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Condensed Consolidated Statements of Cash Flows - PNM - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities:    
Net earnings $ 175,114,000 $ 238,728,000
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 361,095,000 313,919,000
Deferred income tax expense (benefit) 19,901,000 38,383,000
(Gains) on investment securities (33,691,000) (32,326,000)
Regulatory disallowances (731,000) 10,601,000
Allowance for equity funds used during construction (11,319,000) (13,911,000)
Other, net 2,735,000 3,025,000
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (76,923,000) (38,466,000)
Materials, supplies, and fuel stock (6,125,000) (22,484,000)
Other current assets (13,584,000) 14,835,000
Other assets (27,568,000) (80,640,000)
Accounts payable 3,007,000 (24,027,000)
Accrued interest and taxes 28,770,000 18,462,000
Other current liabilities (2,620,000) (85,393,000)
Other liabilities 2,053,000 5,419,000
Net cash flows from operating activities 426,790,000 349,521,000
Cash Flows From Investing Activities:    
Utility plant additions (886,111,000) (905,513,000)
Proceeds from sale of plant assets 0 2,840,000
Proceeds from sales of investment securities 440,720,000 745,645,000
Purchases of investment securities (445,054,000) (756,591,000)
Other, net (75,000) 3,375,000
Net cash flows used in investing activities (890,520,000) (805,858,000)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 1,910,600,000 2,181,800,000
Revolving credit facilities repayments (2,206,100,000) (1,984,700,000)
Long-term borrowings 3,153,600,000 1,233,000,000
Repayment of long-term debt (2,990,507,000) (819,529,000)
Dividends paid (118,855,000) (105,254,000)
Valencia’s transactions with its owner (15,102,000) (13,780,000)
Transmission interconnection and security deposit arrangements 33,936,000 79,718,000
Refunds paid under transmission interconnection and security deposit arrangements (102,811,000) (74,667,000)
Debt issuance costs and other, net (17,590,000) (19,775,000)
Net cash flows from financing activities 481,629,000 468,830,000
Change in Cash, Cash Equivalents, and Restricted Cash 17,899,000 12,493,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 22,085,000 3,943,000
Cash, Cash Equivalents, and Restricted Cash at End of Period 39,984,000 16,436,000
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 17,587,000 1,728,000
At end of period 7,918,000 9,201,000
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 161,677,000 147,418,000
Income taxes paid (refunded), net 2,350,000 (395,000)
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions 53,059,000 44,714,000
PNM    
Cash Flows From Operating Activities:    
Net earnings 141,641,000 193,660,000
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 210,111,000 185,815,000
Deferred income tax expense (benefit) 13,623,000 23,710,000
(Gains) on investment securities (33,691,000) (32,326,000)
Regulatory disallowances (731,000) 10,601,000
Allowance for equity funds used during construction (5,986,000) (10,503,000)
Other, net 2,942,000 3,055,000
Changes in certain assets and liabilities:    
Accounts receivable and unbilled revenues (53,639,000) (22,676,000)
Materials, supplies, and fuel stock 114,000 (13,928,000)
Other current assets (4,620,000) 5,064,000
Other assets (10,891,000) (37,489,000)
Accounts payable (573,000) (17,022,000)
Accrued interest and taxes 22,674,000 26,457,000
Other current liabilities (3,662,000) (76,559,000)
Other liabilities (16,266,000) (3,068,000)
Net cash flows from operating activities 261,046,000 234,791,000
Cash Flows From Investing Activities:    
Utility plant additions (447,091,000) (493,381,000)
Proceeds from sale of plant assets 0 2,840,000
Proceeds from sales of investment securities 440,720,000 745,645,000
Purchases of investment securities (445,054,000) (756,591,000)
Other, net (84,000) 3,376,000
Net cash flows used in investing activities (451,509,000) (498,111,000)
Cash Flows From Financing Activities:    
Revolving credit facilities borrowings 784,400,000 1,025,500,000
Revolving credit facilities repayments (989,900,000) (983,100,000)
Long-term borrowings 845,000,000 398,000,000
Repayment of long-term debt (360,907,000) (200,529,000)
Equity contribution from parent 0 55,000,000
Dividends paid (396,000) (396,000)
Valencia’s transactions with its owner (15,102,000) (13,780,000)
Transmission interconnection and security deposit arrangements 11,486,000 68,468,000
Refunds paid under transmission interconnection and security deposit arrangements (82,061,000) (69,817,000)
Debt issuance costs and other, net (5,258,000) (4,260,000)
Net cash flows from financing activities 187,262,000 275,086,000
Change in Cash, Cash Equivalents, and Restricted Cash (3,201,000) 11,766,000
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period 20,285,000 2,586,000
Cash, Cash Equivalents, and Restricted Cash at End of Period 17,084,000 14,352,000
Restricted Cash included in Other Current Assets and Other Deferred Charges on Condensed Consolidated Balance Sheets:    
At beginning of period 17,587,000 1,728,000
At end of period 7,918,000 9,201,000
Supplemental Cash Flow Disclosures:    
Interest paid, net of amounts capitalized 77,316,000 58,652,000
Income taxes paid (refunded), net 0 (1,707,000)
Supplemental schedule of noncash investing activities:    
Decrease in accrued plant additions $ 14,433,000 $ 17,238,000