Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Regulatory Assets and Liabilities

Regulatory assets and liabilities reflected in the Consolidated Balance Sheets are presented below.


	PNM				TNMP
	December 31,				December 31,
	2021		2020		2021		2020
Assets:	(In thousands)
Current:
FPPAC	$	7,130	$	—	$	—	$	—
Transmission cost recovery factor	—		—		3,906		—
Energy efficiency costs	—		—		2,158		202
Other	1,591		—		—		—
	8,721		—		6,064		202


	PNM				TNMP
	December 31,				December 31,
	2021		2020		2021		2020
Assets (Continued):	(In thousands)
Non-Current:

Coal mine reclamation costs(1)	$	9,942	$	9,980	$	—	$	—
Deferred income taxes	68,687		65,564		9,505		9,817
Loss on reacquired debt	17,249		19,748		27,615		28,914
Pension and OPEB(2)	165,006		190,147		17,924		22,863

Shutdown of SJGS Units 2 and 3	100,954		107,231		—		—

AMS surcharge	—		—		12,507		18,761
AMS retirement and other costs	—		—		12,286		13,915

Deferred cost under the ETA	42,656		42,703		—		—
Deferred COVID-19 costs	6,896		8,761		—		676
SJGS replacement resources	8,269		8,282		—		—
EIM	7,028		2,209		—		—
Other	2,294		3,328		5,440		4,891
	428,981		457,953		85,277		99,837
Total regulatory assets	$	437,702	$	457,953	$	91,341	$	100,039





Liabilities:
Current:
FPPAC	$	—	$	(2,274)	$	—	$	—
Renewable energy rider	(5,989)		(2,044)		—		—
Energy efficiency costs	(2,327)		(1,101)		—		—
Transmission cost recovery factor	—		—		—		(2,052)

	(8,316)		(5,419)		—		(2,052)
Non-Current:
Cost of removal	(294,193)		(284,695)		(73,029)		(59,613)
Deferred income taxes	(321,976)		(343,844)		(107,250)		(119,695)
PVNGS ARO	(1,215)		(5,394)		—		—
Renewable energy tax benefits	(16,756)		(17,912)		—		—


Accelerated depreciation SNCRs(3)	(16,331)		(12,045)		—		—
Pension and OPEB	(2,376)		—		(6,099)		(5,535)
COVID-19 cost savings	(900)		(900)		—		—
Other	(83)		(83)		(1,185)		(512)
	(653,830)		(664,873)		(187,563)		(185,355)
Total regulatory liabilities	$	(662,146)	$	(670,292)	$	(187,563)	$	(187,407)

(1) Includes $9.3 million in coal mine reclamation costs related to PNM’s planned retirement of SJGS in 2022 and recoverable under the ETA as described in Note 16

(2) Includes $2.2 million for certain PNM pension costs as described in Note 11

(3) Amounts to be included under the ETA