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Noncontrolling Interest
12 Months Ended
Dec. 31, 2021
MGE [Member]  
Noncontrolling Interest [Line Items]  
Noncontrolling Interest
21.
Noncontrolling Interest - MGE.

 

The noncontrolling interest on MGE's consolidated balance sheets was as follows:

 

 

 

As of December 31,

 

(In thousands)

 

2021

 

 

2020

 

MGE Power Elm Road(a)

 

$

101,507

 

 

$

96,856

 

MGE Power West Campus(a)

 

 

47,080

 

 

 

44,340

 

Total Noncontrolling Interest

 

$

148,587

 

 

$

141,196

 

 

 

The net income attributable to noncontrolling interest, net of tax, was as follows:

 

 

 

Years ending December 31,

 

(In thousands)

 

2021

 

 

2020

 

 

2019

 

MGE Power Elm Road(a)

 

$

15,151

 

 

$

15,184

 

 

$

15,153

 

MGE Power West Campus(a)

 

 

7,240

 

 

 

7,209

 

 

 

7,196

 

Net Income Attributable to Noncontrolling Interest, Net of Tax

 

$

22,391

 

 

$

22,393

 

 

$

22,349

 

 

(a)
MGE Power Elm Road and MGE Power West Campus are not subsidiaries of MGE; however, they have been consolidated in the consolidated financial statements of MGE (see Footnote 3). MGE Power Elm Road and MGE Power West Campus are 100% owned by MGE Power, and MGE Power is 100% owned by MGE Energy. MGE Energy's proportionate share of the equity and net income (through its wholly owned subsidiary MGE Power) of MGE Power Elm Road and MGE Power West Campus is classified within the MGE consolidated financial statements as noncontrolling interest.