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Variable Interest Entities - Schedule of Operations for Valencia (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Results of Operations          
Operating revenues $ 647,162 $ 569,256 $ 1,632,374 $ 1,494,235  
Operating expenses 444,292 378,176 1,284,914 1,116,882  
Earnings attributable to non-controlling interest 5,462 5,064 13,509 11,891  
Financial Position          
Current assets 595,436   595,436   $ 498,836
Net property, plant, and equipment 9,010,268   9,010,268   8,437,008
Total assets 11,971,534 10,843,481 11,971,534 10,843,481 11,211,733
Current liabilities 1,176,220   1,176,220   1,775,098
Owners’ Equity – Non-controlling Interest 45,307   45,307   46,900
Public Service Company of New Mexico          
Results of Operations          
Operating revenues 463,720 406,519 1,135,472 1,048,305  
Operating expenses 328,319 272,510 932,094 805,255  
Earnings attributable to non-controlling interest 5,462 5,064 13,509 11,891  
Financial Position          
Current assets 454,383   454,383   410,908
Net property, plant, and equipment 5,385,648   5,385,648   5,119,087
Total assets 7,793,306   7,793,306   7,407,279
Current liabilities 845,961   845,961   1,282,900
Owners’ Equity – Non-controlling Interest 45,307   45,307   46,900
Valencia | Public Service Company of New Mexico          
Results of Operations          
Operating revenues 6,825 6,659 18,173 17,324  
Operating expenses 1,363 1,595 4,664 5,433  
Earnings attributable to non-controlling interest 5,462 $ 5,064 13,509 $ 11,891  
Financial Position          
Current assets 3,863   3,863   3,095
Net property, plant, and equipment 42,280   42,280   44,411
Total assets 46,143   46,143   47,506
Current liabilities 836   836   606
Owners’ Equity – Non-controlling Interest $ 45,307   $ 45,307   $ 46,900