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Noncontrolling Interest (Tables) - MGE [Member]
12 Months Ended
Dec. 31, 2022
Noncontrolling Interest [Line Items]  
Noncontrolling Interest in Balance Sheet

The noncontrolling interest on MGE's consolidated balance sheets was as follows:

 

 

 

As of December 31,

 

(In thousands)

 

2022

 

 

2021

 

MGE Power Elm Road(a)

 

$

103,333

 

 

$

101,507

 

MGE Power West Campus(a)

 

 

44,830

 

 

 

47,080

 

Total Noncontrolling Interest

 

$

148,163

 

 

$

148,587

 

Net Income Attributable to Noncontrolling Interest, Net of Tax

The net income attributable to noncontrolling interest, net of tax, was as follows for the years ended December 31:

 

(In thousands)

 

2022

 

 

2021

 

 

2020

 

MGE Power Elm Road(a)

 

$

14,326

 

 

$

15,151

 

 

$

15,184

 

MGE Power West Campus(a)

 

 

7,250

 

 

 

7,240

 

 

 

7,209

 

Net Income Attributable to Noncontrolling Interest, Net of Tax

 

$

21,576

 

 

$

22,391

 

 

$

22,393

 

 

(a)
MGE Power Elm Road and MGE Power West Campus are not subsidiaries of MGE; however, they have been consolidated in the consolidated financial statements of MGE (see Footnote 3). MGE Power Elm Road and MGE Power West Campus are 100% owned by MGE Power, and MGE Power is 100% owned by MGE Energy. MGE Energy's proportionate share of the equity and net income (through its wholly owned subsidiary MGE Power) of MGE Power Elm Road and MGE Power West Campus is classified within the MGE consolidated financial statements as noncontrolling interest.