XML 68 R53.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value of Financial Instruments (Details-2) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Assets:    
Collateral posted against derivative positions $ 9,200 $ 0
Recurring [Member]    
Assets:    
Derivatives [1] 14,210 806
Total Assets 15,334 2,556
Liabilities:    
Derivatives 535 14,795 [1]
Deferred compensation 3,496 3,509
Total liabilities 4,031 18,304
Recurring [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 1,124 1,750
Recurring [Member] | Level 1 [Member]    
Assets:    
Derivatives [1] 10,451 436
Total Assets 11,575 2,186
Liabilities:    
Derivatives 365 370 [1]
Deferred compensation 0 0
Total liabilities 365 370
Recurring [Member] | Level 1 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 1,124 1,750
Recurring [Member] | Level 2 [Member]    
Assets:    
Derivatives [1] 0 0
Total Assets 0 0
Liabilities:    
Derivatives 0 0 [1]
Deferred compensation 3,496 3,509
Total liabilities 3,496 3,509
Recurring [Member] | Level 2 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 0 0
Recurring [Member] | Level 3 [Member]    
Assets:    
Derivatives [1] 3,759 370
Total Assets 3,759 370
Liabilities:    
Derivatives 170 14,425 [1]
Deferred compensation 0 0
Total liabilities 170 14,425
Recurring [Member] | Level 3 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 0 0
MGE [Member] | Recurring [Member]    
Assets:    
Derivatives [1] 14,210 806
Total Assets 14,454 1,409
Liabilities:    
Derivatives 535 14,795 [1]
Deferred compensation 3,496 3,509
Total liabilities 4,031 18,304
MGE [Member] | Recurring [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 244 603
MGE [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Derivatives [1] 10,451 436
Total Assets 10,695 1,039
Liabilities:    
Derivatives 365 370 [1]
Deferred compensation 0 0
Total liabilities 365 370
MGE [Member] | Recurring [Member] | Level 1 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 244 603
MGE [Member] | Recurring [Member] | Level 2 [Member]    
Assets:    
Derivatives [1] 0 0
Total Assets 0 0
Liabilities:    
Derivatives 0 0 [1]
Deferred compensation 3,496 3,509
Total liabilities 3,496 3,509
MGE [Member] | Recurring [Member] | Level 2 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities 0 0
MGE [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Derivatives [1] 3,759 370
Total Assets 3,759 370
Liabilities:    
Derivatives 170 14,425 [1]
Deferred compensation 0 0
Total liabilities 170 14,425
MGE [Member] | Recurring [Member] | Level 3 [Member] | Exchange Traded [Member]    
Assets:    
Available-for-sale securities $ 0 $ 0
[1] As of September 30, 2021, MGE received collateral of $9.2 million from counterparties under a master netting agreement for outstanding exchange traded derivative positions. The fair value of the derivative asset disclosed in this table has not been reduced for the collateral received. No collateral was posted against derivative positions owed to counterparties under a master netting agreement on the consolidated balance sheet as of December 31, 2020.