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Electric Operating Revenues (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | A disaggregation of revenues from contracts with customers by the type of customer is presented in the table below. The table also reflects ARP revenues and other revenues.
|  | PNM |  | TNMP |  | TXNM Consolidated |
Year Ended December 31, 2024 |  | (In thousands) |
Electric Operating Revenues: |  |  |  |  |  |  |
Contracts with customers: |  |  |  |  |  |  |
Retail electric revenue |  |  |  |  |  |  |
Residential |  | $ | 541,581 |  |  | $ | 203,227 |  |  | $ | 744,808 |  |
Commercial |  | 460,311 |  |  | 166,858 |  |  | 627,169 |  |
Industrial |  | 123,754 |  |  | 35,300 |  |  | 159,054 |  |
Public authority |  | 23,161 |  |  | 7,329 |  |  | 30,490 |  |
Economy energy service |  | 25,481 |  |  | — |  |  | 25,481 |  |
Transmission |  | 141,058 |  |  | 157,049 |  |  | 298,107 |  |
Wholesale energy sales |  | 64,903 |  |  | — |  |  | 64,903 |  |
Miscellaneous |  | 5,776 |  |  | 3,813 |  |  | 9,589 |  |
Total revenues from contracts with customers |  | 1,386,025 |  |  | 573,576 |  |  | 1,959,601 |  |
Alternative revenue programs |  | (9,720) |  |  | 18,535 |  |  | 8,815 |  |
Other electric operating revenues |  | 2,783 |  |  | — |  |  | 2,783 |  |
Total Electric Operating Revenues |  | $ | 1,379,088 |  |  | $ | 592,111 |  |  | $ | 1,971,199 |  |
|  | PNM |  | TNMP |  | TXNM Consolidated |
Year Ended December 31, 2023 |  | (In thousands) |
Electric Operating Revenues: |  |  |  |  |  |  |
Contracts with customers: |  |  |  |  |  |  |
Retail electric revenue |  |  |  |  |  |  |
Residential |  | $ | 425,448 |  |  | $ | 190,953 |  |  | $ | 616,401 |  |
Commercial |  | 391,964 |  |  | 155,254 |  |  | 547,218 |  |
Industrial |  | 90,084 |  |  | 45,508 |  |  | 135,592 |  |
Public authority |  | 21,018 |  |  | 6,777 |  |  | 27,795 |  |
Economy energy service |  | 34,340 |  |  | — |  |  | 34,340 |  |
Transmission |  | 159,475 |  |  | 135,831 |  |  | 295,306 |  |
Wholesale energy sales |  | 248,801 |  |  | — |  |  | 248,801 |  |
Miscellaneous |  | 5,676 |  |  | 3,739 |  |  | 9,415 |  |
Total revenues from contracts with customers |  | 1,376,806 |  | 1 | 538,062 |  |  | 1,914,868 |  | 1
Alternative revenue programs |  | 9,419 |  |  | (2,812) |  |  | 6,607 |  |
Other electric operating revenues |  | 17,723 |  |  | — |  |  | 17,723 |  |
Total Electric Operating Revenues |  | $ | 1,403,948 |  |  | $ | 535,250 |  |  | $ | 1,939,198 |  |
1 Included in revenue from contracts with customers at PNM and TXNM is a $128.7 million reduction associated with the SJGS abandonment settlement and a $38.4 million reduction associated with PVNGS leased capacity as a result of the NMPRC final order in the 2024 Rate Change.
|  | PNM |  | TNMP |  | TXNM Consolidated
Year Ended December 31, 2022 |  | (In thousands)
Electric Operating Revenues: |  |  |  |  |  |
Contracts with customers: |  |  |  |  |  |
Retail electric revenue |  |  |  |  |  |
Residential |  | $ | 484,699 |  |  | $ | 187,951 |  |  | $ | 672,650 |
Commercial |  | 422,163 |  |  | 154,059 |  |  | 576,222 |
Industrial |  | 85,102 |  |  | 36,919 |  |  | 122,021 |
Public authority |  | 21,330 |  |  | 6,379 |  |  | 27,709 |
Economy energy service |  | 45,009 |  |  | — |  |  | 45,009 |
Transmission |  | 149,421 |  |  | 113,782 |  |  | 263,203 |
Wholesale energy sales |  | 534,196 |  |  | — |  |  | 534,196 |
Miscellaneous |  | 5,390 |  |  | 3,817 |  |  | 9,207 |
Total revenues from contracts with customers |  | 1,747,310 |  |  | 502,907 |  |  | 2,250,217 |
Alternative revenue programs |  | 692 |  |  | (20,177) |  |  | (19,485) |
Other electric operating revenues |  | 18,823 |  |  | — |  |  | 18,823 |
Total Electric Operating Revenues |  | $ | 1,766,825 |  |  | $ | 482,730 |  |  | $ | 2,249,555 |

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