XML 113 R92.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value of Financial Instruments (Details-2) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Assets:    
Derivative asset, collateral offset $ 1,300 $ 0
Recurring [Member]    
Assets:    
Derivative assets, net [1] 3,606 806
Exchange-traded investments 1,296 1,750
Total Assets 4,902 2,556
Liabilities:    
Derivative liabilities, net [1] 2,989 14,795
Deferred compensation 3,653 3,509
Total Liabilities 6,642 18,304
Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 1,170 436
Exchange-traded investments 1,296 1,750
Total Assets 2,466 2,186
Liabilities:    
Derivative liabilities, net [1] 731 370
Deferred compensation 0 0
Total Liabilities 731 370
Recurring [Member] | Level 2 [Member]    
Assets:    
Derivative assets, net [1] 0 0
Exchange-traded investments 0 0
Total Assets 0 0
Liabilities:    
Derivative liabilities, net [1] 0 0
Deferred compensation 3,653 3,509
Total Liabilities 3,653 3,509
Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 2,436 370
Exchange-traded investments 0 0
Total Assets 2,436 370
Liabilities:    
Derivative liabilities, net [1] 2,258 14,425
Deferred compensation 0 0
Total Liabilities 2,258 14,425
MGE [Member] | Recurring [Member]    
Assets:    
Derivative assets, net [1] 3,606 806
Exchange-traded investments 230 603
Total Assets 3,836 1,409
Liabilities:    
Derivative liabilities, net [1] 2,989 14,795
Deferred compensation 3,653 3,509
Total Liabilities 6,642 18,304
MGE [Member] | Recurring [Member] | Level 1 [Member]    
Assets:    
Derivative assets, net [1] 1,170 436
Exchange-traded investments 230 603
Total Assets 1,400 1,039
Liabilities:    
Derivative liabilities, net [1] 731 370
Deferred compensation 0 0
Total Liabilities 731 370
MGE [Member] | Recurring [Member] | Level 2 [Member]    
Assets:    
Derivative assets, net [1] 0 0
Exchange-traded investments 0
Total Assets 0 0
Liabilities:    
Derivative liabilities, net [1] 0 0
Deferred compensation 3,653 3,509
Total Liabilities 3,653 3,509
MGE [Member] | Recurring [Member] | Level 3 [Member]    
Assets:    
Derivative assets, net [1] 2,436 370
Exchange-traded investments 0 0
Total Assets 2,436 370
Liabilities:    
Derivative liabilities, net [1] 2,258 14,425
Deferred compensation 0 0
Total Liabilities $ 2,258 $ 14,425
[1] As of December 31, 2021, MGE received collateral of $1.3 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.