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Joint Plant Ownership
3 Months Ended
Mar. 31, 2021
Public Utilities Property Plant And Equipment [Abstract]  
Jointly Owned Electric Utility Plant

Joint Plant Ownership - MGE Energy and MGE

 

MGE currently has ongoing jointly-owned solar generation construction projects, as shown in the following table. Incurred costs are reflected in "Construction work in progress" on the consolidated balance sheets.

 

 

 

Ownership

 

Share of

 

Share of

 

Costs incurred as of

 

Date of Commercial

 

 

Project

 

Interest

 

Generation

 

Estimated Costs

 

March 31, 2021(a)

 

Operation

 

 

Badger Hollow I(b)

 

33

%

 

50

MW

 

$65

million

 

$56.4

million

 

Q3 2021(c)

 

 

Badger Hollow II(b)

 

33

%

 

50

MW

 

$65

million

 

$5.3

million

 

December 2022(c)

 

(a)Excluding AFUDC.

 

(b)The Badger Hollow I and Badger Hollow II solar farms are located in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb.

 

(c)Estimated date of commercial operation.

MGE received specific approval to recover 100% AFUDC on each of these projects. During the three months ended March 31, 2021 and 2020, MGE recognized $1.1 million and $0.4 million, respectively, after tax, in AFUDC for Badger Hollow I and II.