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Condensed Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 2,988 $ 2,215
Accounts receivable, net of allowance for credit losses 105,002 126,291
Unbilled revenues 55,142 64,072
Other receivables 39,808 76,509
Materials, supplies, and fuel stock 104,491 98,034
Regulatory assets 61,453 73,046
Prepaid assets 16,792 19,759
Income taxes receivable 6,168 6,697
Other current assets 15,999 8,920
Total current assets 407,843 475,543
Other Property and Investments:    
Investment securities 448,164 444,408
Other investments 193 171
Non-utility property, net 28,023 29,367
Total other property and investments 476,380 593,516
Utility Plant:    
Plant in service, held for future use, and to be abandoned 9,807,524 9,701,180
Less accumulated depreciation and amortization 2,812,846 2,755,823
Net plant in service and plant held for future use 6,994,678 6,945,357
Construction work in progress 693,502 589,834
Nuclear fuel, net of accumulated amortization of $39,681 and $35,840 72,190 74,671
Net utility plant 7,760,370 7,609,862
Deferred Charges and Other Assets:    
Regulatory assets 930,752 914,381
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 179,480 182,201
Other deferred charges 224,531 198,805
Total deferred charges and other assets 1,613,060 1,573,684
Assets 10,257,653 10,252,605
Current Liabilities:    
Short-term debt 244,500 261,900
Current installments of long-term debt (includes $5,935 and $2,529 related to ETBC I) 283,776 280,169
Accounts payable 133,470 205,175
Customer deposits 6,256 6,237
Accrued interest and taxes 88,302 98,655
Regulatory liabilities 108,429 140,005
Operating lease liabilities 11,811 12,267
Dividends declared 35,085 35,085
Transmission interconnection arrangement liabilities 124,248 96,870
Other current liabilities 71,251 94,397
Total current liabilities 1,107,128 1,230,760
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $335,137 and $338,521 related to ETBC I) 4,355,049 4,241,642
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 835,835 845,280
Regulatory liabilities 777,752 771,317
Asset retirement obligations 246,908 245,531
Accrued pension liability and postretirement benefit cost 18,700 21,429
Operating lease liabilities 165,842 167,000
Other deferred credits 334,180 319,066
Total deferred credits and liabilities 2,379,217 2,369,623
Total liabilities 7,841,394 7,842,025
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,623,991 1,624,823
Accumulated other comprehensive income (loss), net of income taxes (67,608) (62,840)
Retained earnings 799,348 787,110
Total PNM common stockholder’s equity 2,355,731 2,349,093
Non-controlling interest in Valencia 48,999 49,958
Total equity 2,404,730 2,399,051
Total liabilities and stockholders' equity 10,257,653 10,252,605
PNM    
Current Assets:    
Cash and cash equivalents 1,825 858
Accounts receivable, net of allowance for credit losses 75,437 94,879
Unbilled revenues 43,092 46,925
Materials, supplies, and fuel stock 85,184 81,572
Regulatory assets 61,453 72,996
Prepaid assets 8,957 9,941
Income taxes receivable 7,900 7,682
Other current assets 8,492 1,756
Total current assets 335,426 377,837
Other Property and Investments:    
Investment securities 448,164 444,408
Other investments 91 69
Non-utility property, net 12,382 13,538
Total other property and investments 460,637 458,015
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,210,692 6,151,510
Less accumulated depreciation and amortization 2,009,722 1,976,657
Net plant in service and plant held for future use 4,200,970 4,174,853
Construction work in progress 537,488 490,178
Nuclear fuel, net of accumulated amortization of $39,681 and $35,840 72,190 74,671
Net utility plant 4,810,648 4,739,702
Deferred Charges and Other Assets:    
Regulatory assets 855,120 838,727
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 177,865 180,370
Other deferred charges 187,247 166,782
Total deferred charges and other assets 1,271,864 1,237,511
Assets 6,878,575 6,813,065
Current Liabilities:    
Short-term debt 186,200 137,500
Current installments of long-term debt (includes $5,935 and $2,529 related to ETBC I) 203,802 200,222
Customer deposits 6,256 6,237
Accrued interest and taxes 61,342 41,337
Regulatory liabilities 105,690 134,846
Operating lease liabilities 10,925 11,371
Dividends declared 132 132
Transmission interconnection arrangement liabilities 124,248 96,870
Other current liabilities 45,672 52,587
Total current liabilities 855,327 839,194
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $335,137 and $338,521 related to ETBC I) 2,058,523 2,061,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 692,069 684,037
Regulatory liabilities 562,842 565,021
Asset retirement obligations 245,991 244,633
Accrued pension liability and postretirement benefit cost 17,367 19,949
Operating lease liabilities 165,199 166,191
Other deferred credits 234,858 220,178
Total deferred credits and liabilities 1,918,326 1,900,009
Total liabilities 4,832,176 4,800,761
Commitments and Contingencies (Note 11)
Cumulative Preferred Stock without mandatory redemption requirements ($100 stated value; 10,000,000 shares authorized; issued and outstanding 115,293 shares) 11,529 11,529
PNM common stockholder’s equity:    
Common stock (no par value; 40,000,000 shares authorized; issued and outstanding 39,117,799 shares) 1,547,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (73,371) (66,505)
Retained earnings 511,324 469,404
Total PNM common stockholder’s equity 1,985,871 1,950,817
Non-controlling interest in Valencia 48,999 49,958
Total equity 2,034,870 2,000,775
Total liabilities and stockholders' equity 6,878,575 6,813,065
PNM | Nonrelated Party    
Current Assets:    
Other receivables 33,849 51,975
Current Liabilities:    
Short-term debt 186,200 137,500
Accounts payable 97,603 141,704
PNM | Related Party    
Current Assets:    
Other receivables 9,237 9,253
Current Liabilities:    
Short-term debt 2,300 0
Accounts payable $ 11,157 $ 16,388