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Financing (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value
PNMR has entered into hedging agreements that establish a fixed rate for the indicated amount of variable rate debt, above which a customary spread is applied, which is subject to change if there is a change in PNMR's credit rating. As of June 30, 2023, PNMR's hedging agreements are as follows:

Variable Rate Established
Effective DateMaturity DateDebt HedgedFixed Rate
(In millions)(Percent)
March 17, 2023September 30, 2023$150.0 4.57 %
October 31, 2022December 31, 2023100.0 4.65 
October 31, 2022December 31, 2023100.0 4.66 
September 30, 2022December 31, 2023100.0 4.17 
September 30, 2022December 31, 2023100.0 4.18 
May 20, 2022December 31, 2023100.0 2.52 
May 2, 2022December 31, 2023150.0 2.65 
May 2, 2022December 31, 2023200.0 2.65 
January 1, 2024December 31, 2024100.0 3.32 
January 1, 2024December 31, 2024100.0 3.32 
January 1, 2024December 31, 2024100.0 3.38 
January 1, 2024December 31, 2024150.0 3.62 
January 1, 2024December 31, 2024150.0 3.57 
Schedule of Short-term Debt
Short-term debt outstanding consists of:
June 30,December 31,
Short-term Debt20232022
(In thousands)
PNM:
PNM Revolving Credit Facility$111,600 $145,900 
PNM New Mexico Credit Facility20,000 40,000 
131,600 185,900 
TNMP Revolving Credit Facility37,100 36,700 
PNMR Revolving Credit Facility157,800 9,400 
$326,500 $232,000