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v3.22.0.1

Financing (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term debt outstanding consists of:
|  | December 31,
Short-term Debt |  | 2021 |  | 2020
|  | (In thousands)
PNM: |  |  |  |
PNM Revolving Credit Facility |  | $ | 7,400 |  |  | $ | — |
PNM 2017 New Mexico Credit Facility |  | — |  |  | 10,000 |
|  | 7,400 |  |  | 10,000 |
TNMP Revolving Credit Facility |  | 400 |  |  | — |
PNMR: |  |  |  |
PNMR Revolving Credit Facility |  | 54,900 |  |  | 12,000 |
PNMR Development Revolving Credit Facility |  | — |  |  | 10,000 |
|  | $ | 62,700 |  |  | $ | 32,000 |
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, 2021 |  | December 31, 2020
|  | 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 |  |  | $ | 301 |
2.15% due April 2033 |  | 146,000 |  |  | 1,003 |  |  | — |  |  | — |
2.125% due June 2040, mandatory tender - June 1, 2022 |  | 37,000 |  |  | 45 |  |  | 37,000 |  |  | 135 |
2.45% due September 2042, mandatory tender - June 1, 2022 |  | 20,000 |  |  | 17 |  |  | 20,000 |  |  | 50 |
Floating rate, weekly-mode |  | — |  |  | — |  |  | 100,345 |  |  | 798 |
0.875% due October 2026 |  | 100,345 |  |  | 697 |  |  | — |  |  | — |
1.05% due January 2038, mandatory tender - June 1, 2022 |  | 36,000 |  |  | 75 |  |  | 36,000 |  |  | 226 |
1.20% due June 2040, mandatory tender - June 1, 2022 |  | 11,500 |  |  | 24 |  |  | 11,500 |  |  | 72 |
1.10% due June 2040, mandatory tender June 1, 2023 |  | 130,000 |  |  | 535 |  |  | 130,000 |  |  | 892 |
1.15% due June 2040, mandatory tender - June 1, 2024 |  | 125,000 |  |  | 639 |  |  | 125,000 |  |  | 894 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |
5.35% due October 2021 |  | — |  |  | — |  |  | 160,000 |  |  | 129 |
3.15% due May 2023 |  | 55,000 |  |  | 106 |  |  | 55,000 |  |  | 184 |
3.45% due May 2025 |  | 104,000 |  |  | 353 |  |  | 104,000 |  |  | 457 |
3.85% due August 2025 |  | 250,000 |  |  | 1,075 |  |  | 250,000 |  |  | 1,375 |
3.68% due May 2028 |  | 88,000 |  |  | 395 |  |  | 88,000 |  |  | 457 |
3.78% due August 2028 |  | 15,000 |  |  | 69 |  |  | 15,000 |  |  | 80 |
3.93% due May 2033 |  | 38,000 |  |  | 203 |  |  | 38,000 |  |  | 221 |
4.22% due May 2038 |  | 45,000 |  |  | 259 |  |  | 45,000 |  |  | 275 |
4.50% due May 2048 |  | 20,000 |  |  | 124 |  |  | 20,000 |  |  | 128 |
4.60% due August 2048 |  | 85,000 |  |  | 530 |  |  | 85,000 |  |  | 550 |
3.21% due April 2030 |  | 150,000 |  |  | 1,331 |  |  | 150,000 |  |  | 1,490 |
3.57% due April 2039 |  | 50,000 |  |  | 482 |  |  | 50,000 |  |  | 511 |
2.59% due July 2033 |  | 80,000 |  |  | 443 |  |  | — |  |  | — |
3.14% due July 2041 |  | 80,000 |  |  | 450 |  |  | — |  |  | — |
2.29% due December 2031 |  | 50,000 |  |  | 293 |  |  | — |  |  | — |
2.97% due December 2041 |  | 100,000 |  |  | 587 |  |  | — |  |  | — |
PNM 2019 $40.0 Million Term Loan due June 2021 |  | — |  |  | — |  |  | 40,000 |  |  | — |
PNM 2021 $75.0 Million Term Loan due December 2022 |  | 75,000 |  |  | — |  |  | — |  |  | — |
|  | 1,890,845 |  |  | 9,735 |  |  | 1,705,845 |  |  | 9,225 |
Less current maturities |  | 179,500 |  |  | 161 |  |  | 346,000 |  |  | 430 |
|  | 1,711,345 |  |  | 9,574 |  |  | 1,359,845 |  |  | 8,795 |
|  | December 31, 2021 |  | December 31, 2020
|  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net |  | Principal |  | Unamortized Discounts, (Premiums), and Issuance Costs, net
|  | (In thousands)
TNMP Debt |  |  |  |  |  |  |  |
First Mortgage Bonds: |  |  |  |  |  |  |  |
6.95% due April 2043 |  | $ | 93,198 |  |  | $ | (15,202) |  |  | $ | 93,198 |  |  | $ | (15,917) |
4.03% due July 2024 |  | 80,000 |  |  | 264 |  |  | 80,000 |  |  | 369 |
3.53% due February 2026 |  | 60,000 |  |  | 338 |  |  | 60,000 |  |  | 420 |
3.22% due August 2027 |  | 60,000 |  |  | 324 |  |  | 60,000 |  |  | 380 |
3.85% due June 2028 |  | 60,000 |  |  | 406 |  |  | 60,000 |  |  | 469 |
3.79% due March 2034 |  | 75,000 |  |  | 460 |  |  | 75,000 |  |  | 497 |
3.92% due March 2039 |  | 75,000 |  |  | 486 |  |  | 75,000 |  |  | 514 |
4.06% due March 2044 |  | 75,000 |  |  | 501 |  |  | 75,000 |  |  | 524 |
3.60% due July 2029 |  | 80,000 |  |  | 451 |  |  | 80,000 |  |  | 511 |
2.73% due April 2030 |  | 85,000 |  |  | 699 |  |  | 85,000 |  |  | 784 |
3.36% due April 2050 |  | 25,000 |  |  | 235 |  |  | 25,000 |  |  | 243 |
2.93% due July 2035 |  | 25,000 |  |  | 224 |  |  | 25,000 |  |  | 241 |
3.36% due July 2050 |  | 50,000 |  |  | 473 |  |  | 50,000 |  |  | 490 |
2.44% due August 2035 |  | 65,000 |  |  | 489 |  |  | — |  |  | — |
|  | 908,198 |  |  | (9,852) |  |  | 843,198 |  |  | (10,475) |
Less current maturities |  | — |  |  | — |  |  | — |  |  | — |
|  | 908,198 |  |  | (9,852) |  |  | 843,198 |  |  | (10,475) |
PNMR Debt |  |  |  |  |  |  |  |
PNMR 2021 Delayed-Draw Term Loan due May 2023 |  | 900,000 |  |  | 241 |  |  | — |  |  | — |
PNMR 3.25% 2018 SUNs due March 2021 |  | — |  |  | — |  |  | 300,000 |  |  | 137 |
PNMR Development Term Loan due January 2022 |  | — |  |  | — |  |  | 65,000 |  |  | — |
PNMR 2019 Term Loan due June 2021 |  | — |  |  | — |  |  | 150,000 |  |  | 6 |
PNMR 2020 Term Loan due January 2022 |  | — |  |  | — |  |  | 150,000 |  |  | — |
PNMR 2020 Delayed-Draw Term Loan due January 2022 |  | — |  |  | — |  |  | 80,000 |  |  | — |
|  | 900,000 |  |  | 241 |  |  | 745,000 |  |  | 143 |
Less current maturities |  | — |  |  | — |  |  | 230,000 |  |  | 52 |
|  | 900,000 |  |  | 241 |  |  | 515,000 |  |  | 91 |
Total Consolidated PNMR Debt |  | 3,699,043 |  |  | 124 |  |  | 3,294,043 |  |  | (1,107) |
Less current maturities |  | 179,500 |  |  | 161 |  |  | 576,000 |  |  | 482 |
|  | $ | 3,519,543 |  |  | $ | (37) |  |  | $ | 2,718,043 |  |  | $ | (1,589) |
Schedule of Maturities of Long-term Debt | Reflecting mandatory tender dates, long-term debt maturities as of December 31, 2020 are follows:
| PNMR |  | PNM |  | TNMP |  | PNMR Consolidated
| (In thousands)
2022 | $ | — |  |  | $ | 179,500 |  |  | $ | — |  |  | $ | 179,500 |
2023 | 900,000 |  |  | 185,000 |  |  | — |  |  | 1,085,000 |
2024 | — |  |  | 125,000 |  |  | 80,000 |  |  | 205,000 |
2025 | — |  |  | 354,000 |  |  | — |  |  | 354,000 |
2026 | — |  |  | 100,345 |  |  | 60,000 |  |  | 160,345 |
Thereafter | — |  |  | 947,000 |  |  | 768,198 |  |  | 1,715,198 |
Total | $ | 900,000 |  |  | $ | 1,890,845 |  |  | $ | 908,198 |  |  | $ | 3,699,043 |

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