Financing - Narrative (Details)
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1 Months Ended |
6 Months Ended |
9 Months Ended |
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Sep. 30, 2026
USD ($)
$ / shares
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Sep. 04, 2026
USD ($)
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Aug. 31, 2026
USD ($)
$ / shares
shares
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Jul. 22, 2026
USD ($)
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May 01, 2026
USD ($)
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Apr. 27, 2026
$ / shares
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Mar. 26, 2026
$ / shares
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Mar. 03, 2026
USD ($)
$ / shares
shares
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Jan. 02, 2026
$ / shares
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Nov. 06, 2025
USD ($)
d
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Aug. 15, 2025
USD ($)
shares
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Jul. 31, 2025
USD ($)
debtInstrument
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Jul. 01, 2025
USD ($)
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Jun. 30, 2025
USD ($)
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Jun. 24, 2025
USD ($)
$ / shares
shares
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May 27, 2025
USD ($)
shares
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May 19, 2025
USD ($)
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May 18, 2025
USD ($)
d
$ / shares
shares
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Apr. 01, 2024
extension_option
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Aug. 31, 2027
USD ($)
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Feb. 28, 2027
USD ($)
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Jun. 30, 2026
USD ($)
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Sep. 30, 2026
USD ($)
d
extension_option
$ / shares
shares
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Sep. 30, 2025
USD ($)
shares
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Oct. 01, 2026 |
Aug. 19, 2026
USD ($)
debtInstrument
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Jul. 21, 2026
USD ($)
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Jul. 17, 2026
USD ($)
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Dec. 31, 2025
USD ($)
$ / shares
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Dec. 19, 2025
USD ($)
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Jul. 21, 2025
USD ($)
bond
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Jun. 14, 2025
USD ($)
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Apr. 23, 2025
USD ($)
debtInstrument
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Feb. 14, 2025
USD ($)
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Jan. 21, 2025
USD ($)
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May 20, 2022
USD ($)
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| Debt Instrument [Line Items] |
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| Stock issued during period, shares, new issues | shares |
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7,079,646
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| Common stock for a purchase price (in dollars per share) | $ / shares |
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$ 55.935
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$ 55.325
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$ 50.00
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| Sale of stock, consideration received on transaction |
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$ 396,000,000
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$ 200,000,000
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$ 400,000,000.0
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| Short-term debt |
$ 236,000,000
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$ 236,000,000
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$ 181,400,000
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| Common stock, no par value (in dollars per share) | $ / shares |
$ 0
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$ 0
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$ 0
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| Initial forward price (in shares) | shares |
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2,123,544
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3,542,377
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| Number of mortgage bonds | bond |
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6
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| Realizing a pre-tax net loss |
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$ 1,600,000
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| Number of shares issued in transaction (in shares) | shares |
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3,615,003
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8,000,000
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| Settlement amount |
$ 124,999,000
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$ 124,999,000
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$ 200,000,000
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| Letters of credit outstanding |
2,700,000
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2,700,000
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| Treasury Lock Agreements | Cash Flow Hedging | Designated as Hedging Instrument |
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| Debt Instrument [Line Items] |
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| Aggregating a total notional amount |
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$ 730,000,000.0
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| Treasury lock agreements had an average fixed rate |
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4.18%
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| Derivative, loss on derivative |
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$ 2,500,000
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| Minimum | Treasury Lock Agreements | Cash Flow Hedging | Designated as Hedging Instrument |
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| Debt Instrument [Line Items] |
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| Derivative, term of contract |
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5 years
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| Amortized through interest expense over a range |
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5 years
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| Maximum | Treasury Lock Agreements | Cash Flow Hedging | Designated as Hedging Instrument |
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| Debt Instrument [Line Items] |
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| Derivative, term of contract |
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30 years
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| Amortized through interest expense over a range |
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30 years
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| Commercial Paper |
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| Debt Instrument [Line Items] |
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| Short-term debt |
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$ 300,000,000.0
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| Debt instrument, term |
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364 days
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| Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Repayments of short-term borrowings |
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$ 250,000,000.0
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| Revolving Credit Facility | Line of credit |
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| Debt Instrument [Line Items] |
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| Financing capacity |
300,000,000.0
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300,000,000.0
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$ 265,400,000
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| TXNM 2026 ATM Program |
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| Debt Instrument [Line Items] |
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| Distribution agreement |
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$ 125,000,000.0
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| Common stock, no par value (in dollars per share) | $ / shares |
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$ 0
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| Initial forward price (in shares) | shares |
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2,123,544
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| Forward contracts, issuance costs |
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$ 1,300,000
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| Forward contracts, net cash proceeds |
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$ 123,700,000
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| TXNM 2025 ATM Program |
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| Debt Instrument [Line Items] |
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| Distribution agreement |
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$ 200,000,000.0
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| Initial forward price (in shares) | shares |
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3,542,377
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| Forward contracts, issuance costs |
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$ 2,000,000.0
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| Forward contracts, net cash proceeds |
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$ 198,000,000.0
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| TXNM 2024 ATM Program |
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| Debt Instrument [Line Items] |
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| Initial forward price (in shares) | shares |
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1,104,641
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| Settlement amount |
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$ 49,600,000
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| Payments of stock issuance costs |
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$ 500,000
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| TXNM Revolving Credit Facility | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Repayments of short-term borrowings |
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$ 160,000,000.0
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| TXNM Merger Backstop Revolving Facility | Revolving Credit Facility |
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| Debt Instrument [Line Items] |
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| Proceeds from long-term lines of credit |
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$ 4,000,000.0
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|
|
|
|
|
|
|
|
|
|
|
|
| WEB LOC Facility | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Letters of credit outstanding |
19,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Banks | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Letters of credit outstanding |
900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ETBC 1 | Forecast |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Scheduled payments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,900,000
|
$ 3,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| PNM November 2025 Note Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
120,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 120,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Public Service Company of New Mexico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maturity term over which financings require regulator approval (more than) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term debt |
$ 48,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 48,900,000
|
|
|
|
|
|
$ 178,800,000
|
|
|
|
|
|
|
|
| Common stock, no par value (in dollars per share) | $ / shares |
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
| Letters of credit outstanding |
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Public Service Company of New Mexico | Commercial Paper |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term debt |
|
|
|
|
$ 400,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
364 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Public Service Company of New Mexico | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing capacity |
400,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Public Service Company of New Mexico | PNM New Mexico Credit Facility | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| NMPRC approved credit facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 40,000,000.0
|
| Texas-New Mexico Power Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term debt |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
| Letters of credit outstanding |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Texas-New Mexico Power Company | Commercial Paper |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term debt |
|
|
|
|
$ 300,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
364 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Texas-New Mexico Power Company | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing capacity |
300,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 300,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of extensions | extension_option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Extension period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Texas-New Mexico Power Company | First Mortgage Bonds Due 2029 | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Collateral amount |
300,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 300,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Texas-New Mexico Power Company | TNMP Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
277,000,000.0
|
|
|
|
|
|
|
| TXNM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payment to unwind stock purchase agreement |
|
$ 400,000,000.0
|
|
$ 400,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| TXNM | TXNM Revolving Credit Facility | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-term debt |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
2,600,000
|
|
|
|
|
|
|
|
| TXNM and PNM | Revolving Credit Facility | Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of extensions | extension_option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Extension period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ratio of debt to capital (less than or equal to) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit | PNM and TNMP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ratio of debt to capital (less than or equal to) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Line of credit | Public Service Company of New Mexico | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 354,100,000
|
|
|
|
|
|
|
| Line of credit | Texas-New Mexico Power Company | TNMP Merger Backstop Term Loan | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,505,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
364 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | TNMP First Mortgage Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| Debt Instrument [Line Items] |
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|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,084,300,000
|
|
|
|
|
|
| Unsecured Debt | TXNM Merger Backstop Revolving Facility | Revolving Credit Facility |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
| Debt Instrument [Line Items] |
|
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|
|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
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|
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|
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|
|
|
|
| Debt instrument, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
364 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financing capacity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 910,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
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|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shelf registration statement for unsecured debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
650,000,000.0
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM August 2026 Note Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Number of debt issuances | debtInstrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM August 2026 SUNs At Five Point Forty Four, Due Twenty Twenty Nine |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.44%
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 115,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM August 2026 SUNs At Five Point Eight Two, Due Twenty Thirty Four |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.82%
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 50,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM August 2026 SUNs At Six Point One Two, Due Twenty Thirty Eight |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.12%
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 35,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM July 2025 Note Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
$ 350,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of debt issuances | debtInstrument |
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM July 2025 SUNs At Five Point Four Seven, Due July Twenty Thirty One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
5.47%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
$ 200,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM July 2025 SUNs At Six Point Zero Three, Due July Twenty Thirty Six |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
6.03%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
$ 150,000,000.0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM 2025 Note Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 300,000,000.0
|
|
|
|
| Number of debt issuances | debtInstrument |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM 2025 Bond At Five Point Seven Five, Due June Twenty Thirty Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 125,000,000.0
|
|
|
|
| Unsecured Debt | Public Service Company of New Mexico | PNM 2025 Bond At Six Point One Three, Due June Twenty Thirty Seven |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.13%
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 175,000,000.0
|
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP August 2026 Bond Purchase Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP August 2026 Bond At Five Point Two Three Percent, Due September 1, 2031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.23%
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 75,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP August 2026 Bond At Five Point Four Six Percent, Due September 1, 2033 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.46%
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 75,000,000.0
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP First Mortgage Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
$ 3,000,000.0
|
|
|
|
|
|
|
|
$ 1,505,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Merger agreement, number of business days to offer prepayment of debt | d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt offered for prepayment |
|
|
|
|
|
|
|
|
|
417,700,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,084,300,000
|
|
|
|
|
| Indentures governing the remaining outstanding |
|
|
|
|
|
|
|
|
|
$ 417,700,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Merger agreement, number of business days to offer prepayment of debt after close of merger | d |
|
|
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP 2025 Bond At Five Point One Nine Percent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.19%
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 140,000,000.0
|
|
|
| Unsecured Debt | Texas-New Mexico Power Company | TNMP February 2025 Bond |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Face value to be amended if change in control |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000,000.0
|
|
|
| Repurchased face amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 40,000,000.0
|
|
|
| Notes Payable to Banks | Pollution Control Revenue Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,300,000
|
|
|
|
|
|
|
|
| Notes Payable to Banks | Pollution Control Revenue Bonds | Subsequent Event |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.125%
|
|
|
|
|
|
|
|
|
|
|
|
| Notes Payable to Banks | Public Service Company of New Mexico | PNM 2025 Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 195,000,000.0
|
|
| Bonds | PNM and TNMP | Pollution Control Revenue Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
$ 0
|
|
|
|
|
|
|
|
| Bonds | Public Service Company of New Mexico | PNM 2026 Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 195,000,000.0
|
|
|
|
|
|
|
|
|
|
| Interest rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.80%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bonds | TXNM | TXNM 2026 Delayed-Draw Term Loan |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 400,000,000.0
|
|
|
|
|
|
|
|
|
| Convertible Debt | Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long-term debt |
$ 549,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 549,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate |
5.75%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75%
|
|
|
|
|
|
5.75%
|
|
|
|
|
|
|
|
| Aggregate principal amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 550,000,000.0
|
|
|
|
|
|
|
|
| Conversion price (in dollars per share) | $ / shares |
$ 44.32
|
|
|
|
|
$ 44.34
|
$ 44.37
|
|
$ 44.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 44.32
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold trading days | d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days | d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion notices and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion ratio |
0.0225654
|
|
|
|
|
0.0225517
|
0.0225382
|
|
0.0225248
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|