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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 70,454 $ 44,738
Accounts receivable, less reserves 43,162 41,384
Other accounts receivables, less reserves 12,950 7,300
Unbilled revenues 22,973 27,511
Materials and supplies, at average cost 31,179 32,513
Fuel for electric generation, at average cost 3,724 6,356
Stored natural gas, at average cost 15,624 8,396
Prepaid taxes 12,983 15,179
Regulatory assets - current 8,060 14,748
Other current assets 12,976 11,394
Total Current Assets 234,085 209,519
Other long-term receivables 982 1,435
Regulatory assets 135,603 142,504
Pension benefit asset 25,594 13,873
Other deferred assets and other 27,868 22,259
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,743,447 1,630,286
Construction work in progress 103,919 139,099
Total Property, Plant, and Equipment 1,847,366 1,769,385
Investments 99,236 94,676
Total Assets 2,370,734 2,253,651
Current Liabilities:    
Long-term debt due within one year 4,859 4,771
Short-term debt 0 52,500
Accounts payable 57,431 54,642
Accrued interest and taxes 7,769 8,539
Accrued payroll related items 12,109 12,635
Regulatory liabilities - current 31,293 41,664
Derivative liabilities 160 10,160
Other current liabilities 9,922 6,015
Total Current Liabilities 123,543 190,926
Other Credits:    
Deferred income taxes 241,731 231,471
Investment tax credit - deferred 31,011 21,821
Regulatory liabilities 149,028 142,239
Accrued pension and other postretirement benefits 77,406 78,168
Derivative liabilities 0 3,980
Finance lease liabilities 17,828 17,532
Other deferred liabilities and other 86,591 72,211
Total Other Credits 603,595 567,422
Capitalization:    
Common shareholders equity 1,028,285 976,000
Long-term debt 615,311 519,303
Total Capitalization 1,643,596 1,495,303
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 2,370,734 2,253,651
MGE [Member]    
Current Assets:    
Cash and cash equivalents 57,003 4,103
Accounts receivable, less reserves 43,162 41,384
Affiliate receivables 532 532
Other accounts receivables, less reserves 12,947 7,295
Unbilled revenues 22,973 27,511
Materials and supplies, at average cost 31,179 32,513
Fuel for electric generation, at average cost 3,724 6,356
Stored natural gas, at average cost 15,624 8,396
Prepaid taxes 13,210 14,848
Regulatory assets - current 8,060 14,748
Other current assets 12,884 11,326
Total Current Assets 221,298 169,012
Affiliate receivable long-term 1,721 2,118
Regulatory assets 135,603 142,504
Pension benefit asset 25,594 13,873
Other deferred assets and other 27,839 22,448
Property, Plant, and Equipment:    
Property, plant, and equipment, net 1,743,475 1,630,314
Construction work in progress 103,919 139,099
Total Property, Plant, and Equipment 1,847,394 1,769,413
Investments 244 603
Total Assets 2,259,693 2,119,971
Current Liabilities:    
Long-term debt due within one year 4,859 4,771
Short-term debt 0 52,500
Accounts payable 57,404 54,576
Accrued interest and taxes 7,723 10,405
Accrued payroll related items 12,109 12,635
Regulatory liabilities - current 31,293 41,664
Derivative liabilities 160 10,160
Other current liabilities 9,922 6,042
Total Current Liabilities 123,470 192,753
Other Credits:    
Deferred income taxes 210,071 200,390
Investment tax credit - deferred 31,011 21,821
Regulatory liabilities 149,028 142,239
Accrued pension and other postretirement benefits 77,406 78,168
Derivative liabilities 0 3,980
Finance lease liabilities 17,828 17,532
Other deferred liabilities and other 86,927 72,173
Total Other Credits 572,271 536,303
Capitalization:    
Common shareholders equity 801,190 730,416
Noncontrolling interest 147,451 141,196
Total Equity 948,641 871,612
Long-term debt 615,311 519,303
Total Capitalization 1,563,952 1,390,915
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 2,259,693 $ 2,119,971