2.4.0.8010280 - Disclosure - Fair Value of Financial Instrumentstruefalsefalse1false falsefalseFROM_Jan01_2013_TO_Jun30_2013http://www.sec.gov/CIK0001161728duration2013-01-01T00:00:002013-06-30T00:00:001true 1mgee_FairValueOfFinancialInstrumentsDisclosureAbstractmgee_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Fair Value of Financial Instruments Disclosure [Abstract]2false 2us-gaap_FairValueDisclosuresTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse0011.       Fair Value of Financial Instruments - MGE Energy and MGE. Fair value is defined as the price that would be received to sell an asset or would be paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The standard clarifies that fair value should be based on the assumptions market participants would use when pricing the asset or liability including assumptions about risk. The standard also establishes a three level fair value hierarchy based upon the observability of the assumptions used and requires the use of observable market data when available. The levels are: Level 1 - Pricing inputs are quoted prices within active markets for identical assets or liabilities. Level 2 - Pricing inputs are quoted prices within active markets for similar assets or liabilities; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations that are correlated with or otherwise verifiable by observable market data. Level 3 - Pricing inputs are unobservable and reflect management's best estimate of what market participants would use in pricing the asset or liability. a.       Fair Value of Financial Assets and Liabilities Recorded at the Carrying Amount. At June 30, 2013 and December 31, 2012, the carrying amount of cash and cash equivalents approximates fair market value due to the short maturity of those investments and obligations. The estimated fair market value of MGE Energy's and MGE's long-term debt is based on quoted market prices for similar financial instruments at June 30, 2013 and December 31, 2012. Since the long-term debt is not traded in an active market, it is classified as Level 2. The estimated fair market value of MGE Energy's and MGE's financial instruments are as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">June 30, 2013</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">December 31, 2012</td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;">Carrying</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;">Fair</td><td rowspan="2" style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;">Carrying</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;">Fair</td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">(In thousands)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Amount</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Value</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Amount</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Value</td><td style="width: 35px; text-align:center;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">MGE Energy</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Cash and cash equivalents</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">42,333</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">42,333</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">46,357</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">46,357</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">Liabilities: </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Short-term debt - commercial paper</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">14,000</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">14,000</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Long-term debt*</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">360,472</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">401,854</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">361,805</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">427,456</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">MGE </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Cash and cash equivalents</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">5,310</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">5,310</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">6,350</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">6,350</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;">Liabilities:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Short-term debt - commercial paper</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">14,000</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">14,000</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> Long-term debt*</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">360,472</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">401,854</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">361,805</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">427,456</td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td style="width: 224px; text-align:left;border-color:#000000;min-width:224px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr><tr style="height: 15px"><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td><td colspan="3" style="width: 304px; text-align:center;border-color:#000000;min-width:304px;">*Includes long-term debt due within one year.</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 35px; text-align:left;border-color:#000000;min-width:35px;"> </td></tr></table></div>b.       Recurring Fair Value Measurements. The following table presents the balances of assets and liabilities measured at fair value on a recurring basis for MGE Energy and MGE.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td colspan="8" style="width: 320px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:320px;">Fair Value as of June 30, 2013</td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">(In thousands)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Total</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 1</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 2</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 3</td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">MGE Energy</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Exchange-traded investments</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">553</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">553</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Assets</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">553</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">553</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Liabilities:</td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Derivatives, net</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">66,649</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(207)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">66,856</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Deferred compensation</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Liabilities</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">68,823</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(207)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">66,856</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">MGE</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Exchange-traded investments</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">164</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">164</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Assets</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">164</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">164</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Liabilities:</td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Derivatives, net</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">66,649</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(207)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">66,856</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Deferred compensation</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Liabilities</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">68,823</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(207)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">2,174</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">66,856</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td colspan="8" style="width: 320px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:320px;">Fair Value as of December 31, 2012</td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">(In thousands)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Total</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 1</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 2</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Level 3</td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">MGE Energy</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Exchange-traded investments</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">320</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">320</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Assets</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">320</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">320</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Liabilities:</td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Derivatives, net</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">72,329</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(17)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">72,346</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Deferred compensation</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Total Liabilities </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">74,339</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(17)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">72,346</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">MGE</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Assets:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Exchange-traded investments</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">117</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">117</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Assets</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">117</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">117</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;">Liabilities:</td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Derivatives, net</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">72,329</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(17)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">72,346</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Deferred compensation</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> Total Liabilities</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">74,339</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(17)</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">2,010</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">72,346</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td><td style="width: 225px; text-align:left;border-color:#000000;min-width:225px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td></tr></table></div>No transfers were made in or out of Level 1 or Level 2 for the six months ended June 30, 2013. Investments include exchange-traded investment securities valued using quoted prices on active exchanges and are therefore classified as Level 1. Derivatives include exchange-traded derivative contracts, over-the-counter transactions, a ten-year purchased power agreement, and FTRs. Most exchange-traded derivative contracts are valued based on unadjusted quoted prices in active markets and are therefore classified as Level 1. A small number of exchange-traded derivative contracts are valued using quoted market pricing in markets with insufficient volumes and are therefore classified as Level 3. Transactions done with an over-the-counter party are on inactive markets and are therefore classified as Level 3. These transactions are valued based on quoted prices from markets with similar exchange traded transactions. FTRs are priced based upon monthly auction results for identical or similar instruments in a closed market with limited data available and are therefore classified as Level 3.  The ten-year purchased power agreement (see Footnote 9) was valued using an internally-developed pricing model and therefore is classified as Level 3. The model projects future market energy prices and compares those prices to the projected power costs to be incurred under the contract. Inputs to the model require significant management judgment and estimation. Future energy prices are based on a forward power pricing curve using exchange-traded contracts in the electric futures market, where such exchange-traded contracts exist, and upon calculations based on forward gas prices, where such exchange-traded contracts do not exist. A basis adjustment is applied to the market energy price to reflect the price differential between the market price delivery point and the counterparty delivery point. The historical relationship between the delivery points is reviewed and a discount (below 100%) or premium (above 100%) is derived. This comparison is done for both peak times when demand is high and off peak times when demand is low. If the basis adjustment is lowered, the fair value measurement will decrease and if the basis adjustment is increased, the fair value measurement will increase. The projected power costs anticipated to be incurred under the purchased power agreement are determined using many factors, including historical generating costs, future prices, and expected fuel mix of the counterparty. An increase in the projected fuel costs would result in a decrease in the fair value measurement of the purchased power agreement. A significant input that MGE estimates is the counterparty's fuel mix in determining the projected power cost. MGE also considers the assumptions that market participants would use in valuing the asset or liability. This consideration includes assumptions about market risk such as liquidity, volatility, and contract duration. The fair value model uses a discount rate that incorporates discounting, credit, and model risks. This model is prepared by members of MGE's Energy Supply group. It is reviewed on a quarterly basis by management in Energy Supply and Finance to review the assumptions, inputs, and fair value measurements. The following table presents the significant unobservable inputs used in the pricing model. <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:265px;">Significant Unobservable Inputs</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:101px;">Model Input</td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:265px;">Basis adjustment:</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:101px;"> </td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> On peak</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;">96.3%</td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> Off peak</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;">95.7%</td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;">Counterparty fuel mix:</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;"> </td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> Internal generation</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;">50 % - 70 %</td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr><tr style="height: 15px"><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td><td style="width: 265px; text-align:left;border-color:#000000;min-width:265px;"> Purchased power</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 101px; text-align:center;border-color:#000000;min-width:101px;">50 % - 30 %</td><td style="width: 125px; text-align:left;border-color:#000000;min-width:125px;"> </td></tr></table></div>The deferred compensation plan allows participants to defer certain cash compensation into a notional investment account. These amounts are included within other deferred liabilities in the consolidated balance sheets of MGE Energy and MGE. The notional investments earn interest based upon the semiannual rate of U.S. Treasury Bills having a 26 week maturity increased by 1% compounded monthly with a minimum annual rate of 7%, compounded monthly. The notional investments are based upon observable market data, however, since the deferred compensation obligations themselves are not exchanged in an active market, they are classified as Level 2.  The following table summarizes the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for both MGE Energy and MGE. <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; text-align:center;border-color:#000000;min-width:150px;">Three Months Ended</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; text-align:center;border-color:#000000;min-width:150px;">Six Months Ended</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">June 30,</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">June 30,</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">(In thousands)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2012</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2012</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Beginning balance,</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(69,598)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(71,188)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(72,346)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(40,661)</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Realized and unrealized gains (losses):</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> Included in regulatory liabilities (assets)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">2,743</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(8,392)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">5,490</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(38,919)</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> Included in other comprehensive income</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> Included in earnings</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(44)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(1,726)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(1,351)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(3,228)</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;"> Included in current assets</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(123)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(94)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(123)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(145)</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Purchases</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">6,162</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">1,917</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">11,724</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">1,967</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Sales</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">32</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(2)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">64</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Issuances</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Settlements</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(5,996)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(129)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">(10,248)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">1,342</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Transfers in and/or out of Level 3</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Balance as of June 30,</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(66,856)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(79,580)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(66,856)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(79,580)</td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">Total gains (losses) included in earnings attributed to</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">the change in unrealized gains (losses) related to</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 15px"><td style="width: 305px; text-align:left;border-color:#000000;min-width:305px;">assets and liabilities held at June 30,(a)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">0</td></tr></table></div>The following table presents total realized and unrealized gains (losses) included in income for Level 3 assets and liabilities measured at fair value on a recurring basis for both MGE Energy and MGE (a).<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; text-align:center;border-color:#000000;min-width:150px;">Three Months Ended</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; text-align:center;border-color:#000000;min-width:150px;">Six Months Ended</td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">June 30,</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="3" style="width: 150px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:150px;">June 30,</td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">(In thousands)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2012</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2013</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">2012</td><td style="width: 30px; text-align:center;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Purchased Power Expense</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(44)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(1,726)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(1,351)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">(3,228)</td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Cost of Gas Sold Expense</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 30px; text-align:right;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Regulated Gas Revenues</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">0</td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td></tr><tr style="height: 15px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Total</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(44)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(1,726)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(1,351)</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;">(3,228)</td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;"> </td></tr></table></div>(a) MGE's exchange-traded derivative contracts, over-the-counter party transactions, ten-year purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset with a corresponding regulatory asset or liability.falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. false0Fair Value of Financial InstrumentsfalseFair Value of Financial InstrumentsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.mgeenergy.com/role/DisclosureFairValueOfFinancialInstruments12