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Condensed Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 4,132 $ 4,078
Accounts receivable, net of allowance for credit losses of $4,884 and $4,925 129,250 183,669
Unbilled revenues 52,107 63,473
Other receivables 22,004 20,320
Materials, supplies, and fuel stock 64,290 66,733
Regulatory assets 44,740 20,265
Prepaid assets 21,900 18,465
Income taxes receivable 2,147 2,351
Other current assets 11,329 31,624
Total current assets 351,899 410,978
Other Property and Investments:    
Investment securities 431,328 417,476
Other investments 176 177
Non-utility property, net 28,824 26,841
Total other property and investments 562,503 535,114
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,120,465 9,164,564
Less accumulated depreciation and amortization 2,679,655 2,659,952
Net plant in service and plant held for future use 6,440,810 6,504,612
Construction work in progress 491,565 372,988
Nuclear fuel, net of accumulated amortization of $38,626 and $43,985 77,214 95,223
Net utility plant 7,009,589 6,972,823
Deferred Charges and Other Assets:    
Regulatory assets 933,713 846,686
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 52,675 55,982
Other deferred charges 164,460 157,497
Total deferred charges and other assets 1,429,145 1,338,462
Assets 9,353,136 9,257,377
Current Liabilities:    
Short-term debt 409,400 232,000
Current installments of long-term debt 409,901 184,793
Accounts payable 122,254 215,708
Customer deposits 6,317 6,117
Accrued interest and taxes 72,065 76,783
Regulatory liabilities 13,668 17,002
Operating lease liabilities 10,425 18,781
Dividends declared 31,676 31,676
Transmission interconnection arrangement liabilities 23,481 20,473
Other current liabilities 96,278 87,037
Total current liabilities 1,195,465 890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,668,079 3,892,594
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 838,995 822,831
Regulatory liabilities 756,561 755,202
Asset retirement obligations 225,017 223,377
Accrued pension liability and postretirement benefit cost 31,052 32,799
Operating lease liabilities 40,238 41,336
Other deferred credits 321,398 342,413
Total deferred credits and liabilities 2,213,261 2,217,958
Total liabilities 7,076,805 7,000,922
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) 1,424,198 1,429,102
Accumulated other comprehensive income (loss), net of income taxes (64,354) (66,048)
Retained earnings 852,347 828,878
Total PNM common stockholder’s equity 2,212,191 2,191,932
Non-controlling interest in Valencia 52,611 52,994
Total equity 2,264,802 2,244,926
Total liabilities and stockholders' equity 9,353,136 9,257,377
PNM    
Current Assets:    
Cash and cash equivalents 3,081 2,985
Accounts receivable, net of allowance for credit losses of $4,884 and $4,925 101,604 151,386
Unbilled revenues 40,155 45,282
Other receivables 20,732 13,877
Affiliate receivables 9,532 8,868
Materials, supplies, and fuel stock 52,974 55,890
Regulatory assets 43,468 18,333
Prepaid assets 13,649 10,085
Income taxes receivable 18,233 18,233
Other current assets 3,035 20,706
Total current assets 306,463 345,645
Other Property and Investments:    
Investment securities 431,328 417,476
Other investments 74 76
Non-utility property, net 13,416 11,695
Total other property and investments 444,818 429,247
Utility Plant:    
Plant in service, held for future use, and to be abandoned 5,913,166 6,007,464
Less accumulated depreciation and amortization 1,902,675 1,908,644
Net plant in service and plant held for future use 4,010,491 4,098,820
Construction work in progress 372,874 300,772
Nuclear fuel, net of accumulated amortization of $38,626 and $43,985 77,214 95,223
Net utility plant 4,460,579 4,494,815
Deferred Charges and Other Assets:    
Regulatory assets 850,860 763,941
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 49,732 52,556
Other deferred charges 142,312 134,330
Total deferred charges and other assets 1,094,536 1,002,459
Assets 6,306,396 6,272,166
Current Liabilities:    
Short-term debt 210,900 185,900
Current installments of long-term debt 409,901 184,793
Accounts payable 95,374 163,522
Affiliate payables 10,837 14,919
Customer deposits 6,317 6,117
Accrued interest and taxes 47,567 35,797
Regulatory liabilities 4,024 7,913
Operating lease liabilities 9,191 17,239
Dividends declared 132 132
Transmission interconnection arrangement liabilities 23,481 20,473
Other current liabilities 75,006 55,350
Total current liabilities 892,730 692,155
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,591,556 1,816,107
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 699,783 682,040
Regulatory liabilities 557,564 556,989
Asset retirement obligations 224,172 222,549
Accrued pension liability and postretirement benefit cost 30,344 32,007
Operating lease liabilities 38,759 39,633
Other deferred credits 241,964 258,833
Total deferred credits and liabilities 1,792,586 1,792,051
Total liabilities 4,276,872 4,300,313
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 (70,857) (74,335)
Retained earnings 488,323 433,747
Total PNM common stockholder’s equity 1,965,384 1,907,330
Non-controlling interest in Valencia 52,611 52,994
Total equity 2,017,995 1,960,324
Total liabilities and stockholders' equity $ 6,306,396 $ 6,272,166