XML 98 R74.htm IDEA: XBRL DOCUMENT v3.6.0.2
Pension Plans and Other Postretirement Benefits (Details-1) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Defined contribution plans [Abstract]      
Defined contribution costs $ 3,100 $ 2,800 $ 2,500
Change in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 330,886    
Fair value of plan assets at end of year 355,110 330,886  
Amounts recognized in the consolidated balance sheets to reflect funded status of plans [Abstract]      
Long-term asset 2,020 0  
Long-term liability (74,347) (75,680)  
Pension Benefits [Member]      
Change in benefit obligations [Roll Forward]      
Net benefit obligation at beginning of year 332,565 340,233  
Service cost 5,365 7,263 6,179
Interest cost 12,393 13,766 13,574
Plan participants' contributions 0 0  
Actuarial loss (gain) 11,412 [1] (17,576)  
Gross benefits paid (12,179) (11,121)  
Less: federal subsidy on benefits paid 0 0  
Benefit obligation at end of year 349,556 332,565 340,233
Change in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 290,716 288,548  
Actual return on plan assets 24,181 4,153  
Employer contributions 9,215 9,136  
Plan participants' contributions 0 0  
Gross benefits paid (12,179) (11,121)  
Fair value of plan assets at end of year 311,933 290,716 288,548
Funded Status at December 31 (37,623) (41,849)  
Accumulated benefit obligation 319,900 302,500  
Amounts recognized in the consolidated balance sheets to reflect funded status of plans [Abstract]      
Long-term asset 2,020 0  
Current liability (972) (966)  
Long-term liability (38,671) (40,883)  
Net liability (37,623) (41,849)  
Amounts recognized in the consolidated balance sheets as regulatory asset [Abstract]      
Net actuarial loss 84,656 80,660  
Prior service (credit) cost (446) (436)  
Transition obligation 0 0  
Total 84,210 80,224  
Projected benefit obligation in excess of plan assets [Abstract]      
Projected benefit obligation with projected benefit obligation in excess of plan assets, end of year 227,739 332,565  
Fair value of plan assets with projected benefit obligation in excess of plan assets, end of year 188,096 290,716  
Accumulated benefit obligation in excess of plan assets [Abstract]      
Accumulated benefit obligation with accumulated benefit obligation in excess of plan assets, end of year 26,927 24,606  
Fair value of plan assets with accumulated benefit obligation in excess of plan assets, end of year 0 0  
Postretirement Benefits [Member]      
Change in benefit obligations [Roll Forward]      
Net benefit obligation at beginning of year 74,935 78,478  
Service cost 1,271 1,559 1,339
Interest cost 2,681 3,075 3,166
Plan participants' contributions 767 741  
Actuarial loss (gain) 2,638 [1] (5,828)  
Gross benefits paid (3,637) (3,280)  
Less: federal subsidy on benefits paid [2] 187 190  
Benefit obligation at end of year 78,842 74,935 78,478
Change in plan assets [Roll Forward]      
Fair value of plan assets at beginning of year 40,170 38,952  
Actual return on plan assets 3,236 603  
Employer contributions 2,641 3,154  
Plan participants' contributions 767 741  
Gross benefits paid (3,637) (3,280)  
Fair value of plan assets at end of year 43,177 40,170 $ 38,952
Funded Status at December 31 (35,665) (34,765)  
Medicare subsidy due to MGE 200 200  
Amounts recognized in the consolidated balance sheets to reflect funded status of plans [Abstract]      
Long-term asset 0 0  
Current liability 0 (52)  
Long-term liability (35,665) (34,713)  
Net liability (35,665) (34,765)  
Amounts recognized in the consolidated balance sheets as regulatory asset [Abstract]      
Net actuarial loss 14,728 13,086  
Prior service (credit) cost (12,489) (15,158)  
Transition obligation 26 29  
Total $ 2,265 $ (2,043)  
[1]

In 2016, lower discount rates were the main driver of the actuarial loss.

[2]

In 2003, the Medicare Prescription Drug, Improvement and Modernization Act of 2003 was signed into law authorizing Medicare to provide prescription drug benefits to retirees. For the years ended December 31, 2016 and 2015 , the subsidy due to MGE was $ 0.2 million.