XML 61 R40.htm IDEA: XBRL DOCUMENT v3.22.0.1
Regulatory Assets and Liabilities (Tables)
12 Months Ended
Dec. 31, 2021
Regulatory Assets and Liabilities Disclosure [Abstract]  
Regulatory Assets and Liabilities

The following regulatory assets and liabilities are reflected in MGE's consolidated balance sheets as of December 31:

 

(In thousands)

 

2021

 

 

2020

 

Regulatory Assets

 

 

 

 

 

 

Asset retirement obligation

 

$

13,081

 

 

$

11,935

 

Deferred fuel costs

 

 

3,292

 

 

 

—

 

Deferred bad debt expense

 

 

5,600

 

 

 

3,750

 

Debt related costs

 

 

8,173

 

 

 

8,586

 

Deferred pension and other postretirement costs

 

 

1,017

 

 

 

5,280

 

Derivatives

 

 

—

 

 

 

13,989

 

Leases

 

 

2,992

 

 

 

2,748

 

Tax recovery related to AFUDC equity

 

 

10,347

 

 

 

8,952

 

Unfunded pension and other postretirement liability

 

 

63,728

 

 

 

101,594

 

Other

 

 

782

 

 

 

418

 

Total Regulatory Assets

 

$

109,012

 

 

$

157,252

 

 

 

 

 

 

 

 

Regulatory Liabilities

 

 

 

 

 

 

Deferred fuel savings

 

$

—

 

 

$

5,047

 

Derivatives

 

 

617

 

 

 

—

 

Elm Road

 

 

—

 

 

 

1,957

 

Income taxes

 

 

110,817

 

 

 

129,856

 

Non-ARO removal costs

 

 

29,694

 

 

 

28,197

 

Pension and other postretirement service costs

 

 

11,451

 

 

 

7,524

 

Deferred pension and other postretirement costs

 

 

8,112

 

 

 

—

 

Purchased gas adjustment

 

 

1,448

 

 

 

1,832

 

Renewable energy credits

 

 

1,001

 

 

 

802

 

Transmission

 

 

223

 

 

 

7,669

 

Other

 

 

300

 

 

 

1,019

 

Total Regulatory Liabilities

 

$

163,663

 

 

$

183,903