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Fair Value of Financial Instruments (Details-2) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Assets:    
Collateral posted against derivative positions $ 6,500 $ 1,300
Recurring [Member]    
Assets:    
Derivative assets, net [1] 12,178 3,606
Exchange-traded investments 1,493 1,296
Total Assets 13,671 4,902
Liabilities:    
Derivative liabilities, net [1] 3,694 2,989
Deferred compensation 3,783 3,653
Total liabilities 7,477 6,642
Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 3,009 1,170
Exchange-traded investments 1,493 1,296
Total Assets 4,502 2,466
Liabilities:    
Derivative liabilities, net [1] 3,484 731
Deferred compensation 0 0
Total liabilities 3,484 731
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 3,783 3,653
Total liabilities 3,783 3,653
Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 9,169 2,436
Exchange-traded investments 0 0
Total Assets 9,169 2,436
Liabilities:    
Derivative liabilities, net [1] 210 2,258
Deferred compensation 0 0
Total liabilities 210 2,258
MGE [Member] | Recurring [Member]    
Assets:    
Derivative assets, net [1] 12,178 3,606
Exchange-traded investments 126 230
Total Assets 12,304 3,836
Liabilities:    
Derivative liabilities, net [1] 3,694 2,989
Deferred compensation 3,783 3,653
Total liabilities 7,477 6,642
MGE [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 3,009 1,170
Exchange-traded investments 126 230
Total Assets 3,135 1,400
Liabilities:    
Derivative liabilities, net [1] 3,484 731
Deferred compensation 0 0
Total liabilities 3,484 731
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 3,783 3,653
Total liabilities 3,783 3,653
MGE [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 9,169 2,436
Exchange-traded investments 0 0
Total Assets 9,169 2,436
Liabilities:    
Derivative liabilities, net [1] 210 2,258
Deferred compensation 0 0
Total liabilities $ 210 $ 2,258
[1] As of June 30, 2022 and December 31, 2021 MGE received collateral of $6.5 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.