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Condensed Consolidated Balance Sheets - PNM - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 3,235 $ 2,215
Accounts receivable, net of allowance for credit losses of $3,032 and $3,388 121,757 126,291
Unbilled revenues 76,793 64,072
Other receivables 103,721 76,509
Materials, supplies, and fuel stock 115,144 98,034
Regulatory assets 59,397 73,046
Prepaid assets 30,278 19,759
Income taxes receivable 5,741 6,697
Other current assets 21,588 8,920
Total current assets 537,654 475,543
Other Property and Investments:    
Investment securities 441,230 444,408
Other investments 229 171
Non-utility property, net 27,116 29,367
Total other property and investments 468,575 593,516
Utility Plant:    
Plant in service, held for future use, and to be abandoned 10,028,222 9,701,180
Less accumulated depreciation and amortization 2,855,197 2,755,823
Net plant in service and plant held for future use 7,173,025 6,945,357
Construction work in progress 727,130 589,834
Nuclear fuel, net of accumulated amortization of $31,652 and $35,840 74,782 74,671
Net utility plant 7,974,937 7,609,862
Deferred Charges and Other Assets:    
Regulatory assets 929,893 914,381
Goodwill 278,297 278,297
Operating lease right-of-use assets, net of accumulated amortization 177,285 182,201
Other deferred charges 216,769 198,805
Total deferred charges and other assets 1,602,244 1,573,684
Total assets 10,583,410 10,252,605
Current Liabilities:    
Short-term debt 326,400 261,900
Current installments of long-term debt (includes $5,935 and $2,529 related to ETBC I) 240,770 280,169
Accounts payable 140,304 205,175
Customer deposits 6,454 6,237
Accrued interest and taxes 90,763 98,655
Regulatory liabilities 76,131 140,005
Operating lease liabilities 10,834 12,267
Dividends declared 132 35,085
Transmission interconnection arrangement liabilities 132,505 96,870
Other current liabilities 114,344 94,397
Total current liabilities 1,138,637 1,230,760
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $335,172 and $338,521 related to ETBC I) 4,596,994 4,241,642
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 854,174 845,280
Regulatory liabilities 776,424 771,317
Asset retirement obligations 247,653 245,531
Accrued pension liability and postretirement benefit cost 16,168 21,429
Operating lease liabilities 159,592 167,000
Other deferred credits 330,559 319,066
Total deferred credits and other liabilities 2,384,570 2,369,623
Total liabilities 8,120,201 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) 1,625,251 1,624,823
Accumulated other comprehensive income (loss), net of income taxes (69,900) (62,840)
Retained earnings 847,397 787,110
Total PNM common stockholder’s equity 2,402,748 2,349,093
Non-controlling interest in Valencia 48,932 49,958
Total equity 2,451,680 2,399,051
Total liabilities and stockholders' equity 10,583,410 10,252,605
PNM    
Current Assets:    
Cash and cash equivalents 19 858
Accounts receivable, net of allowance for credit losses of $3,032 and $3,388 82,403 94,879
Unbilled revenues 60,123 46,925
Materials, supplies, and fuel stock 92,243 81,572
Regulatory assets 49,791 72,996
Prepaid assets 19,415 9,941
Income taxes receivable 6,391 7,682
Other current assets 16,404 1,756
Total current assets 436,272 377,837
Other Property and Investments:    
Investment securities 441,230 444,408
Other investments 127 69
Non-utility property, net 11,831 13,538
Total other property and investments 453,188 458,015
Utility Plant:    
Plant in service, held for future use, and to be abandoned 6,364,995 6,151,510
Less accumulated depreciation and amortization 2,038,251 1,976,657
Net plant in service and plant held for future use 4,326,744 4,174,853
Construction work in progress 509,898 490,178
Nuclear fuel, net of accumulated amortization of $31,652 and $35,840 74,782 74,671
Net utility plant 4,911,424 4,739,702
Deferred Charges and Other Assets:    
Regulatory assets 852,057 838,727
Goodwill 51,632 51,632
Operating lease right-of-use assets, net of accumulated amortization 175,363 180,370
Other deferred charges 180,215 166,782
Total deferred charges and other assets 1,259,267 1,237,511
Total assets 7,060,151 6,813,065
Current Liabilities:    
Short-term debt 70,600 137,500
Current installments of long-term debt (includes $5,935 and $2,529 related to ETBC I) 109,844 200,222
Customer deposits 6,454 6,237
Accrued interest and taxes 50,666 41,337
Regulatory liabilities 75,443 134,846
Operating lease liabilities 9,963 11,371
Dividends declared 132 132
Transmission interconnection arrangement liabilities 132,505 96,870
Other current liabilities 88,015 52,587
Total current liabilities 668,281 839,194
Long-term Debt, net of Unamortized Premiums, Discounts, and Debt Issuance Costs (includes $335,172 and $338,521 related to ETBC I) 2,351,460 2,061,558
Deferred Credits and Other Liabilities:    
Accumulated deferred income taxes 707,479 684,037
Regulatory liabilities 554,517 565,021
Asset retirement obligations 246,717 244,633
Accrued pension liability and postretirement benefit cost 14,965 19,949
Operating lease liabilities 158,609 166,191
Other deferred credits 227,135 220,178
Total deferred credits and other liabilities 1,909,422 1,900,009
Total liabilities 4,929,163 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) 1,602,918 1,547,918
Accumulated other comprehensive income (loss), net of income taxes (74,502) (66,505)
Retained earnings 542,111 469,404
Total PNM common stockholder’s equity 2,070,527 1,950,817
Non-controlling interest in Valencia 48,932 49,958
Total equity 2,119,459 2,000,775
Total liabilities and stockholders' equity 7,060,151 6,813,065
PNM | Nonrelated Party    
Current Assets:    
Other receivables 98,441 51,975
Current Liabilities:    
Accounts payable 102,102 141,704
PNM | Related Party    
Current Assets:    
Other receivables 11,042 9,253
Current Liabilities:    
Accounts payable $ 22,557 $ 16,388