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Noncontrolling Interest
 12 Months Ended
Dec. 31, 2024
MGE [Member]  
Noncontrolling Interest [Line Items]  
Noncontrolling Interest Disclosure [Text Block] Noncontrolling Interest - MGE.

 

The noncontrolling interest in MGE's consolidated balance sheets as of December 31:

 

(In thousands)

 

2024

 

 

2023

 

MGE Power Elm Road(a)

 

$

104,304

 

 

$

103,751

 

MGE Power West Campus(a)

 

 

46,082

 

 

 

45,780

 

Total Noncontrolling Interest

 

$

150,386

 

 

$

149,531

 

 

The net income attributable to noncontrolling interest, net of tax, was as follows for the years ended December 31:

 

(In thousands)

 

2024

 

 

2023

 

 

2022

 

MGE Power Elm Road(a)

 

$

15,553

 

 

$

14,668

 

 

$

14,326

 

MGE Power West Campus(a)

 

 

7,302

 

 

 

7,200

 

 

 

7,250

 

Net Income Attributable to Noncontrolling Interest, Net of Tax

 

$

22,855

 

 

$

21,868

 

 

$

21,576

 

 

(a)
MGE Power Elm Road and MGE Power West Campus are not subsidiaries of MGE; however, they have been consolidated in the consolidated financial statements of MGE (see Footnote 3). MGE Power Elm Road and MGE Power West Campus are 100% owned by MGE Power, and MGE Power is 100% owned by MGE Energy. MGE Energy's proportionate share of the equity and net income (through its wholly owned subsidiary MGE Power) of MGE Power Elm Road and MGE Power West Campus is classified within the MGE consolidated financial statements as noncontrolling interest.