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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Electric Operating Revenues      
Contracts with customers $ 1,469,799 $ 1,377,208 $ 1,359,740
Alternative revenue programs (11,994) (542) 1,756
Other electric operating revenue 65,207 80,937 75,117
Total electric operating revenues 1,523,012 1,457,603 1,436,613
Operating Expenses:      
Administrative and general 216,334 189,227 188,470
Regulatory disallowances and restructuring costs 1,098 151,095 65,598
Depreciation and amortization 275,612 267,808 241,188
Transmission and distribution costs 77,943 69,862 76,434
Taxes other than income taxes 81,526 80,054 79,673
Total operating expenses 1,237,731 1,313,403 1,200,566
Operating income 285,281 144,200 236,047
Other Income and Deductions:      
Interest income 14,223 14,022 15,540
Gains (losses) on investment securities 21,599 29,589 (17,176)
Other income 19,973 15,382 17,586
Other (deductions) (18,732) (15,328) (15,696)
Net other income and (deductions) 37,063 43,665 254
Interest Charges 114,392 121,016 127,244
Earnings before Income Taxes 207,952 66,849 109,057
Income Taxes (Benefits) 20,636 (25,282) 7,775
Net Earnings 187,316 92,131 101,282
(Earnings) Attributable to Valencia Non-controlling Interest (14,013) (14,241) (15,112)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR $ 172,775 $ 77,362 $ 85,642
Net Earnings Attributable to PNMR per Common Share:      
Basic (in dollars per share) $ 2.16 $ 0.97 $ 1.07
Diluted (in dollars per share) $ 2.15 $ 0.97 $ 1.07
Public Service Company of New Mexico      
Electric Operating Revenues      
Contracts with customers $ 1,078,158 $ 1,010,898 $ 1,019,291
Alternative revenue programs (3,531) 1,987 (2,443)
Other electric operating revenue 65,207 80,937 75,117
Total electric operating revenues 1,139,834 1,093,822 1,091,965
Operating Expenses:      
Administrative and general 180,113 172,903 173,178
Regulatory disallowances and restructuring costs 1,098 150,599 66,339
Depreciation and amortization 165,325 160,368 151,866
Transmission and distribution costs 49,534 42,970 46,855
Taxes other than income taxes 45,723 45,644 45,181
Total operating expenses 924,937 1,032,754 946,932
Operating income 214,897 61,068 145,033
Other Income and Deductions:      
Interest income 14,469 14,303 13,089
Gains (losses) on investment securities 21,599 29,589 (17,176)
Other income 9,800 9,213 10,992
Other (deductions) (14,279) (11,813) (11,128)
Net other income and (deductions) 31,589 41,292 (4,223)
Interest Charges 64,615 72,900 76,458
Earnings before Income Taxes 181,871 29,460 64,352
Income Taxes (Benefits) 21,857 (25,962) (5,971)
Net Earnings 160,014 55,422 70,323
(Earnings) Attributable to Valencia Non-controlling Interest (14,013) (14,241) (15,112)
Net earnings 146,001 41,181 55,211
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 145,473 40,653 54,683
Texas-New Mexico Power Company      
Electric Operating Revenues      
Contracts with customers 391,641 366,310 340,449
Alternative revenue programs (8,463) (2,529) 4,199
Other electric operating revenue 0 0 0
Total electric operating revenues 383,178 363,781 344,648
Operating Expenses:      
Administrative and general 44,811 40,530 38,642
Regulatory disallowances and restructuring costs 0 496 (741)
Depreciation and amortization 87,799 84,259 66,189
Transmission and distribution costs 28,409 26,892 29,579
Taxes other than income taxes 31,632 30,703 28,792
Total operating expenses 294,725 277,967 248,151
Operating income 88,453 85,814 96,497
Other Income and Deductions:      
Other income 8,546 5,559 5,487
Other (deductions) (1,718) (1,428) (1,422)
Net other income and (deductions) 6,828 4,131 4,065
Interest Charges 30,388 29,100 32,091
Earnings before Income Taxes 64,893 60,845 68,471
Income Taxes (Benefits) 6,308 5,046 16,880
Net earnings 58,585 55,799 51,591
Electricity      
Electric Operating Revenues      
Total electric operating revenues 1,523,012 1,457,603 1,436,613
Operating Expenses:      
Cost of energy and production costs 447,241 412,812 399,726
Electricity | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs 345,167 317,725 314,036
Electricity | Texas-New Mexico Power Company      
Operating Expenses:      
Cost of energy and production costs 102,074 95,087 85,690
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs 137,977 142,545 149,477
Electricity, Generation | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs $ 137,977 $ 142,545 $ 149,477