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Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 40,239,000 $ 44,738,000
Accounts receivable, less reserves 43,172,000 41,384,000
Other accounts receivables, less reserves 9,702,000 7,300,000
Unbilled revenues 25,148,000 27,511,000
Materials and supplies, at average cost 32,222,000 32,513,000
Fuel for electric generation, at average cost 4,885,000 6,356,000
Stored natural gas, at average cost 1,578,000 8,396,000
Prepaid taxes 11,210,000 15,179,000
Regulatory assets - current 24,313,000 14,748,000
Other current assets 9,042,000 11,394,000
Total Current Assets 201,511,000 209,519,000
Other long-term receivables 1,486,000 1,435,000
Regulatory assets 139,667,000 142,504,000
Pension benefit asset 17,848,000 13,873,000
Other deferred assets and other 22,564,000 22,259,000
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,633,908,000 1,630,286,000
Construction work in progress 157,970,000 139,099,000
Total Property, Plant, and Equipment 1,791,878,000 1,769,385,000
Investments 95,283,000 94,676,000
Total Assets 2,270,237,000 2,253,651,000
Current Liabilities:    
Long-term debt due within one year 4,800,000 4,771,000
Short-term debt 54,000,000 52,500,000
Accounts payable 53,840,000 54,642,000
Accrued interest and taxes 7,540,000 8,539,000
Accrued payroll related items 10,019,000 12,635,000
Regulatory liabilities - current 37,035,000 41,664,000
Derivative liabilities 9,790,000 10,160,000
Other current liabilities 6,774,000 6,015,000
Total Current Liabilities 183,798,000 190,926,000
Other Credits:    
Deferred income taxes 236,903,000 231,471,000
Investment tax credit - deferred 21,588,000 21,821,000
Regulatory liabilities 143,365,000 142,239,000
Accrued pension and other postretirement benefits 77,941,000 78,168,000
Derivative liabilities 1,800,000 3,980,000
Finance lease liabilities 17,623,000 17,532,000
Other deferred liabilities and other 71,297,000 72,211,000
Total Other Credits 570,517,000 567,422,000
Capitalization:    
Common shareholders equity 997,711,000 976,000,000
Long-term debt 518,211,000 519,303,000
Total Capitalization 1,515,922,000 1,495,303,000
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 2,270,237,000 2,253,651,000
MGE [Member]    
Current Assets:    
Cash and cash equivalents 6,709,000 4,103,000
Accounts receivable, less reserves 43,172,000 41,384,000
Affiliate receivables 530,000 532,000
Other accounts receivables, less reserves 9,698,000 7,295,000
Unbilled revenues 25,148,000 27,511,000
Materials and supplies, at average cost 32,222,000 32,513,000
Fuel for electric generation, at average cost 4,885,000 6,356,000
Stored natural gas, at average cost 1,578,000 8,396,000
Prepaid taxes 11,102,000 14,848,000
Regulatory assets - current 24,313,000 14,748,000
Other current assets 8,940,000 11,326,000
Total Current Assets 168,297,000 169,012,000
Affiliate receivable long-term 1,986,000 2,118,000
Regulatory assets 139,667,000 142,504,000
Pension benefit asset 17,848,000 13,873,000
Other deferred assets and other 22,877,000 22,448,000
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,633,936,000 1,630,314,000
Construction work in progress 157,970,000 139,099,000
Total Property, Plant, and Equipment 1,791,906,000 1,769,413,000
Investments 433,000 603,000
Total Assets 2,143,014,000 2,119,971,000
Current Liabilities:    
Long-term debt due within one year 4,800,000 4,771,000
Short-term debt 54,000,000 52,500,000
Accounts payable 53,808,000 54,576,000
Accrued interest and taxes 9,574,000 10,405,000
Accrued payroll related items 10,019,000 12,635,000
Regulatory liabilities - current 37,035,000 41,664,000
Derivative liabilities 9,790,000 10,160,000
Other current liabilities 6,776,000 6,042,000
Total Current Liabilities 185,802,000 192,753,000
Other Credits:    
Deferred income taxes 204,853,000 200,390,000
Investment tax credit - deferred 21,588,000 21,821,000
Regulatory liabilities 143,365,000 142,239,000
Accrued pension and other postretirement benefits 77,941,000 78,168,000
Derivative liabilities 1,800,000 3,980,000
Finance lease liabilities 17,623,000 17,532,000
Other deferred liabilities and other 71,445,000 72,173,000
Total Other Credits 538,615,000 536,303,000
Capitalization:    
Common shareholders equity 758,689,000 730,416,000
Noncontrolling interest 141,697,000 141,196,000
Total Equity 900,386,000 871,612,000
Long-term debt 518,211,000 519,303,000
Total Capitalization 1,418,597,000 1,390,915,000
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 2,143,014,000 $ 2,119,971,000