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Subsequent Events
9 Months Ended
Sep. 30, 2011
Subsequent Events Disclosure [Abstract] 
Subsequent Events

16.        Subsequent Events - MGE Energy and MGE.

 

Receivable – Margin Account.

 

MGE enters into financial transactions to hedge its costs for fuel used in electric generation, purchased power, and cost of gas sold to customers. These transactions are conducted pursuant to a PSCW approved risk management plan through an account held at MF Global. As of October 31, 2011, MGE had approximately $3.3 million in a customer segregated margin account held at MF Global. As a result of a bankruptcy filing on October 31, 2011 by affiliated MF Global entities, the Chicago Mercantile Exchange froze all MF Global-related accounts (including MGE's account). At this time, MGE is unable to predict the ultimate impact of these events, including any regulatory recovery related to any losses we may incur.