Investments (Tables)

12 Months Ended

Dec. 31, 2020

Investments Disclosure [Abstract]

Equity Method and Other Investments

		MGE Energy				MGE
(In thousands)		2020		2019		2020		2019
Equity securities	$	17,906	$	14,546	$	603	$	209
Equity method investments:
ATC and ATC Holdco		74,423		71,609		-		-
Other		39		39		-		-
Total equity method investments		74,462		71,648		-		-
Other investments		2,308		2,298		-		-
Total	$	94,676	$	88,492	$	603	$	209

During the years ended December 31, 2020, 2019, and 2018, certain investments were liquidated. As a result of these liquidations, the following was received:

		MGE Energy						MGE
(In thousands)		2020		2019		2018		2020		2019		2018
Cash proceeds	$	622	$	216	$	960	$	-	$	2	$	3
Gain (loss) on sale		379		580		476		-		(343)		3

Equity Method Investments Summarized Financial Data

Equity earnings from investments are recorded as "Other income" on the consolidated statements of income of MGE Energy. For the years ended December 31, MGE Transco recorded the following:

(In thousands)		2020		2019		2018
Equity earnings from investment in ATC	$	10,167	$	9,889	$	8,821
Dividends received from ATC(a)		8,633		7,347		4,611
Capital contributions to ATC		1,249		3,018		2,841

(a)MGE Transco recorded a $2.3 million dividend receivable from ATC as of December 31, 2017. A cash dividend was received in January of 2018.

(In thousands)
Income statement data for the year ended December 31,		2020		2019		2018
Operating revenues	$	758,117	$	744,371	$	690,510
Operating expenses		(372,463)		(373,527)		(358,703)
Other income		1,922		48		2,405
Interest expense, net		(112,818)		(110,490)		(110,725)
Earnings before members' income taxes	$	274,758	$	260,402	$	223,487

Balance sheet data as of December 31,		2020		2019
Current assets	$	92,735	$	84,635
Noncurrent assets		5,400,538		5,244,220
Total assets	$	5,493,273	$	5,328,855
Current liabilities	$	310,749	$	502,601
Long-term debt		2,512,246		2,312,799
Other noncurrent liabilities		378,205		298,828
Members' equity		2,292,073		2,214,627
Total members' equity and liabilities	$	5,493,273	$	5,328,855