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Summary of the Business and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Average Rates Used Allocated Between Depreciation Expense and Construction Expense Projects Based on Use of Equipment Average straight-line rates used were as follows:
 
Year ended December 31,
 
2019
 
2018
 
2017
PNM
 
 
 
 
 
Electric plant
2.47
%
 
2.40
%
 
2.52
%
Common, intangible, and general plant
7.91
%
 
8.18
%
 
8.36
%
TNMP
4.04
%
 
3.49
%
 
3.57
%

Schedule of Inventory
Inventories consisted of the following at December 31:
 
PNMR
 
PNM
 
TNMP
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Coal
$
24,914

 
$
22,777

 
$
24,914

 
$
22,777

 
$

 
$

Materials and supplies
53,015

 
49,057

 
47,311

 
44,320

 
5,704

 
4,737

 
$
77,929

 
$
71,834

 
$
72,225

 
$
67,097

 
$
5,704

 
$
4,737


Marketable Securities Summarized financial information for NMRD is as follows:
 
Results of Operations

 
December 31,
 
2019
 
2018
 
(In thousands)
Operating revenues
$
3,662

 
$
3,147

Operating expenses
2,971

 
2,136

Net earnings
$
691

 
$
1,011

 
Financial Position

 
December 31,
 
2019
 
2018
 
(In thousands)
Current assets
$
7,187

 
$
2,581

Net property, plant, and equipment
132,772

 
50,784

Total assets
139,959

 
53,365

Current liabilities
9,640

 
237

Owners’ equity
$
130,319

 
$
53,128