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Related Party Transactions
 6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
PNMR, PNM, TNMP, and NMRD are considered related parties, as is PNMR Services Company, a wholly-owned subsidiary of PNMR that provides corporate services to PNMR and its subsidiaries in accordance with shared services agreements. These services are billed at cost on a monthly basis to the business units. In addition, PNM purchases renewable energy from certain NMRD-owned facilities at a fixed price per MWh of energy produced. On February 27, 2024, PNMR Development and AEP Onsite Partners sold their respective interests in NMRD and the table below reflects transactions with NMRD prior to the sale. See Note 16 for additional discussion of NMRD. The table below summarizes the nature and amount of related party transactions of PNMR, PNM, TNMP, and NMRD:
Three Months EndedSix Months Ended
June 30,June 30,
2024202320242023
(In thousands)
Services billings:
PNMR to PNM$31,023 $29,142 $66,430 $60,642 
PNMR to TNMP12,885 11,333 27,121 23,727 
PNM to TNMP109 104 190 169 
TNMP to PNMR— 35 10 71 
PNMR to NMRD— 82 66 164 
Renewable energy purchases:
PNM from NMRD— 3,748 1,523 6,109 
Interest billings:
PNMR to PNM25 7 39 10 
PNM to PNMR154 143 309 273 
PNMR to TNMP22 117 179 128 
Income tax sharing payments:
PNMR to PNM— — — — 
TNMP to PNMR— — — —