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Variable Interest Entities - Schedule of Financial Information for Valencia (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Results of Operations      
Operating Revenues $ 1,971,199 $ 1,939,198 $ 2,249,555
Operating Expenses 1,517,713 1,707,858 1,855,795
Earnings attributable to non-controlling interest 16,040 18,533 15,122
Financial Position      
Current assets 498,836 475,543  
Net property, plant and equipment 8,437,008 7,609,862  
Total assets 11,211,733 10,252,605 9,257,377
Current liabilities 1,775,098 1,230,760  
Owners’ equity – non-controlling interest 46,900 49,958  
PNM      
Results of Operations      
Operating Revenues 1,379,088 1,403,948 1,766,825
Operating Expenses 1,097,095 1,320,772 1,505,338
Earnings attributable to non-controlling interest 16,040 18,533 15,122
Financial Position      
Current assets 410,908 377,837  
Net property, plant and equipment 5,119,087 4,739,702  
Total assets 7,407,279 6,813,065  
Current liabilities 1,282,900 839,194  
Owners’ equity – non-controlling interest 46,900 49,958  
Valencia | PNM      
Results of Operations      
Operating Revenues 22,763 25,421 21,403
Operating Expenses 6,723 6,896 6,281
Other Misc (Income)/Expense 0 (8) 0
Earnings attributable to non-controlling interest 16,040 18,533 $ 15,122
Financial Position      
Current assets 3,095 3,422  
Net property, plant and equipment 44,411 47,253  
Total assets 47,506 50,675  
Current liabilities 606 717  
Owners’ equity – non-controlling interest $ 46,900 $ 49,958