Related Party Transactions

6 Months Ended

Jun. 30, 2018

PNMR, PNM, TNMP, and NMRD 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. In addition, PNMR provides construction and operations and maintenance services to NMRD, a 50% owned subsidiary of PNMR Development (Note 1), and PNM purchases renewable energy from certain NMRD-owned facilities at a fixed price per MWh of energy produced. PNM also provides interconnection services to PNMR Development (Note 9) and NMRD. The table below summarizes the nature and amount of related party transactions of PNMR, PNM, TNMP, and NMRD:



	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(In thousands)
Services billings:
PNMR to PNM	$	22,471	$	23,190	$	46,150	$	47,593
PNMR to TNMP	8,058		7,806		16,423		15,943
PNM to TNMP	90		102		177		187
TNMP to PNMR	35		35		70		70
TNMP to PNM	—		57		—		145
PNMR to NMRD	51		—		130		—
Renewable energy purchases:
PNM from NMRD	1,004		—		1,374		—
Interconnection billings:
PNM to NMRD	2,052		—		2,052		—
PNM to PNMR	68,200		—		68,200		—
Interest billings:
PNMR to PNM	747		9		809		11
PNM to PNMR	70		49		136		92
PNMR to TNMP	13		30		22		60
Income tax sharing payments:
PNMR to PNM	—		—		—		—
TNMP to PNMR	—		—		—		—