2018 Q2 Form 10-Q Financial Statement
#000116172818000020 Filed on May 08, 2018
Income Statement
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| Revenue | $124.3M | $157.6M | $156.8M |
| YoY Change | -1.74% | 0.52% | 6.3% |
| Cost Of Revenue | $22.50M | $56.70M | $51.10M |
| YoY Change | -13.46% | 10.96% | 8.26% |
| Gross Profit | $101.8M | $100.9M | $105.7M |
| YoY Change | 1.29% | -4.54% | 5.38% |
| Gross Profit Margin | 81.92% | 64.01% | 67.4% |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $13.90M | $13.60M | $13.00M |
| YoY Change | 5.3% | 4.62% | 18.18% |
| % of Gross Profit | 13.65% | 13.48% | 12.3% |
| Operating Expenses | $77.50M | $74.70M | $73.90M |
| YoY Change | 3.47% | 1.08% | 4.38% |
| Operating Profit | $24.23M | $26.19M | $31.84M |
| YoY Change | -5.33% | -17.74% | 7.81% |
| Interest Expense | -$4.800M | -$4.700M | -$4.900M |
| YoY Change | -2.04% | -4.08% | -2.0% |
| % of Operating Profit | -19.81% | -17.95% | -15.39% |
| Other Income/Expense, Net | $4.731M | $4.919M | $3.525M |
| YoY Change | 32.52% | 39.55% | 44.35% |
| Pretax Income | $24.18M | $26.37M | $30.47M |
| YoY Change | -0.41% | -13.45% | 12.95% |
| Income Tax | $5.828M | $6.367M | $11.17M |
| % Of Pretax Income | 24.1% | 24.15% | 36.65% |
| Net Earnings | $18.35M | $20.00M | $19.30M |
| YoY Change | 18.07% | 3.63% | 13.34% |
| Net Earnings / Revenue | 14.77% | 12.69% | 12.31% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $530.3K | $576.4K | $556.2K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 34.67M shares | 34.67M shares | 34.67M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $95.60M | $101.2M | $117.7M |
| YoY Change | -7.09% | -14.02% | 20.97% |
| Cash & Equivalents | $95.58M | $101.2M | $122.7M |
| Short-Term Investments | |||
| Other Short-Term Assets | $12.71M | $11.18M | $57.60M |
| YoY Change | 12.31% | -80.6% | 476.46% |
| Inventory | $41.80M | $36.70M | $33.20M |
| Prepaid Expenses | |||
| Receivables | $35.47M | $43.31M | $39.80M |
| Other Receivables | $7.808M | $5.851M | $5.800M |
| Total Short-Term Assets | $242.3M | $248.7M | $254.1M |
| YoY Change | -2.8% | -2.11% | 2.79% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $1.420B | $1.366B | $1.287B |
| YoY Change | 9.32% | 6.14% | 2.85% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $72.10M | $72.20M | $81.80M |
| YoY Change | -15.08% | -11.74% | 8.63% |
| Other Assets | $5.379M | $2.150M | $162.2M |
| YoY Change | -13.63% | -98.67% | 2404.63% |
| Total Long-Term Assets | $1.651B | $1.595B | $1.531B |
| YoY Change | 6.99% | 4.16% | 3.24% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $242.3M | $248.7M | $254.1M |
| Total Long-Term Assets | $1.651B | $1.595B | $1.531B |
| Total Assets | $1.893B | $1.844B | $1.785B |
| YoY Change | 5.63% | 3.26% | 3.17% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $37.50M | $35.03M | $36.90M |
| YoY Change | 10.14% | -5.08% | -10.29% |
| Accrued Expenses | $15.80M | $12.90M | $16.10M |
| YoY Change | 3.27% | -19.88% | 24.81% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $28.20M | $3.000M | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $4.502M | $24.48M | $4.400M |
| YoY Change | 2.23% | 456.3% | -87.16% |
| Total Short-Term Liabilities | $118.4M | $106.2M | $83.50M |
| YoY Change | 41.63% | 27.22% | -29.19% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $416.1M | $397.1M | $391.5M |
| YoY Change | 6.58% | 1.44% | 10.04% |
| Other Long-Term Liabilities | $338.4M | $68.75M | $197.2M |
| YoY Change | 73.09% | -65.14% | 214.92% |
| Total Long-Term Liabilities | $754.5M | $553.2M | $588.7M |
| YoY Change | 28.78% | -6.03% | 5.2% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $118.4M | $106.2M | $83.50M |
| Total Long-Term Liabilities | $754.5M | $553.2M | $588.7M |
| Total Liabilities | $1.099B | $659.4M | $1.053B |
| YoY Change | 4.22% | -37.35% | 55.34% |
| 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 | $794.2M | $787.0M | $732.8M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $1.893B | $1.844B | $1.785B |
| YoY Change | 5.63% | 3.26% | 3.17% |
Cashflow Statement
| Concept | 2018 Q2 | 2018 Q1 | 2017 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $18.35M | $20.00M | $19.30M |
| YoY Change | 18.07% | 3.63% | 13.34% |
| Depreciation, Depletion And Amortization | $13.90M | $13.60M | $13.00M |
| YoY Change | 5.3% | 4.62% | 18.18% |
| Cash From Operating Activities | $44.60M | $46.98M | $41.25M |
| YoY Change | 73.54% | 13.88% | -5.66% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$62.80M | $37.63M | $16.12M |
| YoY Change | 140.61% | 133.49% | 3.04% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$800.0K | $35.00K | -$928.0K |
| YoY Change | -70.37% | -103.77% | -607.1% |
| Cash From Investing Activities | -$63.60M | -$39.54M | -$18.13M |
| YoY Change | 120.83% | 118.13% | 9.89% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $1.103M | $31.08M | |
| YoY Change | -96.45% | 2834.84% | |
| Cash From Financing Activities | 12.90M | -$13.28M | -$2.029M |
| YoY Change | -209.32% | 554.71% | -82.02% |
| NET CHANGE | |||
| Cash From Operating Activities | 44.60M | $46.98M | $41.25M |
| Cash From Investing Activities | -63.60M | -$39.54M | -$18.13M |
| Cash From Financing Activities | 12.90M | -$13.28M | -$2.029M |
| Net Change In Cash | -6.100M | -$5.849M | $21.10M |
| YoY Change | -59.06% | -127.73% | 32.28% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $44.60M | $46.98M | $41.25M |
| Capital Expenditures | -$62.80M | $37.63M | $16.12M |
| Free Cash Flow | $107.4M | $9.347M | $25.14M |
| YoY Change | 107.34% | -62.81% | -10.51% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2017Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
42299000 | USD |
| CY2017Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
9440000 | USD |
| CY2017Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
2072000 | USD |
| CY2017Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
2939000 | USD |
| CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
731000 | USD |
| CY2017Q4 | mgee |
Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
|
1283313000 | USD |
| CY2017Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
58044000 | USD |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1341357000 | USD |
| CY2017Q4 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
22614000 | USD |
| CY2017Q4 | us-gaap |
Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
|
8256000 | USD |
| CY2017Q4 | us-gaap |
Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
|
12923000 | USD |
| CY2017Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
26535000 | USD |
| CY2017Q4 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
7888000 | USD |
| CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
12507000 | USD |
| CY2017Q4 | us-gaap |
Assets Current
AssetsCurrent
|
290631000 | USD |
| CY2017Q4 | us-gaap |
Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
|
142567000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
398161000 | USD |
| CY2017Q4 | us-gaap |
Investments
Investments
|
67772000 | USD |
| CY2017Q4 | us-gaap |
Assets
Assets
|
1855182000 | USD |
| CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
24452000 | USD |
| CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
47645000 | USD |
| CY2017Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
8180000 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
18758000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
126514000 | USD |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
225130000 | USD |
| CY2017Q4 | us-gaap |
Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
|
918000 | USD |
| CY2017Q4 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
154153000 | USD |
| CY2017Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
69088000 | USD |
| CY2017Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
33990000 | USD |
| CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
69041000 | USD |
| CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
552320000 | USD |
| CY2017Q4 | us-gaap |
Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
|
1176348000 | USD |
| CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1855182000 | USD |
| CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
| CY2017Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
0 | shares |
| CY2018Q1 | us-gaap |
Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:45pt;' >As </font><font style='font-family:Times New Roman;font-size:10pt;' >part </font><font style='font-family:Times New Roman;font-size:10pt;' >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 no</font><font style='font-family:Times New Roman;font-size:10pt;' >t 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 conducte</font><font style='font-family:Times New Roman;font-size:10pt;' >d 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 ca</font><font style='font-family:Times New Roman;font-size:10pt;' >n be hedged is four years. 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</font><font style='font-family:Times New Roman;font-size:10pt;' > loss or net gain posi</font><font style='font-family:Times New Roman;font-size:10pt;' >tion, respectively. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric r</font><font style='font-family:Times New Roman;font-size:10pt;' >ates as a component of the fuel rules mechanism</font><font style='font-family:Times New Roman;font-size:10pt;' >. </font></p></div> | |
| CY2018Q1 | mgee |
Fair Value Inputs Delivery Points Basis Adjustment On Peak
FairValueInputsDeliveryPointsBasisAdjustmentOnPeak
|
0.917 | pure |
| CY2018Q1 | mgee |
Fair Value Inputs Delivery Points Basis Adjustment Off Peak
FairValueInputsDeliveryPointsBasisAdjustmentOffPeak
|
0.931 | pure |
| CY2016Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-50306000 | USD |
| CY2018Q1 | mgee |
Counterparties In Default
CounterpartiesInDefault
|
0 | |
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1793000 | USD |
| CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
264000 | USD |
| CY2018Q1 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
-561000 | USD |
| CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
152000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-25208000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-7771000 | USD |
| CY2018Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
1319000 | USD |
| CY2018Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
419000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
46978000 | USD |
| CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
35000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-39543000 | USD |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
11181000 | USD |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1103000 | USD |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-13284000 | USD |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2018Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
43307000 | USD |
| CY2018Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
5851000 | USD |
| CY2018Q1 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
23554000 | USD |
| CY2018Q1 | us-gaap |
Energy Related Inventory Other Fossil Fuel
EnergyRelatedInventoryOtherFossilFuel
|
9478000 | USD |
| CY2018Q1 | us-gaap |
Energy Related Inventory Gas Stored Underground
EnergyRelatedInventoryGasStoredUnderground
|
3686000 | USD |
| CY2018Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
14956000 | USD |
| CY2018Q1 | us-gaap |
Regulatory Assets Current
RegulatoryAssetsCurrent
|
8721000 | USD |
| CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
11176000 | USD |
| CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
248740000 | USD |
| CY2018Q1 | us-gaap |
Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
|
140218000 | USD |
| CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
2150000 | USD |
| CY2018Q1 | mgee |
Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
|
1290148000 | USD |
| CY2018Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
76066000 | USD |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1366214000 | USD |
| CY2018Q1 | us-gaap |
Investments
Investments
|
72176000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
24477000 | USD |
| CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
35026000 | USD |
| CY2018Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
8390000 | USD |
| CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
9565000 | USD |
| CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
106230000 | USD |
| CY2018Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
224309000 | USD |
| CY2018Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
11181000 | USD |
| CY2018Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-03-31 | |
| CY2018Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | |
| CY2018Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2018Q1 | us-gaap |
Accumulated Deferred Investment Tax Credit
AccumulatedDeferredInvestmentTaxCredit
|
893000 | USD |
| CY2018Q1 | us-gaap |
Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
|
157890000 | USD |
| CY2018Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
69030000 | USD |
| CY2018Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
32340000 | USD |
| CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
68746000 | USD |
| CY2018Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
553208000 | USD |
| CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
397133000 | USD |
| CY2018Q1 | us-gaap |
Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
|
1184140000 | USD |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1843578000 | USD |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
97000 | USD |
| CY2018Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
MGE Energy Inc | |
| CY2018Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2018Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
34668370 | shares |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-41463000 | USD |
| CY2018Q1 | mgee |
Accruedinterestandtaxes
Accruedinterestandtaxes
|
4497000 | USD |
| CY2017Q4 | mgee |
Accruedinterestandtaxes
Accruedinterestandtaxes
|
5602000 | USD |
| CY2017 | mgee |
Fair Value Inputs Delivery Points Basis Adjustment On Peak
FairValueInputsDeliveryPointsBasisAdjustmentOnPeak
|
0.923 | pure |
| CY2017 | mgee |
Fair Value Inputs Delivery Points Basis Adjustment Off Peak
FairValueInputsDeliveryPointsBasisAdjustmentOffPeak
|
0.941 | pure |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
37631000 | USD |
| CY2018Q1 | us-gaap |
Assets
Assets
|
1843578000 | USD |
| CY2017Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
100000 | USD |
| CY2018Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
100000 | USD |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2804000 | USD |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2840000 | USD |
| CY2018Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
317000 | USD |
| CY2017Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
335000 | USD |
| CY2018Q1 | dei |
Trading Symbol
TradingSymbol
|
MGEE | |
| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3732000 | USD |
| CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
254000 | USD |
| CY2017Q1 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
202000 | USD |
| CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-641000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-27124000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-9318000 | USD |
| CY2017Q1 | us-gaap |
Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
|
7168000 | USD |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
-1526000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
41252000 | USD |
| CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
16117000 | USD |
| CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-928000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-18128000 | USD |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
10660000 | USD |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
31080000 | USD |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2029000 | USD |
| CY2018Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001161728 | |
| CY2018Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2018Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2018Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
| CY2018Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2018Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2018Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
| CY2018Q1 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
12325000 | USD |
| CY2017Q4 | us-gaap |
Regulatory Liability Current
RegulatoryLiabilityCurrent
|
5633000 | USD |
| CY2018Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
25471000 | USD |
| CY2017Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
31400000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-289000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD |
| CY2017Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
6804000 | USD |
| CY2018Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4706000 | USD |
| CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
732825000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
778187000 | USD |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
787007000 | USD |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
724088000 | USD |
| CY2017Q4 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
7336000 | USD |
| CY2018Q1 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
9631000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
40000000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
| CY2017Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
8817000 | USD |
| CY2018Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
1383000 | USD |
| CY2017Q1 | us-gaap |
Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
|
58426000 | USD |
| CY2017Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
156823000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
|
12199000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
|
15354000 | USD |
| CY2017Q1 | mgee |
Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
|
35784000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
|
43764000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
12959000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
|
4927000 | USD |
| CY2017Q1 | us-gaap |
Utilities Operating Expense
UtilitiesOperatingExpense
|
124987000 | USD |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
31836000 | USD |
| CY2017Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
3525000 | USD |
| CY2017Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-4894000 | USD |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
30467000 | USD |
| CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19300000 | USD |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.56 | |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.308 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34668000 | shares |
| CY2017Q1 | us-gaap |
Electric Utility Revenue
ElectricUtilityRevenue
|
98397000 | USD |
| CY2018Q1 | us-gaap |
Gas Domestic Regulated Revenue
GasDomesticRegulatedRevenue
|
62765000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense Fuel Used
UtilitiesOperatingExpenseFuelUsed
|
11900000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense Purchased Power
UtilitiesOperatingExpensePurchasedPower
|
17033000 | USD |
| CY2018Q1 | mgee |
Utilities Operating Expense Cost Of Gas Sold
UtilitiesOperatingExpenseCostOfGasSold
|
39626000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense Maintenance And Operations
UtilitiesOperatingExpenseMaintenanceAndOperations
|
44393000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense Taxes
UtilitiesOperatingExpenseTaxes
|
4869000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense
UtilitiesOperatingExpense
|
131444000 | USD |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.58 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34668000 | shares |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.323 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
20001000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
26368000 | USD |
| CY2018Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-4739000 | USD |
| CY2018Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
4919000 | USD |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
26188000 | USD |
| CY2018Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
157632000 | USD |
| CY2018Q1 | us-gaap |
Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
|
13623000 | USD |
| CY2018Q1 | us-gaap |
Electric Utility Revenue
ElectricUtilityRevenue
|
94867000 | USD |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
97000 | USD |
| CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2451000 | USD |
| CY2018Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
2348000 | USD |
| CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
19397000 | USD |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
0 | USD |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
20001000 | USD |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
65000 | USD |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
0 | USD |
| CY2017Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2608000 | USD |
| CY2018Q1 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
1877000 | USD |
| CY2018Q1 | mgee |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets
|
563000 | USD |
| CY2018Q1 | 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 | USD |
| CY2018Q1 | mgee |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets
|
-173000 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
|
5834000 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales
|
0 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
|
0 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements
|
5119000 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
|
0 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
0 | USD |
| CY2018Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-542000 | USD |
| CY2017Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
|
-586000 | USD |
| CY2017Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
0 | USD |
| CY2018Q1 | mgee |
Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
|
117821000 | USD |
| CY2017Q1 | mgee |
Utilities Operating Expense Excluding Depreciation And Amortization
UtilitiesOperatingExpenseExcludingDepreciationAndAmortization
|
112028000 | USD |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11167000 | USD |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6367000 | USD |
| CY2018Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
3000000 | USD |
| CY2017Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
4000000 | USD |
| CY2018Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-1000000 | USD |
| CY2017Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
0 | USD |
| CY2017Q4 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-42026000 | USD |
| CY2017Q1 | us-gaap |
Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
|
-48354000 | USD |
| CY2017Q4 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
4788000 | USD |
| CY2018Q1 | us-gaap |
Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
|
4449000 | USD |
| CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest Adjusted Balance1
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
|
778187000 | USD |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.018 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
|
0.013 | pure |
| CY2017Q4 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
100000 | USD |
| CY2018Q1 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
100000 | USD |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.002 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.002 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.367 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.064 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
|
0.001 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.005 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
|
0 | pure |
| CY2018Q1 | mgee |
Jointlyownedutilityplantintereststextblock
Jointlyownedutilityplantintereststextblock
|
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Joint Plant Ownership</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > - MGE Energy and MGE.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:27.35pt;color:#000000;' >Columbia</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:27pt;' >In 2016, MGE and WPL negotiated an amendment to the existing Columbia joint operating agreement, that has been approved by the PSCW, under which MGE will have the option to reduce its obligation</font><font style='font-family:Times New Roman;font-size:10pt;' > to pay certain capital expenditures (other than SCR-related expenditures) at Columbia in exchange for a proportional reduction in MGE's ownership in Columbia. On January 1 of each year, beginning in 2017 and ending June 1, 2020, the ownership percentage w</font><font style='font-family:Times New Roman;font-size:10pt;' >ill be adjusted, through a partial sale, based on the amount of capital expenditures foregone. In </font><font style='font-family:Times New Roman;font-size:10pt;' >June 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, </font><font style='font-family:Times New Roman;font-size:10pt;' >the FERC approved the ownership transfer in Columbia, effective January 1, 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:27pt;' >During </font><font style='font-family:Times New Roman;font-size:10pt;' >2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, MGE accrued $</font><font style='font-family:Times New Roman;font-size:10pt;' >8.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million of </font><font style='font-family:Times New Roman;font-size:10pt;' >201</font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' > capital expenditures that MGE has forgone as part of the ownership transfer agreement </font><font style='font-family:Times New Roman;font-size:10pt;' >with WPL. As of December 31, 2017</font><font style='font-family:Times New Roman;font-size:10pt;' >, MGE classified $</font><font style='font-family:Times New Roman;font-size:10pt;' >8.8</font><font style='font-family:Times New Roman;font-size:10pt;' > million of Columbia assets as held-for-sale on the consolidated balance sheets. In Januar</font><font style='font-family:Times New Roman;font-size:10pt;' >y 201</font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' >, MGE reduced its ownership interest in Columbia from </font><font style='font-family:Times New Roman;font-size:10pt;' >20.4</font><font style='font-family:Times New Roman;font-size:10pt;' >% to </font><font style='font-family:Times New Roman;font-size:10pt;' >19.4</font><font style='font-family:Times New Roman;font-size:10pt;' >% through the partial sale of plant assets to WPL.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:27pt;' >During </font><font style='font-family:Times New Roman;font-size:10pt;' >three months ended</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2018</font><font style='font-family:Times New Roman;font-size:10pt;' >, MGE accrued $</font><font style='font-family:Times New Roman;font-size:10pt;' >1.4</font><font style='font-family:Times New Roman;font-size:10pt;' > million of 201</font><font style='font-family:Times New Roman;font-size:10pt;' >8</font><font style='font-family:Times New Roman;font-size:10pt;' > capital expenditures that MGE has forgone </font><font style='font-family:Times New Roman;font-size:10pt;' >subject to</font><font style='font-family:Times New Roman;font-size:10pt;' > t</font><font style='font-family:Times New Roman;font-size:10pt;' >he ownership transfer agreement</font><font style='font-family:Times New Roman;font-size:10pt;' >. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March 31,</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >2018</font><font style='font-family:Times New Roman;font-size:10pt;' >, MGE classified $</font><font style='font-family:Times New Roman;font-size:10pt;' >1.4</font><font style='font-family:Times New Roman;font-size:10pt;' > million of Columbia assets as held-for-sale on the consolidated balance</font><font style='font-family:Times New Roman;font-size:10pt;' > sheets.</font><font style='font-family:Times New Roman;font-size:10pt;' > The assets recognized as held-for-sale are subject to a partial sale of plant assets to WPL, expected to occur in January 2019.</font></p></div> | |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.053 | pure |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Investment
EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment
|
0.001 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
|
0.004 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.018 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0.004 | pure |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.242 | pure |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
101157000 | USD |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
107952000 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
21095000 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5849000 | USD |
| CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1635000 | USD |
| CY2018Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2763000 | USD |
| CY2018Q1 | us-gaap |
Dilutive Securities
DilutiveSecurities
|
0 | USD |
| CY2017Q4 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
0 | USD |
| CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
101633000 | USD |
| CY2017Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
122728000 | USD |
| CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
112094000 | USD |
| CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
106245000 | USD |
| CY2017Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
2507000 | USD |
| CY2018Q1 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
2325000 | USD |
