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Joint Plant Ownership
6 Months Ended
Jun. 30, 2019
Regulated Operations [Abstract]  
Joint Plant Ownership

Joint Plant Ownership - MGE Energy and MGE.

 

a. Two Creeks.

 

In May

2019,

MGE acquired a 33% ownership interest in a 150 MW solar generation array in the Town of Two Creeks and the City of Two Rivers in Manitowoc and Kewanee Counties, Wisconsin. MGE’s sole principal asset will be the 33% undivided ownership interest in the solar generation facility, which is being constructed. The estimated share of capital costs for MGE’s ownership interest is approximately $65 million (excluding capitalized interest).

 

As of June 30, 2019, $16.5 million (excluding capitalized interest) related to this project is reflected in "Construction work in progress" on the consolidated balance sheets. The project is anticipated to be completed by the end of 2020.

b. Badger Hollow.

 

In July

2019,

MGE acquired a 33% ownership interest in a 150 MW solar generation array in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb. MGE’s sole principal asset will be the 33% undivided ownership interest in the solar generation facility which is being constructed. The estimated share of capital costs for MGE’s ownership interest is approximately $65 million (excluding capitalized interest).

 

As of June 30, 2019, $1.0 million (excluding capitalized interest) related to this project is reflected in "Construction work in progress" on the consolidated balance sheets. The project is anticipated to be completed by the end of 2020.