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Variable Interest Entities - Schedule of Operations for Valencia (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Results of Operations          
Operating revenues $ 502,420 $ 488,102 $ 985,212 $ 924,979  
Operating expenses 429,719 382,419 840,622 738,706  
Earnings attributable to non-controlling interest 4,305 3,783 8,047 6,827  
Financial Position          
Current assets 573,727   573,727   $ 498,836
Net property, plant, and equipment 8,815,504   8,815,504   8,437,008
Total assets 11,675,264 10,583,410 11,675,264 10,583,410 11,211,733
Current liabilities 1,120,398   1,120,398   1,775,098
Owners’ Equity – Non-controlling Interest 46,029   46,029   46,900
Public Service Company of New Mexico          
Results of Operations          
Operating revenues 338,372 333,671 671,752 641,786  
Operating expenses 301,733 275,580 603,775 532,745  
Earnings attributable to non-controlling interest 4,305 3,783 8,047 6,827  
Financial Position          
Current assets 443,735   443,735   410,908
Net property, plant, and equipment 5,267,188   5,267,188   5,119,087
Total assets 7,593,440   7,593,440   7,407,279
Current liabilities 719,205   719,205   1,282,900
Owners’ Equity – Non-controlling Interest 46,029   46,029   46,900
Valencia | Public Service Company of New Mexico          
Results of Operations          
Operating revenues 5,926 5,476 11,348 10,665  
Operating expenses 1,621 1,693 3,301 3,838  
Earnings attributable to non-controlling interest 4,305 $ 3,783 8,047 $ 6,827  
Financial Position          
Current assets 3,592   3,592   3,095
Net property, plant, and equipment 42,990   42,990   44,411
Total assets 46,582   46,582   47,506
Current liabilities 553   553   606
Owners’ Equity – Non-controlling Interest $ 46,029   $ 46,029   $ 46,900