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v3.19.3.a.u2

Financing (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term debt outstanding consists of:
|  | December 31,
Short-term Debt |  | 2019 |  | 2018
|  | (In thousands)
PNM: |  |  |  |
PNM Revolving Credit Facility |  | $ | 48,000 |  |  | $ | 32,400 |
PNM 2017 New Mexico Credit Facility |  | 10,000 |  |  | 10,000 |
|  | 58,000 |  |  | 42,400 |
TNMP Revolving Credit Facility |  | 15,000 |  |  | 17,500 |
PNMR: |  |  |  |
PNMR Revolving Credit Facility |  | 112,100 |  |  | 20,000 |
PNMR 2018 One-Year Term Loan |  | — |  |  | 150,000 |
PNMR Development Revolving Credit Facility |  | — |  |  | 6,000 |
|  | $ | 185,100 |  |  | $ | 235,900 |
Schedule of Long-term Debt Instruments | Information concerning long-term debt outstanding and unamortized (premiums), discounts, and debt issuance costs is as follows:
|  | December 31, 2019 |  | December 31, 2018
|  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net |  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net
|  | (In thousands)
PNM Debt |  |  |  |  |  |  |  |
Senior Unsecured Notes, Pollution Control Revenue Bonds: |  |  |  |  |  |  |  |
1.875% due April 2033, mandatory tender - October 1, 2021 |  | $ | 146,000 |  |  | $ | 662 |  |  | $ | 146,000 |  |  | $ | 1,022 |
6.25% due January 2038 |  | 36,000 |  |  | 205 |  |  | 36,000 |  |  | 216 |
2.125% due June 2040, mandatory tender - June 1, 2022 |  | 37,000 |  |  | 224 |  |  | 37,000 |  |  | 314 |
5.20% due June 2040, mandatory tender - June 1, 2020 |  | 40,045 |  |  | 17 |  |  | 40,045 |  |  | 62 |
5.90% due June 2040 |  | 255,000 |  |  | 1,857 |  |  | 255,000 |  |  | 1,950 |
6.25% due June 2040 |  | 11,500 |  |  | 84 |  |  | 11,500 |  |  | 88 |
2.45% due September 2042, mandatory tender - June 1, 2022 |  | 20,000 |  |  | 85 |  |  | 20,000 |  |  | 119 |
2.40% due June 2043, mandatory tender - June 1, 2020 |  | 39,300 |  |  | 50 |  |  | 39,300 |  |  | 146 |
5.20% due June 2043, mandatory tender - June 1, 2020 |  | 21,000 |  |  | 10 |  |  | 21,000 |  |  | 31 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |
5.35% due October 2021 |  | 160,000 |  |  | 292 |  |  | 160,000 |  |  | 455 |
3.15% due May 2023 |  | 55,000 |  |  | 261 |  |  | 55,000 |  |  | 338 |
3.45% due May 2025 |  | 104,000 |  |  | 562 |  |  | 104,000 |  |  | 666 |
3.85% due August 2025 |  | 250,000 |  |  | 1,675 |  |  | 250,000 |  |  | 1,974 |
3.68% due May 2028 |  | 88,000 |  |  | 518 |  |  | 88,000 |  |  | 581 |
3.78% due August 2028 |  | 15,000 |  |  | 91 |  |  | 15,000 |  |  | 101 |
3.93% due May 2033 |  | 38,000 |  |  | 238 |  |  | 38,000 |  |  | 256 |
4.22% due May 2038 |  | 45,000 |  |  | 291 |  |  | 45,000 |  |  | 307 |
4.50% due May 2048 |  | 20,000 |  |  | 133 |  |  | 20,000 |  |  | 138 |
4.60% due August 2048 |  | 85,000 |  |  | 570 |  |  | 85,000 |  |  | 590 |
PNM 2017 Term Loan due January 2019 |  | — |  |  | — |  |  | 200,000 |  |  | 1 |
PNM 2019 $250.0 Million Term Loan due July 2020 |  | 250,000 |  |  | — |  |  | — |  |  | — |
PNM 2019 $40.0 Million Term Loan due June 2021 |  | 40,000 |  |  |  |  |  |  |
|  | 1,755,845 |  |  | 7,825 |  |  | 1,665,845 |  |  | 9,355 |
Less current maturities |  | 350,345 |  |  | 77 |  |  | — |  |  | — |
|  | 1,405,500 |  |  | 7,748 |  |  | 1,665,845 |  |  | 9,355 |
|  | December 31, 2019 |  | December 31, 2018
|  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net |  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net
|  | (In thousands)
TNMP Debt |  |  |  |  |  |  |  |
First Mortgage Bonds: |  |  |  |  |  |  |  |
9.50% due April 2019 |  | — |  |  | — |  |  | 172,302 |  |  | 206 |
6.95% due April 2043 |  | 93,198 |  |  | (16,632 | ) |  | 93,198 |  |  | (17,347 | )
4.03% due July 2024 |  | 80,000 |  |  | 475 |  |  | 80,000 |  |  | 580 |
3.53% due February 2026 |  | 60,000 |  |  | 502 |  |  | 60,000 |  |  | 585 |
3.22% due August 2027 |  | 60,000 |  |  | 437 |  |  | 60,000 |  |  | 494 |
3.85% due June 2028 |  | 60,000 |  |  | 531 |  |  | 60,000 |  |  | 584 |
3.79% due March 2034 |  | 75,000 |  |  | 535 |  |  | — |  |  | — |
3.92% due March 2039 |  | 75,000 |  |  | 542 |  |  | — |  |  | — |
4.06% due March 2044 |  | 75,000 |  |  | 546 |  |  | — |  |  | — |
3.60% due July 2029 |  | 80,000 |  |  | 571 |  |  | — |  |  | — |
TNMP 2018 Term Loan due July 2020 |  | — |  |  | — |  |  | 35,000 |  |  | — |
|  | 658,198 |  |  | (12,493 | ) |  | 560,500 |  |  | (14,898 | )
Less current maturities |  | — |  |  | — |  |  | — |  |  | — |
|  | 658,198 |  |  | (12,493 | ) |  | 560,500 |  |  | (14,898 | )
PNMR Debt |  |  |  |  |  |  |  |
PNMR 3.25% 2018 SUNs due March 2021 |  | 300,000 |  |  | 917 |  |  | 300,000 |  |  | 1,690 |
PNMR Development Term Loan due November 2020 |  | 90,000 |  |  | 42 |  |  | 90,000 |  |  | 88 |
PNMR 2018 Two-Year Term Loan due December 2020 |  | 50,000 |  |  | — |  |  | 50,000 |  |  | — |
PNMR 2019 Term Loan due June 2021 |  | 150,000 |  |  | 35 |  |  | — |  |  | — |
|  | 590,000 |  |  | 994 |  |  | 440,000 |  |  | 1,778 |
Less current maturities |  | 140,000 |  |  | — |  |  | — |  |  | — |
|  | 450,000 |  |  | 994 |  |  | 440,000 |  |  | 1,778 |
Total Consolidated PNMR Debt |  | 3,004,043 |  |  | (3,674 | ) |  | 2,666,345 |  |  | (3,765 | )
Less current maturities |  | 490,345 |  |  | 77 |  |  | — |  |  | — |
|  | $ | 2,513,698 |  |  | $ | (3,751 | ) |  | $ | 2,666,345 |  |  | $ | (3,765 | )
Schedule of Maturities of Long-term Debt | Reflecting mandatory tender dates, long-term debt maturities as of December 31, 2019 are follows:
| PNMR |  | PNM |  | TNMP |  | PNMR Consolidated
| (In thousands)
2020 | $ | 140,000 |  |  | $ | 350,345 |  |  | $ | — |  |  | $ | 490,345 |
2021 | 450,000 |  |  | 346,000 |  |  | — |  |  | 796,000 |
2022 | — |  |  | 57,000 |  |  | — |  |  | 57,000 |
2023 | — |  |  | 55,000 |  |  | — |  |  | 55,000 |
2024 | — |  |  | — |  |  | 80,000 |  |  | 80,000 |
Thereafter | — |  |  | 947,500 |  |  | 578,198 |  |  | 1,525,698 |
Total | $ | 590,000 |  |  | $ | 1,755,845 |  |  | $ | 658,198 |  |  | $ | 3,004,043 |

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