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Financing (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023, PNMR’s hedging agreements are as follows:
|  |  |  | Variable Rate |  | Established
Effective Date |  | Maturity Date |  | Debt Hedged |  | Fixed Rate
|  |  |  | (In millions) |  | (Percent)
March 17, 2023 |  | September 30, 2023 |  | $ | 150.0 |  |  | 4.57 | %
October 31, 2022 |  | December 31, 2023 |  | 100.0 |  |  | 4.65 |
October 31, 2022 |  | December 31, 2023 |  | 100.0 |  |  | 4.66 |
September 30, 2022 |  | December 31, 2023 |  | 100.0 |  |  | 4.17 |
September 30, 2022 |  | December 31, 2023 |  | 100.0 |  |  | 4.18 |
May 20, 2022 |  | December 31, 2023 |  | 100.0 |  |  | 2.52 |
May 2, 2022 |  | December 31, 2023 |  | 150.0 |  |  | 2.65 |
May 2, 2022 |  | December 31, 2023 |  | 200.0 |  |  | 2.65 |
January 1, 2024 |  | December 31, 2024 |  | 100.0 |  |  | 3.32 |
January 1, 2024 |  | December 31, 2024 |  | 100.0 |  |  | 3.32 |
January 1, 2024 |  | December 31, 2024 |  | 100.0 |  |  | 3.38 |
January 1, 2024 |  | December 31, 2024 |  | 150.0 |  |  | 3.62 |
January 1, 2024 |  | December 31, 2024 |  | 150.0 |  |  | 3.57 |
Schedule of Short-term Debt | Short-term debt outstanding consists of:
| September 30, 2023 |  | December 31, 2022
| Balance Outstanding |  | Weighted Average Interest Rate |  | Balance Outstanding |  | Weighted Average Interest Rate
| (In thousands) |  |  |  | (In thousands) |  |
PNM: |  |  |  |  |  |  |
PNM Revolving Credit Facility | $ | 126,900 |  |  | 6.68% |  | $ | 145,900 |  |  | 5.67%
PNM New Mexico Credit Facility | 40,000 |  |  | 6.67 |  | 40,000 |  |  | 5.68
| 166,900 |  |  |  |  | 185,900 |  |  |
TNMP Revolving Credit Facility | 39,800 |  |  | 6.29 |  | 36,700 |  |  | 5.29
PNMR Revolving Credit Facility | 198,800 |  |  | 6.92 |  | 9,400 |  |  | 5.90
| $ | 405,500 |  |  |  |  | $ | 232,000 |  |  |

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- Definition Tabular disclosure of derivative liabilities at fair value. + References No definition available. + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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