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Condensed Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,389 $ 1,104
Accounts receivable, net of allowance for credit losses of $6,392 and $7,265 116,015 123,292
Unbilled revenues 42,153 57,736
Other receivables 19,414 18,784
Materials, supplies, and fuel stock 70,244 65,061
Regulatory assets 18,597 14,785
Prepaid assets 25,149 37,325
Income taxes receivable 4,102 4,878
Other current assets 1,082 1,635
Total current assets 301,145 324,600
Other Property and Investments:    
Investment securities 431,097 463,126
Other investments 174 265
Non-utility property, net 24,420 25,439
Total other property and investments 545,035 577,988
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,448,704 9,357,849
Less accumulated depreciation and amortization 3,003,558 2,952,743
Net plant in service and plant held for future use 6,445,146 6,405,106
Construction work in progress 313,901 248,856
Nuclear fuel, net of accumulated amortization of $47,131 and $41,181 99,381 98,937
Net utility plant 6,858,428 6,752,899
Deferred Charges and Other Assets:    
Regulatory assets 511,639 514,258
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 74,126 79,511
Other deferred charges 159,016 139,332
Total deferred charges and other assets 1,023,078 1,011,398
Assets 8,727,686 8,666,885
Current Liabilities:    
Short-term debt 86,000 62,700
Current installments of long-term debt 179,419 179,339
Accounts payable 117,772 172,595
Customer deposits 5,364 5,095
Accrued interest and taxes 70,238 70,105
Regulatory liabilities 12,885 8,316
Operating lease liabilities 27,722 27,218
Dividends declared 29,960 132
Transmission interconnection arrangement liabilities 42,666 39,564
Other current liabilities 101,017 99,149
Total current liabilities 673,043 664,213
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,620,041 3,519,580
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 772,263 764,850
Regulatory liabilities 845,701 841,393
Asset retirement obligations 236,877 234,146
Accrued pension liability and postretirement benefit cost 15,772 19,057
Operating lease liabilities 47,369 55,993
Other deferred credits 335,291 333,195
Total deferred credits and liabilities 2,253,273 2,248,634
Total liabilities 6,546,357 6,432,427
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,425,574 1,429,257
Accumulated other comprehensive income (loss), net of income taxes (76,580) (71,936)
Retained earnings 766,538 810,203
Total PNM common stockholder’s equity 2,115,532 2,167,524
Non-controlling interest in Valencia 54,268 55,405
Total equity 2,169,800 2,222,929
Total liabilities and stockholders' equity 8,727,686 8,666,885
PNM    
Current Assets:    
Cash and cash equivalents 2,985 19
Accounts receivable, net of allowance for credit losses of $6,392 and $7,265 87,329 98,151
Unbilled revenues 31,424 44,759
Other receivables 16,871 16,538
Affiliate receivables 8,895 8,837
Materials, supplies, and fuel stock 62,578 57,942
Regulatory assets 13,749 8,721
Prepaid assets 18,639 30,266
Other current assets 995 1,456
Total current assets 243,465 266,689
Other Property and Investments:    
Investment securities 431,097 463,126
Other investments 38 129
Non-utility property, net 10,426 10,717
Total other property and investments 441,561 473,972
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,655,734 6,602,015
Less accumulated depreciation and amortization 2,268,349 2,235,068
Net plant in service and plant held for future use 4,387,385 4,366,947
Construction work in progress 184,282 182,520
Nuclear fuel, net of accumulated amortization of $47,131 and $41,181 99,381 98,937
Net utility plant 4,671,048 4,648,404
Deferred Charges and Other Assets:    
Regulatory assets 426,177 428,981
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 69,022 73,903
Other deferred charges 137,183 116,552
Total deferred charges and other assets 684,014 671,068
Assets 6,040,088 6,060,133
Current Liabilities:    
Short-term debt 4,700 7,400
Current installments of long-term debt 179,419 179,339
Accounts payable 74,299 107,795
Affiliate payables 10,768 15,203
Customer deposits 5,364 5,095
Accrued interest and taxes 52,011 37,137
Regulatory liabilities 12,885 8,316
Operating lease liabilities 25,826 25,278
Dividends declared 132 132
Transmission interconnection arrangement liabilities 40,666 39,564
Other current liabilities 78,269 70,643
Total current liabilities 484,339 495,902
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,702,214 1,701,771
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 634,592 630,682
Regulatory liabilities 651,495 653,830
Asset retirement obligations 236,098 233,383
Accrued pension liability and postretirement benefit cost 15,448 18,718
Operating lease liabilities 44,377 52,552
Other deferred credits 246,202 246,502
Total deferred credits and liabilities 1,828,212 1,835,667
Total liabilities 4,014,765 4,033,340
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,547,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (76,580) (71,936)
Retained earnings 488,188 483,877
Total PNM common stockholder’s equity 1,959,526 1,959,859
Non-controlling interest in Valencia 54,268 55,405
Total equity 2,013,794 2,015,264
Total liabilities and stockholders' equity $ 6,040,088 $ 6,060,133