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Condensed Consolidated Balance Sheets - TNMP - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 7,640 $ 4,078
Accounts receivable 121,113 183,669
Unbilled revenues 67,504 63,473
Other receivables 31,233 20,320
Materials, supplies, and fuel stock 81,017 66,733
Regulatory assets 59,999 20,265
Total current assets 404,637 410,978
Other Property and Investments:    
Other investments 175 177
Non-utility property, net 29,064 26,841
Total other property and investments 568,861 535,114
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,223,619 9,164,564
Less accumulated depreciation and amortization 2,680,094 2,659,952
Net plant in service and plant held for future use 6,543,525 6,504,612
Construction work in progress 593,995 372,988
Net utility plant 7,215,199 6,972,823
Deferred Charges and Other Assets:    
Regulatory assets 932,294 846,686
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 50,104 55,982
Other deferred charges 177,578 157,497
Total deferred charges and other assets 1,438,273 1,338,462
Assets 9,626,970 9,257,377
Current Liabilities:    
Short-term debt 326,500 232,000
Accounts payable 147,593 215,708
Accrued interest and taxes 69,307 76,783
Regulatory liabilities 3,226 17,002
Operating lease liabilities 8,825 18,781
Other current liabilities 95,564 87,037
Total current liabilities 1,108,239 890,370
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 3,927,625 3,892,594
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 861,445 822,831
Regulatory liabilities 766,343 755,202
Asset retirement obligations 227,592 223,377
Accrued pension liability and postretirement benefit cost 29,487 32,799
Operating lease liabilities 34,658 41,336
Other deferred credits 346,456 342,413
Total deferred credits and liabilities 2,265,981 2,217,958
Total liabilities 7,301,845 7,000,922
Commitments and Contingencies (Note 11)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 1,423,827 1,429,102
Retained earnings 897,651 828,878
Total PNM common stockholder’s equity 2,262,243 2,191,932
Total liabilities and stockholders' equity 9,626,970 9,257,377
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 0 0
Accounts receivable 31,296 32,283
Unbilled revenues 17,119 18,191
Other receivables 4,922 8,552
Materials, supplies, and fuel stock 13,792 10,843
Regulatory assets 2,161 1,932
Prepaid and other current assets 4,184 2,346
Total current assets 73,474 74,147
Other Property and Investments:    
Other investments 102 101
Non-utility property, net 13,619 14,010
Total other property and investments 13,721 14,111
Utility Plant:    
Plant in service, held for future use, and to be abandoned 2,920,261 2,853,130
Less accumulated depreciation and amortization 570,974 578,157
Net plant in service and plant held for future use 2,349,287 2,274,973
Construction work in progress 163,836 63,820
Net utility plant 2,513,123 2,338,793
Deferred Charges and Other Assets:    
Regulatory assets 80,780 82,745
Goodwill 226,665 226,665
Operating lease right-of-use assets, net of accumulated amortization 2,456 3,426
Other deferred charges 5,987 6,714
Total deferred charges and other assets 315,888 319,550
Assets 2,916,206 2,746,601
Current Liabilities:    
Short-term debt 37,100 36,700
Accrued interest and taxes 47,730 54,672
Regulatory liabilities 0 9,089
Operating lease liabilities 1,030 1,543
Other current liabilities 8,359 6,336
Total current liabilities 128,442 148,765
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs 1,206,160 1,076,875
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 172,212 164,637
Regulatory liabilities 210,745 198,213
Asset retirement obligations 863 828
Accrued pension liability and postretirement benefit cost 627 792
Operating lease liabilities 1,237 1,703
Other deferred credits 59,431 52,964
Total deferred credits and liabilities 445,115 419,137
Total liabilities 1,779,717 1,644,777
Commitments and Contingencies (Note 11)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 64 64
Paid-in-capital 805,166 805,166
Retained earnings 331,259 296,594
Total PNM common stockholder’s equity 1,136,489 1,101,824
Total liabilities and stockholders' equity 2,916,206 2,746,601
Texas-New Mexico Power Company | Nonrelated Party    
Current Liabilities:    
Accounts payable 23,880 34,152
Texas-New Mexico Power Company | Related Party    
Current Liabilities:    
Accounts payable $ 10,343 $ 6,273