2011 Q2 Form 10-Q Financial Statement
#000116172811000030 Filed on August 05, 2011
Income Statement
| Concept | 2011 Q2 |
|---|---|
| Revenue | $117.3M |
| YoY Change | 7.5% |
| Cost Of Revenue | $27.40M |
| YoY Change | 4.18% |
| Gross Profit | $89.90M |
| YoY Change | 8.57% |
| Gross Profit Margin | 76.67% |
| Selling, General & Admin | |
| YoY Change | |
| % of Gross Profit | |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $10.40M |
| YoY Change | 9.47% |
| % of Gross Profit | 11.57% |
| Operating Expenses | $66.70M |
| YoY Change | 6.38% |
| Operating Profit | $23.20M |
| YoY Change | 15.28% |
| Interest Expense | $5.055M |
| YoY Change | -226.38% |
| % of Operating Profit | 21.79% |
| Other Income/Expense, Net | $2.153M |
| YoY Change | 13.32% |
| Pretax Income | $20.30M |
| YoY Change | 12.75% |
| Income Tax | $7.572M |
| % Of Pretax Income | 37.31% |
| Net Earnings | $12.72M |
| YoY Change | 10.14% |
| Net Earnings / Revenue | 10.85% |
| Basic Earnings Per Share | $0.55 |
| Diluted Earnings Per Share | $366.0K |
| COMMON SHARES | |
| Basic Shares Outstanding | 23.11M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q2 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $32.10M |
| YoY Change | 132.61% |
| Cash & Equivalents | $32.05M |
| Short-Term Investments | |
| Other Short-Term Assets | $46.80M |
| YoY Change | 9.86% |
| Inventory | $38.10M |
| Prepaid Expenses | |
| Receivables | $37.10M |
| Other Receivables | $3.700M |
| Total Short-Term Assets | $157.8M |
| YoY Change | 10.35% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $979.1M |
| YoY Change | 2.98% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $55.80M |
| YoY Change | 1.82% |
| Other Assets | $134.3M |
| YoY Change | 7.1% |
| Total Long-Term Assets | $1.173B |
| YoY Change | 3.45% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $157.8M |
| Total Long-Term Assets | $1.173B |
| Total Assets | $1.330B |
| YoY Change | 4.22% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $25.70M |
| YoY Change | 14.22% |
| Accrued Expenses | $12.50M |
| YoY Change | 38.89% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | -100.0% |
| Long-Term Debt Due | $2.700M |
| YoY Change | 58.82% |
| Total Short-Term Liabilities | $52.30M |
| YoY Change | -52.5% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $362.2M |
| YoY Change | 13.15% |
| Other Long-Term Liabilities | $201.4M |
| YoY Change | 2.55% |
| Total Long-Term Liabilities | $563.6M |
| YoY Change | 9.12% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $52.30M |
| Total Long-Term Liabilities | $563.6M |
| Total Liabilities | $792.1M |
| YoY Change | 3.39% |
| 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 | $538.3M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $1.330B |
| YoY Change | 4.22% |
Cashflow Statement
| Concept | 2011 Q2 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $12.72M |
| YoY Change | 10.14% |
| Depreciation, Depletion And Amortization | $10.40M |
| YoY Change | 9.47% |
| Cash From Operating Activities | $29.40M |
| YoY Change | -14.53% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$18.80M |
| YoY Change | 32.39% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $0.00 |
| YoY Change | -100.0% |
| Cash From Investing Activities | -$18.70M |
| YoY Change | 28.97% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -9.300M |
| YoY Change | -44.64% |
| NET CHANGE | |
| Cash From Operating Activities | 29.40M |
| Cash From Investing Activities | -18.70M |
| Cash From Financing Activities | -9.300M |
| Net Change In Cash | 1.400M |
| YoY Change | -54.84% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $29.40M |
| Capital Expenditures | -$18.80M |
| Free Cash Flow | $48.20M |
| YoY Change | -0.82% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
277157000 | USD | |
| mgee |
Equity Method Investment Summarized Financial Information Net Income Loss Before Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes
|
109172000 | USD | |
| mgee |
Equity Method Investment Summarized Financial Information Other Expense
EquityMethodInvestmentSummarizedFinancialInformationOtherExpense
|
819000 | USD | |
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-06-30 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
MGE Energy Inc | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001161728 | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | ||
| dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| CY2011Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
23113638 | shares |
| CY2011Q2 | dei |
Entity Public Float
EntityPublicFloat
|
830046005 | USD |
| CY2011Q2 | mgee |
Smart Grid Grant Amount
SmartGridGrantAmount
|
5500000 | USD |
| CY2011Q2 | mgee |
Total Cost Of Proposed Projects
TotalCostOfProposedProjects
|
11000000 | USD |
| mgee |
Smart Grid Expenditures
SmartGridExpenditures
|
4400000 | USD | |
| CY2011Q2 | mgee |
Smart Grid Commitments
SmartGridCommitments
|
700000 | USD |
| mgee |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
41376000 | USD | |
| us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
277820000 | USD | |
| us-gaap |
Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
|
125335000 | USD | |
| us-gaap |
Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
|
126077000 | USD | |
| mgee |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
41831000 | USD | |
| CY2011Q2 | mgee |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVested
|
2200000 | USD |
| CY2011Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
500000 | USD |
| mgee |
Lenz Oil Remedy Amount Total
LenzOilRemedyAmountTotal
|
2200000 | USD | |
| mgee |
Lenz Oil Remedy Amount Mge
LenzOilRemedyAmountMge
|
100000 | USD | |
| us-gaap |
Site Contingency Loss Exposure Not Accrued Best Estimate
SiteContingencyLossExposureNotAccruedBestEstimate
|
140000000 | USD | |
| us-gaap |
Site Contingency Time Frame Of Disbursements
SiteContingencyTimeFrameOfDisbursements
|
2011 - 2014 | ||
| CY2011Q2 | mgee |
Site Contingency Carrying Cost On Pre Construction Cost
SiteContingencyCarryingCostOnPreConstructionCost
|
1 | pure |
| CY2010Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
138666000 | USD |
| mgee |
Equity Method Investment Summarized Financial Information Net Income Loss Before Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes
|
109875000 | USD | |
| mgee |
Equity Method Investment Summarized Financial Information Other Expense
EquityMethodInvestmentSummarizedFinancialInformationOtherExpense
|
492000 | USD | |
| us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
30000000 | USD | |
| CY2011Q2 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.0474 | pure |
| mgee |
Deb Service Coverage Ratio Min
DebServiceCoverageRatioMin
|
1.00 | pure | |
| mgee |
Debt Service Coverage Ratio Max
DebtServiceCoverageRatioMax
|
1.25 | pure | |
| us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2041-02-25 | ||
| us-gaap |
Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
|
MGE sold a parcel of land in Middleton, Wisconsin to ATC | ||
| us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
2700000 | USD | |
| us-gaap |
Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
|
2600000 | USD | |
| CY2011Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
55800000 | USD |
| CY2010Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
54200000 | USD |
| mgee |
Site Contingency Incurred Costs
SiteContingencyIncurredCosts
|
1100000 | USD | |
| CY2011Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
|
138203000 | USD |
| CY2011Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
|
62951000 | USD |
| CY2011Q2 | mgee |
Equity Method Investment Summarized Financial Information Other Expense
EquityMethodInvestmentSummarizedFinancialInformationOtherExpense
|
134000 | USD |
| CY2011Q2 | mgee |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
19479000 | USD |
| CY2011Q2 | mgee |
Equity Method Investment Summarized Financial Information Net Income Loss Before Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes
|
55639000 | USD |
| CY2010Q2 | us-gaap |
Equity Method Investment Summarized Financial Information Cost Of Sales
EquityMethodInvestmentSummarizedFinancialInformationCostOfSales
|
62523000 | USD |
| CY2010Q2 | mgee |
Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
|
21467000 | USD |
| CY2010Q2 | mgee |
Equity Method Investment Summarized Financial Information Net Income Loss Before Taxes
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossBeforeTaxes
|
54055000 | USD |
| CY2010Q2 | mgee |
Equity Method Investment Summarized Financial Information Other Expense
EquityMethodInvestmentSummarizedFinancialInformationOtherExpense
|
621000 | USD |
| CY2011Q2 | mgee |
Liability For Tax Uncertainty
LiabilityForTaxUncertainty
|
600000 | USD |
| CY2011Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
5000000 | USD |
| CY2010Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
4400000 | USD |
| mgee |
Columbia Clean Air Act Litigation Civil Penalties
ColumbiaCleanAirActLitigationCivilPenalties
|
37500 | USD | |
| mgee |
Deferred Pension And Oprb Costs Recovered
DeferredPensionAndOprbCostsRecovered
|
1300000 | USD | |
| mgee |
Deferred Pension And Oprb Costs Recovered
DeferredPensionAndOprbCostsRecovered
|
1300000 | USD | |
| CY2010Q2 | mgee |
Deferred Pension And Oprb Costs Recovered
DeferredPensionAndOprbCostsRecovered
|
700000 | USD |
| CY2011Q2 | mgee |
Deferred Pension And Oprb Costs Recovered
DeferredPensionAndOprbCostsRecovered
|
700000 | USD |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
15655 | shares | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
|
800000 | USD | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
|
400000 | USD | |
| mgee |
Share Based Compensation Arrangement By Share Based Payment Award Cash Payment Prior Activity
ShareBasedCompensationArrangementByShareBasedPaymentAwardCashPaymentPriorActivity
|
500000 | USD | |
| CY2010Q2 | mgee |
Fairvaluemeasurementwithunobservableinputsreconciliation Recurring Basis Asset Gain Loss Included In Current Assets
FairvaluemeasurementwithunobservableinputsreconciliationRecurringBasisAssetGainLossIncludedInCurrentAssets
|
0 | USD |
| mgee |
Natural Gas Supply Commitments Table Textblock
NaturalGasSupplyCommitmentsTableTextblock
|
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:center;border-color:#000000;min-width:135px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(In thousands)</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;"> </td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:left;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2011</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,590</font></td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:left;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2012</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">15,832</font></td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:left;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2013</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:left;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2014</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr><tr style="height: 15px"><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td><td style="width: 135px; text-align:left;border-color:#000000;min-width:135px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">2015</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0</font></td><td style="width: 207px; text-align:left;border-color:#000000;min-width:207px;"> </td></tr></table></div> | ||
| CY2011Q2 | mgee |
Minimum Capacity For Regulation Csapr
MinimumCapacityForRegulationCsapr
|
25 | MW |
| CY2011Q2 | mgee |
Minimum Ghg Emissions For Regulation
MinimumGhgEmissionsForRegulation
|
25000 | Tons |
| CY2011Q2 | us-gaap |
Servicing Asset At Amortized Value
ServicingAssetAtAmortizedValue
|
200000 | USD |
| CY2011Q2 | mgee |
Outstanding Interest In Chattel Paper Receivables
OutstandingInterestInChattelPaperReceivables
|
4100000 | USD |
| CY2011Q2 | mgee |
Chattel Paper Purchase Agreement Maximum Interest
ChattelPaperPurchaseAgreementMaximumInterest
|
10000000 | USD |
| CY2011Q2 | mgee |
Blount Capacity Current Megwatts
BlountCapacityCurrentMegwatts
|
190 | MW |
| CY2011Q2 | mgee |
Blount Capacity Future Megawatts
BlountCapacityFutureMegawatts
|
100 | MW |
| CY2011Q2 | mgee |
Blount Capacity Reduction Megawatts
BlountCapacityReductionMegawatts
|
90 | MW |
| CY2012 | us-gaap |
Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
|
300000 | USD |
| CY2013 | us-gaap |
Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
|
300000 | USD |
| CY2010Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
259000 | USD |
| us-gaap |
Restructuring Reserve Period Expense
RestructuringReservePeriodExpense
|
56000 | USD | |
| us-gaap |
Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
|
24000 | USD | |
| CY2011Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
291000 | USD |
| mgee |
Accelerated Depreciation Recovered
AcceleratedDepreciationRecovered
|
1700000 | USD | |
| mgee |
Accelerated Depreciation Recovered
AcceleratedDepreciationRecovered
|
1700000 | USD | |
| us-gaap |
Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:45px;">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 and gas revenues. 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, MGE Energy and MGE recognize such derivatives in the consolidated balance sheets at fair value</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> The majority of MGE's 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 </font><font style="font-family:Times New Roman;font-size:10pt;">ranges from eighteen months to four years.</font><font style="font-family:Times New Roman;font-size:10pt;"> If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability. 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</font></p> | ||
| CY2011Q2 | mgee |
Gross Notional Amount Of Commodity Derivatives Megawatt Hours
GrossNotionalAmountOfCommodityDerivativesMegawattHours
|
550475 | MWh |
| CY2010Q4 | mgee |
Gross Notional Amount Of Commodity Derivatives Megawatt Hours
GrossNotionalAmountOfCommodityDerivativesMegawattHours
|
544820 | MWh |
| CY2010Q4 | mgee |
Gross Notional Amount Of Commodity Dekatherms
GrossNotionalAmountOfCommodityDekatherms
|
5420000 | Dth |
| CY2011Q2 | mgee |
Gross Notional Amount Of Commodity Dekatherms
GrossNotionalAmountOfCommodityDekatherms
|
5000000 | Dth |
| CY2011Q2 | mgee |
Gross Notional Amount Of Ftrs Megawatts
GrossNotionalAmountOfFtrsMegawatts
|
5088 | MW |
| CY2010Q4 | mgee |
Gross Notional Amount Of Ftrs Megawatts
GrossNotionalAmountOfFtrsMegawatts
|
2609 | MW |
| CY2011Q2 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
0 | USD |
| CY2010Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
500000 | USD |
| CY2011Q2 | mgee |
Derivative Fair Value Of Derivative Net Exchange Traded And Ftrs
DerivativeFairValueOfDerivativeNetExchangeTradedAndFtrs
|
1000000 | USD |
| CY2010Q4 | mgee |
Derivative Fair Value Of Derivative Net Exchange Traded And Ftrs
DerivativeFairValueOfDerivativeNetExchangeTradedAndFtrs
|
-200000 | USD |
| CY2010Q4 | mgee |
Derivative Fair Value Of Derivative Net Ppa
DerivativeFairValueOfDerivativeNetPpa
|
-19000000 | USD |
| CY2011Q2 | mgee |
Derivative Fair Value Of Derivative Net Ppa
DerivativeFairValueOfDerivativeNetPpa
|
-23600000 | USD |
| CY2011Q2 | mgee |
Purchased Gas Adjustment Over Collected
PurchasedGasAdjustmentOverCollected
|
1600000 | USD |
| CY2010Q4 | mgee |
Purchased Gas Adjustment Over Collected
PurchasedGasAdjustmentOverCollected
|
4800000 | USD |
| CY2010 | mgee |
Authorized Return On Common Stock
AuthorizedReturnOnCommonStock
|
0.104 | pure |
| CY2010 | mgee |
Fuel Rules Bandwidth
FuelRulesBandwidth
|
0.02 | pure |
| CY2010 | mgee |
Authorized Percent Increase Decrease Electric
AuthorizedPercentIncreaseDecreaseElectric
|
0.033 | pure |
| CY2010 | mgee |
Authorized Rate Increase Decrease Electric
AuthorizedRateIncreaseDecreaseElectric
|
11900000 | USD |
| CY2011Q2 | mgee |
Collateral Required To Post For Ppa Minimum
CollateralRequiredToPostForPpaMinimum
|
20000000 | USD |
| CY2011Q2 | mgee |
Collateral Required To Post For Ppa Maximum
CollateralRequiredToPostForPpaMaximum
|
40000000 | USD |
| CY2011 | mgee |
Authorized Percent Increase Decrease Electric
AuthorizedPercentIncreaseDecreaseElectric
|
0.023 | pure |
| CY2011 | mgee |
Authorized Percent Increase Decrease Gas
AuthorizedPercentIncreaseDecreaseGas
|
0.01 | pure |
| CY2011 | mgee |
Authorized Return On Common Stock
AuthorizedReturnOnCommonStock
|
0.103 | pure |
| CY2011Q4 | mgee |
Utility Common Equity
UtilityCommonEquity
|
0.581 | pure |
| CY2011 | mgee |
Electric Fuel Deferred Costs Upper Threshold
ElectricFuelDeferredCostsUpperThreshold
|
1.02 | pure |
| CY2011 | mgee |
Electric Fuel Deferred Costs Lower Threshold
ElectricFuelDeferredCostsLowerThreshold
|
0.98 | pure |
| CY2011 | mgee |
Fuel Rules Bandwidth
FuelRulesBandwidth
|
0.02 | pure |
| CY2011 | mgee |
Authorized Rate Increase Decrease Electric
AuthorizedRateIncreaseDecreaseElectric
|
8000000 | USD |
| CY2011 | mgee |
Authorized Rate Increase Decrease Gas
AuthorizedRateIncreaseDecreaseGas
|
1900000 | USD |
| CY2012 | mgee |
Proposed Percent Increase Decrease Electric
ProposedPercentIncreaseDecreaseElectric
|
0.049 | pure |
| CY2012 | mgee |
Proposed Percent Increase Decrease Gas
ProposedPercentIncreaseDecreaseGas
|
0.012 | pure |
| CY2011Q2 | mgee |
Increased Electric Fuel Costs Deferred
IncreasedElectricFuelCostsDeferred
|
2700000 | USD |
| CY2010 | mgee |
Authorized Electric Fuel Costs Refund
AuthorizedElectricFuelCostsRefund
|
300000 | USD |
| CY2010Q4 | mgee |
Utility Common Equity
UtilityCommonEquity
|
0.553 | pure |
| CY2010 | mgee |
Authorized Rate Increase Decrease Gas
AuthorizedRateIncreaseDecreaseGas
|
-1500000 | USD |
| CY2010 | mgee |
Authorized Percent Increase Decrease Gas
AuthorizedPercentIncreaseDecreaseGas
|
-0.0074 | pure |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
579000 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
0 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
334000 | USD |
| CY2011Q2 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
0 | USD |
| CY2011Q2 | mgee |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Regulatory Assets Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInRegulatoryAssetsLiabilities
|
-835000 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome
|
0 | USD |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
334000 | USD | |
| mgee |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Regulatory Assets Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInRegulatoryAssetsLiabilities
|
-3767000 | USD | |
| mgee |
Deferred Compensation Interest Calculation Treasury Bills Maturity
DeferredCompensationInterestCalculationTreasuryBillsMaturity
|
26 | ||
| mgee |
Deferred Compensation Interest Calculation Increase Compounded Monthly
DeferredCompensationInterestCalculationIncreaseCompoundedMonthly
|
0.01 | pure | |
| mgee |
Deferred Compensation Interest Calculation Minimum Annual Rate
DeferredCompensationInterestCalculationMinimumAnnualRate
|
0.07 | pure | |
| CY2011Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-22148000 | USD |
| CY2010Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-19662000 | USD |
| CY2010Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-19216000 | USD |
| CY2009Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-13047000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
0 | USD |
| CY2010Q2 | mgee |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Regulatory Assets Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInRegulatoryAssetsLiabilities
|
2058000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
0 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
-435000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-17604000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
|
0 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
-435000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome
|
0 | USD |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-71000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
740000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
564000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome
|
0 | USD | |
| us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
0 | USD | |
| mgee |
Fairvaluemeasurementwithunobservableinputsreconciliation Recurring Basis Asset Gain Loss Included In Current Assets
FairvaluemeasurementwithunobservableinputsreconciliationRecurringBasisAssetGainLossIncludedInCurrentAssets
|
-229000 | USD | |
| CY2010Q2 | us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
0 | USD |
| CY2010Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
684000 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
-22983000 | USD |
| CY2011Q2 | mgee |
Fairvaluemeasurementwithunobservableinputsreconciliation Recurring Basis Asset Gain Loss Included In Current Assets
FairvaluemeasurementwithunobservableinputsreconciliationRecurringBasisAssetGainLossIncludedInCurrentAssets
|
-229000 | USD |
| CY2011Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
|
0 | USD |
| mgee |
Fairvaluemeasurementwithunobservableinputsreconciliation Recurring Basis Asset Gain Loss Included In Current Assets
FairvaluemeasurementwithunobservableinputsreconciliationRecurringBasisAssetGainLossIncludedInCurrentAssets
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues
|
0 | USD | |
| mgee |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Regulatory Assets Liabilities
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInRegulatoryAssetsLiabilities
|
-4557000 | USD | |
| us-gaap |
Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInInvestmentIncome
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncome
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings
|
-1101000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
|
0 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
|
-1000000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
-101000 | USD | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
0 | USD | |
| CY2011Q2 | us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
579000 | USD |
| CY2010Q2 | us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
-435000 | USD |
| us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
-1101000 | USD | |
| us-gaap |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
564000 | USD | |
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:45px;">In </font><font style="font-family:Times New Roman;font-size:10pt;">May 2011</font><font style="font-family:Times New Roman;font-size:10pt;">, the FASB issued authoritative guidance within the Codification's Fair Value Measurements and Disclosures topic that provides guidance </font><font style="font-family:Times New Roman;font-size:10pt;">on additional disclosures about </font><font style="font-family:Times New Roman;font-size:10pt;">fair value measurements, specifically related to Level 3 assets and liabilities. </font><font style="font-family:Times New Roman;font-size:10pt;">This </font><font style="font-family:Times New Roman;font-size:10pt;">authoritative guidance will beco</font><font style="font-family:Times New Roman;font-size:10pt;">me effective January 1, 2012. The authoritative guidance will not have a material financial impact, but will</font><font style="font-family:Times New Roman;font-size:10pt;"> require additional disclosures.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:27px;">b.       </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Presentation of Comprehensive Income</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:27px;">       </font><font style="font-family:Times New Roman;font-size:10pt;">In June 2011, the FASB issued authoritative guidance within the Codification's Comprehensive Income topic that provides guidance on present</font><font style="font-family:Times New Roman;font-size:10pt;">ation of compr</font><font style="font-family:Times New Roman;font-size:10pt;">ehensive income. Comprehensive i</font><font style="font-family:Times New Roman;font-size:10pt;">ncome will be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. </font><font style="font-family:Times New Roman;font-size:10pt;">This authoritative guidance will become effective January 1, 2012.</font><font style="font-family:Times New Roman;font-size:10pt;"> The authoritative guidance will have an effect on our financial statement presentation of </font><font style="font-family:Times New Roman;font-size:10pt;">c</font><font style="font-family:Times New Roman;font-size:10pt;">omprehensive </font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">ncome.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> |
