$MGEE
MGE ENERGY INC

2022 Q4 Form 10-Q Financial Statement

#000095017022021653 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $189.8M $163.4M
YoY Change 17.13% 12.02%
Cost Of Revenue $63.00M $24.12M
YoY Change 20.12% 38.39%
Gross Profit $126.8M $139.3M
YoY Change 15.7% 8.44%
Gross Profit Margin 66.82% 85.24%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.77M $21.45M
YoY Change 3.59% 12.93%
% of Gross Profit 17.16% 15.4%
Operating Expenses $98.90M $96.80M
YoY Change 7.07% 6.55%
Operating Profit $27.93M $42.49M
YoY Change 61.95% 13.0%
Interest Expense -$6.961M -$6.652M
YoY Change 6.75% 9.43%
% of Operating Profit -24.92% -15.66%
Other Income/Expense, Net $5.344M $6.068M
YoY Change 128.28% -1.56%
Pretax Income $26.32M $41.90M
YoY Change 101.38% 11.2%
Income Tax $5.267M $8.183M
% Of Pretax Income 20.01% 19.53%
Net Earnings $21.05M $33.72M
YoY Change 61.19% -3.43%
Net Earnings / Revenue 11.09% 20.64%
Basic Earnings Per Share $0.93
Diluted Earnings Per Share $0.58 $0.93
COMMON SHARES
Basic Shares Outstanding 36.16M 36.16M
Diluted Shares Outstanding 36.18M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.60M $10.62M
YoY Change -33.46% -84.93%
Cash & Equivalents $11.60M $10.62M
Short-Term Investments
Other Short-Term Assets $19.02M $15.75M
YoY Change 70.05% 21.35%
Inventory $74.28M $75.40M
Prepaid Expenses
Receivables $55.41M $44.46M
Other Receivables $11.42M $13.86M
Total Short-Term Assets $243.5M $199.8M
YoY Change 22.12% -14.63%
LONG-TERM ASSETS
Property, Plant & Equipment $1.971B $1.955B
YoY Change 4.91% 5.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $80.63M $104.0M
YoY Change 6.22% 4.76%
Other Assets $23.81M $24.89M
YoY Change -13.57% -10.69%
Total Long-Term Assets $2.274B $2.266B
YoY Change 4.68% 6.05%
TOTAL ASSETS
Total Short-Term Assets $243.5M $199.8M
Total Long-Term Assets $2.274B $2.266B
Total Assets $2.518B $2.466B
YoY Change 6.14% 4.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.33M $60.23M
YoY Change -7.51% 4.87%
Accrued Expenses $20.93M $18.28M
YoY Change -10.3% -8.02%
Deferred Revenue
YoY Change
Short-Term Debt $70.50M $40.00M
YoY Change 1181.82%
Long-Term Debt Due $54.31M $54.28M
YoY Change 1010.94% 1017.14%
Total Short-Term Liabilities $225.1M $194.8M
YoY Change 90.98% 57.67%
LONG-TERM LIABILITIES
Long-Term Debt $585.2M $561.6M
YoY Change -4.72% -8.73%
Other Long-Term Liabilities $96.99M $94.85M
YoY Change 5.78% 9.54%
Total Long-Term Liabilities $625.6M $634.1M
YoY Change 2.16% 5.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.1M $194.8M
Total Long-Term Liabilities $625.6M $634.1M
Total Liabilities $850.7M $828.9M
YoY Change 16.5% 14.0%
SHAREHOLDERS EQUITY
Retained Earnings $649.9M
YoY Change 8.96%
Common Stock $36.16M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.082B $1.075B
YoY Change
Total Liabilities & Shareholders Equity $2.518B $2.466B
YoY Change 6.14% 4.01%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $21.05M $33.72M
YoY Change 61.19% -3.43%
Depreciation, Depletion And Amortization $21.77M $21.45M
YoY Change 3.59% 12.93%
Cash From Operating Activities $9.453M $33.01M
YoY Change -350.74% -47.41%
INVESTING ACTIVITIES
Capital Expenditures $41.62M -$67.45M
YoY Change -206.65% 75.31%
Acquisitions
YoY Change
Other Investing Activities -$1.305M -$706.0K
YoY Change -427.07% -62.12%
Cash From Investing Activities -$42.93M -$68.16M
YoY Change 11.13% 68.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 38.21M 23.90M
YoY Change -466.94% 75.44%
NET CHANGE
Cash From Operating Activities 9.453M 33.01M
Cash From Investing Activities -42.93M -68.16M
Cash From Financing Activities 38.21M 23.90M
Net Change In Cash 4.733M -11.24M
YoY Change -108.96% -131.19%
FREE CASH FLOW
Cash From Operating Activities $9.453M $33.01M
Capital Expenditures $41.62M -$67.45M
Free Cash Flow -$32.17M $100.5M
YoY Change -191.24% -0.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.010
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.018
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.145
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.56
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0001161728
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-49965
dei Entity Registrant Name
EntityRegistrantName
MGE Energy, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WI
dei Entity Address Address Line1
EntityAddressAddressLine1
133 South Blair Street
dei Entity Address City Or Town
EntityAddressCityOrTown
Madison
dei Entity Address State Or Province
EntityAddressStateOrProvince
WI
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
53788
dei City Area Code
CityAreaCode
608
dei Local Phone Number
LocalPhoneNumber
252-7000
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
39-2040501
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Security12b Title
Security12bTitle
Common Stock, $1 Par Value Per Share
dei Trading Symbol
TradingSymbol
MGEE
dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
36163370
CY2022Q3 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
133090000
CY2021Q3 us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
121853000
us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
355381000
us-gaap Regulated Operating Revenue Electric Non Nuclear
RegulatedOperatingRevenueElectricNonNuclear
324574000
CY2022Q3 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
30310000
CY2021Q3 us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
24020000
us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
169305000
us-gaap Regulated Operating Revenue Gas
RegulatedOperatingRevenueGas
119944000
CY2022Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
163400000
CY2021Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
145873000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
524686000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
444518000
CY2022Q3 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
21045000
CY2021Q3 us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
18486000
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
48410000
us-gaap Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
42570000
CY2022Q3 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
9593000
CY2021Q3 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
8646000
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
35757000
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
28914000
CY2022Q3 mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
14523000
CY2021Q3 mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
8780000
mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
100638000
mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
57728000
CY2022Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
49194000
CY2021Q3 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
48494000
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
150714000
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
144563000
CY2022Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
21447000
CY2021Q3 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
18991000
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
63780000
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
55968000
CY2022Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
5111000
CY2021Q3 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
4878000
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
15579000
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
14730000
CY2022Q3 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
120913000
CY2021Q3 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
108275000
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
414878000
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
344473000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
42487000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
37598000
us-gaap Operating Income Loss
OperatingIncomeLoss
109808000
us-gaap Operating Income Loss
OperatingIncomeLoss
100045000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6068000
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6164000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20736000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14353000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6652000
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6079000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19686000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-17591000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
41903000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
37683000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
110858000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
96807000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8183000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2766000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20957000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4106000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
33720000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
34917000
us-gaap Profit Loss
ProfitLoss
89901000
us-gaap Profit Loss
ProfitLoss
92701000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.97
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.56
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.408
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.388
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.183
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.128
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36163000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36163000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36163000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36163000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36176000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36170000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36174000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36176000
us-gaap Profit Loss
ProfitLoss
89901000
us-gaap Profit Loss
ProfitLoss
92701000
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
63780000
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
55968000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18021000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1955000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1323000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1163000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-6087000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-935000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6626000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7440000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2821000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
618000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5992000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
11240000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-5831000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
4429000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5964000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5842000
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
5095000
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
4823000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
2255000
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-4295000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
144282000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141297000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
133409000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
114142000
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
3938000
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
4227000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-128000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-22000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-137219000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-118347000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42763000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
40774000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3655000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3567000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
34500000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-52500000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-745000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1503000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12663000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1656000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5600000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24606000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18835000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47039000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13235000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
71645000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11218000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8213000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10615000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17438000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7633000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
6940000
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44460000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
46205000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1069000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1364000
CY2022Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
13863000
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
16094000
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
22975000
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
34812000
CY2022Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
32208000
CY2021Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
29863000
CY2022Q3 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
7021000
CY2021Q4 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
6429000
CY2022Q3 us-gaap Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
36167000
CY2021Q4 us-gaap Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
15668000
CY2022Q3 us-gaap Prepaid Taxes
PrepaidTaxes
13106000
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
20214000
CY2022Q3 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
3685000
CY2021Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
1465000
CY2022Q3 us-gaap Other Assets Current
OtherAssetsCurrent
15747000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11183000
CY2022Q3 us-gaap Assets Current
AssetsCurrent
199847000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
199371000
CY2022Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
574000
CY2021Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
1155000
CY2022Q3 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
110807000
CY2021Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
107547000
CY2022Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
71104000
CY2021Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
58757000
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24888000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
27548000
CY2022Q3 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1848053000
CY2021Q4 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1828171000
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
106451000
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
50603000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1954504000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1878774000
CY2022Q3 us-gaap Investments
Investments
103962000
CY2021Q4 us-gaap Investments
Investments
98754000
CY2022Q3 us-gaap Assets
Assets
2465686000
CY2021Q4 us-gaap Assets
Assets
2371906000
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
54282000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4889000
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
40000000
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
5500000
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
60227000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
64149000
CY2022Q3 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
7819000
CY2021Q4 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
10385000
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10464000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12951000
CY2022Q3 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
14611000
CY2021Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
9365000
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2140000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7390000
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8468000
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
194793000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
117847000
CY2022Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
245584000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
231149000
CY2022Q3 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
49242000
CY2021Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
44836000
CY2022Q3 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
155260000
CY2021Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
154298000
CY2022Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
72001000
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
73085000
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17189000
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17322000
CY2022Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
94851000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
91690000
CY2022Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
634127000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2371906000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1007301000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
34917000
CY2021Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.388
CY2021Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14013000
CY2021Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
80000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1028285000
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
612380000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1075200000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1027468000
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
561566000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
614211000
CY2022Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1636766000
CY2021Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1641679000
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2465686000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1056057000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
33720000
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.408
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14736000
CY2022Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
159000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1075200000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
976000000
us-gaap Net Income Loss
NetIncomeLoss
92701000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.128
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
40774000
us-gaap Stockholders Equity Other
StockholdersEquityOther
358000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
1028285000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1027468000
us-gaap Net Income Loss
NetIncomeLoss
89901000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.183
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
42763000
us-gaap Stockholders Equity Other
StockholdersEquityOther
594000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
1075200000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10615000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17438000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
651000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
847000
CY2022Q3 us-gaap Margin Deposit Assets
MarginDepositAssets
1969000
CY2021Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
550000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13235000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18835000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.048
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.006
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.012
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.049
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.011
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.017
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.124
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.004
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.073
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.014
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.053
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.060
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.042
CY2022Q3 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-200000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-800000
CY2021Q3 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-300000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-3900000
CY2022Q3 mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
300000
mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
1100000
CY2021Q3 mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
2800000
mgee Deferred Savings From Current Year Employee Benefit Costs
DeferredSavingsFromCurrentYearEmployeeBenefitCosts
5400000
CY2022Q3 mgee Returned Savings From Prior Year Employee Benefit Costs
ReturnedSavingsFromPriorYearEmployeeBenefitCosts
1000000.0
mgee Returned Savings From Prior Year Employee Benefit Costs
ReturnedSavingsFromPriorYearEmployeeBenefitCosts
3100000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-600000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
100000
CY2022Q3 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
CY2021Q3 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
10331
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000
CY2022Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
51336000
CY2022Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
86773000
CY2022Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
51901000
CY2022Q3 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
42743000
CY2022Q3 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
23243000
CY2022Q3 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
42978000
CY2022Q3 mgee Counterparties In Default
CounterpartiesInDefault
0
CY2019 mgee Public Utilities Return Of Fuel Rules Credit
PublicUtilitiesReturnOfFuelRulesCredit
1500000
CY2020 mgee Public Utilities Return Of Fuel Rules Credit
PublicUtilitiesReturnOfFuelRulesCredit
3200000
CY2021Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-3300000
CY2022Q3 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-4400000
CY2022Q3 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
1300000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<span id="xbrl_ts_19f0b3d21df445be886e63f2614417f2"/><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;">As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity prices. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span id="xbrl_cs_4ddf6895c94a44cb82c99bf2bec723df"/><span style="font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;">four</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;"> years</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Calibri&quot;, sans-serif;min-width:fit-content;">. If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability depending on whether the derivative is in a net loss or net gain position, respectively. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
CY2022Q3 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0
CY2022Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2021Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-4533000
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
178000
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-14055000
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
3900000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4300000
CY2022Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
-5105000
CY2021Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
8122000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
3675000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
17644000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
0
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6609000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2476000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-13607000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2686000
CY2022Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
-73000
CY2021Q3 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
45000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
175000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
108000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
6638000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
11911000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
18899000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-13607000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2686000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
6644000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
9114000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
25562000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
21760000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3854000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3589000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3854000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
3589000
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2022Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6609000
CY2021Q3 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2476000
CY2021Q3 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
145873000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
524686000
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
444518000

Files In Submission

Name View Source Status
0000950170-22-021653-index-headers.html Edgar Link pending
0000950170-22-021653-index.html Edgar Link pending
0000950170-22-021653.txt Edgar Link pending
0000950170-22-021653-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgee-20220930.htm Edgar Link pending
mgee-20220930.xsd Edgar Link pending
mgee-ex31_1.htm Edgar Link pending
mgee-ex31_2.htm Edgar Link pending
mgee-ex31_3.htm Edgar Link pending
mgee-ex31_4.htm Edgar Link pending
mgee-ex32_1.htm Edgar Link pending
mgee-ex32_2.htm Edgar Link pending
mgee-ex32_3.htm Edgar Link pending
mgee-ex32_4.htm Edgar Link pending
mgee-ex4_1.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
mgee-20220930_pre.xml Edgar Link unprocessable
mgee-20220930_lab.xml Edgar Link unprocessable
mgee-20220930_def.xml Edgar Link unprocessable
mgee-20220930_htm.xml Edgar Link completed
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mgee-20220930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable