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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues:      
Electric revenues $ 420,964 $ 394,372 $ 408,980
Gas revenues 185,620 144,261 159,875
Total Operating Revenues 606,584 538,633 568,855
Operating Expenses:      
Fuel for electric generation 54,633 41,684 51,954
Purchased power 39,395 42,883 41,474
Cost of gas sold 99,690 63,697 79,775
Other operations and maintenance 199,316 186,430 193,322
Depreciation and amortization 76,983 74,188 71,562
Other general taxes 19,273 19,754 19,858
Total Operating Expenses 489,290 428,636 457,945
Operating Income 117,294 109,997 110,910
Other income, net 16,694 25,365 18,811
Interest expense, net (24,112) (23,521) (23,063)
Income before income taxes 109,876 111,841 106,658
Income tax provision (4,115) (19,423) (19,784)
Net Income Including Noncontrolling Interest 105,761 92,418 86,874
Net Income $ 105,761 $ 92,418 $ 86,874
Earnings Per Share of Common Stock Basic $ 2.92 $ 2.60 $ 2.51
Earnings Per Share of Common Stock Diluted 2.92 2.60 2.51
Dividends per share of common stock $ 1.52 $ 1.45 $ 1.38
Weighted Average Shares Outstanding Basic 36,163 35,612 34,668
Weighted Average Shares Outstanding Diluted 36,167 35,612 34,668
MGE [Member]      
Operating Revenues:      
Electric revenues $ 420,964 $ 394,372 $ 408,980
Gas revenues 185,620 144,261 159,875
Total Operating Revenues 606,584 538,633 568,855
Operating Expenses:      
Fuel for electric generation 54,633 41,684 51,954
Purchased power 39,395 42,883 41,474
Cost of gas sold 99,690 63,697 79,775
Other operations and maintenance 198,552 185,450 192,440
Depreciation and amortization 76,983 74,188 71,562
Other general taxes 19,269 19,750 19,858
Total Operating Expenses 488,522 427,652 457,063
Operating Income 118,062 110,981 111,792
Other income, net 9,121 15,019 10,703
Interest expense, net (24,153) (23,642) (24,298)
Income before income taxes 103,030 102,358 98,197
Income tax provision (2,248) (16,835) (17,418)
Net Income Including Noncontrolling Interest 100,782 85,523 80,779
Less Net Income Attributable to Noncontrolling Interest, net of tax (22,391) (22,393) (22,349)
Net Income $ 78,391 $ 63,130 $ 58,430