Electric Operating Revenues (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

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