$MGEE
MGE ENERGY INC

2012 Q2 Form 10-Q Financial Statement

#000116172812000018 Filed on August 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $117.2M $117.3M
YoY Change -0.03% 7.5%
Cost Of Revenue $25.10M $27.40M
YoY Change -8.39% 4.18%
Gross Profit $92.10M $89.90M
YoY Change 2.45% 8.57%
Gross Profit Margin 78.57% 76.67%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.700M $10.40M
YoY Change -6.73% 9.47%
% of Gross Profit 10.53% 11.57%
Operating Expenses $67.00M $66.70M
YoY Change 0.45% 6.38%
Operating Profit $25.08M $23.20M
YoY Change 8.12% 15.28%
Interest Expense $4.764M $5.055M
YoY Change -5.76% -226.38%
% of Operating Profit 18.99% 21.79%
Other Income/Expense, Net $2.549M $2.153M
YoY Change 18.39% 13.32%
Pretax Income $22.87M $20.30M
YoY Change 12.67% 12.75%
Income Tax $8.596M $7.572M
% Of Pretax Income 37.59% 37.31%
Net Earnings $14.27M $12.72M
YoY Change 12.16% 10.14%
Net Earnings / Revenue 12.17% 10.85%
Basic Earnings Per Share $0.62 $0.55
Diluted Earnings Per Share $412.1K $366.0K
COMMON SHARES
Basic Shares Outstanding 23.11M shares 23.11M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.30M $32.10M
YoY Change 28.66% 132.61%
Cash & Equivalents $41.29M $32.05M
Short-Term Investments
Other Short-Term Assets $7.056M $46.80M
YoY Change -84.92% 9.86%
Inventory $38.50M $38.10M
Prepaid Expenses
Receivables $30.55M $37.10M
Other Receivables $5.381M $3.700M
Total Short-Term Assets $178.7M $157.8M
YoY Change 13.24% 10.35%
LONG-TERM ASSETS
Property, Plant & Equipment $969.7M $979.1M
YoY Change -0.96% 2.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $62.30M $55.80M
YoY Change 11.65% 1.82%
Other Assets $6.830M $134.3M
YoY Change -94.91% 7.1%
Total Long-Term Assets $1.328B $1.173B
YoY Change 13.24% 3.45%
TOTAL ASSETS
Total Short-Term Assets $178.7M $157.8M
Total Long-Term Assets $1.328B $1.173B
Total Assets $1.507B $1.330B
YoY Change 13.24% 4.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.24M $25.70M
YoY Change 9.88% 14.22%
Accrued Expenses $11.90M $12.50M
YoY Change -4.8% 38.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $2.667M $2.700M
YoY Change -1.22% 58.82%
Total Short-Term Liabilities $62.12M $52.30M
YoY Change 18.78% -52.5%
LONG-TERM LIABILITIES
Long-Term Debt $360.2M $362.2M
YoY Change -0.56% 13.15%
Other Long-Term Liabilities $46.08M $201.4M
YoY Change -77.12% 2.55%
Total Long-Term Liabilities $520.6M $563.6M
YoY Change -7.62% 9.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.12M $52.30M
Total Long-Term Liabilities $520.6M $563.6M
Total Liabilities $582.8M $792.1M
YoY Change -26.43% 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 $563.6M $538.3M
YoY Change
Total Liabilities & Shareholders Equity $1.507B $1.330B
YoY Change 13.24% 4.22%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $14.27M $12.72M
YoY Change 12.16% 10.14%
Depreciation, Depletion And Amortization $9.700M $10.40M
YoY Change -6.73% 9.47%
Cash From Operating Activities $36.10M $29.40M
YoY Change 22.79% -14.53%
INVESTING ACTIVITIES
Capital Expenditures -$24.10M -$18.80M
YoY Change 28.19% 32.39%
Acquisitions
YoY Change
Other Investing Activities -$1.100M $0.00
YoY Change -100.0%
Cash From Investing Activities -$25.10M -$18.70M
YoY Change 34.22% 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 -10.30M -9.300M
YoY Change 10.75% -44.64%
NET CHANGE
Cash From Operating Activities 36.10M 29.40M
Cash From Investing Activities -25.10M -18.70M
Cash From Financing Activities -10.30M -9.300M
Net Change In Cash 700.0K 1.400M
YoY Change -50.0% -54.84%
FREE CASH FLOW
Cash From Operating Activities $36.10M $29.40M
Capital Expenditures -$24.10M -$18.80M
Free Cash Flow $60.20M $48.20M
YoY Change 24.9% -0.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q2 us-gaap Electric Domestic Regulated Revenue
ElectricDomesticRegulatedRevenue
96339000 USD
CY2012Q2 us-gaap Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
18629000 USD
CY2012Q2 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
2253000 USD
CY2012Q2 mgee Utilities Operating Expense Fuel For Electric Generation
UtilitiesOperatingExpenseFuelForElectricGeneration
11481000 USD
CY2012Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
17314000 USD
CY2012Q2 mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
7801000 USD
CY2012Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
41278000 USD
CY2012Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
92140000 USD
CY2011Q2 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
94062000 USD
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2012Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.383
CY2011Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.375
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23114000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23114000 shares
CY2011Q2 us-gaap Electric Domestic Regulated Revenue
ElectricDomesticRegulatedRevenue
90834000 USD
CY2011Q2 us-gaap Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
25062000 USD
CY2011Q2 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
1363000 USD
CY2011Q2 mgee Utilities Operating Expense Fuel For Electric Generation
UtilitiesOperatingExpenseFuelForElectricGeneration
11599000 USD
CY2011Q2 us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
14392000 USD
CY2011Q2 mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
13052000 USD
CY2011Q2 us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
40657000 USD
CY2012Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
117221000 USD
CY2011Q2 us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
117259000 USD
CY2012Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
9712000 USD
CY2011Q2 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
10357000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25081000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
23197000 USD
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2549000 USD
CY2011Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2153000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
4764000 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
5055000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
14270000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
22866000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8596000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
20295000 USD
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7572000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
12723000 USD
CY2012Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
4554000 USD
CY2011Q2 us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
4005000 USD
us-gaap Electric Domestic Regulated Revenue
ElectricDomesticRegulatedRevenue
186275000 USD
us-gaap Electric Domestic Regulated Revenue
ElectricDomesticRegulatedRevenue
176841000 USD
us-gaap Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
75648000 USD
us-gaap Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
102499000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
4557000 USD
us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
2524000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
266480000 USD
us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
281864000 USD
mgee Utilities Operating Expense Fuel For Electric Generation
UtilitiesOperatingExpenseFuelForElectricGeneration
20332000 USD
mgee Utilities Operating Expense Fuel For Electric Generation
UtilitiesOperatingExpenseFuelForElectricGeneration
22648000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
36860000 USD
us-gaap Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
31973000 USD
mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
42646000 USD
mgee Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
63999000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
84227000 USD
us-gaap Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
80070000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
19336000 USD
us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
20373000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
9554000 USD
us-gaap Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
8706000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
212955000 USD
us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
227769000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
53525000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
54095000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5119000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4539000 USD
us-gaap Interest Expense
InterestExpense
9868000 USD
us-gaap Interest Expense
InterestExpense
9905000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
48776000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
48729000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18458000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18223000 USD
us-gaap Net Income Loss
NetIncomeLoss
30318000 USD
us-gaap Net Income Loss
NetIncomeLoss
30506000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23114000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23114000 shares
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.750
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.766
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.31
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14306000 USD
CY2011Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12717000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
6000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
24000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30361000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
30572000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
29000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
0 USD
us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
10000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
54000 USD
CY2012Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
0 USD
CY2011Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax
10000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
36000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
43000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
81000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
9000 USD
CY2011Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
15000 USD
CY2012Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
0 USD
us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
0 USD
us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
15000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-14657000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1013000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-9263000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1207000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
9222000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1102000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
6818000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-725000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-29171000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-8629000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3494000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
3327000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
945000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-10948000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-15323000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-3152000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
19932000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
67423000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60786000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
21593000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-40831000 USD
CY2012Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
16875000 USD
CY2012Q2 us-gaap Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
8928000 USD
CY2012Q2 us-gaap Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
12716000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
938000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41169000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41288000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7110000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32054000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4779000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
963000 USD
CY2012Q2 us-gaap Margin Deposit Assets
MarginDepositAssets
2695000 USD
CY2012Q2 mgee Unbilled Revenues
UnbilledRevenues
22311000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28591000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39553000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
691000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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90000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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338000 USD
us-gaap Payments To Acquire Other Investments
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1801000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-19836000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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28000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11306000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-22500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17340000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-299000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-815000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17687000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1167000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
29334000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
119000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24944000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4484000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4267000 USD
CY2012Q2 us-gaap Prepaid Taxes
PrepaidTaxes
21242000 USD
CY2012Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
9643000 USD
CY2012Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7056000 USD
CY2012Q2 us-gaap Assets Current
AssetsCurrent
178686000 USD
CY2012Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
235570000 USD
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6830000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
969707000 USD
CY2012Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
53434000 USD
CY2012Q2 mgee Total Property Plant And Equipment
TotalPropertyPlantAndEquipment
1023141000 USD
CY2012Q2 us-gaap Investments
Investments
62323000 USD
CY2012Q2 us-gaap Assets
Assets
1506550000 USD
CY2012Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2667000 USD
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
28238000 USD
CY2012Q2 mgee Accrued Interest And Taxes
AccruedInterestAndTaxes
4131000 USD
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
7789000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3662000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
2791000 USD
CY2012Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6324000 USD
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
62120000 USD
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
215151000 USD
CY2012Q2 us-gaap Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
1650000 USD
CY2012Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
21170000 USD
CY2012Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
167028000 USD
CY2012Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
46076000 USD
CY2012Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
520645000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
563626000 USD
CY2012Q2 us-gaap Long Term Debt Noncurrent
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360159000 USD
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20463000 USD
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StockholdersEquity
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43000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
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66000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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us-gaap Dividends Common Stock Cash
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10-Q
dei Amendment Flag
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false
dei Document Period End Date
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2012-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Entity Registrant Name
EntityRegistrantName
MGE Energy Inc
dei Entity Central Index Key
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0001161728
dei Current Fiscal Year End Date
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dei Entity Well Known Seasoned Issuer
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Yes
dei Entity Voluntary Filers
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No
dei Entity Current Reporting Status
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Yes
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ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
800000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
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CY2011Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2400000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2500000 USD
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2011Q2 mgee Deferred Pension And Oprb Costs Recovered
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700000 USD
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300000 USD
mgee Deferred Pension And Oprb Costs Recovered
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1300000 USD
mgee Deferred Pension And Oprb Costs Recovered
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600000 USD
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600000 USD
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2800000 USD
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500000 USD
CY2012Q2 mgee Chattel Paper Purchase Agreement Maximum Interest
ChattelPaperPurchaseAgreementMaximumInterest
10000000 USD
CY2012Q2 mgee Outstanding Interest In Chattel Paper Receivables
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4500000 USD
CY2012Q2 us-gaap Servicing Asset At Amortized Value
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200000 USD
CY2012Q2 mgee Capital Contribution Commitment
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2000000 USD
CY2012Q2 mgee Smart Grid Grant Amount
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5500000 USD
CY2012Q2 mgee Total Cost Of Proposed Projects
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11000000 USD
mgee Smart Grid Expenditures
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7600000 USD
CY2012Q2 mgee Minimum Capacity For Regulation Csapr
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25 MW
CY2012Q2 mgee Cair Phase One Emission Reductions For Nox
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0.55 pure
CY2012Q2 mgee Cair Phase One Emission Reductions For So2
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0.4 pure
CY2012Q2 mgee Cair Phase Two Emission Reductions For Nox
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0.65 pure
CY2012Q2 mgee Cair Phase Two Emission Reductions For So2
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0.7 pure
CY2012Q2 mgee Coal Fired Electric Generating Units Mw Requirement
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150 MW
CY2012Q2 mgee Minimum Amount Fleet Wide Mercury Reduction In Wisconsin Phase Two
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0.9 pure
us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<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&#160;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;">is </font><font style="font-family:Times New Roman;font-size:10pt;">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>
CY2012Q2 mgee Gross Notional Amount Of Commodity Derivatives Megawatt Hours
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460825 MWh
CY2011Q4 mgee Gross Notional Amount Of Commodity Derivatives Megawatt Hours
GrossNotionalAmountOfCommodityDerivativesMegawattHours
482545 MWh
CY2011Q4 mgee Gross Notional Amount Of Commodity Dekatherms
GrossNotionalAmountOfCommodityDekatherms
4030000 Dth
CY2012Q2 mgee Gross Notional Amount Of Commodity Dekatherms
GrossNotionalAmountOfCommodityDekatherms
3550000 Dth
CY2012Q2 mgee Gross Notional Amount Of Ftrs Megawatts
GrossNotionalAmountOfFtrsMegawatts
5587 MW
CY2011Q4 mgee Gross Notional Amount Of Ftrs Megawatts
GrossNotionalAmountOfFtrsMegawatts
2382 MW
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700000 USD
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3000000 USD
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400000 USD
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20000000 USD
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40000000 USD
CY2012Q2 mgee Counterparties In Net Liability Position
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0 USD
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0 USD
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CY2013 mgee Proposed Percent Increase Decrease Gas
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0.026 pure
CY2012 mgee Authorized Percent Increase Decrease Electric
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0.043 pure
CY2012 mgee Authorized Percent Increase Decrease Gas
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0.003 pure
CY2012 mgee Authorized Rate Increase Decrease Electric
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15700000 USD
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600000 USD
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CY2011 mgee Authorized Return On Common Stock
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0.103 pure
CY2011 mgee Authorized Percent Increase Decrease Electric
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0.023 pure
CY2011 mgee Authorized Percent Increase Decrease Gas
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0.01 pure
CY2011 mgee Fuel Rules Bandwidth
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0.02 pure
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8000000 USD
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1900000 USD
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CY2012 mgee Electric Fuel Deferred Costs Lower Threshold
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CY2012Q2 mgee Increased Electric Fuel Costs Deferred
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1900000 USD
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900000 USD
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422000 USD
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422000 USD
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79362000 USD
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1856000 USD
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350000 USD
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1725000 USD
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350000 USD
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42356000 USD
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81218000 USD
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44081000 USD
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mgee Fair Value Inputs Delivery Points Basis Adjustment Off Peak
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CY2012Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2011Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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CY2011Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
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CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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CY2012Q2 mgee Fairvaluemeasurementwithunobservableinputsreconciliation Recurring Basis Asset Gain Loss Included In Current Assets
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CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Issues
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CY2012Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings
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CY2012Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
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CY2011Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
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us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss Included In Investment Income
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740000 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 Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
-71000 USD
CY2012Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-1726000 USD
CY2011Q2 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
579000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-3228000 USD
us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
564000 USD
mgee Deferred Compensation Interest Calculation Treasury Bills Maturity
DeferredCompensationInterestCalculationTreasuryBillsMaturity
26 pure
mgee Deferred Compensation Interest Calculation Increase Compounded Monthly
DeferredCompensationInterestCalculationIncreaseCompoundedMonthly
0.01 pure
mgee Deferred Compensation Interest Calculation Minimum Annual Rate
DeferredCompensationInterestCalculationMinimumAnnualRate
0.07 pure
CY2012Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2012Q2 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
117221000 USD
CY2012Q2 mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
82428000 USD
CY2011Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
CY2011Q2 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
117259000 USD
CY2011Q2 mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
83705000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
266480000 USD
mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
193619000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
281864000 USD
us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0 USD
mgee Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
207396000 USD
CY2011 us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
65176000 USD
us-gaap Additions To Noncurrent Assets
AdditionsToNoncurrentAssets
39553000 USD

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