$MGEE
MGE ENERGY INC Stock $mgee

$mgee Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000116172820000043 Filed on May 07, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$149.9M	$167.6M
YoY Change	-10.56%	6.3%
Cost Of Revenue	$41.30M	$54.10M
YoY Change	-23.66%	-4.59%
Gross Profit	$108.6M	$113.5M
YoY Change	-4.32%	12.49%
Gross Profit Margin	72.46%	67.73%
Selling, General & Admin		$0.00
YoY Change
% of Gross Profit		0.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$18.20M	$17.10M
YoY Change	6.43%	25.74%
% of Gross Profit	16.76%	15.07%
Operating Expenses	$77.10M	$83.00M
YoY Change	-7.11%	11.11%
Operating Profit	$31.44M	$30.51M
YoY Change	3.04%	16.51%
Interest Expense	-$6.100M	-$5.600M
YoY Change	8.93%	19.15%
% of Operating Profit	-19.4%	-18.35%
Other Income/Expense, Net	$5.671M	$4.851M
YoY Change	16.9%	-1.38%
Pretax Income	$31.05M	$29.72M
YoY Change	4.49%	12.7%
Income Tax	$5.013M	$5.709M
% Of Pretax Income	16.14%	19.21%
Net Earnings	$26.04M	$24.01M
YoY Change	8.46%	20.03%
Net Earnings / Revenue	17.37%	14.33%
Basic Earnings Per Share	$0.75
Diluted Earnings Per Share	$0.75	$691.6K
COMMON SHARES
Basic Shares Outstanding	34.67M shares	34.67M shares
Diluted Shares Outstanding	34.67M shares

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.50M	$82.40M
YoY Change	-78.76%	-18.58%
Cash & Equivalents	$17.45M	$82.40M
Short-Term Investments
Other Short-Term Assets	$9.241M	$7.527M
YoY Change	22.77%	-32.65%
Inventory	$40.70M	$32.30M
Prepaid Expenses
Receivables	$39.35M	$47.68M
Other Receivables	$8.722M	$5.803M
Total Short-Term Assets	$162.2M	$221.3M
YoY Change	-26.7%	-11.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.653B	$1.539B
YoY Change	7.43%	12.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$89.30M	$79.40M
YoY Change	12.47%	9.97%
Other Assets	$18.52M	$16.27M
YoY Change	13.8%	656.84%
Total Long-Term Assets	$1.911B	$1.782B
YoY Change	7.19%	11.75%
TOTAL ASSETS
Total Short-Term Assets	$162.2M	$221.3M
Total Long-Term Assets	$1.911B	$1.782B
Total Assets	$2.073B	$2.004B
YoY Change	3.45%	8.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$39.19M	$40.36M
YoY Change	-2.89%	15.22%
Accrued Expenses	$16.80M	$21.90M
YoY Change	-23.29%	69.77%
Deferred Revenue
YoY Change
Short-Term Debt	$3.000M	$6.000M
YoY Change	-50.0%	100.0%
Long-Term Debt Due	$19.70M	$4.579M
YoY Change	330.22%	-81.29%
Total Short-Term Liabilities	$111.0M	$112.5M
YoY Change	-1.31%	5.88%
LONG-TERM LIABILITIES
Long-Term Debt	$522.6M	$492.3M
YoY Change	6.16%	23.96%
Other Long-Term Liabilities	$306.0M	$67.68M
YoY Change	352.12%	-1.55%
Total Long-Term Liabilities	$522.6M	$569.9M
YoY Change	-8.29%	3.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$111.0M	$112.5M
Total Long-Term Liabilities	$522.6M	$569.9M
Total Liabilities	$633.6M	$682.3M
YoY Change	-7.14%	3.47%
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	$869.5M	$829.0M
YoY Change
Total Liabilities & Shareholders Equity	$2.073B	$2.004B
YoY Change	3.45%	8.68%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	$26.04M	$24.01M
YoY Change	8.46%	20.03%
Depreciation, Depletion And Amortization	$18.20M	$17.10M
YoY Change	6.43%	25.74%
Cash From Operating Activities	$53.82M	$53.20M
YoY Change	1.17%	13.23%
INVESTING ACTIVITIES
Capital Expenditures	$46.76M	$31.93M
YoY Change	46.43%	-15.14%
Acquisitions
YoY Change
Other Investing Activities	$398.0K	$206.0K
YoY Change	93.2%	488.57%
Cash From Investing Activities	-$48.80M	-$32.88M
YoY Change	48.42%	-16.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$1.155M	$1.129M
YoY Change	2.3%	2.36%
Cash From Financing Activities	-$11.04M	-$20.83M
YoY Change	-47.0%	56.8%
NET CHANGE
Cash From Operating Activities	$53.82M	$53.20M
Cash From Investing Activities	-$48.80M	-$32.88M
Cash From Financing Activities	-$11.04M	-$20.83M
Net Change In Cash	-$6.020M	-$513.0K
YoY Change	1073.49%	-91.23%
FREE CASH FLOW
Cash From Operating Activities	$53.82M	$53.20M
Capital Expenditures	$46.76M	$31.93M
Free Cash Flow	$7.061M	$21.26M
YoY Change	-66.79%	127.47%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q1	dei	Amendment Flag AmendmentFlag	false
CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019Q4	us-gaap	Derivative Net Liability Position Aggregate Fair Value DerivativeNetLiabilityPositionAggregateFairValue	0	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	3282000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	2820000	USD
CY2019Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2020Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001161728
CY2019Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.338
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Entity File Number EntityFileNumber	000-49965
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	MGE Energy, Inc.
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WI
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	133 South Blair Street
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Madison
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	WI
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	53788
CY2020Q1	dei	City Area Code CityAreaCode	608
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	252-7000
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	39-2040501
CY2020Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
CY2020Q1	dei	Security12b Title Security12bTitle	Common Stock, $1 Par Value Per Share
CY2020Q1	dei	Trading Symbol TradingSymbol	MGEE
CY2020Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2020Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	34668370	shares
CY2020Q1	us-gaap	Regulated Operating Revenue Electric Non Nuclear RegulatedOperatingRevenueElectricNonNuclear	93028000	USD
CY2019Q1	us-gaap	Regulated Operating Revenue Electric Non Nuclear RegulatedOperatingRevenueElectricNonNuclear	97469000	USD
CY2020Q1	us-gaap	Regulated Operating Revenue Gas RegulatedOperatingRevenueGas	56845000	USD
CY2019Q1	us-gaap	Regulated Operating Revenue Gas RegulatedOperatingRevenueGas	70100000	USD
CY2020Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	149873000	USD
CY2019Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	167569000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Fuel Used UtilitiesOperatingExpenseFuelUsed	9706000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Fuel Used UtilitiesOperatingExpenseFuelUsed	13917000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Purchased Power UtilitiesOperatingExpensePurchasedPower	10486000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Purchased Power UtilitiesOperatingExpensePurchasedPower	10851000	USD
CY2020Q1	mgee	Utilities Operating Expense Cost Of Gas Sold UtilitiesOperatingExpenseCostOfGasSold	30798000	USD
CY2019Q1	mgee	Utilities Operating Expense Cost Of Gas Sold UtilitiesOperatingExpenseCostOfGasSold	43253000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	44369000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Maintenance And Operations UtilitiesOperatingExpenseMaintenanceAndOperations	46934000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	18167000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	17139000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Taxes UtilitiesOperatingExpenseTaxes	4907000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Taxes UtilitiesOperatingExpenseTaxes	4963000	USD
CY2020Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	118433000	USD
CY2019Q1	us-gaap	Utilities Operating Expense UtilitiesOperatingExpense	137057000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	31440000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	30512000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	5671000	USD
CY2019Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4851000	USD
CY2020Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-6061000	USD
CY2019Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-5647000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	31050000	USD
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	29716000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5013000	USD
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5709000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	26037000	USD
CY2020Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.75
CY2019Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.69
CY2020Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.353
CY2019Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.338
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	34668000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	34668000	shares
CY2020Q1	us-gaap	Profit Loss ProfitLoss	26037000	USD
CY2019Q1	us-gaap	Profit Loss ProfitLoss	24007000	USD
CY2020Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	18167000	USD
CY2019Q1	us-gaap	Utilities Operating Expense Depreciation And Amortization UtilitiesOperatingExpenseDepreciationAndAmortization	17139000	USD
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1433000	USD
CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1359000	USD
CY2020Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	734000	USD
CY2019Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	634000	USD
CY2020Q1	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	-940000	USD
CY2019Q1	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	474000	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2266000	USD
CY2020Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1974000	USD
CY2019Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-32000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-14089000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-13665000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-2738000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	3182000	USD
CY2019Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	2012000	USD
CY2020Q1	us-gaap	Pension And Other Postretirement Benefit Contributions PensionAndOtherPostretirementBenefitContributions	1470000	USD
CY2019Q4	us-gaap	Notes And Loans Receivable Net Noncurrent NotesAndLoansReceivableNetNoncurrent	1811000	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31933000	USD
CY2019Q1	us-gaap	Payments To Acquire Interest In Subsidiaries And Affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates	740000	USD
CY2020Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	398000	USD
CY2019Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	206000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-48799000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-32879000	USD
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	12221000	USD
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	11701000	USD
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1155000	USD
CY2019Q1	us-gaap	Pension And Other Postretirement Benefit Contributions PensionAndOtherPostretirementBenefitContributions	957000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-47000	USD
CY2019Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	3416000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	53819000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	53195000	USD
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	46758000	USD
CY2019Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1129000	USD
CY2020Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	3000000	USD
CY2019Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-7000000	USD
CY2020Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-664000	USD
CY2019Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-999000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-11040000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-20829000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6020000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-513000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	25814000	USD
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	84929000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	19794000	USD
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	84416000	USD
CY2020Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	8129000	USD
CY2019Q1	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	3428000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17451000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23481000	USD
CY2020Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	39352000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	370000	USD
CY2019Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	438000	USD
CY2020Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	8722000	USD
CY2020Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	22633000	USD
CY2019Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	25899000	USD
CY2020Q1	us-gaap	Other Inventory Supplies OtherInventorySupplies	27647000	USD
CY2020Q1	us-gaap	Prepaid Taxes PrepaidTaxes	11888000	USD
CY2020Q1	us-gaap	Regulatory Assets Current RegulatoryAssetsCurrent	12182000	USD
CY2020Q1	us-gaap	Other Assets Current OtherAssetsCurrent	9241000	USD
CY2020Q1	us-gaap	Assets Current AssetsCurrent	162193000	USD
CY2020Q1	us-gaap	Notes And Loans Receivable Net Noncurrent NotesAndLoansReceivableNetNoncurrent	1754000	USD
CY2020Q1	us-gaap	Regulatory Assets Noncurrent RegulatoryAssetsNoncurrent	131319000	USD
CY2020Q1	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	16480000	USD
CY2019Q4	us-gaap	Defined Benefit Plan Assets For Plan Benefits Noncurrent DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent	13630000	USD
CY2020Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	18518000	USD
CY2020Q1	mgee	Property Plant And Equipment Net Before Construction In Progress PropertyPlantAndEquipmentNetBeforeConstructionInProgress	1524782000	USD
CY2020Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	128321000	USD
CY2020Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1653103000	USD
CY2020Q1	us-gaap	Assets Assets	2072697000	USD
CY2019Q4	us-gaap	Assets Assets	2081664000	USD
CY2020Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	3000000	USD
CY2019Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	0	USD
CY2020Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	39188000	USD
CY2020Q1	mgee	Accruedinterestandtaxes Accruedinterestandtaxes	7568000	USD
CY2019Q4	mgee	Accruedinterestandtaxes Accruedinterestandtaxes	7244000	USD
CY2020Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	9243000	USD
CY2019Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	12752000	USD
CY2020Q1	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	11369000	USD
CY2019Q4	us-gaap	Regulatory Liability Current RegulatoryLiabilityCurrent	9228000	USD
CY2020Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	10740000	USD
CY2020Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	10212000	USD
CY2020Q1	us-gaap	Liabilities Current LiabilitiesCurrent	111006000	USD
CY2020Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	246028000	USD
CY2020Q1	us-gaap	Accumulated Deferred Investment Tax Credit AccumulatedDeferredInvestmentTaxCredit	742000	USD
CY2020Q1	us-gaap	Regulatory Liability Noncurrent RegulatoryLiabilityNoncurrent	163399000	USD
CY2020Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	12870000	USD
CY2020Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	17581000	USD
CY2019Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	17379000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	869492000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	855676000	USD
CY2020Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	522614000	USD
CY2020Q1	us-gaap	Capitalization Longterm Debt And Equity CapitalizationLongtermDebtAndEquity	1392106000	USD
CY2020Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2072697000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	816644000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24007000	USD
CY2019Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	11701000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	828950000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	855676000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	26037000	USD
CY2020Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.353
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	869492000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	25814000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.161	pure
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17451000	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23481000	USD
CY2020Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	473000	USD
CY2019Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	619000	USD
CY2020Q1	us-gaap	Margin Deposit Assets MarginDepositAssets	1870000	USD
CY2019Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	1714000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	19794000	USD
CY2020Q1	mgee	Accounts Receivable Late Payment Charge On Unpaid Receivables AccountsReceivableLatePaymentChargeOnUnpaidReceivables	0.01	pure
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	900000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	500000	USD
CY2020Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	3700000	USD
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	0.026	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate	0.024	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	-0.005	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.063	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.063	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Investment EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment	0.001	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Investment EffectiveIncomeTaxRateReconciliationTaxCreditsInvestment	0.001	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.069	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.059	pure
CY2020Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions Other EffectiveIncomeTaxRateReconciliationDeductionsOther	0.016	pure
CY2019Q1	us-gaap	Effective Income Tax Rate Reconciliation Deductions Other EffectiveIncomeTaxRateReconciliationDeductionsOther	0.002	pure
CY2019	mgee	Defined Benefit Plan Deferred Net Periodic Benefit Costs DefinedBenefitPlanDeferredNetPeriodicBenefitCosts	6200000	USD
CY2020Q1	mgee	Defined Benefit Plan Deferred Net Periodic Benefit Costs DefinedBenefitPlanDeferredNetPeriodicBenefitCosts	-400000	USD
CY2019Q1	mgee	Defined Benefit Plan Deferred Net Periodic Benefit Costs DefinedBenefitPlanDeferredNetPeriodicBenefitCosts	0	USD
CY2020Q1	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	0	shares
CY2020Q1	us-gaap	Dilutive Securities DilutiveSecurities	0	USD
CY2020Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	-600000	USD
CY2019Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1200000	USD
CY2020Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Share Based Liabilities Paid ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsShareBasedLiabilitiesPaid	2000000.0	USD
CY2020Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue	3400000	USD
CY2020Q1	us-gaap	Derivatives Methods Of Accounting Hedging Derivatives DerivativesMethodsOfAccountingHedgingDerivatives	<span style="font-family: Calibri; font-size: 10.00pt">As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity prices. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_584">four</span> 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 loss or net gain position, respectively. The deferred gain or loss is recognized in earnings in the</span><span style="font-family: Calibri; font-size: 10.00pt">delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span>
CY2020Q1	us-gaap	Derivative Net Liability Position Aggregate Fair Value DerivativeNetLiabilityPositionAggregateFairValue	0	USD
CY2020Q1	mgee	Counterparties In Default CounterpartiesInDefault	0
CY2020Q1	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	1700000	USD
CY2020Q1	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
CY2019Q1	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
CY2020Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings	-1453000	USD
CY2019Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings	-644000	USD
CY2020Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets	247000	USD
CY2019Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Current Assets FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInCurrentAssets	173000	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	5015000	USD
CY2020Q1	mgee	Fair Value Inputs Delivery Points Basis Adjustment On Peak FairValueInputsDeliveryPointsBasisAdjustmentOnPeak	0.928	pure
CY2019	mgee	Fair Value Inputs Delivery Points Basis Adjustment On Peak FairValueInputsDeliveryPointsBasisAdjustmentOnPeak	0.921	pure
CY2020Q1	mgee	Fair Value Inputs Delivery Points Basis Adjustment Off Peak FairValueInputsDeliveryPointsBasisAdjustmentOffPeak	0.935	pure
CY2019	mgee	Fair Value Inputs Delivery Points Basis Adjustment Off Peak FairValueInputsDeliveryPointsBasisAdjustmentOffPeak	0.927	pure
CY2018Q4	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	-32002000	USD
CY2020Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets	810000	USD
CY2019Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Regulatory Liabilities Assets FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInRegulatoryLiabilitiesAssets	719000	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases	5765000	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales	0	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Sales FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSales	0	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues	0	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues	0	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	3810000	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Settlements FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationSettlements	5294000	USD
CY2020Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	-25647000	USD
CY2019Q1	us-gaap	Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs	-31283000	USD
CY2020Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss	0	USD
CY2019Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Or Loss FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainOrLoss	0	USD
CY2020Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings	-1453000	USD
CY2019Q1	mgee	Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Or Loss Included In Earnings FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainOrLossIncludedInEarnings	-644000	USD
CY2020Q1	mgee	Jointlyownedutilityplantintereststextblock Jointlyownedutilityplantintereststextblock	<p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Joint Plant Ownership - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 10.00pt">a. </span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 10.00pt">Two Creeks.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In May 2019, MGE acquired a </span><span style="font-family: Calibri; font-size: 10.00pt">33% ownership interest in a </span><span style="font-family: Calibri; font-size: 10.00pt">150 MW solar generation array to be constructed in the Town of Two Creeks and the City of Two Rivers in Manitowoc and Kewaunee Counties, Wisconsin. MGE's sole principal asset will be the </span><span style="font-family: Calibri; font-size: 10.00pt">33% undivided ownership interest in the solar generation facility that is being constructed. The estimated share of capital costs for MGE's ownership interest is approximately $</span><span style="font-family: Calibri; font-size: 10.00pt">65 million (excluding AFUDC).</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">As of March 31, 2020, $</span><span style="font-family: Calibri; font-size: 10.00pt">44.2 million (excluding AFUDC) related to this project was reflected in "Construction work in progress" on the consolidated balance sheets. The project is anticipated to be completed by the end of 2020. MGE received specific approval to recover </span><span style="font-family: Calibri; font-size: 10.00pt">100% AFUDC on the project. After tax, MGE has recognized $</span><span style="font-family: Calibri; font-size: 10.00pt">0.8 million in AFUDC equity related to this project for the </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">three months ended March 31, 2020. MGE did not recognize any AFUDC equity related to this project for the three months ended March 31, 2019.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 10.00pt"> Badger Hollow I.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In July 2019, MGE acquired a </span><span style="font-family: Calibri; font-size: 10.00pt">33% ownership interest in a </span><span style="font-family: Calibri; font-size: 10.00pt">150 MW solar generation array to be constructed in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb. MGE's sole principal asset will be the </span><span style="font-family: Calibri; font-size: 10.00pt">33% undivided ownership interest in the solar generation facility that is being constructed. The estimated share of capital costs for MGE's ownership interest is approximately $</span><span style="font-family: Calibri; font-size: 10.00pt">65 million (excluding AFUDC).</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">As of March 31, 2020, $</span><span style="font-family: Calibri; font-size: 10.00pt">22.3 million (excluding AFUDC) related to this project was reflected in "Construction work in progress" on the consolidated balance sheets. The project is anticipated to be completed in April 2021. MGE received specific approval to recover </span><span style="font-family: Calibri; font-size: 10.00pt">100% AFUDC on the project. After tax, MGE has recognized </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">0.4 million in AFUDC equity related to this project for the three months ended March 31, 2020. MGE did not recognize any AFUDC equity related to this project for the three months ended March 31, 2019.</span></p>
CY2020Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	149873000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	26037000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	26037000	USD
CY2019Q1	us-gaap	Regulated And Unregulated Operating Revenue RegulatedAndUnregulatedOperatingRevenue	167569000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	24007000	USD

Files In Submission

Name	View Source	Status
0001161728-20-000043-index-headers.html	Edgar Link	pending
0001161728-20-000043-index.html	Edgar Link	pending
0001161728-20-000043.txt	Edgar Link	pending
0001161728-20-000043-xbrl.zip	Edgar Link	pending
ex311.htm	Edgar Link	pending
ex312.htm	Edgar Link	pending
ex313.htm	Edgar Link	pending
ex314.htm	Edgar Link	pending
ex321.htm	Edgar Link	pending
ex322.htm	Edgar Link	pending
ex323.htm	Edgar Link	pending
ex324.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mgee-20200331.htm	Edgar Link	pending
mgee-20200331.xsd	Edgar Link	pending
mgee-20200331_cal.xml	Edgar Link	unprocessable
mgee-20200331_def.xml	Edgar Link	unprocessable
mgee-20200331_htm.xml	Edgar Link	completed
mgee-20200331_lab.xml	Edgar Link	unprocessable
mgee-20200331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MGEE
MGE ENERGY INC Stock $mgee

2020 Q1 Form 10-Q Financial Statement

#000116172820000043 Filed on May 07, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGEE MGE ENERGY INC Stock $mgee

2020 Q1 Form 10-Q Financial Statement

#000116172820000043 Filed on May 07, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGEE
MGE ENERGY INC Stock $mgee