Electric Operating Revenues (Tables)

9 Months Ended

Sep. 30, 2024

A disaggregation of revenues from contracts with customers by the type of customer is presented in the table below.


	PNM		TNMP		TXNM
Three Months Ended September 30, 2024	(In thousands)
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	174,765	$	67,004	$	241,769
Commercial	149,245		45,735		194,980
Industrial	31,841		7,106		38,947
Public authority	7,433		1,920		9,353
Economy energy service	3,662		—		3,662
Transmission	35,671		39,195		74,866
Wholesale energy sales (1)	8,311		—		8,311

Miscellaneous	1,511		916		2,427
Total revenues from contracts with customers	412,439		161,876		574,315
Alternative revenue programs	(7,864)		861		(7,003)
Other electric operating revenues	1,944		—		1,944
Total Electric Operating Revenues	$	406,519	$	162,737	$	569,256


Nine Months Ended September 30, 2024
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	416,216	$	155,812	$	572,028
Commercial	358,511		121,777		480,288
Industrial	90,811		24,878		115,689
Public authority	17,047		5,376		22,423
Economy energy service	15,257		—		15,257
Transmission	105,153		117,120		222,273
Wholesale energy sales (1)	43,508		—		43,508

Miscellaneous	4,324		2,835		7,159
Total revenues from contracts with customers	1,050,827		427,798		1,478,625
Alternative revenue programs	(5,128)		18,132		13,004
Other electric operating revenues	2,606		—		2,606
Total Electric Operating Revenues	$	1,048,305	$	445,930	$	1,494,235


	PNM		TNMP		TXNM
Three Months Ended September 30, 2023	(In thousands)
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	111,406	$	69,556	$	180,962
Commercial	106,237		41,662		147,899
Industrial	19,891		10,665		30,556
Public authority	6,099		1,708		7,807
Economy energy service	4,958		—		4,958
Transmission	37,466		34,980		72,446
Wholesale energy sales (1)	62,804		—		62,804
Miscellaneous	1,507		984		2,491
Total revenues from contracts with customers	350,368		159,555		509,923
Alternative revenue programs	(939)		(4,038)		(4,977)
Other electric operating revenues	905		—		905
Total Electric Operating Revenues	$	350,334	$	155,517	$	505,851

Nine Months Ended September 30, 2023
Electric Operating Revenues:
Contracts with customers:
Retail electric revenue
Residential	$	339,307	$	147,413	$	486,720
Commercial	309,560		114,357		423,917
Industrial	65,524		36,359		101,883
Public authority	15,822		4,996		20,818
Economy energy service	24,999		—		24,999
Transmission	124,396		100,100		224,496
Wholesale energy sales (1)	213,098		—		213,098

Miscellaneous	4,293		2,832		7,125
Total revenues from contracts with customers	1,096,999		406,057		1,503,056
Alternative revenue programs	9,963		2,286		12,249
Other electric operating revenues	11,779		—		11,779
Total Electric Operating Revenues	$	1,118,741	$	408,343	$	1,527,084

(1) Includes sales for resale activity resulting from PNM’s participation in the EIM.