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Pension and Other Postretirement Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2020
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table presents the components of the PNM Plans’ net periodic benefit cost:
Three Months Ended June 30,
Pension Plan
OPEB Plan
Executive Retirement Program
202020192020201920202019
(In thousands)
Components of Net Periodic Benefit Cost
Service cost
$—  $—  $10  $13  $—  $—  
Interest cost
4,985  6,294  613  829  122  162  
Expected return on plan assets
(7,363) (8,527) (1,387) (1,318) —  —  
Amortization of net (gain) loss
4,465  3,880  87  169  101  79  
Amortization of prior service cost
(138) (241) —  (99) —  —  
Net Periodic Benefit Cost (Income)
$1,949  $1,406  $(677) $(406) $223  $241  
Six Months Ended June 30,
Pension Plan
OPEB Plan
Executive Retirement Program
202020192020201920202019
(In thousands)
Components of Net Periodic Benefit Cost
Service cost
$—  $—  $20  $26  $—  $—  
Interest cost
9,971  12,587  1,227  1,658  244  324  
Expected return on plan assets
(14,726) (17,051) (2,774) (2,636) —  —  
Amortization of net (gain) loss
8,930  7,759  174  338  201  158  
Amortization of prior service cost
(277) (483) —  (198) —  —  
Net Periodic Benefit Cost (Income)
$3,898  $2,812  $(1,353) $(812) $445  $482  
The following table presents the components of the TNMP Plans’ net periodic benefit cost:
Three Months Ended June 30,
Pension Plan
OPEB Plan
Executive Retirement Program
202020192020201920202019
(In thousands)
Components of Net Periodic Benefit Cost
Service cost
$—  $—  $12  $13  $—  $—  
Interest cost
544  672  93  113    
Expected return on plan assets
(821) (967) (135) (129) —  —  
Amortization of net (gain) loss
315  235  (80) (110)   
Amortization of prior service cost
—  —  —  —  —  —  
Net Periodic Benefit Cost (Income)
$38  $(60) $(110) $(113) $12  $12  
Six Months Ended June 30,
Pension Plan
OPEB Plan
Executive Retirement Program
202020192020201920202019
(In thousands)
Components of Net Periodic Benefit Cost
Service cost
$—  $—  $23  $26  $—  $—  
Interest cost
1,088  1,344  187  226  11  16  
Expected return on plan assets
(1,642) (1,934) (268) (258) —  —  
Amortization of net (gain) loss
629  470  (162) (220) 12   
Amortization of prior service cost
—  —  —  —  —  —  
Net Periodic Benefit Cost (Income)
$75  $(120) $(220) $(226) $23  $24