$MGEE
MGE ENERGY INC

2023 Q3 Form 10-Q Financial Statement

#000095017023037779 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $160.5M $148.0M
YoY Change -1.76% -2.86%
Cost Of Revenue $12.20M $13.13M
YoY Change -49.41% -62.4%
Gross Profit $148.3M $134.9M
YoY Change 6.47% 14.86%
Gross Profit Margin 92.38% 91.13%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.30M $25.12M
YoY Change 17.97% 18.0%
% of Gross Profit 17.06% 18.63%
Operating Expenses $104.5M $96.47M
YoY Change 7.96% 4.91%
Operating Profit $43.79M $38.39M
YoY Change 3.07% 50.8%
Interest Expense -$7.700M -$7.760M
YoY Change 15.75% 20.07%
% of Operating Profit -17.58% -20.21%
Other Income/Expense, Net $10.55M $4.937M
YoY Change 73.85% -35.85%
Pretax Income $46.69M $35.57M
YoY Change 11.42% 33.25%
Income Tax $8.830M $6.886M
% Of Pretax Income 18.91% 19.36%
Net Earnings $37.86M $28.68M
YoY Change 12.27% 31.8%
Net Earnings / Revenue 23.58% 19.38%
Basic Earnings Per Share $1.05 $0.79
Diluted Earnings Per Share $1.05 $0.79
COMMON SHARES
Basic Shares Outstanding 36.16M 36.16M
Diluted Shares Outstanding 36.19M 36.19M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.30M $16.51M
YoY Change 6.45% -27.62%
Cash & Equivalents $11.27M $16.51M
Short-Term Investments
Other Short-Term Assets $14.79M $77.92M
YoY Change -6.1% 573.46%
Inventory $72.40M $71.88M
Prepaid Expenses
Receivables $43.82M $41.03M
Other Receivables $17.27M $15.20M
Total Short-Term Assets $216.4M $222.5M
YoY Change 8.29% 14.33%
LONG-TERM ASSETS
Property, Plant & Equipment $2.071B $2.036B
YoY Change 5.94% 5.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $111.2M $108.9M
YoY Change 6.96% 4.86%
Other Assets $21.49M $192.5M
YoY Change -13.67% 666.59%
Total Long-Term Assets $2.374B $2.338B
YoY Change 4.78% 4.23%
TOTAL ASSETS
Total Short-Term Assets $216.4M $222.5M
Total Long-Term Assets $2.374B $2.338B
Total Assets $2.591B $2.560B
YoY Change 5.06% 5.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.59M $38.57M
YoY Change -11.01% -56.58%
Accrued Expenses $20.50M $19.09M
YoY Change 12.13% 1.38%
Deferred Revenue
YoY Change
Short-Term Debt $22.00M $42.00M
YoY Change -45.0%
Long-Term Debt Due $5.112M $35.08M
YoY Change -90.58% 44.65%
Total Short-Term Liabilities $122.8M $159.4M
YoY Change -36.94% -0.81%
LONG-TERM LIABILITIES
Long-Term Debt $690.0M $669.5M
YoY Change 22.88% 12.96%
Other Long-Term Liabilities $96.10M $351.8M
YoY Change 1.32% 271.63%
Total Long-Term Liabilities $642.4M $1.021B
YoY Change 1.31% 62.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $122.8M $159.4M
Total Long-Term Liabilities $642.4M $1.021B
Total Liabilities $765.3M $1.447B
YoY Change -7.68% 83.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.135B $1.113B
YoY Change
Total Liabilities & Shareholders Equity $2.591B $2.560B
YoY Change 5.06% 5.04%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $37.86M $28.68M
YoY Change 12.27% 31.8%
Depreciation, Depletion And Amortization $25.30M $25.12M
YoY Change 17.97% 18.0%
Cash From Operating Activities $67.00M $70.99M
YoY Change 102.99% 44.35%
INVESTING ACTIVITIES
Capital Expenditures $42.60M $60.14M
YoY Change -163.16% -270.96%
Acquisitions
YoY Change
Other Investing Activities -$2.100M -$2.048M
YoY Change 197.45% 19.56%
Cash From Investing Activities -$44.70M -$62.19M
YoY Change -34.42% 68.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.40M -7.169M
YoY Change -214.62% -53.3%
NET CHANGE
Cash From Operating Activities 67.00M 70.99M
Cash From Investing Activities -44.70M -62.19M
Cash From Financing Activities -27.40M -7.169M
Net Change In Cash -5.100M 1.626M
YoY Change -54.65% -152.98%
FREE CASH FLOW
Cash From Operating Activities $67.00M $70.99M
Capital Expenditures $42.60M $60.14M
Free Cash Flow $24.40M $10.84M
YoY Change -75.71% -87.15%

Facts In Submission

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RegulatoryAssetsNoncurrent
97801000
CY2022Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
103900000
CY2023Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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72349000
CY2022Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
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68872000
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OtherAssetsNoncurrent
22326000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
24365000
CY2023Q2 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1903143000
CY2022Q4 mgee Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
1865352000
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
132980000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
105748000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2036123000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1971100000
CY2023Q2 us-gaap Investments
Investments
108938000
CY2022Q4 us-gaap Investments
Investments
105883000
CY2023Q2 us-gaap Assets
Assets
2560068000
CY2022Q4 us-gaap Assets
Assets
2517600000
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
35079000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
54314000
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
42000000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
70500000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
38571000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
59334000
CY2023Q2 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
8750000
CY2022Q4 mgee Accruedinterestandtaxes
Accruedinterestandtaxes
7868000
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
10337000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13064000
CY2023Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
15831000
CY2022Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
11925000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8831000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8057000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
159399000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
225062000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
266807000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
252190000
CY2023Q2 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
47785000
CY2022Q4 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
48735000
CY2023Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
153549000
CY2022Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
156988000
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
54179000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
53607000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17860000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17108000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
96251000
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
96990000
CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
636431000
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
625618000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1112584000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1081674000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
651654000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
585246000
CY2023Q2 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1764238000
CY2022Q4 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
1666920000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2560068000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2517600000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
1048153000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
21761000
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.388
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14014000
CY2022Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
157000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1056057000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1098370000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
28681000
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.408
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14737000
CY2023Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
270000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1112584000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1027468000
us-gaap Net Income Loss
NetIncomeLoss
56181000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.775
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
28027000
us-gaap Stockholders Equity Other
StockholdersEquityOther
435000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
1056057000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1081674000
us-gaap Net Income Loss
NetIncomeLoss
59759000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.815
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29473000
us-gaap Stockholders Equity Other
StockholdersEquityOther
624000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1112584000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16507000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11604000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
838000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
867000
CY2023Q2 us-gaap Margin Deposit Assets
MarginDepositAssets
3912000
CY2022Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
5497000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
21257000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
17968000
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
0.007
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.052
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.057
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.016
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.019
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.001
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.194
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
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
0.007
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.056
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.056
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.004
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.017
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.019
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.187
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185
CY2023Q2 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
400000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
800000
CY2022Q2 mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-300000
mgee Defined Benefit Plan Deferred Net Periodic Benefit Costs
DefinedBenefitPlanDeferredNetPeriodicBenefitCosts
-600000
CY2023Q2 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
CY2022Q2 mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
mgee Stockissuedduringperiodunderthestockplan
Stockissuedduringperiodunderthestockplan
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19290
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1800000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000
CY2023Q2 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
42921000
CY2023Q2 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
64416000
CY2023Q2 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
39943000
CY2023Q2 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
17741000
CY2023Q2 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
2165000
CY2023Q2 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
11995000
CY2021Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
3300000
CY2022Q4 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
8800000
CY2023Q2 mgee Deferredfuelrulesmonitoredcosts
Deferredfuelrulesmonitoredcosts
-1200000
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<span id="xbrl_ts_19f0b3d21df445be886e63f2614417f2"></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;">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><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 refundable or recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
CY2023Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2023Q2 mgee Counterparties In Default
CounterpartiesInDefault
0
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4300000
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4000000
CY2023Q2 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
5400000
CY2022Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
5200000
CY2023Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-3740000
CY2022Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
6779000
CY2022Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-866000
CY2021Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
178000
CY2023Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
848000
CY2022Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
-2026000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryAssets
0
CY2023Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
0
CY2022Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
2180000
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilities
8780000
CY2023Q2 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
CY2022Q2 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
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
903000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6143000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
5574000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6998000
CY2023Q2 mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
0
CY2022Q2 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
0
mgee Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
118000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
0
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
4777000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
11803000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
0
CY2022Q2 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
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2022Q2 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 Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
0
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-903000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
10965000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
-5574000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
18918000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-2892000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
-2892000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
8959000
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
0
CY2022Q2 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
CY2023Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
903000
CY2022Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6143000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
5574000
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-6998000
CY2023Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
147998000

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