XML 60 R45.htm IDEA: XBRL DOCUMENT v3.20.2
Derivative and Hedging Instruments (Details-1)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2020
USD ($)
Dth
MWh
MW
Dec. 31, 2019
USD ($)
Dth
MWh
MW
Jun. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Derivative fair values [Abstract]              
Collateral posted against derivative positions     $ 1,500        
Collateral posted against derivative positions $ 700 $ 700          
Other Current Assets [Member]              
Derivative fair values [Abstract]              
Derivative fair value, net 983 983 1,100 $ 940 $ 1,031 $ 878 $ 377
Commodity Contracts And Financial Transimission Rights [Member]              
Derivative fair values [Abstract]              
Derivative fair value, net 2,000 $ 2,000 $ (1,400)        
Commodity Derivative Contracts [Member]              
Gross Notional Volume of Open Derivatives              
Notional amount, energy measure (in MWh) | MWh   330,400 417,840        
Notional amount, decatherm measure (in Dth) | Dth   8,495,000 6,605,000        
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis 2,501 $ 2,501 $ 230        
Liability Derivatives, fair value, gross basis 558 558 1,738        
Collateral posted against derivative positions 0 0 1,546        
Collateral posted against derivative positions 650 650 0        
Commodity Derivative Contracts [Member] | Other Current Assets [Member]              
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis 2,248 [1] 2,248 [1] 100        
Liability Derivatives, fair value, gross basis [1] 546 546          
Commodity Derivative Contracts [Member] | Other Deferred Charges [Member]              
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis [1] 253 253          
Liability Derivatives, fair value, gross basis [1] 12 12          
Commodity Derivative Contracts [Member] | Derivative Liability (Current) [Member]              
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis [2],[3]     157        
Liability Derivatives, fair value, gross basis [2],[3]     1,521        
Commodity Derivative Contracts [Member] | Derivative Liability (Long-term) [Member]              
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis [2],[3]     73        
Liability Derivatives, fair value, gross basis [2],[3]     217        
Commodity Derivative Contracts [Member] | Cash Flow Hedging [Member]              
Derivative fair values [Abstract]              
Collateral posted against derivative positions     $ 1,500        
Collateral posted against derivative positions $ 700 $ 700          
Energy Related Commodity Contract [Member] | Cash Flow Hedging [Member]              
Derivatives Fair Value [Line Items]              
Maximum term of derivative hedging contract 4 years            
Financial Transmission Rights [Member]              
Gross Notional Volume of Open Derivatives              
Notional amount, power measure (in MW) | MW   4,589 2,750        
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis $ 20 $ 20 $ 73        
Collateral posted against derivative positions 0 0 0        
Financial Transmission Rights [Member] | Other Current Assets [Member]              
Derivative fair values [Abstract]              
Asset Derivatives, fair value, gross basis 20 20 73        
Liability Derivatives, fair value, gross basis 0 $ 0 $ 0        
PPA [Member]              
Gross Notional Volume of Open Derivatives              
Notional amount, power measure (in MW) | MW   1,000 1,450        
Derivative fair values [Abstract]              
Derivative fair value, net (16,000) $ (16,000) $ (25,400)        
Liability Derivatives, fair value, gross basis 15,980 15,980 25,440        
Collateral posted against derivative positions 0 0 0        
PPA [Member] | Derivative Liability (Current) [Member]              
Derivative fair values [Abstract]              
Liability Derivatives, fair value, gross basis 9,640 9,640 10,100        
PPA [Member] | Derivative Liability (Long-term) [Member]              
Derivative fair values [Abstract]              
Liability Derivatives, fair value, gross basis $ 6,340 $ 6,340 $ 15,340        
[1] As of September 30, 2020, collateral of $0.7 million was posted against derivative positions owed to counterparties under a master netting agreement on the consolidated balance sheet.
[2] As of December 31, 2019, MGE posted $0.1 million as other current assets on the consolidated balance sheets.
[3] As of December 31, 2019, collateral of $1.5 million was posted against and netted with derivative liability positions on the consolidated balance sheets.