XML 93 R72.htm IDEA: XBRL DOCUMENT v3.22.0.1
Pension Plans and Other Postretirement Benefits (Details-2) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Defined Benefit Plan, Deferred Pension and Other Postretirement Benefit Plan Costs Recovered [Abstract]      
Deferred (recognized) pension and OPEB costs $ (4,300) $ (900) $ 6,200
Deferred savings from 2021 employee benefit plan costs 8,100    
Pension Benefits [Member]      
Components of Net Periodic Benefit Cost      
Service cost [1] 5,730 5,296 4,692
Interest cost [1] 9,109 12,210 14,302
Expected return on assets [1] (29,487) (27,229) (22,786)
Amortization of:      
Transition obligation [1] 0 0 0
Prior service (credit) cost [1] (124) (114) (117)
Actuarial loss [1] 6,646 5,357 7,379
Net periodic benefit cost (credit) [1] (8,126) (4,480) 3,470
Postretirement Benefits [Member]      
Components of Net Periodic Benefit Cost      
Service cost [1] 1,448 1,264 1,110
Interest cost [1] 1,549 2,278 2,893
Expected return on assets [1] (3,277) (3,154) (2,723)
Amortization of:      
Transition obligation [1] (3) (3) (3)
Prior service (credit) cost [1] (1,518) (2,669) (2,669)
Actuarial loss [1] 493 217 401
Net periodic benefit cost (credit) [1] $ (1,302) $ (2,061) $ (985)
[1] During 2019, MGE deferred approximately $6.2 million of pension and other postretirement costs. During 2021 and 2020, MGE collected approximately $4.3 million and $0.9 million, respectively, of pension and other postretirement costs, which reduced the amount deferred in prior years. The impact of the deferral has not been reflected in the table above. See Footnote 8 for further information.

During the year ended December 30, 2021, MGE deferred $8.1 million of savings from 2021 employee benefit plan costs and recorded as a regulatory liability. The deferred savings has not been reflected in the table above. See Footnote 8 for additional information.