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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on:

 

Company Selected Measure

Year
(a)

Summary Compensation Table Total for PEO
($)(1)
(b)

Compensation Actually Paid to PEO
($)(2)(3)
(c)

Average Summary Compensation Table Total for Non-PEO NEOs
($)(4)
(d)

Average Compensation Actually Paid to Non-PEO NEOs
($)(2)(4)(5)
(e)

Total Shareholder Return
($)
(f)

Peer Group Total Shareholder Return
($)(6)
(g)

Net Income
($)
(h)

Earnings Per Share - Basic and Diluted
($)
(i)

2022

1,678,867

1,590,003

797,155

731,318

95

117

110,882,000

3.07

2021

2,628,028

2,189,827

863,501

766,775

109

116

105,761,000

2.92

2020

2,711,113

1,522,389

1,589,557

709,072

91

99

92,418,000

2.60

(1)
Reflects amounts reported in the "Summary Compensation Table" for J. Keebler (PEO).
(2)
Compensation Actually Paid (CAP) includes adjustments in accordance with the SEC methodology to the total executive compensation reported from the summary compensation table. The adjustments include a deduction for actuarial present value of accumulated benefit of all defined benefit and actuarial pension plans reported in the summary compensation table; addition of actuarially determined service costs for services rendered by the executive during the covered fiscal period, deduction of grant date fair value of equity award amounts reported in the summary compensation table; and addition or subtraction of the change in fair value of the equity awards unvested and vested during the fiscal period. Compensation "actually paid" is prescribed by the rules of the disclosure and does not represent the compensation actually received by the table participants on a cash basis for any time period shown above.
(3)
To calculate CAP for the PEO, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

196,419

(504,032)

477,751

(192,116)

(66,886)

(88,864)

2021

(1,005,511)

173,740

(494,528)

645,344

192,223

50,531

(438,201)

2020

(1,213,448)

122,838

(420,052)

448,918

(113,636)

(13,344)

(1,188,724)

(4)
For fiscal years 2020 through 2022, J. Bushek, L. Hobbie, C.A. Renlund, and T. Johnson are included as other named executive officers. For fiscal year 2021 D. Peterson and for fiscal year 2020 J. Newman were also included as other named executive officers.
(5)
To calculate CAP for the average named executive officers, the following average adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

17,142

(156,186)

148,042

(55,919)

(18,916)

(65,837)

2021

(245,375)

44,404

(140,180)

182,931

48,273

13,221

(96,726)

2020

(898,791)

56,167

(133,792)

142,986

(35,715)

(11,340)

(880,485)

(6)
Peer Group Total Shareholder Return of the Edison Electric Institute (EEI) Index companies.
   
Named Executive Officers, Footnote [Text Block] For fiscal years 2020 through 2022, J. Bushek, L. Hobbie, C.A. Renlund, and T. Johnson are included as other named executive officers. For fiscal year 2021 D. Peterson and for fiscal year 2020 J. Newman were also included as other named executive officers    
Peer Group Issuers, Footnote [Text Block] Peer Group Total Shareholder Return of the Edison Electric Institute (EEI) Index companies    
PEO Total Compensation Amount [1] $ 1,678,867 $ 2,628,028 $ 2,711,113
PEO Actually Paid Compensation Amount [2],[3] $ 1,590,003 2,189,827 1,522,389
Adjustment To PEO Compensation, Footnote [Text Block] calculate CAP for the PEO, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

196,419

(504,032)

477,751

(192,116)

(66,886)

(88,864)

2021

(1,005,511)

173,740

(494,528)

645,344

192,223

50,531

(438,201)

2020

(1,213,448)

122,838

(420,052)

448,918

(113,636)

(13,344)

(1,188,724)

   
Non-PEO NEO Average Total Compensation Amount [4] $ 797,155 863,501 1,589,557
Non-PEO NEO Average Compensation Actually Paid Amount [2],[4],[5] $ 731,318 766,775 709,072
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] calculate CAP for the average named executive officers, the following average adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

17,142

(156,186)

148,042

(55,919)

(18,916)

(65,837)

2021

(245,375)

44,404

(140,180)

182,931

48,273

13,221

(96,726)

2020

(898,791)

56,167

(133,792)

142,986

(35,715)

(11,340)

(880,485)

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The chart below illustrates the relationship of executive compensation actually paid and MGE Energy total shareholder return (TSR). Also included is the relationship of MGE Energy TSR and peer group TSR.

 

img48000444_26.jpg  

   
Compensation Actually Paid vs. Net Income [Text Block]

The chart below illustrates the relationship of executive compensation actually paid and Net Income.

 

img48000444_28.jpg  

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

The chart below illustrates the relationship of executive compensation actually paid and Earnings Per Share (EPS).

 

img48000444_27.jpg  

   
Total Shareholder Return Vs Peer Group [Text Block]

The chart below illustrates the relationship of executive compensation actually paid and MGE Energy total shareholder return (TSR). Also included is the relationship of MGE Energy TSR and peer group TSR.

 

img48000444_26.jpg  

   
Tabular List [Table Text Block]

The following table identifies the financial and non-financial most important performance measures used by our Committee to link compensation actually paid to our named executive officers to company performance. See further discussion in the Compensation Discussion and Analysis for description of metrics and impact to executive compensation

 

Performance Measures

Earnings Per Share

Return on Equity

Relative Total Shareholder Return

Customer Satisfaction Rating

Service Reliability

   
Total Shareholder Return Amount $ 95 109 91
Peer Group Total Shareholder Return Amount [6] 117 116 99
Net Income (Loss) $ 110,882,000 $ 105,761,000 $ 92,418,000
Company Selected Measure Amount 3.07 2.92 2.60
PEO Name J. Keebler (PEO)    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Earnings Per Share    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Return on Equity    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Shareholder Return    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Customer Satisfaction Rating    
Measure [Axis]: 5      
Pay vs Performance Disclosure [Table]      
Measure Name Service Reliability    
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (88,864) $ (438,201) $ (1,188,724)
PEO [Member] | Deduction for Actuarial Pension Present Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 (1,005,511) (1,213,448)
PEO [Member] | Addition for Service Cost for Pension [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 196,419 173,740 122,838
PEO [Member] | Deduction Grant Date Fair Value of Awards Granted in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (504,032) (494,528) (420,052)
PEO [Member] | Addition of Fair Value of Equity Awards Granted in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 477,751 645,344 448,918
PEO [Member] | Change in Fair Value of Prior Years Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (192,116) 192,223 (113,636)
PEO [Member] | Change in Fair Value of Prior Years Awards Vested in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (66,886) 50,531 (13,344)
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (65,837) (96,726) (880,485)
Non-PEO NEO [Member] | Deduction for Actuarial Pension Present Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 (245,375) (898,791)
Non-PEO NEO [Member] | Addition for Service Cost for Pension [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 17,142 44,404 56,167
Non-PEO NEO [Member] | Deduction Grant Date Fair Value of Awards Granted in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (156,186) (140,180) (133,792)
Non-PEO NEO [Member] | Addition of Fair Value of Equity Awards Granted in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 148,042 182,931 142,986
Non-PEO NEO [Member] | Change in Fair Value of Prior Years Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (55,919) 48,273 (35,715)
Non-PEO NEO [Member] | Change in Fair Value of Prior Years Awards Vested in FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (18,916) $ 13,221 $ (11,340)
[1] Reflects amounts reported in the "Summary Compensation Table" for J. Keebler (PEO).
[2] Compensation Actually Paid (CAP) includes adjustments in accordance with the SEC methodology to the total executive compensation reported from the summary compensation table. The adjustments include a deduction for actuarial present value of accumulated benefit of all defined benefit and actuarial pension plans reported in the summary compensation table; addition of actuarially determined service costs for services rendered by the executive during the covered fiscal period, deduction of grant date fair value of equity award amounts reported in the summary compensation table; and addition or subtraction of the change in fair value of the equity awards unvested and vested during the fiscal period. Compensation "actually paid" is prescribed by the rules of the disclosure and does not represent the compensation actually received by the table participants on a cash basis for any time period shown above.
[3] To calculate CAP for the PEO, the following adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

196,419

(504,032)

477,751

(192,116)

(66,886)

(88,864)

2021

(1,005,511)

173,740

(494,528)

645,344

192,223

50,531

(438,201)

2020

(1,213,448)

122,838

(420,052)

448,918

(113,636)

(13,344)

(1,188,724)

[4] For fiscal years 2020 through 2022, J. Bushek, L. Hobbie, C.A. Renlund, and T. Johnson are included as other named executive officers. For fiscal year 2021 D. Peterson and for fiscal year 2020 J. Newman were also included as other named executive officers.
[5] To calculate CAP for the average named executive officers, the following average adjustments were made to Summary Compensation Table total compensation, calculated in accordance with the SEC methodology for determining CAP for each year shown:

 

Year

Deduction for Actuarial Pension Present Value

Addition for Service Cost for Pension

Deduction Grant Date Fair Value of Awards Granted in FY

Addition of Fair Value of Equity Awards Granted in FY

Change in Fair Value of Prior Years’ Unvested Equity Awards

Change in Fair Value of Prior Years’ Awards Vested in FY

Total Adjustment to CAP

2022

17,142

(156,186)

148,042

(55,919)

(18,916)

(65,837)

2021

(245,375)

44,404

(140,180)

182,931

48,273

13,221

(96,726)

2020

(898,791)

56,167

(133,792)

142,986

(35,715)

(11,340)

(880,485)

[6] Peer Group Total Shareholder Return of the Edison Electric Institute (EEI) Index companies.