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Consolidated Statements of Earnings - PNM - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Electric Operating Revenues $ 1,939,198 $ 2,249,555 $ 1,779,873
Operating Expenses:      
Administrative and general 227,900 227,149 230,292
Regulatory disallowances and restructuring costs 71,923 832 1,194
Depreciation and amortization 319,503 304,853 284,107
Transmission and distribution costs 98,721 94,684 81,335
Taxes other than income taxes 95,940 92,989 86,008
Total operating expenses 1,707,858 1,855,795 1,471,720
Operating income 231,340 393,760 308,153
Other Income and Deductions:      
Interest income 21,963 16,095 14,662
Gains (losses) on investment securities 19,246 (78,357) 16,850
Other income 24,204 21,601 20,200
Other (deductions) (15,869) (13,881) (18,559)
Net other income and (deductions) 49,544 (54,542) 33,153
Interest Charges 190,355 127,908 96,877
Earnings before Income Taxes 90,529 211,310 244,429
Income Taxes (Benefits) (16,350) 26,130 32,582
Net Earnings 106,879 185,180 211,847
(Earnings) Attributable to Valencia Non-controlling Interest (18,533) (15,122) (15,490)
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 87,818 169,530 195,829
PNM      
Electric Operating Revenues 1,403,948 1,766,825 1,362,020
Operating Expenses:      
Administrative and general 206,650 204,846 196,719
Regulatory disallowances and restructuring costs 70,750 832 1,194
Depreciation and amortization 177,633 180,812 170,365
Transmission and distribution costs 61,725 58,278 49,846
Taxes other than income taxes 48,790 49,210 46,682
Total operating expenses 1,320,772 1,505,338 1,140,523
Operating income 83,176 261,487 221,497
Other Income and Deductions:      
Interest income 21,355 14,816 14,605
Gains (losses) on investment securities 19,246 (78,357) 16,850
Other income 11,638 10,763 11,390
Other (deductions) (10,881) (9,418) (14,431)
Net other income and (deductions) 41,358 (62,196) 28,414
Interest Charges 86,574 61,073 51,360
Earnings before Income Taxes 37,960 138,218 198,551
Income Taxes (Benefits) (16,758) 19,198 26,992
Net Earnings 54,718 119,020 171,559
(Earnings) Attributable to Valencia Non-controlling Interest (18,533) (15,122) (15,490)
Net earnings 36,185 103,898 156,069
Preferred Stock Dividends Requirements (528) (528) (528)
Net Earnings Attributable to PNMR 35,657 103,370 155,541
Electricity      
Electric Operating Revenues 1,939,198 2,249,555 1,779,873
Operating Expenses:      
Cost of energy and production costs 802,261 987,941 644,853
Electricity | PNM      
Operating Expenses:      
Cost of energy and production costs 663,614 864,013 531,786
Electricity, Generation      
Operating Expenses:      
Cost of energy and production costs 91,610 147,347 143,931
Electricity, Generation | PNM      
Operating Expenses:      
Cost of energy and production costs $ 91,610 $ 147,347 $ 143,931