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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues:      
Electric revenues $ 465,847 $ 420,964 $ 394,372
Gas revenue 248,672 185,620 144,261
Total Operating Revenues 714,519 606,584 538,633
Operating Expenses:      
Fuel for electric generation 61,329 54,633 41,684
Purchased power 46,821 39,395 42,883
Cost of gas sold 152,570 99,690 63,697
Other operations and maintenance 209,875 199,316 186,430
Depreciation and amortization 85,549 76,983 74,188
Other general taxes 20,632 19,273 19,754
Total Operating Expenses 576,776 489,290 428,636
Operating Income 137,743 117,294 109,997
Other income, net 26,080 16,694 25,365
Interest (expense) income, net (26,647) (24,112) (23,521)
Income before income taxes 137,176 109,876 111,841
Income tax provision (26,224) (4,115) (19,423)
Net Income Including Noncontrolling Interest 110,952 105,761 92,418
Net Income $ 110,952 $ 105,761 $ 92,418
Earnings Per Share of Common Stock, Basic $ 3.07 $ 2.92 $ 2.60
Earnings Per Share of Common Stock, Diluted 3.07 2.92 2.60
Dividends per share of common stock $ 1.59 $ 1.52 $ 1.45
Weighted Average Shares Outstanding, Basic 36,163 36,163 35,612
Weighted Average Shares Outstanding, Diluted 36,174 36,167 35,612
MGE [Member]      
Operating Revenues:      
Electric revenues $ 465,847 $ 420,964 $ 394,372
Gas revenue 248,672 185,620 144,261
Total Operating Revenues 714,519 606,584 538,633
Operating Expenses:      
Fuel for electric generation 61,329 54,633 41,684
Purchased power 46,821 39,395 42,883
Cost of gas sold 152,570 99,690 63,697
Other operations and maintenance 209,007 198,552 185,450
Depreciation and amortization 85,549 76,983 74,188
Other general taxes 20,627 19,269 19,750
Total Operating Expenses 575,903 488,522 427,652
Operating Income 138,616 118,062 110,981
Other income, net 17,626 9,121 15,019
Interest (expense) income, net (26,687) (24,153) (23,642)
Income before income taxes 129,555 103,030 102,358
Income tax provision (24,063) (2,248) (16,835)
Net Income Including Noncontrolling Interest 105,492 100,782 85,523
Less Net Income Attributable to Noncontrolling Interest, net of tax (21,576) (22,391) (22,393)
Net Income $ 83,916 $ 78,391 $ 63,130