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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 22,807 $ 17,438
Accounts receivable, less reserves 41,190 46,205
Other accounts receivables, less reserves 10,033 16,094
Unbilled revenues 27,389 34,812
Materials and supplies, at average cost 31,178 29,863
Fuel for electric generation, at average cost 7,259 6,429
Stored natural gas, at average cost 22,299 15,668
Prepaid taxes 17,820 20,214
Regulatory assets - current 3,095 1,465
Other current assets 11,570 11,183
Total Current Assets 194,640 199,371
Other long-term receivables 824 1,155
Regulatory assets 111,469 107,547
Pension benefit asset 66,988 58,757
Other deferred assets and other 25,108 27,548
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,844,658 1,828,171
Construction work in progress 89,659 50,603
Total Property, Plant, and Equipment 1,934,317 1,878,774
Investments 103,885 98,754
Total Assets 2,437,231 2,371,906
Current Liabilities:    
Long-term debt due within one year 24,251 4,889
Short-term debt 0 5,500
Accounts payable 88,833 64,149
Accrued interest and taxes 9,217 10,385
Accrued payroll related items 9,611 12,951
Regulatory liabilities - current 21,406 9,365
Derivative liabilities 0 2,140
Other current liabilities 7,389 8,468
Total Current Liabilities 160,707 117,847
Other Credits:    
Deferred income taxes 240,423 231,149
Investment tax credit - deferred 48,304 44,836
Regulatory liabilities 155,067 154,298
Accrued pension and other postretirement benefits 72,388 73,085
Finance lease liabilities 16,941 17,322
Other deferred liabilities and other 94,655 91,690
Total Other Credits 627,778 612,380
Capitalization:    
Common shareholders equity 1,056,057 1,027,468
Long-term debt 592,689 614,211
Total Capitalization 1,648,746 1,641,679
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 2,437,231 2,371,906
MGE [Member]    
Current Assets:    
Cash and cash equivalents 15,583 6,401
Accounts receivable, less reserves 41,190 46,205
Affiliate receivables 530 558
Other accounts receivables, less reserves 10,031 16,092
Unbilled revenues 27,389 34,812
Materials and supplies, at average cost 31,178 29,863
Fuel for electric generation, at average cost 7,259 6,429
Stored natural gas, at average cost 22,299 15,668
Prepaid taxes 18,233 19,379
Regulatory assets - current 3,095 1,465
Other current assets 11,432 11,071
Total Current Assets 188,219 187,943
Affiliate receivable long-term 1,324 1,589
Regulatory assets 111,469 107,547
Pension benefit asset 66,988 58,757
Other deferred assets and other 25,413 27,907
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,844,686 1,828,199
Construction work in progress 89,659 50,603
Total Property, Plant, and Equipment 1,934,345 1,878,802
Investments 126 230
Total Assets 2,327,884 2,262,775
Current Liabilities:    
Long-term debt due within one year 24,251 4,889
Short-term debt 0 5,500
Accounts payable 88,801 64,130
Accrued interest and taxes 9,172 10,649
Accrued payroll related items 9,611 12,951
Regulatory liabilities - current 21,406 9,365
Derivative liabilities 0 2,140
Other current liabilities 7,440 5,968
Total Current Liabilities 160,681 115,592
Other Credits:    
Deferred income taxes 207,418 198,885
Investment tax credit - deferred 48,304 44,836
Regulatory liabilities 155,067 154,298
Accrued pension and other postretirement benefits 72,388 73,085
Finance lease liabilities 16,941 17,322
Other deferred liabilities and other 95,572 92,152
Total Other Credits 595,690 580,578
Capitalization:    
Common shareholders equity 833,143 803,807
Noncontrolling interest 145,681 148,587
Total Equity 978,824 952,394
Long-term debt 592,689 614,211
Total Capitalization 1,571,513 1,566,605
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 2,327,884 $ 2,262,775