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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Cash, Cash Equivalents, and Restricted Cash The following table presents the components of total cash, cash equivalents, and restricted cash on the consolidated balance sheets.

 

(In thousands)

 

MGE Energy

 

MGE

 

 

As of December 31,

 

2019

 

2018

 

2019

 

2018

 

 

Cash and cash equivalents

$

23,481

$

83,102

$

3,196

$

4,843

 

 

Restricted cash

 

619

 

634

 

619

 

634

 

 

Receivable - margin account

 

1,714

 

1,193

 

1,714

 

1,193

 

 

Cash, cash equivalents, and restricted cash

$

25,814

$

84,929

$

5,529

$

6,670

 

Schedule of Remaining Contractual Maturities for Chattel Paper Agreements As of December 31, 2019, the remaining contractual maturities of the chattel paper agreements were as follows:

 

(In thousands)

 

2020

 

2021

 

2022

 

2023

 

2024

 

Thereafter

 

 

Repurchase-to-Maturity Transactions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans

$

280

$

267

$

250

$

181

$

70

$

119

 

Straight-Line Depreciation Rates Provisions at composite straight-line depreciation rates approximate the following percentages for the cost of depreciable property:

 

 

2019

 

 

2018

 

 

2017

 

 

 

 

Electric(a)

3.6

%

 

2.9

%

 

3.0

%

 

 

 

Gas

2.1

%

 

2.1

%

 

2.1

%

 

 

 

Nonregulated

2.3

%

 

2.3

%

 

2.3

%

 

 

(a) In the December 2018 rate settlement, the PSCW approved new depreciation rates for Columbia effective January 1, 2019.