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v3.23.3

Pension and Other Postretirement Benefit Plans (Tables) | 9 Months Ended
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Sep. 30, 2023
Retirement Benefits [Abstract] |
Schedule of Net Benefit Costs | The following table presents the components of the PNM Plans’ net periodic benefit cost:
| Three Months Ended September 30,
| Pension Plan |  | OPEB Plan |  | Executive Retirement Program
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
Interest cost | 5,913 |  |  | 4,215 |  |  | 675 |  |  | 479 |  |  | 135 |  |  | 90 |
Expected return on plan assets | (7,299) |  |  | (7,140) |  |  | (1,242) |  |  | (1,088) |  |  | — |  |  | — |
Amortization of net loss | 2,646 |  |  | 3,948 |  |  | — |  |  | — |  |  | 38 |  |  | 81 |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Periodic Benefit Cost (Income) | $ | 1,260 |  |  | $ | 1,023 |  |  | $ | (567) |  |  | $ | (607) |  |  | $ | 173 |  |  | $ | 171 |
| Nine Months Ended September 30,
| Pension Plan |  | OPEB Plan |  | Executive Retirement Program
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |
Interest cost | 17,740 |  |  | 12,643 |  |  | 2,027 |  |  | 1,437 |  |  | 405 |  |  | 270 |
Expected return on plan assets | (21,897) |  |  | (21,422) |  |  | (3,727) |  |  | (3,264) |  |  | — |  |  | — |
Amortization of net loss | 7,937 |  |  | 11,846 |  |  | — |  |  | — |  |  | 114 |  |  | 245 |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Periodic Benefit Cost (Income) | $ | 3,780 |  |  | $ | 3,067 |  |  | $ | (1,700) |  |  | $ | (1,821) |  |  | $ | 519 |  |  | $ | 515 |
The following table presents the components of the TNMP Plans’ net periodic benefit cost:
| Three Months Ended September 30,
| Pension Plan |  | OPEB Plan |  | Executive Retirement Program
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |
Interest cost | 601 |  |  | 430 |  |  | 106 |  |  | 77 |  |  | 3 |  |  | 2 |
Expected return on plan assets | (674) |  |  | (618) |  |  | (120) |  |  | (104) |  |  | — |  |  | — |
Amortization of net (gain) loss | 110 |  |  | 233 |  |  | (190) |  |  | (130) |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Periodic Benefit Cost (Income) | $ | 37 |  |  | $ | 45 |  |  | $ | (199) |  |  | $ | (148) |  |  | $ | 3 |  |  | $ | 2 |
| Nine Months Ended September 30,
| Pension Plan |  | OPEB Plan |  | Executive Retirement Program
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Components of Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | — |  |  | $ | — |  |  | $ | 16 |  |  | $ | 27 |  |  | $ | — |  |  | $ | — |
Interest cost | 1,802 |  |  | 1,290 |  |  | 319 |  |  | 231 |  |  | 9 |  |  | 8 |
Expected return on plan assets | (2,023) |  |  | (1,854) |  |  | (361) |  |  | (312) |  |  | — |  |  | — |
Amortization of net (gain) loss | 329 |  |  | 699 |  |  | (570) |  |  | (390) |  |  | — |  |  | — |
Amortization of prior service cost | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Periodic Benefit Cost (Income) | $ | 108 |  |  | $ | 135 |  |  | $ | (596) |  |  | $ | (444) |  |  | $ | 9 |  |  | $ | 8 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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