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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Electric Operating Revenues      
Contracts with customers $ 1,377,208 $ 1,359,740 $ 1,321,023
Alternative revenue programs (542) 1,756 15,779
Other electric operating revenue 80,937 75,117 108,201
Total electric operating revenues 1,457,603 1,436,613 1,445,003
Operating Expenses:      
Administrative and general 189,227 188,470 177,791
Regulatory disallowances and restructuring costs 151,095 65,598 27,036
Depreciation and amortization 267,808 241,188 231,942
Transmission and distribution costs 69,862 76,434 71,576
Taxes other than income taxes 80,054 79,673 76,690
Total operating expenses 1,313,403 1,200,566 1,129,964
Operating income 144,200 236,047 315,039
Other Income and Deductions:      
Interest income 14,022 15,540 15,916
Gains (losses) on investment securities 29,589 (17,176) 27,161
Other income 15,382 17,586 19,515
Other (deductions) (15,328) (15,696) (24,247)
Net other income and deductions 43,665 254 38,345
Interest Charges 121,016 127,244 127,625
Earnings before Income Taxes 66,849 109,057 225,759
Income Taxes (Benefits) (25,282) 7,775 130,340
Net Earnings 92,131 101,282 95,419
(Earnings) Attributable to Valencia Non-controlling Interest (14,241) (15,112) (15,017)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR $ 77,362 $ 85,642 $ 79,874
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 0.97 $ 1.07 $ 1.00
Diluted (in dollars per share) $ 0.97 $ 1.07 $ 1.00
Public Service Company of New Mexico      
Electric Operating Revenues      
Contracts with customers $ 1,010,898 $ 1,019,291 $ 992,462
Alternative revenue programs 1,987 (2,443) 3,567
Other electric operating revenue 80,937 75,117 108,201
Total electric operating revenues 1,093,822 1,091,965 1,104,230
Operating Expenses:      
Administrative and general 172,903 173,178 163,892
Regulatory disallowances and restructuring costs 150,599 66,339 27,036
Depreciation and amortization 160,368 151,866 147,017
Transmission and distribution costs 42,970 46,855 42,370
Taxes other than income taxes 45,644 45,181 43,709
Total operating expenses 1,032,754 946,932 883,151
Operating income 61,068 145,033 221,079
Other Income and Deductions:      
Interest income 14,303 13,089 8,454
Gains (losses) on investment securities 29,589 (17,176) 27,161
Other income 9,213 10,992 13,527
Other (deductions) (11,813) (11,128) (18,556)
Net other income and deductions 41,292 (4,223) 30,586
Interest Charges 72,900 76,458 82,697
Earnings before Income Taxes 29,460 64,352 168,968
Income Taxes (Benefits) (25,962) (5,971) 81,555
Net Earnings 55,422 70,323 87,413
(Earnings) Attributable to Valencia Non-controlling Interest (14,241) (15,112) (15,017)
Net Earnings Attributable to Company 41,181 55,211 72,396
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 40,653 54,683 71,868
Texas-New Mexico Power Company      
Electric Operating Revenues      
Contracts with customers 366,310 340,449 328,561
Alternative revenue programs (2,529) 4,199 12,212
Other electric operating revenue 0 0  
Total electric operating revenues 363,781 344,648 340,773
Operating Expenses:      
Administrative and general 40,530 38,642 39,828
Regulatory disallowances and restructuring costs 496 (741) 0
Depreciation and amortization 84,259 66,189 63,146
Transmission and distribution costs 26,892 29,579 29,206
Taxes other than income taxes 30,703 28,792 29,187
Total operating expenses 277,967 248,151 247,169
Operating income 85,814 96,497 93,604
Other Income and Deductions:      
Other income 5,559 5,487 4,994
Other (deductions) (1,428) (1,422) (1,443)
Net other income and deductions 4,131 4,065 3,551
Interest Charges 29,100 32,091 30,084
Earnings before Income Taxes 60,845 68,471 67,071
Income Taxes (Benefits) 5,046 16,880 31,512
Net Earnings Attributable to Company 55,799 51,591 35,559
Electricity      
Electric Operating Revenues      
Total electric operating revenues 1,457,603 1,436,613 1,445,003
Operating Expenses:      
Cost of energy and production costs 412,812 399,726 407,479
Electricity | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs 317,725 314,036 321,677
Electricity | Texas-New Mexico Power Company      
Operating Expenses:      
Cost of energy and production costs 95,087 85,690 85,802
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs 142,545 149,477 137,450
Electricity, Generation | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs $ 142,545 $ 149,477 $ 137,450