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Consolidated Statements of Cash Flows - PNM - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net Earnings $ 258,722,000 $ 106,879,000 $ 185,180,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 423,010,000 353,692,000 341,123,000
Deferred income tax expense (benefit) 43,050,000 (13,509,000) 24,533,000
(Gains) losses on investment securities (26,851,000) (19,246,000) 78,357,000
Regulatory disallowances 8,980,000 71,923,000 832,000
Allowance for equity funds used during construction (17,887,000) (14,978,000) (13,799,000)
Other, net 4,165,000 804,000 2,377,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (13,349,000) 53,229,000 (73,099,000)
Materials, supplies, and fuel stock (33,804,000) (31,301,000) (8,528,000)
Other current assets 31,967,000 (52,225,000) 17,159,000
Other assets (83,541,000) (25,820,000) 5,002,000
Accounts payable 10,021,000 (33,536,000) 47,568,000
Accrued interest and taxes 5,114,000 17,526,000 9,205,000
Other current liabilities (106,374,000) 125,580,000 (28,516,000)
Other liabilities (94,000) 4,963,000 (27,935,000)
Net cash flows from operating activities 508,160,000 551,171,000 567,284,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (1,247,041,000) (1,075,812,000) (912,557,000)
Proceeds from sale of plant assets (Note 8) 2,840,000 32,654,000 0
Proceeds from sales of investment securities 707,338,000 574,199,000 526,448,000
Purchases of investment securities (756,805,000) (593,241,000) (564,912,000)
Other, net 14,910,000 44,000 674,000
Net cash flows used in investing activities (1,174,372,000) (1,088,406,000) (950,347,000)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings 2,892,200,000 2,358,900,000 1,829,500,000
Revolving credit facilities repayments (2,544,800,000) (2,329,000,000) (1,660,200,000)
Long-term borrowings 1,233,000,000 1,358,096,000 558,000,000
Repayment of long-term debt (819,529,000) (910,000,000) (179,500,000)
Dividends paid (140,339,000) (126,705,000) (119,839,000)
Valencia’s transactions with its owner (19,098,000) (21,569,000) (17,533,000)
Transmission interconnection and security deposit arrangements 92,272,000 49,807,000 96,550,000
Refunds paid under transmission interconnection and security deposit arrangements (79,011,000) (21,124,000) (107,397,000)
Debt issuance costs and other, net (20,482,000) (9,836,000) (5,564,000)
Net cash flows from financing activities 684,354,000 537,100,000 386,037,000
Change in Cash, Cash Equivalents, and Restricted Cash 18,142,000 (135,000) 2,974,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 3,943,000 4,078,000 1,104,000
Cash, Cash Equivalents, and Restricted Cash at End of Year 22,085,000 3,943,000 4,078,000
Restricted Cash Included in Other Current Assets and Other Deferred Charges on Consolidated Balance Sheets:      
At beginning of period 1,728,000 0 0
At end of period 17,587,000 1,728,000 0
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 207,972,000 155,273,000 118,485,000
Income taxes paid (refunded), net (998,000) 1,505,000 (1,011,000)
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions 10,728,000 (23,002,000) 4,455,000
PNM      
Cash Flows From Operating Activities:      
Net Earnings 208,252,000 54,718,000 119,020,000
Adjustments to reconcile net earnings to net cash flows from operating activities:      
 Depreciation and amortization 250,042,000 202,885,000 213,517,000
Deferred income tax expense (benefit) 41,903,000 (21,972,000) 29,487,000
(Gains) losses on investment securities (26,851,000) (19,246,000) 78,357,000
Regulatory disallowances 8,980,000 70,750,000 832,000
Allowance for equity funds used during construction (13,043,000) (9,832,000) (9,323,000)
Other, net 4,459,000 3,485,000 3,758,000
Changes in certain assets and liabilities:      
Accounts receivable and unbilled revenues (11,295,000) 51,314,000 (60,743,000)
Materials, supplies, and fuel stock (25,915,000) (25,681,000) (4,804,000)
Other current assets 19,943,000 (54,934,000) 17,956,000
Other assets (33,013,000) (20,956,000) 5,487,000
Accounts payable 8,135,000 (30,423,000) 48,868,000
Accrued interest and taxes (3,041,000) 16,091,000 (19,574,000)
Other current liabilities (99,353,000) 123,048,000 (41,876,000)
Other liabilities (7,691,000) 4,588,000 (26,029,000)
Net cash flows from operating activities 321,512,000 343,835,000 354,933,000
Cash Flows From Investing Activities:      
Additions to utility and non-utility plant (682,412,000) (565,080,000) (433,459,000)
Proceeds from sale of plant assets (Note 8) 2,840,000 32,654,000 0
Proceeds from sales of investment securities 707,338,000 574,199,000 526,448,000
Purchases of investment securities (756,805,000) (593,241,000) (564,912,000)
Other, net 14,885,000 7,000 439,000
Net cash flows used in investing activities (714,154,000) (551,461,000) (471,484,000)
Cash Flows From Financing Activities:      
Revolving credit facilities borrowings 1,433,200,000 1,114,300,000 708,600,000
Revolving credit facilities repayments (1,206,900,000) (1,162,700,000) (530,100,000)
Long-term borrowings 398,000,000 673,096,000 298,000,000
Repayment of long-term debt (200,529,000) (410,000,000) (179,500,000)
Equity contribution from parent 55,000,000 0 0
Dividends paid (51,529,000) (528,000) (154,028,000)
Valencia’s transactions with its owner (19,098,000) (21,569,000) (17,533,000)
Transmission interconnection and security deposit arrangements 81,022,000 38,807,000 90,150,000
Refunds paid under transmission interconnection and security deposit arrangements (74,161,000) (17,624,000) (93,247,000)
Debt issuance costs and other, net (4,664,000) (6,555,000) (2,825,000)
Net cash flows from financing activities 410,341,000 207,227,000 119,517,000
Change in Cash, Cash Equivalents, and Restricted Cash 17,699,000 (399,000) 2,966,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year 2,586,000 2,985,000 19,000
Cash, Cash Equivalents, and Restricted Cash at End of Year 20,285,000 2,586,000 2,985,000
Restricted Cash Included in Other Current Assets and Other Deferred Charges on Consolidated Balance Sheets:      
At beginning of period 1,728,000 0 0
At end of period 17,587,000 1,728,000 0
Supplemental Cash Flow Disclosures:      
Interest paid, net of amounts capitalized 85,100,000 66,456,000 54,816,000
Income taxes paid (refunded), net (4,058,000) (5,338,000) 11,602,000
Supplemental schedule of noncash investing and financing activities:      
(Increase) decrease in accrued plant additions $ 25,955,000 $ (8,604,000) $ (6,859,000)