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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Electric Operating Revenues      
Contracts with customers $ 1,359,740 $ 1,321,023 $ 1,277,594
Operating Revenues 1,436,613 1,445,003 1,362,951
Operating Expenses:      
Administrative and general 188,470 177,791 184,774
Regulatory disallowances and restructuring costs 65,598 27,036 15,011
Depreciation and amortization 241,188 231,942 209,110
Transmission and distribution costs 76,434 71,576 66,227
Taxes other than income taxes 79,673 76,690 76,321
Total operating expenses 1,200,566 1,129,964 1,078,226
Operating income 236,047 315,039 284,725
Other Income and Deductions:      
Interest income 15,540 15,916 22,293
Gains (losses) on investment securities (17,176) 27,161 19,517
Other income 17,586 19,515 17,796
Other (deductions) (15,696) (24,247) (20,524)
Net other income and deductions 254 38,345 39,082
Interest Charges 127,244 127,625 128,633
Earnings before Income Taxes 109,057 225,759 195,174
Income Taxes 7,775 130,340 63,278
Net Earnings 101,282 95,419 131,896
(Earnings) Attributable to Valencia Non-controlling Interest (15,112) (15,017) (14,519)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to PNMR $ 85,642 $ 79,874 $ 116,849
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 1.07 $ 1.00 $ 1.47
Diluted (in dollars per share) $ 1.07 $ 1.00 $ 1.46
Public Service Company of New Mexico      
Electric Operating Revenues      
Contracts with customers $ 1,019,291 $ 992,462 $ 963,158
Operating Revenues 1,091,965 1,104,230 1,035,913
Operating Expenses:      
Administrative and general 173,178 163,892 162,469
Regulatory disallowances and restructuring costs 66,339 27,036 15,011
Depreciation and amortization 151,866 147,017 133,447
Transmission and distribution costs 46,855 42,370 39,657
Taxes other than income taxes 45,181 43,709 44,598
Total operating expenses 946,932 883,151 841,083
Operating income 145,033 221,079 194,830
Other Income and Deductions:      
Interest income 13,089 8,454 10,173
Gains (losses) on investment securities (17,176) 27,161 19,517
Other income 10,992 13,527 12,088
Other (deductions) (11,128) (18,556) (16,279)
Net other income and deductions (4,223) 30,586 25,499
Interest Charges 76,458 82,697 87,469
Earnings before Income Taxes 64,352 168,968 132,860
Income Taxes (5,971) 81,555 40,922
Net Earnings 70,323 87,413 91,938
(Earnings) Attributable to Valencia Non-controlling Interest (15,112) (15,017) (14,519)
Preferred Stock Dividend Requirements of Subsidiary (528) (528) (528)
Net Earnings Attributable to PNMR 54,683 71,868 76,891
Texas-New Mexico Power Company      
Electric Operating Revenues      
Contracts with customers 340,449 328,561 314,436
Operating Revenues 344,648 340,773 327,038
Operating Expenses:      
Administrative and general 38,642 39,828 39,423
Regulatory disallowances and restructuring costs (741) 0 0
Depreciation and amortization 66,189 63,146 61,126
Transmission and distribution costs 29,579 29,206 26,570
Taxes other than income taxes 28,792 29,187 27,396
Total operating expenses 248,151 247,169 235,397
Operating income 96,497 93,604 91,641
Other Income and Deductions:      
Other income 5,487 4,994 4,629
Other (deductions) (1,422) (1,443) (1,427)
Net other income and deductions 4,065 3,551 3,202
Interest Charges 32,091 30,084 29,335
Earnings before Income Taxes 68,471 67,071 65,508
Income Taxes 16,880 31,512 23,836
Alternative Energy      
Electric Operating Revenues      
Operating Revenues 1,756 15,779 16,035
Alternative Energy | Public Service Company of New Mexico      
Electric Operating Revenues      
Operating Revenues (2,443) 3,567 3,433
Alternative Energy | Texas-New Mexico Power Company      
Electric Operating Revenues      
Operating Revenues 4,199 12,212 12,602
Other Electric      
Electric Operating Revenues      
Operating Revenues 75,117 108,201 69,322
Other Electric | Public Service Company of New Mexico      
Electric Operating Revenues      
Operating Revenues 75,117 108,201 69,322
Other Electric | Texas-New Mexico Power Company      
Electric Operating Revenues      
Operating Revenues 0    
Electricity      
Electric Operating Revenues      
Operating Revenues 1,436,613 1,445,003 1,362,951
Operating Expenses:      
Energy production costs 399,726 407,479 380,596
Electricity | Public Service Company of New Mexico      
Operating Expenses:      
Energy production costs 314,036 321,677 299,714
Electricity | Texas-New Mexico Power Company      
Operating Expenses:      
Energy production costs 85,690 85,802 80,882
Electricity, Generation      
Operating Expenses:      
Energy production costs 149,477 137,450 146,187
Electricity, Generation | Public Service Company of New Mexico      
Operating Expenses:      
Energy production costs $ 149,477 $ 137,450 $ 146,187