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Condensed Consolidated Balance Sheets - TNMP - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 2,988 $ 2,215
Accounts receivable 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
Total current assets 407,843 475,543
Other Property and Investments:    
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
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
Accrued interest and taxes 88,302 98,655
Regulatory liabilities 108,429 140,005
Operating lease liabilities 11,811 12,267
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)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 1,623,991 1,624,823
Retained earnings 799,348 787,110
Total PNM common stockholder’s equity 2,355,731 2,349,093
Total liabilities and stockholders' equity 10,257,653 10,252,605
Texas-New Mexico Power Company    
Current Assets:    
Cash and cash equivalents 0 0
Accounts receivable 29,565 31,412
Unbilled revenues 12,050 17,147
Other receivables 7,749 26,983
Materials, supplies, and fuel stock 19,307 16,462
Regulatory assets 0 50
Prepaid and other current assets 1,517 2,705
Total current assets 70,188 94,759
Other Property and Investments:    
Other investments 102 102
Non-utility property, net 14,470 14,746
Total other property and investments 14,572 14,848
Utility Plant:    
Plant in service, held for future use, and to be abandoned 3,252,448 3,210,870
Less accumulated depreciation and amortization 596,669 582,140
Net plant in service and plant held for future use 2,655,779 2,628,730
Construction work in progress 149,793 91,274
Net utility plant 2,805,572 2,720,004
Deferred Charges and Other Assets:    
Regulatory assets 75,632 75,654
Goodwill 226,665 226,665
Operating lease right-of-use assets, net of accumulated amortization 1,615 1,814
Other deferred charges 10,692 11,287
Total deferred charges and other assets 314,604 315,420
Assets 3,204,936 3,145,031
Current Liabilities:    
Short-term debt 18,300 55,100
Current installments of long-term debt (includes $5,935 and $2,529 related to ETBC I) 79,974 79,947
Accrued interest and taxes 38,505 57,558
Regulatory liabilities 2,739 5,159
Operating lease liabilities 887 895
Other current liabilities 9,158 12,084
Total current liabilities 185,047 269,295
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $335,137 and $338,521 related to ETBC I) 1,297,281 1,180,933
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 182,628 178,748
Regulatory liabilities 214,910 206,296
Asset retirement obligations 917 898
Accrued pension liability and postretirement benefit cost 1,333 1,480
Operating lease liabilities 643 809
Other deferred credits 69,933 68,911
Total deferred credits and liabilities 470,364 457,142
Total liabilities 1,952,692 1,907,370
Commitments and Contingencies (Note 11)
PNM common stockholder’s equity:    
Common stock ($10 par value; 12,000,000 shares authorized; issued and outstanding 6,358 shares) 64 64
Paid-in-capital 846,066 846,066
Retained earnings 406,114 391,531
Total PNM common stockholder’s equity 1,252,244 1,237,661
Total liabilities and stockholders' equity 3,204,936 3,145,031
Texas-New Mexico Power Company | Nonrelated Party    
Current Liabilities:    
Accounts payable 31,318 51,620
Texas-New Mexico Power Company | Related Party    
Current Liabilities:    
Accounts payable $ 4,166 $ 6,932