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v3.22.4

Financing (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term debt outstanding consists of:
|  | December 31,
Short-term Debt |  | 2022 |  | 2021
|  | (In thousands)
PNM: |  |  |  |
PNM Revolving Credit Facility |  | $ | 145,900 |  |  | $ | 7,400 |
PNM New Mexico Credit Facility |  | 40,000 |  |  | — |
|  | 185,900 |  |  | 7,400 |
TNMP Revolving Credit Facility |  | 36,700 |  |  | 400 |
PNMR: |  |  |  |
PNMR Revolving Credit Facility |  | 9,400 |  |  | 54,900 |
|  | $ | 232,000 |  |  | $ | 62,700 |
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, 2022 |  | December 31, 2021
|  | 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: |  |  |  |  |  |  |  |
2.15% due April 2033 |  | $ | 146,000 |  |  | $ | 915 |  |  | $ | 146,000 |  |  | $ | 1,003 |
2.125% due June 2040, mandatory tender - June 1, 2022 |  | — |  |  | — |  |  | 37,000 |  |  | 45 |
3.00% due June 2040, mandatory tender - June 1, 2024 |  | 37,000 |  |  | 296 |  |  | — |  |  | — |
2.45% due September 2042, mandatory tender - June 1, 2022 |  | — |  |  | — |  |  | 20,000 |  |  | 17 |
0.875% due October 2026 |  | 100,345 |  |  | 550 |  |  | 100,345 |  |  | 697 |
1.05% due January 2038, mandatory tender - June 1, 2022 |  | — |  |  | — |  |  | 36,000 |  |  | 75 |
3.00% due January 2038, mandatory tender - June 1, 2024 |  | 36,000 |  |  | 288 |  |  | — |  |  | — |
1.20% due June 2040, mandatory tender - June 1, 2022 |  | — |  |  | — |  |  | 11,500 |  |  | 24 |
1.10% due June 2040, mandatory tender June 1, 2023 |  | 130,000 |  |  | 178 |  |  | 130,000 |  |  | 535 |
1.15% due June 2040, mandatory tender - June 1, 2024 |  | 125,000 |  |  | 383 |  |  | 125,000 |  |  | 639 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |
3.15% due May 2023 |  | 55,000 |  |  | 29 |  |  | 55,000 |  |  | 106 |
3.45% due May 2025 |  | 104,000 |  |  | 248 |  |  | 104,000 |  |  | 353 |
3.85% due August 2025 |  | 250,000 |  |  | 775 |  |  | 250,000 |  |  | 1,075 |
3.68% due May 2028 |  | 88,000 |  |  | 333 |  |  | 88,000 |  |  | 395 |
3.78% due August 2028 |  | 15,000 |  |  | 59 |  |  | 15,000 |  |  | 69 |
3.93% due May 2033 |  | 38,000 |  |  | 185 |  |  | 38,000 |  |  | 203 |
4.22% due May 2038 |  | 45,000 |  |  | 243 |  |  | 45,000 |  |  | 259 |
4.50% due May 2048 |  | 20,000 |  |  | 119 |  |  | 20,000 |  |  | 124 |
4.60% due August 2048 |  | 85,000 |  |  | 510 |  |  | 85,000 |  |  | 530 |
3.21% due April 2030 |  | 150,000 |  |  | 1,171 |  |  | 150,000 |  |  | 1,331 |
3.57% due April 2039 |  | 50,000 |  |  | 454 |  |  | 50,000 |  |  | 482 |
2.59% due July 2033 |  | 80,000 |  |  | 405 |  |  | 80,000 |  |  | 443 |
3.14% due July 2041 |  | 80,000 |  |  | 427 |  |  | 80,000 |  |  | 450 |
2.29% due December 2031 |  | 50,000 |  |  | 264 |  |  | 50,000 |  |  | 293 |
2.97% due December 2041 |  | 100,000 |  |  | 557 |  |  | 100,000 |  |  | 587 |
PNM 2021 $75.0 Million Term Loan due December 2022 |  | — |  |  | — |  |  | 75,000 |  |  | — |
PNM 2022 225.0 Million Term Loan due February 2024 |  | 225,000 |  |  | 56 |  |  | — |  |  | — |
|  | 2,009,345 |  |  | 8,445 |  |  | 1,890,845 |  |  | 9,735 |
Less current maturities |  | 185,000 |  |  | 207 |  |  | 179,500 |  |  | 161 |
|  | 1,824,345 |  |  | 8,238 |  |  | 1,711,345 |  |  | 9,574 |
|  | December 31, 2022 |  | December 31, 2021
|  | 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 |  |  | (14,488) |  |  | 93,198 |  |  | (15,202) |
4.03% due July 2024 |  | 80,000 |  |  | 158 |  |  | 80,000 |  |  | 264 |
3.53% due February 2026 |  | 60,000 |  |  | 256 |  |  | 60,000 |  |  | 338 |
3.22% due August 2027 |  | 60,000 |  |  | 266 |  |  | 60,000 |  |  | 324 |
3.85% due June 2028 |  | 60,000 |  |  | 344 |  |  | 60,000 |  |  | 406 |
3.79% due March 2034 |  | 75,000 |  |  | 422 |  |  | 75,000 |  |  | 460 |
3.92% due March 2039 |  | 75,000 |  |  | 457 |  |  | 75,000 |  |  | 486 |
4.06% due March 2044 |  | 75,000 |  |  | 479 |  |  | 75,000 |  |  | 501 |
3.60% due July 2029 |  | 80,000 |  |  | 391 |  |  | 80,000 |  |  | 451 |
2.73% due April 2030 |  | 85,000 |  |  | 616 |  |  | 85,000 |  |  | 699 |
3.36% due April 2050 |  | 25,000 |  |  | 226 |  |  | 25,000 |  |  | 235 |
2.93% due July 2035 |  | 25,000 |  |  | 208 |  |  | 25,000 |  |  | 224 |
3.36% due July 2050 |  | 50,000 |  |  | 457 |  |  | 50,000 |  |  | 473 |
2.44% due August 2035 |  | 65,000 |  |  | 454 |  |  | 65,000 |  |  | 489 |
4.13% due May 12, 2052 |  | 65,000 |  |  | 439 |  |  | — |  |  | — |
3.81% due July 28, 2032 |  | 95,000 |  |  | 638 |  |  | — |  |  | — |
|  | 1,068,198 |  |  | (8,677) |  |  | 908,198 |  |  | (9,852) |
Less current maturities |  | — |  |  | — |  |  | — |  |  | — |
|  | 1,068,198 |  |  | (8,677) |  |  | 908,198 |  |  | (9,852) |
PNMR Debt |  |
PNMR 2021 Delayed-Draw Term Loan due May 2025 |  | 1,000,000 |  |  | 388 |  |  | 900,000 |  |  | 241 |
|  | 1,000,000 |  |  | 388 |  |  | 900,000 |  |  | 241 |
Less current maturities |  | — |  |  | — |  |  | — |  |  | — |
|  | 1,000,000 |  |  | 388 |  |  | 900,000 |  |  | 241 |
Total Consolidated PNMR Debt |  | 4,077,543 |  |  | 156 |  |  | 3,699,043 |  |  | 124 |
Less current maturities |  | 185,000 |  |  | 207 |  |  | 179,500 |  |  | 161 |
|  | $ | 3,892,543 |  |  | $ | (51) |  |  | $ | 3,519,543 |  |  | $ | (37) |
Schedule of Maturities of Long-term Debt | Reflecting mandatory tender dates, long-term debt maturities as of December 31, 2022, are follows:
| PNMR |  | PNM |  | TNMP |  | PNMR Consolidated
| (In thousands)
2023 | $ | — |  |  | $ | 185,000 |  |  | $ | — |  |  | $ | 185,000 |
2024 | — |  |  | 423,000 |  |  | 80,000 |  |  | 503,000 |
2025 | 1,000,000 |  |  | 354,000 |  |  | — |  |  | 1,354,000 |
2026 | — |  |  | 100,345 |  |  | 60,000 |  |  | 160,345 |
2027 | — |  |  | — |  |  | 60,000 |  |  | 60,000 |
Thereafter | — |  |  | 947,000 |  |  | 868,198 |  |  | 1,815,198 |
Total | $ | 1,000,000 |  |  | $ | 2,009,345 |  |  | $ | 1,068,198 |  |  | $ | 4,077,543 |

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