Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Chattel Paper Agreement, Fiscal Year Maturity Schedule

Principal payments for the remainder of 2014 and the next four years on the loans are:

(In thousands)		2014		2015		2016		2017		2018
Chattel Paper	$	108	$	921	$	841	$	438	$	374

Purchase Contracts, Fiscal Year Maturity Schedule

As of September 30,2014, the future commitments related to these purchase contracts were as follows:

(In thousands)		2014		2015		2016		2017		2018
Coal(a)	$	11,950	$	18,439	$	10,765	$	5,073	$	2,710
Natural gas
Transportation & storage(b)		5,234		18,073		9,937		272		191
Supply(c)		16,951		16,070		-		-		-
Purchase power(d)		12,665		48,964		49,633		50,132		51,153
Other		16,102		-		-		-		-
	$	62,902	$	101,546	$	70,335	$	55,477	$	54,054

(a)Total coal commitments for the Columbia and Elm Road Units, including transportation. Fuel procurements for MGE's jointly owned Columbia and Elm Road Units are handled by WPL and WEPCO, respectively, who are the operators of those facilities. If any minimum purchase obligations must be paid under these contracts, management believes these obligations would be considered costs of service and recoverable in rates.

(b)MGE’s natural gas transportation and storage contracts require fixed monthly payments for firm supply pipeline transportation and storage capacity. The pricing components of the fixed monthly payments for the transportation and storage contracts are established by FERC but may be subject to change.

(c)These commitments include market-based pricing. Management expects to recover these costs in future customer rates.

(d)MGE has several purchase power agreements to help meet future electric supply requirements. Management expects to recover these costs in future customer rates.