XML 66 R52.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value of Financial Instruments (Details-2) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Collateral posted against derivative positions $ 6,900 $ 1,300
Recurring [Member]    
Assets:    
Derivative assets, net [1] 10,144 3,606
Exchange-traded investments 1,443 1,296
Total Assets 11,587 4,902
Liabilities:    
Derivative liabilities, net [1] 503 2,989
Deferred compensation 3,613 3,653
Total liabilities 4,116 6,642
Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 3,183 1,170
Exchange-traded investments 1,443 1,296
Total Assets 4,626 2,466
Liabilities:    
Derivative liabilities, net [1] 321 731
Deferred compensation 0 0
Total liabilities 321 731
Recurring [Member] | Level 2 [Member]    
Assets:    
Derivative assets, net [1] 0 0
Exchange-traded investments 0 0
Total Assets 0 0
Liabilities:    
Derivative liabilities, net [1] 0 0
Deferred compensation 3,613 3,653
Total liabilities 3,613 3,653
Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 6,961 2,436
Exchange-traded investments 0 0
Total Assets 6,961 2,436
Liabilities:    
Derivative liabilities, net [1] 182 2,258
Deferred compensation 0 0
Total liabilities 182 2,258
MGE [Member] | Recurring [Member]    
Assets:    
Derivative assets, net [1] 10,144 3,606
Exchange-traded investments 177 230
Total Assets 10,321 3,836
Liabilities:    
Derivative liabilities, net [1] 503 2,989
Deferred compensation 3,613 3,653
Total liabilities 4,116 6,642
MGE [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 3,183 1,170
Exchange-traded investments 177 230
Total Assets 3,360 1,400
Liabilities:    
Derivative liabilities, net [1] 321 731
Deferred compensation 0 0
Total liabilities 321 731
MGE [Member] | Recurring [Member] | Level 2 [Member]    
Assets:    
Derivative assets, net [1] 0 0
Exchange-traded investments 0 0
Total Assets 0 0
Liabilities:    
Derivative liabilities, net [1] 0 0
Deferred compensation 3,613 3,653
Total liabilities 3,613 3,653
MGE [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 6,961 2,436
Exchange-traded investments 0 0
Total Assets 6,961 2,436
Liabilities:    
Derivative liabilities, net [1] 182 2,258
Deferred compensation 0 0
Total liabilities $ 182 $ 2,258
[1] As of March 31, 2022 and December 31, 2021 MGE received collateral of $6.9 million and $1.3 million, respectively, from counterparties under a master netting agreement for outstanding exchange traded derivative positions. The fair value of the derivative asset disclosed in this table has not been reduced for the collateral received.