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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16,507 $ 11,604
Accounts receivable, less reserves 41,025 55,407
Other accounts receivables, less reserves 15,198 11,418
Unbilled revenues 26,650 43,086
Materials and supplies, at average cost 33,757 33,465
Fuel for electric generation, at average cost 12,524 7,962
Stored natural gas, at average cost 25,601 32,848
Prepaid taxes 20,025 19,132
Regulatory assets - current 16,347 9,541
Other current assets 14,897 19,017
Total Current Assets 222,531 243,480
Regulatory assets 97,801 103,900
Pension benefit asset 72,349 68,872
Other deferred assets and other 22,326 24,365
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,903,143 1,865,352
Construction work in progress 132,980 105,748
Total Property, Plant, and Equipment 2,036,123 1,971,100
Investments 108,938 105,883
Total Assets 2,560,068 2,517,600
Current Liabilities:    
Long-term debt due within one year 35,079 54,314
Short-term debt 42,000 70,500
Accounts payable 38,571 59,334
Accrued interest and taxes 8,750 7,868
Accrued payroll related items 10,337 13,064
Regulatory liabilities - current 15,831 11,925
Other current liabilities 8,831 8,057
Total Current Liabilities 159,399 225,062
Other Credits:    
Deferred income taxes 266,807 252,190
Investment tax credit - deferred 47,785 48,735
Regulatory liabilities 153,549 156,988
Accrued pension and other postretirement benefits 54,179 53,607
Finance lease liabilities 17,860 17,108
Other deferred liabilities and other 96,251 96,990
Total Other Credits 636,431 625,618
Capitalization:    
Common shareholders equity 1,112,584 1,081,674
Long-term debt 651,654 585,246
Total Capitalization 1,764,238 1,666,920
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 2,560,068 2,517,600
MGE [Member]    
Current Assets:    
Cash and cash equivalents 8,574 4,136
Accounts receivable, less reserves 41,025 55,407
Other accounts receivables, less reserves 15,195 11,416
Unbilled revenues 26,650 43,086
Materials and supplies, at average cost 33,757 33,465
Fuel for electric generation, at average cost 12,524 7,962
Stored natural gas, at average cost 25,601 32,848
Prepaid taxes 19,885 18,467
Regulatory assets - current 16,347 9,541
Other current assets 15,413 19,479
Total Current Assets 214,971 235,807
Regulatory assets 97,801 103,900
Pension benefit asset 72,349 68,872
Other deferred assets and other 22,528 24,817
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,903,171 1,865,380
Construction work in progress 132,980 105,748
Total Property, Plant, and Equipment 2,036,151 1,971,128
Investments 108 115
Total Assets 2,443,908 2,404,639
Current Liabilities:    
Long-term debt due within one year 35,079 54,314
Short-term debt 42,000 70,500
Accounts payable 38,501 59,317
Accrued interest and taxes 8,705 7,912
Accrued payroll related items 10,337 13,064
Regulatory liabilities - current 15,831 11,925
Other current liabilities 8,841 6,062
Total Current Liabilities 159,294 223,094
Other Credits:    
Deferred income taxes 233,117 219,258
Investment tax credit - deferred 47,785 48,735
Regulatory liabilities 153,549 156,988
Accrued pension and other postretirement benefits 54,179 53,607
Finance lease liabilities 17,860 17,108
Other deferred liabilities and other 98,084 98,217
Total Other Credits 604,574 593,913
Capitalization:    
Common shareholders equity 879,578 854,223
Noncontrolling interest 148,808 148,163
Total Equity 1,028,386 1,002,386
Long-term debt 651,654 585,246
Total Capitalization 1,680,040 1,587,632
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 2,443,908 $ 2,404,639