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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 23,481,000 $ 83,102,000
Accounts receivable, less reserves 40,482,000 43,593,000
Other accounts receivables, less reserves 7,940,000 6,262,000
Unbilled revenues 25,899,000 28,243,000
Materials and supplies, at average cost 26,287,000 24,093,000
Fuel for electric generation, at average cost 8,358,000 6,599,000
Stored natural gas, at average cost 10,637,000 11,303,000
Prepaid taxes 16,892,000 16,215,000
Regulatory assets - current 11,432,000 9,477,000
Assets held for sale 0 3,080,000
Other current assets 10,233,000 8,593,000
Total Current Assets 181,641,000 240,560,000
Other long-term receivables 1,811,000 2,709,000
Regulatory assets 134,314,000 145,424,000
Pension and other postretirement benefit asset 13,630,000 0
Other deferred assets and other 19,093,000 12,488,000
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,530,199,000 1,369,766,000
Construction work in progress 112,484,000 139,671,000
Total Property, Plant, and Equipment 1,642,683,000 1,509,437,000
Investments 88,492,000 78,000,000
Total Assets 2,081,664,000 1,988,618,000
Current Liabilities:    
Long-term debt due within one year 19,659,000 4,553,000
Short-term debt [1] 0 13,000,000
Accounts payable 55,161,000 46,158,000
Accrued interest and taxes 7,244,000 7,384,000
Accrued payroll related items 12,752,000 13,044,000
Regulatory liabilities - current 9,228,000 13,826,000
Derivative liabilities 10,100,000 8,550,000
Other current liabilities 14,676,000 14,113,000
Total Current Liabilities 128,820,000 120,628,000
Other Credits:    
Deferred income taxes 243,302,000 231,952,000
Investment tax credit - deferred 763,000 818,000
Regulatory liabilities 164,965,000 165,638,000
Accrued pension and other postretirement benefits 68,665,000 67,483,000
Derivative liabilities 15,340,000 23,980,000
Finance lease liabilities 17,379,000 1,771,000
Other deferred liabilities and other 63,013,000 66,361,000
Total Other Credits 573,427,000 558,003,000
Common shareholders' equity:    
Common stock 34,668,000 34,668,000
Additional paid-in capital 316,268,000 316,268,000
Retained earnings 504,740,000 465,708,000
Total Common Shareholders' Equity 855,676,000 816,644,000
Long-term debt 523,741,000 493,343,000
Total Capitalization 1,379,417,000 1,309,987,000
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization 2,081,664,000 1,988,618,000
MGE [Member]    
Current Assets:    
Cash and cash equivalents 3,196,000 4,843,000
Accounts receivable, less reserves 40,482,000 43,593,000
Affiliate receivables 530,000 621,000
Other accounts receivables, less reserves 7,936,000 6,111,000
Unbilled revenues 25,899,000 28,243,000
Materials and supplies, at average cost 26,287,000 24,093,000
Fuel for electric generation, at average cost 8,358,000 6,599,000
Stored natural gas, at average cost 10,637,000 11,303,000
Prepaid taxes 15,463,000 15,790,000
Regulatory assets - current 11,432,000 9,477,000
Assets held for sale 0 3,080,000
Other current assets 10,065,000 8,541,000
Total Current Assets 160,285,000 162,294,000
Affiliate receivable long-term 2,648,000 3,177,000
Regulatory assets 134,314,000 145,424,000
Pension and other postretirement benefit asset 13,630,000 0
Other deferred assets and other 19,680,000 14,142,000
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,530,227,000 1,369,795,000
Construction work in progress 112,484,000 139,671,000
Total Property, Plant, and Equipment 1,642,711,000 1,509,466,000
Investments 209,000 388,000
Total Assets 1,973,477,000 1,834,891,000
Current Liabilities:    
Long-term debt due within one year 19,659,000 4,553,000
Short-term debt 0 13,000,000
Accounts payable 54,845,000 46,165,000
Accrued interest and taxes 8,754,000 10,319,000
Accrued payroll related items 12,752,000 13,044,000
Regulatory liabilities - current 9,228,000 13,826,000
Derivative liabilities 10,100,000 8,550,000
Other current liabilities 12,683,000 11,614,000
Total Current Liabilities 128,021,000 121,071,000
Other Credits:    
Deferred income taxes 214,041,000 204,616,000
Investment tax credit - deferred 763,000 818,000
Regulatory liabilities 164,965,000 165,638,000
Accrued pension and other postretirement benefits 68,665,000 67,483,000
Derivative liabilities 15,340,000 23,980,000
Finance lease liabilities 17,379,000 1,771,000
Other deferred liabilities and other 62,973,000 66,361,000
Total Other Credits 544,126,000 530,667,000
Common shareholders' equity:    
Common stock 17,348,000 17,348,000
Additional paid-in capital 222,917,000 192,417,000
Retained earnings 397,021,000 338,591,000
Total Common Shareholders' Equity 637,286,000 548,356,000
Noncontrolling interest 140,303,000 141,454,000
Total Equity 777,589,000 689,810,000
Long-term debt 523,741,000 493,343,000
Total Capitalization 1,301,330,000 1,183,153,000
Commitments and contingencies (see Footnote 16)
Total Liabilities and Capitalization $ 1,973,477,000 $ 1,834,891,000
[1] (a) MGE Energy short-term borrowings include MGE Energy and MGE lines of credit and MGE commercial paper.