Investments (Tables)

12 Months Ended

Dec. 31, 2019

Investments Disclosure [Abstract]

Equity Method and Other Investments

		MGE Energy				MGE
(In thousands)		2019		2018		2019		2018
Equity securities	$	14,546	$	9,363	$	209	$	388
Equity method investments:
ATC and ATC Holdco		71,609		66,313		-		-
Other		39		26		-		-
Total equity method investments		71,648		66,339		-		-
Other investments		2,298		2,298		-		-
Total	$	88,492	$	78,000	$	209	$	388

During the years ended December 31, 2019, 2018, and 2017, certain investments were liquidated. As a result of these liquidations, MGE Energy and MGE received the following:

		MGE Energy						MGE
(In thousands)		2019		2018		2017		2019		2018		2017
Cash proceeds	$	216	$	960	$	677	$	2	$	3	$	-
Gain (loss) on sale		580		476		522		(343)		3		-

Equity Method Investments Summarized Financial Data

For the years ended December 31, 2019, 2018, and 2017, MGE Transco recorded the following:

(In thousands)		2019		2018		2017
Equity earnings from investment in ATC	$	9,889	$	8,821	$	10,125
Dividends received from ATC(a)		7,347		4,611		9,078
Capital contributions to ATC		3,018		2,841		3,551

(a)MGE Transco recorded a $2.3 million dividend receivable from ATC as of December 31, 2017. A cash dividend was received in January of 2018.ATC's summarized financial data is as follows:

(In thousands)
Income statement data for the year ended December 31,		2019		2018		2017
Operating revenues	$	744,371	$	690,510	$	721,672
Operating expenses		(373,527)		(358,703)		(346,308)
Other income		48		2,405		7,402
Interest expense, net		(110,490)		(110,725)		(110,138)
Earnings before members' income taxes	$	260,402	$	223,487	$	272,628

Balance sheet data as of December 31,		2019		2018
Current assets	$	84,635	$	87,250
Noncurrent assets		5,244,220		4,928,793
Total assets	$	5,328,855	$	5,016,043
Current liabilities	$	502,601	$	640,040
Long-term debt		2,312,799		2,013,997
Other noncurrent liabilities		298,828		295,281
Members' equity		2,214,627		2,066,725
Total members' equity and liabilities	$	5,328,855	$	5,016,043