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Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Electric Operating Revenues $ 2,249,555 $ 1,779,873 $ 1,523,012
Operating Expenses:      
Administrative and general 227,149 230,292 216,334
Regulatory disallowances and restructuring costs 832 1,194 1,098
Depreciation and amortization 304,853 284,107 275,612
Transmission and distribution costs 94,684 81,335 77,943
Taxes other than income taxes 92,989 86,008 81,526
Total operating expenses 1,855,795 1,471,720 1,237,731
Operating income 393,760 308,153 285,281
Other Income and Deductions:      
Interest income 16,095 14,662 14,223
Gains (losses) on investment securities (78,357) 16,850 21,599
Other income 21,601 20,200 19,973
Other (deductions) (13,881) (18,559) (18,732)
Net other income and (deductions) (54,542) 33,153 37,063
Interest Charges 127,908 96,877 114,392
Earnings before Income Taxes 211,310 244,429 207,952
Income Taxes 26,130 32,582 20,636
Net Earnings 185,180 211,847 187,316
(Earnings) Attributable to Valencia Non-controlling Interest (15,122) (15,490) (14,013)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 169,530 195,829 172,775
Public Service Company of New Mexico      
Electric Operating Revenues 1,766,825 1,362,020 1,139,834
Operating Expenses:      
Administrative and general 204,846 196,719 180,113
Regulatory disallowances and restructuring costs 832 1,194 1,098
Depreciation and amortization 180,812 170,365 165,325
Transmission and distribution costs 58,278 49,846 49,534
Taxes other than income taxes 49,210 46,682 45,723
Total operating expenses 1,505,338 1,140,523 924,937
Operating income 261,487 221,497 214,897
Other Income and Deductions:      
Interest income 14,816 14,605 14,469
Gains (losses) on investment securities (78,357) 16,850 21,599
Other income 10,763 11,390 9,800
Other (deductions) (9,418) (14,431) (14,279)
Net other income and (deductions) (62,196) 28,414 31,589
Interest Charges 61,073 51,360 64,615
Earnings before Income Taxes 138,218 198,551 181,871
Income Taxes 19,198 26,992 21,857
Net Earnings 119,020 171,559 160,014
(Earnings) Attributable to Valencia Non-controlling Interest (15,122) (15,490) (14,013)
Net earnings 103,898 156,069 146,001
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 103,370 155,541 145,473
Electricity      
Electric Operating Revenues 2,249,555 1,779,873 1,523,012
Operating Expenses:      
Cost of energy and production costs 987,941 644,853 447,241
Electricity | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs 864,013 531,786 345,167
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs 147,347 143,931 137,977
Electricity, Generation | Public Service Company of New Mexico      
Operating Expenses:      
Cost of energy and production costs $ 147,347 $ 143,931 $ 137,977