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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Electric revenues $ 490,419 $ 465,847 $ 420,964
Gas revenue 200,012 248,672 185,620
Total Operating Revenues 690,431 714,519 606,584
Operating Expenses:      
Fuel for electric generation 57,627 61,329 54,633
Purchased power 41,224 46,821 39,395
Cost of gas sold 106,647 152,570 99,690
Other operations and maintenance 215,891 209,875 199,316
Depreciation and amortization 100,352 85,549 76,983
Other general taxes 22,305 20,632 19,273
Total Operating Expenses 544,046 576,776 489,290
Operating Income 146,385 137,743 117,294
Other income, net 29,546 26,080 16,694
Interest (expense) income, net (30,429) (26,647) (24,112)
Income before income taxes 145,502 137,176 109,876
Income tax provision (27,803) (26,224) (4,115)
Net Income Including Noncontrolling Interest 117,699 110,952 105,761
Net Income $ 117,699 $ 110,952 $ 105,761
Earnings Per Share of Common Stock, Basic $ 3.25 $ 3.07 $ 2.92
Earnings Per Share of Common Stock, Diluted 3.25 3.07 2.92
Dividends per share of common stock $ 1.67 $ 1.59 $ 1.52
Weighted Average Shares Outstanding, Basic 36,163 36,163 36,163
Weighted Average Shares Outstanding, Diluted 36,186 36,174 36,167
MGE [Member]      
Operating Revenues:      
Electric revenues $ 490,419 $ 465,847 $ 420,964
Gas revenue 200,012 248,672 185,620
Total Operating Revenues 690,431 714,519 606,584
Operating Expenses:      
Fuel for electric generation 57,627 61,329 54,633
Purchased power 41,224 46,821 39,395
Cost of gas sold 106,647 152,570 99,690
Other operations and maintenance 214,897 209,007 198,552
Depreciation and amortization 100,352 85,549 76,983
Other general taxes 22,301 20,627 19,269
Total Operating Expenses 543,048 575,903 488,522
Operating Income 147,383 138,616 118,062
Other income, net 21,365 17,626 9,121
Interest (expense) income, net (30,651) (26,687) (24,153)
Income before income taxes 138,097 129,555 103,030
Income tax provision (25,727) (24,063) (2,248)
Net Income Including Noncontrolling Interest 112,370 105,492 100,782
Less Net Income Attributable to Noncontrolling Interest, net of tax (21,868) (21,576) (22,391)
Net Income $ 90,502 $ 83,916 $ 78,391