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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net Earnings $ 61,248 $ 67,677
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 137,020 131,861
Deferred income tax expense 5,888 32,443
Net unrealized (gains) losses on commodity derivatives (56) 939
(Gains) losses on investment securities 1,382 (12,324)
Stock based compensation expense 3,325 4,561
Regulatory disallowances and restructuring costs 1,794 0
Allowance for equity funds used during construction and other, net (4,641) (3,465)
Other, net 1,595 1,056
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (17,130) (12,204)
Materials and supplies (8,282) 969
Other current assets (16,130) 1,613
Other assets 2,603 3,186
Accounts payable (21,229) (2,052)
Accrued interest and taxes (4,865) (6,802)
Other current liabilities (1,516) (2,498)
Other liabilities (7,106) (4,341)
Net cash flows from operating activities 133,900 200,619
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (245,587) (230,882)
Proceeds from sales of investment securities 794,088 358,045
Purchases of investment securities (797,271) (359,853)
Principal repayments on Westmoreland Loan 56,640 19,180
Investments in NMRD (8,000) 0
Other, net (120) 143
Net cash flows from investing activities (200,250) (213,367)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (22,800) 86,400
Long-term borrowings 709,652 57,000
Repayment of long-term debt (550,137) (77,447)
Proceeds from stock option exercise 924 1,574
Awards of common stock (12,268) (13,166)
Dividends paid (42,480) (38,896)
Valencia’s transactions with its owner (8,381) (7,731)
Amounts received under transmission interconnection arrangements 0 11,419
Refunds paid under transmission interconnection arrangements (1,661) (8,783)
Debt issuance costs and other, net (5,584) (951)
Net cash flows from financing activities 67,265 9,419
Change in Cash, Restricted Cash, and Equivalents 915 (3,329)
Cash, Restricted Cash, and Equivalents at Beginning of Period 3,974 5,522
Cash, Restricted Cash, and Equivalents at End of Period 4,889 2,193
Restricted Cash Included in Other Current Assets on Condensed Consolidated Balance Sheets:    
At beginning of period 0 1,000
At end of period 0  
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 59,626 59,982
Income taxes paid (refunded), net 842 625
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions 17,303 1,279
PNM    
Cash Flows From Operating Activities:    
Net Earnings 42,296 50,587
Net earnings 34,510 43,591
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 90,713 88,864
Deferred income tax expense 2,342 23,685
Net unrealized (gains) losses on commodity derivatives (56) 939
(Gains) losses on investment securities 1,382 (12,324)
Regulatory disallowances and restructuring costs 1,794 0
Allowance for equity funds used during construction and other, net (3,879) (3,331)
Other, net 1,595 1,053
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (12,057) (8,846)
Materials and supplies (7,071) 1,591
Other current assets (17,995) 4,623
Other assets 8,296 8,539
Accounts payable (13,050) (754)
Accrued interest and taxes (988) (1,520)
Other current liabilities (11,364) 9,220
Other liabilities (10,300) (6,949)
Net cash flows from operating activities 71,658 155,377
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (120,287) (125,698)
Proceeds from sales of investment securities 794,088 358,045
Purchases of investment securities (797,271) (359,853)
Other, net 131 143
Net cash flows from investing activities (123,339) (127,363)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net (6,200) (23,000)
Short-term borrowings (repayments) - affiliate, net 4,900 0
Long-term borrowings 350,000 57,000
Repayment of long-term debt (350,000) (57,000)
Dividends paid (264) (264)
Valencia’s transactions with its owner (8,381) (7,731)
Amounts received under transmission interconnection arrangements 68,200 11,419
Refunds paid under transmission interconnection arrangements (1,661) (8,783)
Debt issuance costs and other, net (3,147) (953)
Net cash flows from financing activities 53,447 (29,312)
Change in Cash, Restricted Cash, and Equivalents 1,766 (1,298)
Cash, Restricted Cash, and Equivalents at Beginning of Period 1,108 1,324
Cash, Restricted Cash, and Equivalents at End of Period 2,874 26
Restricted Cash Included in Other Current Assets on Condensed Consolidated Balance Sheets:    
At beginning of period 0 1,000
At end of period 0 0
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 39,881 39,584
Income taxes paid (refunded), net 0 0
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions (841) (5,392)
Texas-New Mexico Power Company    
Cash Flows From Operating Activities:    
Net earnings 24,779 19,808
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 33,390 31,877
Deferred income tax expense (900) 4,894
Allowance for equity funds used during construction and other, net (762) (130)
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (5,073) (3,358)
Materials and supplies (1,211) (622)
Other current assets (378) (3,897)
Other assets (5,603) (5,747)
Accounts payable (4,161) 138
Accrued interest and taxes 1,610 (308)
Other current liabilities 5,410 1,957
Other liabilities 3,874 717
Net cash flows from operating activities 50,975 45,329
Cash Flows From Investing Activities:    
Additions to utility and non-utility plant (115,361) (78,940)
Net cash flows from investing activities (115,361) (78,940)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings (repayments), net 13,500 47,000
Short-term borrowings (repayments) - affiliate, net 100 3,400
Long-term borrowings 60,000 0
Dividends paid (10,436) (17,459)
Debt issuance costs and other, net (478) 0
Net cash flows from financing activities 62,686 32,941
Cash, Restricted Cash, and Equivalents at Beginning of Period 1,700  
Cash, Restricted Cash, and Equivalents at End of Period 0  
Change in Cash and Cash Equivalents (1,700) (670)
Cash and Cash Equivalents at Beginning of Period   671
Cash and Cash Equivalents at End of Period 0 1
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 13,085 13,999
Income taxes paid (refunded), net 842 750
Supplemental schedule of noncash investing activities:    
(Increase) decrease in accrued plant additions $ 14,886 $ 1,700