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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 16,270 $ 11,140
Accounts receivable, less reserves 42,962 46,734
Other accounts receivables, less reserves 16,297 15,618
Unbilled revenues 27,856 33,181
Materials and supplies, at average cost 35,454 33,385
Fuel for electric generation, at average cost 13,190 13,423
Stored natural gas, at average cost 21,960 25,840
Prepaid taxes 17,929 22,310
Regulatory assets - current 16,032 20,979
Other current assets 14,280 15,587
Total Current Assets 222,230 238,197
Regulatory assets 66,376 81,589
Pension benefit asset 99,021 93,896
Other deferred assets and other 20,910 20,741
Property, Plant, and Equipment:    
Property, plant, and equipment, net 2,073,061 2,018,121
Construction work in progress 128,232 110,091
Total Property, Plant, and Equipment 2,201,293 2,128,212
Investments 114,812 112,823
Total Assets 2,724,642 2,675,458
Current Liabilities:    
Long-term debt due within one year 5,215 5,146
Short-term debt 59,800 38,000
Accounts payable 49,834 65,451
Accrued interest and taxes 10,234 9,372
Accrued payroll related items 12,560 15,888
Regulatory liabilities - current 21,803 15,296
Other current liabilities 8,631 8,003
Total Current Liabilities 168,077 157,156
Other Credits:    
Deferred income taxes 287,160 279,029
Investment tax credit - deferred 45,940 46,892
Regulatory liabilities 150,122 162,316
Accrued pension and other postretirement benefits 55,634 55,058
Asset Retirement Obligations, Noncurrent 71,724 54,430
Other deferred liabilities and other 61,896 61,682
Total Other Credits 672,476 659,407
Capitalization:    
Common shareholders equity 1,167,628 1,140,073
Long-term debt 716,461 718,822
Total Capitalization 1,884,089 1,858,895
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 2,724,642 2,675,458
MGE [Member]    
Current Assets:    
Cash and cash equivalents 3,867 2,819
Accounts receivable, less reserves 42,962 46,734
Other accounts receivables, less reserves 16,294 15,616
Unbilled revenues 27,856 33,181
Materials and supplies, at average cost 35,454 33,385
Fuel for electric generation, at average cost 13,190 13,423
Stored natural gas, at average cost 21,960 25,840
Prepaid taxes 18,012 22,338
Regulatory assets - current 16,032 20,979
Other current assets 14,714 16,088
Total Current Assets 210,341 230,403
Regulatory assets 66,376 81,589
Pension benefit asset 99,021 93,896
Other deferred assets and other 20,584 20,780
Property, Plant, and Equipment:    
Property, plant, and equipment, net 2,073,089 2,018,149
Construction work in progress 128,232 110,091
Total Property, Plant, and Equipment 2,201,321 2,128,240
Investments 67 60
Total Assets 2,597,710 2,554,968
Current Liabilities:    
Long-term debt due within one year 5,215 5,146
Short-term debt 59,800 38,000
Accounts payable 49,821 65,434
Accrued interest and taxes 9,744 9,325
Accrued payroll related items 12,560 15,888
Regulatory liabilities - current 21,803 15,296
Other current liabilities 8,631 6,502
Total Current Liabilities 167,574 155,591
Other Credits:    
Deferred income taxes 252,829 244,634
Investment tax credit - deferred 45,940 46,892
Regulatory liabilities 150,122 162,316
Accrued pension and other postretirement benefits 55,634 55,058
Asset Retirement Obligations, Noncurrent 71,724 54,430
Other deferred liabilities and other 64,216 63,969
Total Other Credits 640,465 627,299
Capitalization:    
Common shareholders equity 922,316 903,725
Noncontrolling interest 150,894 149,531
Total Equity 1,073,210 1,053,256
Long-term debt 716,461 718,822
Total Capitalization 1,789,671 1,772,078
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 2,597,710 $ 2,554,968