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margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Summary of Significant Accounting Policies – MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.13in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Basis of Presentation.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.13in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">This report is a combined report of MGE Energy and MGE. References in this report to "MGE Energy" are to MGE Energy, Inc. and its subsidiaries. References in this report to "MGE" are to Madison Gas and Electric Company.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">MGE Power Elm Road and MGE Power West Campus own electric generating assets and lease those assets to MGE. Both entities are variable interest entities under applicable authoritative accounting guidance. MGE is considered the primary beneficiary of these entities as a result of contractual agreements. As a result, MGE has consolidated MGE Power Elm Road and MGE Power West Campus.</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> See Footnote 3 of Notes to Consolidated Financial Statements under Item 8, Financial Statements and Supplementary Data, of MGE Energy's and MGE's 2020 Annual Report on Form 10-K (the 2020 Annual Report on Form 10-K).</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The accompanying consolidated financial statements as of March 31, 2021, and during the three months ended, are unaudited but include all adjustments that MGE Energy and MGE management consider necessary for a fair statement of their respective financial statements. All adjustments are of a normal, recurring nature except as otherwise disclosed. The year-end consolidated balance sheet information was derived from the audited balance sheet appearing in the 2020 Annual Report on Form 10-K but does not include all disclosures required by accounting principles generally accepted in the United States of America. These notes should be read in conjunction with the financial statements and the notes on pages 62 through 115 of the 2020 Annual Report on Form 10-K.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Cash, Cash Equivalents, and Restricted Cash.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.13in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The following table presents the components of total cash, cash equivalents, and restricted cash on the consolidated balance sheets.</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31,</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31,</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cash and cash equivalents</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Restricted cash</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">467</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">644</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">467</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">644</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Receivable - margin account</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">796</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,657</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">796</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,657</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cash, cash equivalents, and restricted cash</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">41,502</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,039</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7,972</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,404</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Cash Equivalents</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">All highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.38in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Restricted Cash</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">MGE has certain cash accounts that are restricted to uses other than current operations and designated for a specific purpose. MGE's restricted cash accounts include cash held by trustees for certain employee benefits and cash deposits held by third parties. These are included in "Other current assets" on the consolidated balance sheets.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.38in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Receivable – Margin Account</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Cash amounts held by counterparties as margin collateral for certain financial transactions are recorded as Receivable – margin account in "Other current assets" on the consolidated balance sheets. The costs being hedged are fuel for electric generation, purchased power, and cost of gas sold.</span></p> <span style="color: #000000; font-family: Calibri; font-size: 10.00pt">MGE Power Elm Road and MGE Power West Campus own electric generating assets and lease those assets to MGE. Both entities are variable interest entities under applicable authoritative accounting guidance. MGE is considered the primary beneficiary of these entities as a result of contractual agreements. As a result, MGE has consolidated MGE Power Elm Road and MGE Power West Campus.</span> <span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The following table presents the components of total cash, cash equivalents, and restricted cash on the consolidated balance sheets.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31,</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31,</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cash and cash equivalents</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Restricted cash</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">467</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">644</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">467</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">644</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Receivable - margin account</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">796</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,657</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">796</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,657</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 35%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cash, cash equivalents, and restricted cash</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">41,502</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,039</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7,972</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,404</span></p></td><td style="vertical-align: bottom; width: 3%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 40239000 44738000 6709000 4103000 467000 644000 467000 644000 796000 1657000 796000 1657000 41502000 47039000 7972000 6404000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Cash Equivalents</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">All highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Restricted Cash</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">MGE has certain cash accounts that are restricted to uses other than current operations and designated for a specific purpose. MGE's restricted cash accounts include cash held by trustees for certain employee benefits and cash deposits held by third parties. These are included in "Other current assets" on the consolidated balance sheets.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.06in; text-indent: 0.25in; text-align: left"><span style="font-family: Calibri; font-style: italic; font-size: 10.00pt">Receivable – Margin Account</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Cash amounts held by counterparties as margin collateral for certain financial transactions are recorded as Receivable – margin account in "Other current assets" on the consolidated balance sheets. The costs being hedged are fuel for electric generation, purchased power, and cost of gas sold.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">New Accounting Standards - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE Energy and MGE reviewed FASB authoritative guidance recently issued, none of which are expected to have a material impact on the consolidated results of operations, financial condition, or cash flows.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">New Accounting Standards - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE Energy and MGE reviewed FASB authoritative guidance recently issued, none of which are expected to have a material impact on the consolidated results of operations, financial condition, or cash flows.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Investment in ATC and ATC Holdco - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">ATC owns and operates electric transmission facilities primarily in Wisconsin. MGE received an interest in ATC when it, like other Wisconsin electric utilities, contributed its electric transmission facilities to ATC as required by Wisconsin law. That interest is presently held by MGE Transco, a subsidiary of MGE Energy. ATC Holdco was formed by several members of ATC, including MGE Energy, to pursue electric transmission development and investments outside of Wisconsin. The ownership interest in ATC Holdco is held by MGEE Transco, a subsidiary of MGE Energy.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE Transco and MGEE Transco have accounted for their investments in ATC and ATC Holdco, respectively, under the equity method of accounting.</span><span style="font-family: Calibri; font-size: 10.00pt"> Equity earnings from investments are recorded as "Other income" on the consolidated statements of income of MGE Energy. MGE Transco recorded the following amounts related to its investment in ATC:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Equity earnings from investment in ATC</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,420</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,266</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Dividends from ATC</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,967</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,391</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Capital contributions to ATC</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">178</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">ATC Holdco was formed in December 2016. ATC Holdco's future transmission development activities have been suspended for the near term.</span><span style="font-family: Calibri; font-size: 10.00pt">ATC</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s summarized financial data is as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operating revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">188,694</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">186,801</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operating expenses</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,104)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,211)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other income, net</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">378</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">375</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Interest expense, net</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">28,871)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">28,888)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Earnings before members' income taxes</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65,097</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">63,077</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">MGE receives transmission and other related services from ATC. During the three months ended March 31, 2021 and 2020, MGE recorded $</span><span style="font-family: Calibri; font-size: 10.00pt">8.0 million and $</span><span style="font-family: Calibri; font-size: 10.00pt">7.7 million, respectively, for transmission services received from ATC. MGE also provides a variety of operational, maintenance, and project management work for ATC, which is reimbursed by ATC. As of March 31, 2021, and December 31, 2020, MGE had a receivable due from ATC of $</span><span style="font-family: Calibri; font-size: 10.00pt">3.0 and $</span><span style="font-family: Calibri; font-size: 10.00pt">2.6 million, respectively. The receivable is primarily related to Badger Hollow I and II. MGE is reimbursed for these costs after the new generation assets are placed into service.</span> <span style="font-family: Calibri; font-size: 10.00pt">MGE Transco and MGEE Transco have accounted for their investments in ATC and ATC Holdco, respectively, under the equity method of accounting.</span><span style="font-family: Calibri; font-size: 10.00pt"> Equity earnings from investments are recorded as "Other income" on the consolidated statements of income of MGE Energy. MGE Transco recorded the following amounts related to its investment in ATC:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Equity earnings from investment in ATC</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,420</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,266</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Dividends from ATC</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,967</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,391</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Capital contributions to ATC</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">178</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">ATC</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">'</span><span style="font-family: Calibri; font-size: 10.00pt">s summarized financial data is as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operating revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">188,694</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">186,801</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operating expenses</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,104)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,211)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other income, net</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">378</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">375</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Interest expense, net</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">28,871)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">28,888)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Earnings before members' income taxes</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65,097</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">63,077</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 11.00pt"> </span></p></td></tr></table> <span style="font-family: Calibri; font-size: 10.00pt">MGE Transco and MGEE Transco have accounted for their investments in ATC and ATC Holdco, respectively, under the equity method of accounting.</span> 2420000 2266000 1967000 2391000 0 178000 188694000 186801000 95104000 95211000 378000 375000 -28871000 -28888000 65097000 63077000 8000000.0 7700000 3000000.0 2600000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Taxes </span><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 10.00pt">- MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-indent: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Effective Tax Rate.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The consolidated income tax provision differs from the amount computed by applying the statutory federal income tax rate to income before income taxes, as follows:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31,</span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Statutory federal income tax rate</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">State income taxes, net of federal benefit</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortized investment tax credits</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Credit for electricity from wind energy</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.9)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.5)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">AFUDC equity, net</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.7)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of utility excess deferred tax - tax reform^(a)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16.7)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18.3)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other, net, individually insignificant</span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Effective income tax rate</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.3</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16.1</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.3)</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15.1</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a)</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">Included are impacts of the 2017 Tax Act for the regulated utility for excess deferred taxes recognized using a normalization method of accounting in recognition of IRS rules that restrict the rate at which the excess deferred taxes may be returned to utility customers. For the three months ended March 31, 2021 and 2020, MGE recognized $</span><span style="font-family: Calibri; font-size: 8.00pt">0.7 million. Included in the 2021 rate settlement was a one-time return to customers of the electric portion of excess deferred taxes related to the 2017 Tax Act not restricted by IRS normalization rules. For the three months ended March 31, 2021, MGE recognized $</span><span style="font-family: Calibri; font-size: 8.00pt">3.3 million.</span> <span style="font-family: Calibri; font-size: 10.00pt">The consolidated income tax provision differs from the amount computed by applying the statutory federal income tax rate to income before income taxes, as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31,</span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Statutory federal income tax rate</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21.0</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">State income taxes, net of federal benefit</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.3</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortized investment tax credits</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Credit for electricity from wind energy</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.1)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6.9)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7.5)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">AFUDC equity, net</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.7)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of utility excess deferred tax - tax reform^(a)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16.7)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2.6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18.3)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2.8)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other, net, individually insignificant</span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">0.1)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 44%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Effective income tax rate</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.3</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16.1</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1.3)</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15.1</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a)</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">Included are impacts of the 2017 Tax Act for the regulated utility for excess deferred taxes recognized using a normalization method of accounting in recognition of IRS rules that restrict the rate at which the excess deferred taxes may be returned to utility customers. For the three months ended March 31, 2021 and 2020, MGE recognized $</span><span style="font-family: Calibri; font-size: 8.00pt">0.7 million. Included in the 2021 rate settlement was a one-time return to customers of the electric portion of excess deferred taxes related to the 2017 Tax Act not restricted by IRS normalization rules. For the three months ended March 31, 2021, MGE recognized $</span><span style="font-family: Calibri; font-size: 8.00pt">3.3 million.</span> 0.210 0.210 0.210 0.210 0.063 0.063 0.063 0.063 0.016 0.001 0.018 0.001 0.071 0.069 0.078 0.075 0.006 0.016 0.006 0.017 0.167 0.026 0.183 0.028 0 0 -0.001 -0.001 0.013 0.161 -0.013 0.151 700000 3300000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Pension and Other Postretirement Plans - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE maintains qualified and nonqualified pension plans, health care, and life insurance benefits and defined contribution 401(k) benefit plans for its employees and retirees.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The components of net periodic benefit cost, other than the service cost component, are recorded in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Other income, net</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt"> on the consolidated statements of income. The service cost component is recorded in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Other operations and maintenance</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">" </span><span style="font-family: Calibri; font-size: 10.00pt">on the consolidated statements of income. MGE has regulatory treatment and recognizes regulatory assets or liabilities for timing differences between when net periodic benefit costs are recovered and when costs are recognized.</span></p><span style="font-family: Calibri; font-size: 10.00pt">The following table presents the components of net periodic benefit costs recognized.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Pension Benefits</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Components of net periodic benefit cost:</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Service cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,422</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,316</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Interest cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,272</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,023</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Expected return on assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7,375)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,811)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Prior service credit</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">31)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">31)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Actuarial loss</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,580</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,286</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net periodic benefit (credit) cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,132)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,217)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Postretirement Benefits</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Components of net periodic benefit cost:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Service cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">351</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">311</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Interest cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">384</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">573</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Expected return on assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">817)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">790)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Transition obligation</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Prior service credit</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">380)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">667)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Actuarial loss</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">109</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">70</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net periodic benefit (credit) cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">352)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">502)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">As approved by the PSCW, MGE is allowed to defer differences between actual employee benefit plan costs and costs reflected in current rates. The deferred costs may be recovered or refunded in MGE's next rate filing. For the three months ended March 31, 2021 and 2020, MGE recovered approximately $</span><span style="font-family: Calibri; font-size: 10.00pt">3.4 million and $</span><span style="font-family: Calibri; font-size: 10.00pt">0.4 million, respectively, of pension and other postretirement costs, which reduced the amount previously deferred and has not been reflected in the table above.</span> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE maintains qualified and nonqualified pension plans, health care, and life insurance benefits and defined contribution 401(k) benefit plans for its employees and retirees.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The components of net periodic benefit cost, other than the service cost component, are recorded in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Other income, net</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt"> on the consolidated statements of income. The service cost component is recorded in </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">"</span><span style="font-family: Calibri; font-size: 10.00pt">Other operations and maintenance</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">" </span><span style="font-family: Calibri; font-size: 10.00pt">on the consolidated statements of income. MGE has regulatory treatment and recognizes regulatory assets or liabilities for timing differences between when net periodic benefit costs are recovered and when costs are recognized.</span></p> <span style="font-family: Calibri; font-size: 10.00pt">The following table presents the components of net periodic benefit costs recognized.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Pension Benefits</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Components of net periodic benefit cost:</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Service cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,422</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,316</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Interest cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,272</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,023</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Expected return on assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">7,375)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,811)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Prior service credit</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">31)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">31)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Actuarial loss</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,580</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,286</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net periodic benefit (credit) cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,132)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,217)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Postretirement Benefits</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Components of net periodic benefit cost:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Service cost</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">351</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">311</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Interest cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">384</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">573</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Expected return on assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">817)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">790)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Amortization of:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Transition obligation</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Prior service credit</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">380)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">667)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Actuarial loss</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">109</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">70</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 39%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net periodic benefit (credit) cost</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">352)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">502)</span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 1422000 1316000 2272000 3023000 7375000 6811000 -31000 -31000 -1580000 -1286000 -2132000 -1217000 351000 311000 384000 573000 817000 790000 -1000 -1000 -380000 -667000 -109000 -70000 -352000 -502000 -3400000 -400000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Equity and Financing Arrangements.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Common Stock - MGE Energy.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">MGE Energy sells shares of its common stock through its </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Direct Stock Purchase and Dividend Reinvestment Plan (the </span><span style="font-family: Calibri; font-size: 10.00pt">Stock Plan). Those shares may be newly issued shares or shares that are purchased in the open market by an independent agent for participants in the Stock Plan. All sales under the Stock Plan are covered by a shelf registration statement that MGE Energy filed with the SEC.</span><span style="font-family: Calibri; font-size: 10.00pt"> During the three months ended March 31, 2021 and 2020, MGE Energy issued </span><span style="font-family: Calibri; font-size: 10.00pt">no new shares of common stock under the Stock Plan.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Dilutive Shares Calculation - MGE Energy.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">As of March 31, 2021, </span><span style="font-family: Calibri; font-size: 10.00pt">1,543 shares were included in the calculation of diluted earnings per share related to nonvested equity awards. See Footnote 7 for additional information on shared-based compensation awards.</span></p> <span style="font-family: Calibri; font-size: 10.00pt">MGE Energy sells shares of its common stock through its </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Direct Stock Purchase and Dividend Reinvestment Plan (the </span><span style="font-family: Calibri; font-size: 10.00pt">Stock Plan). Those shares may be newly issued shares or shares that are purchased in the open market by an independent agent for participants in the Stock Plan. All sales under the Stock Plan are covered by a shelf registration statement that MGE Energy filed with the SEC.</span> 0 1543 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Share-Based Compensation - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">During the three months ended March 31, 2021 and 2020, MGE recorded $</span><span style="font-family: Calibri; font-size: 10.00pt">0.7 million in compensation expense and $</span><span style="font-family: Calibri; font-size: 10.00pt">0.6 million in compensation benefit, respectively, related to share-based compensation awards under the 2006 Performance Unit Plan, the 2020 Performance Unit Plan, the 2013 Director Incentive Plan, and the 2021 Long-Term Incentive Plan (2021 Plan). </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In January 2021, cash payments of $</span><span style="font-family: Calibri; font-size: 10.00pt">1.9 million were distributed related to awards that were granted under the plans in 2018, for the 2013 Director Incentive Plan, and in 2016, for the 2006 Performance Unit Plan.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">In February 2021, MGE issued </span><span style="font-family: Calibri; font-size: 10.00pt">10,187 performance units and </span><span style="font-family: Calibri; font-size: 10.00pt">16,267 restricted stock units under the 2021 Plan to eligible employees and non-employee directors.</span></p><span style="font-family: Calibri; font-size: 10.00pt">The performance units can be paid out in either cash, shares of common stock or a combination of cash and stock and are accounted for as a liability award. The restricted stock units will be paid out in shares of common stock, and therefore accounted for as equity awards.</span> 700000 -600000 1900000 10187 16267 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Commitments and Contingencies.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Environmental - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-right: 0.01in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">In February 2021, MGE and the other co-owners of Columbia announced plans to retire that facility. The co-owners intend to retire Unit 1 by the end of 2023 and Unit 2 by the end of 2024. Final timing and retirement dates for Units 1 and 2 are subject to PSCW and regional regulatory reviews, including identification and approval of energy and capacity resources to replace Columbia. Effects of environmental compliance requirements discussed below will depend upon the final retirement dates approved and compliance requirement dates.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">MGE Energy and MGE are subject to frequently changing local, state, and federal regulations concerning air quality, water quality, land use, threatened and endangered species, hazardous materials handling, and solid waste disposal. These regulations affect the manner in which operations are conducted, the costs of operations, as well as capital and operating expenditures. Several of these environmental rules are subject to legal challenges, reconsideration and/or other uncertainties. Regulatory initiatives, proposed rules, and court challenges to adopted rules could have a material effect on capital expenditures and operating costs. Management believes compliance costs will be recovered in future rates based on previous treatment of environmental compliance projects. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">These initiatives, proposed rules, and court challenges include:</span></p><p style="margin-top: 0; margin-bottom: 0; margin-right: 0.01in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The EPA's promulgated water Effluent Limitations Guidelines (ELG) and standards for steam</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">electric power plants which focus on the reduction of metals and other pollutants in wastewater from new and existing power plants. The standards were finalized in August 2020. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">In February 2021, MGE and the other owners of Columbia filed a Certificate of Authority (CA) application with the PSCW. The CA application commits to close Columbia's wet pond system to comply with the Coal Combustions Residuals (CCR) Rule as described in further detail in the CCR section below. By committing to close the wet pond system, Columbia will be in compliance with ELG requirements.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The Elm Road Units must satisfy the rule's requirements no later than December 31, 2023, as determined by the permitting authority. The operator of the Elm Road Units has been evaluating the rule impacts and has conducted an analysis of compliance obligations, pollution prevention technologies, and their associated costs. In February 2021, MGE and its co-owner filed a CA application with the PSCW. If approved, MGE's share of the estimated costs to comply with the rule is estimated to be approximately $</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">4 million. Subject to approval from the PSCW, construction is expected to begin in 2022.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The EPA's cooling water intake rules require cooling water intake structures at electric power plants to meet best technology available (BTA) standards to reduce the mortality from entrainment (drawing aquatic life into a plant's cooling system) and impingement (trapping aquatic life on screens). </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Blount's Wisconsin Pollution Discharge Elimination System permit assumes that the plant meets BTA for the duration of the permit, which expires in 2023. However, MGE must conduct studies of its Blount plant by the end of 2021 to help regulators determine BTA.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Columbia's river intakes are subject to this rule. BTA improvements may not be required given that Columbia could be fully retired before the issuance of the next permit, which is expected to be issued in 2023 or later. MGE will continue to work with Columbia's operator to evaluate all regulatory requirements applicable to the planned retirements. MGE does not expect this rule to have a material effect on its existing plants.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Greenhouse Gas (GHG) reduction guidelines and approval criteria established under the Clean Air Act for states to use in developing plans to control GHG emissions from fossil fuel-fired electric generating units (EGUs), including existing and proposed regulations governing existing, new or modified fossil-fuel generating units. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">In January 2021, the U.S. Court of Appeals for the District of Columbia Circuit (D.C. Circuit) vacated and remanded to the EPA the Affordable Clean Energy Rule (ACE Rule) and the repeal of the predecessor Clean Power Plan Rule (CPP Rule), both of which regulated greenhouse gas emissions from existing electric generation units pursuant to Section 111(d) of the Clean Air Act. As a result of these legal proceedings, neither the CPP nor ACE rules are currently in effect. MGE will continue to evaluate the rule development and monitor ongoing and potential legal proceedings.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The EPA's rule to regulate ambient levels of ozone through the 2015 Ozone National Ambient Air Quality Standards (NAAQS). </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">In May 2018, the EPA issued a final rule that designated the northeast portion of Milwaukee County as being in nonattainment with Ozone NAAQS. The Elm Road Units are located in Milwaukee County, outside the designated nonattainment area. In August 2018, several environmental groups, the City of Chicago, and the State of Illinois filed federal lawsuits challenging several of the EPA's attainment designation decisions, including the partial Milwaukee County designation as being too narrow and not sufficiently protective. In July 2020, the U.S. District Court of the District of Columbia remanded the partial Milwaukee County attainment designation back to the EPA for further explanation. MGE is monitoring</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">the outcome of the EPA's remand analysis and how it may affect the Elm Road Units in Milwaukee County. At this time, MGE does not expect that the 2015 Ozone NAAQS will have a material effect on its existing plants based on final designations.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Rules regulating nitrogen oxide (NO_x) and sulfur dioxide (SO₂) emissions, including the Cross State Air Pollution Rule (CSAPR) and Clean Air Visibility Rule (CAVR). </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The EPA's CSAPR and its progeny are a suite of interstate air pollution transport rules designed to reduce ozone and fine particulate (PM2.5) air levels in areas that the EPA has determined as being significantly impacted by pollution from upwind states. In September 2019, the D.C. Circuit remanded the rule to the EPA holding that the rule improperly provided only a partial remedy for addressing interstate transport of pollutants from upwind to downwind states. In March 2021, the EPA addressed the remand by finalizing its revised CSAPR Update Rule. The revised rule does not require further emission reductions from Wisconsin stationary sources beyond those under the original CSAPR. MGE has met its current CSAPR obligations through a combination of reduced emissions through pollution control (e.g., SCR installation at Columbia), as well as owned, received, and purchased allowances. MGE expects to meet ongoing CSAPR obligations for the foreseeable future. MGE will continue to monitor legal developments and any future updates to this rule.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">•</span><span style="font-family: Calibri; font-size: 10.00pt"/><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 10.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The EPA's Coal Combustion Residuals Rule (CCR), which regulates coal ash from burning coal for the purpose of generating electricity as a solid waste and defines what ash use activities would be considered generally exempt beneficial reuse of coal ash. The CCR rule also regulates landfills, ash ponds, and other surface impoundments used for coal combustion residuals by regulating their design, location, monitoring, and operation. In August 2020, the EPA revised the CCR rule to require owners or operators of coal-fired power plants to stop transporting CCR and non-CCR wastewater to unlined surface impoundments. In addition, regulated entities must initiate impoundment closure as soon as feasible and in no event later than April 2021, unless the EPA grants an extension. Columbia requested an extension to comply by October 2022. The EPA will address the remaining issues on remand in a subsequent action.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-indent: -0.13in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.63in; margin-right: 0.01in; text-align: left"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Review of the Elm Road Units has indicated that the costs to comply with this rule are not expected to be significant. Columbia's operator has completed a review of its system and has developed a compliance plan. In February 2021, a CA application was filed with the PSCW for approval to install technology required to cease bottom ash transport water discharges rather than extend the longevity of the ash ponds. If approved, MGE's share of the estimated costs of the project would be approximately $</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">4 million. Construction is expected to be completed by the end of 2022.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Legal Matters - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE is involved in various legal matters that are being defended and handled in the normal course of business. MGE accrues for costs that are probable of being incurred and subject to reasonable estimation. The accrued amount for these matters is not material to the financial statements. MGE does not expect the resolution of these matters to have a material adverse effect on its consolidated results of operations, financial condition, or cash flows.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">In January 2021, certain environmental groups filed a petition against the PSCW regarding MGE's 2021 rate settlement. MGE has intervened in the petition in cooperation with the PSCW. See Footnote 9.a. for more information regarding this matter.</span></p> 4000000 4000000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Rate Matters - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Rate Proceedings.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">In May 2021, MGE filed an application with the PSCW requesting a </span><span style="font-family: Calibri; font-size: 10.00pt">5.9% increase to electric rates and a </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">3.0% increase to gas rates for 2022. The proposed electric and gas rate increases are primarily driven by an increase in rate base including our investments in Badger Hollow I and a new customer information system. Also driving the requested electric increase is the completion in 2020 of the one-time return of the electric excess deferred tax credit related to the 2017 Tax Act not restricted by IRS normalization rules. In its application, MGE is proposing to address potential 2023 rate changes through an electric limited rate case re-opener and a </span><span style="font-family: Calibri; font-size: 10.00pt">1.65% increase in gas rates. The proposed return on common stock equity for 2022 is </span><span style="font-family: Calibri; font-size: 10.00pt">9.8% based on a proposed capital structure consisting of </span><span style="font-family: Calibri; font-size: 10.00pt">55.6% common equity in 2022. PSCW approval of the application is pending. A final order is expected before the end of the year.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">In December 2020, the PSCW approved a settlement agreement for MGE's 2021 rate case. The settlement agreement provides for a </span><span style="font-family: Calibri; font-size: 10.00pt">zero percent increase for electric rates and an approximately </span><span style="font-family: Calibri; font-size: 10.00pt">4% increase for gas rates in 2021. The electric rate settlement includes an increase in rate base but the associated rate increase is primarily offset by lower fuel and purchase power costs and a one-time $</span><span style="font-family: Calibri; font-size: 10.00pt">18.2 million return to customers of the portion of excess deferred taxes related to the 2017 Tax Act not restricted by IRS normalization rules. As part of the settlement, the fuel rules bandwidth is set at plus or minus </span><span style="font-family: Calibri; font-size: 10.00pt">1% for 2021. When compared to the 2020 rate case, the settlement included lower forecasted electric sales for 2021 to reflect changes to customer usage during the COVID-19 pandemic. The gas rate increase covers infrastructure costs and technology improvements. The settlement agreement also includes escrow accounting treatment for pension and other postretirement benefit costs, bad debt expense, and customer credit card fees. Escrow accounting treatment allows MGE to defer any difference between estimated costs in rates and actual costs incurred until its next rate filing. Any difference would be recorded as a regulatory asset or regulatory liability. The return on common stock equity for 2021 is </span><span style="font-family: Calibri; font-size: 10.00pt">9.8% based on a capital structure of </span><span style="font-family: Calibri; font-size: 10.00pt">55.8% common equity in 2021.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">On January 27, 2021, Sierra Club and Vote Solar filed a petition with the Dane County Circuit Court seeking review of the PSCW decision approving the rate settlement in MGE's 2021 rate case. The PSCW is named as the responding party; MGE is not named as a party. The petition challenges the process the PSCW used to approve the portion of the settlement relating to electric rates and the electric customer fixed charge that does not vary with usage. The requested relief is unclear. The revenue requirement approved by the PSCW in the settlement has not been challenged. The PSCW is expected to vigorously defend its approval of the rate case settlement. MGE has intervened in the proceedings to further defend the PSCW’s decision.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">In December 2018, the PSCW approved a settlement agreement between MGE and intervening parties in the then pending rate case. The settlement decreased electric rates by </span><span style="font-family: Calibri; font-size: 10.00pt">2.24%, or $</span><span style="font-family: Calibri; font-size: 10.00pt">9.2 million, in 2019. The decrease in electric rates reflected the ongoing impacts of the 2017 Tax Act. Lower fuel costs and an increase in rate base from renewable generation assets further impacted the rate change. In 2020, electric rates decreased a further </span><span style="font-family: Calibri; font-size: 10.00pt">0.84%, or $</span><span style="font-family: Calibri; font-size: 10.00pt">3.4 million, as approved by the PSCW in December 2019 in MGE's 2020 Fuel Cost Plan, which reflected lower fuel costs. The settlement agreement increased gas rates by </span><span style="font-family: Calibri; font-size: 10.00pt">1.06%, or $</span><span style="font-family: Calibri; font-size: 10.00pt">1.7</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">million, in 2019 and </span><span style="font-family: Calibri; font-size: 10.00pt">1.46%, or $</span><span style="font-family: Calibri; font-size: 10.00pt">2.4</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">million, in 2020. The gas increase covered infrastructure costs. It also reflected the impacts of the 2017 Tax Act. The return on common stock equity for 2019 and 2020 was </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">9.8% based on a capital structure consisting of </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">56.6% common equity in 2019 and </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">56.1% common equity in 2020</span><span style="font-family: Calibri; font-size: 10.00pt">.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Fuel Rules.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Fuel rules require Wisconsin utilities to defer electric fuel-related costs that fall outside a symmetrical cost tolerance band around the amount approved for a utility in its annual fuel proceedings. Any over- or under-recovery of the actual costs is determined in the following year and is then reflected in future billings to electric retail customers. The fuel rules bandwidth is set at plus or minus </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">1% in 2021. Under fuel rules, MGE defers costs, less any excess revenues, if its actual electric fuel costs exceed </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">101% of the electric fuel costs allowed in its latest rate order. Excess revenues are defined as revenues in the year in question that provide MGE with a greater return on common equity than authorized by the PSCW in MGE's latest rate order. Conversely, MGE is required to defer the benefit of lower costs if actual electric fuel costs were less than </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">99% of the electric fuel costs allowed in that order. In 2020 the fuel rules bandwidth was set at plus or minus </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">2%. These costs are subject to the PSCW's annual review of fuel costs completed in the year following the deferral.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The PSCW issued a final decision in the 2019 fuel rules proceedings regarding $</span><span style="font-family: Calibri; font-size: 10.00pt">1.5 million of deferred savings giving MGE the option either to use the $</span><span style="font-family: Calibri; font-size: 10.00pt">1.5 million as part of the settlement to MGE's 2021 rate case or to refund the balance to customers in October 2020. MGE elected to include the savings as part of the 2021 rate change settlement as described above, reducing electric retail rates as opposed to a one-time credit back to retail customers. There was no change to the refund in the fuel rules proceedings from the amount MGE deferred in the previous year.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">As of December 31, 2020, MGE had deferred </span><span style="font-family: Calibri; font-size: 10.00pt">$</span><span style="font-family: Calibri; font-size: 10.00pt">3.2 million</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> of 2020 fuel-related savings.</span><span style="font-family: Calibri; font-size: 12.00pt"> </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">These costs will be subject to the PSCW's annual review of 2020 fuel costs, which is expected to be completed in 2021. In March 2021, as part of the 2020 fuel costs application filed with the PSCW, MGE seeks to return the 2020 fuel-related savings to customers in 2022 as part of the 2022 rate case.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">As of March 31, 2021, MGE had deferred </span><span style="font-family: Calibri; font-size: 10.00pt">$</span><span style="font-family: Calibri; font-size: 10.00pt">0.5 million </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">of 2021 fuel savings. These costs will be subject to the PSCW's annual review of 2021 fuel costs, which is expected to be completed in 2022.</span></p> 0.059 0.030 0.0165 0.098 0.556 0 0.04 18200000 0.01 0.098 0.558 -0.0224 -9200000 -0.0084 -3400000 0.0106 1700000 0.0146 2400000 0.098 0.566 0.561 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">Fuel rules require Wisconsin utilities to defer electric fuel-related costs that fall outside a symmetrical cost tolerance band around the amount approved for a utility in its annual fuel proceedings. Any over- or under-recovery of the actual costs is determined in the following year and is then reflected in future billings to electric retail customers. The fuel rules bandwidth is set at plus or minus </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">1% in 2021. Under fuel rules, MGE defers costs, less any excess revenues, if its actual electric fuel costs exceed </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">101% of the electric fuel costs allowed in its latest rate order. Excess revenues are defined as revenues in the year in question that provide MGE with a greater return on common equity than authorized by the PSCW in MGE's latest rate order. Conversely, MGE is required to defer the benefit of lower costs if actual electric fuel costs were less than </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">99% of the electric fuel costs allowed in that order. In 2020 the fuel rules bandwidth was set at plus or minus </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">2%. These costs are subject to the PSCW's annual review of fuel costs completed in the year following the deferral.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p> 0.01 1.01 0.99 0.02 1500000 1500000 3200000 500000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Derivative and Hedging Instruments - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Purpose.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity prices. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_622">four</span> years. If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability depending on whether the derivative is in a net loss or net gain position, respectively. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span><span style="font-family: Calibri; font-size: 10.00pt"/></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Notional Amounts.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.25in; text-indent: 0.06in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The gross notional volume of open derivatives is as follows:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: middle; width: 23%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: middle; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: middle; width: 23%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">277,400</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MWh</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">259,080</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MWh</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,190,000</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Dth</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,030,000</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Dth</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,152</span></p></td><td style="vertical-align: bottom; width: 7%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,869</span></p></td><td style="vertical-align: bottom; width: 7%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">700</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">850</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">c.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Financial Statement Presentation.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE purchases and sells exchange-traded and over-the-counter options, swaps, and future contracts. These arrangements are primarily entered into to help stabilize the price risk associated with gas or power purchases. These transactions are employed by both MGE's gas and electric segments. Additionally, as a result of the firm transmission agreements that MGE holds on electricity transmission paths in the MISO market,</span><span style="color: #0070C0; font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">MGE holds</span><span style="color: #0070C0; font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">financial transmission rights (FTRs). An FTR is a financial instrument that entitles the holder to a stream of revenues or charges based on the differences in hourly day-ahead energy prices between two points on the transmission grid. The fair values of these instruments are offset with a corresponding regulatory asset/liability depending on whether they are in a net loss/gain position. Depending on the nature of the instrument, the gain or loss associated with these transactions will be reflected as cost of gas sold, fuel for electric generation, or purchased power expense in the delivery month applicable to the instrument. As of March 31, 2021, and December 31, </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">2020, the fair value of exchange traded derivatives and FTRs exceeded their cost basis by $</span><span style="font-family: Calibri; font-size: 10.00pt">0.5 million and $</span><span style="font-family: Calibri; font-size: 10.00pt">0.2 million, respectively.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE is a party to a purchased power agreement that provides MGE with firm capacity and energy during a base term from June 1, 2012, through May 31, 2022. The agreement also allows MGE an option to extend the contract after the base term. The agreement is accounted for as a derivative contract and is recognized at its fair value on the consolidated balance sheets. However, the derivative qualifies for regulatory deferral and is recognized with a corresponding regulatory asset or liability depending on whether the fair value is in a loss or gain position. The fair value of the contract as of March 31, 2021, and December 31, 2020, reflected a loss position of $</span><span style="font-family: Calibri; font-size: 10.00pt">11.6 million and $</span><span style="font-family: Calibri; font-size: 10.00pt">14.1 million, respectively. The actual cost will be recognized in purchased power expense in the month of purchase.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The following table summarizes the fair value of the derivative instruments on the consolidated balance sheets. </span><span style="font-family: Calibri; font-size: 10.00pt">All derivative instruments in this table are presented on a gross basis and are calculated prior to the netting of instruments with the same counterparty under a master netting agreement as well as the netting of collateral. For financial statement purposes, instruments are netted with the same counterparty under a master netting agreement as well as the netting of collateral.</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance Sheet Location</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">653</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">174</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">30</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other deferred charges</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">9,790</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (current)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,800</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (long-term)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">617</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">593</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">189</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">39</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other deferred charges</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current liabilities</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">10,160</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (current)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,980</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (long-term)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a) </span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">No collateral was posted against derivative positions as of March 31, 2021, and December 31, 2020</span><span style="font-family: Calibri; font-size: 8.00pt">.</span><span style="font-family: Calibri; font-size: 10.00pt">The following tables show the effect of netting arrangements for recognized derivative assets and liabilities that are subject to a master netting arrangement or similar arrangement on the consolidated balance sheets.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="9" style="vertical-align: bottom; width: 96%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Offsetting of Derivative Assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.26in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts Offset in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Collateral Posted Against Derivative Positions</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net Amount Presented in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">683</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">493</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">174</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="9" style="vertical-align: bottom; width: 96%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Offsetting of Derivative Liabilities</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.26in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts Offset in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Collateral Posted Against Derivative Positions</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net Amount Presented in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,590</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,590</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,140</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,140</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">The following tables summarize the unrealized and realized gains/losses related to the derivative instruments on the consolidated balance sheets and the consolidated statements of income.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 27%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 27%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td></tr><tr style="height: 0.21in"><td style="vertical-align: bottom; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Current and Long-Term Regulatory Asset</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Other Current Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Current and Long-Term Regulatory Asset</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Other Current Assets</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance at January 1,</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">13,989</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,162</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">26,875</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,100</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Unrealized gain</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,588)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">689)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized (loss) gain reclassified to a deferred account</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50)</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,063)</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,063</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized gain (loss) reclassified to income statement</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">708</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,039)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">204</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,733)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance at March 31,</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,059</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">173</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,327</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">430</span></p></td></tr></table><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="8" style="vertical-align: bottom; width: 61%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized losses (gains)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 29%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 29%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td></tr><tr style="height: 0.23in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fuel for Electric Generation/ Purchased Power</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of Gas Sold</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fuel for Electric Generation/ Purchased Power</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of Gas Sold</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31:</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">195)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,022</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">680</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,607</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">256)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">240)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">693)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE's commodity derivative contracts, FTRs, and PPA are subject to regulatory deferral. These derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability. Realized gains and losses are deferred on the consolidated balance sheets and are recognized in earnings in the delivery month applicable to the instrument. As a result of the treatment described above, there are no unrealized gains or losses that flow through earnings. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The PPA has a provision that may require MGE to post collateral if MGE's debt rating falls below investment grade (i.e., below BBB-). The amount of collateral that it may be required to post varies from $</span><span style="font-family: Calibri; font-size: 10.00pt">20.0 million to $</span><span style="font-family: Calibri; font-size: 10.00pt">40.0 million, depending on MGE's nominated capacity amount. As of March 31, 2021, </span><span style="font-family: Calibri; font-size: 10.00pt">no collateral was required to be, or had been, posted. Certain counterparties extend MGE a credit limit. If MGE exceeds these limits, the counterparties may require collateral to be posted. As of March 31, 2021, and December 31, 2020, </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_382">no</span> counterparties were in a net liability position.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Nonperformance of counterparties to the non-exchange traded derivatives could expose MGE to credit loss. However, MGE enters into transactions only with companies that meet or exceed strict credit guidelines, and it monitors these counterparties on an ongoing basis to mitigate nonperformance risk in its portfolio. As of March 31, 2021, </span><span style="font-family: Calibri; font-size: 10.00pt">no counterparties had defaulted.</span></p> <span style="font-family: Calibri; font-size: 10.00pt">As part of its regular operations, MGE enters into contracts, including options, swaps, futures, forwards, and other contractual commitments, to manage its exposure to commodity prices. To the extent that these contracts are derivatives, MGE assesses whether or not the normal purchases or normal sales exclusion applies. For contracts to which this exclusion cannot be applied, the derivatives are recognized in the consolidated balance sheets at fair value. MGE's financial commodity derivative activities are conducted in accordance with its electric and gas risk management program, which is approved by the PSCW and limits the volume MGE can hedge with specific risk management strategies. The maximum length of time over which cash flows related to energy commodities can be hedged is </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_622">four</span> years. If the derivative qualifies for regulatory deferral, the derivatives are marked to fair value and are offset with a corresponding regulatory asset or liability depending on whether the derivative is in a net loss or net gain position, respectively. The deferred gain or loss is recognized in earnings in the delivery month applicable to the instrument. Gains and losses related to hedges qualifying for regulatory treatment are recoverable in gas rates through the PGA or in electric rates as a component of the fuel rules mechanism.</span> <span style="font-family: Calibri; font-size: 10.00pt">The gross notional volume of open derivatives is as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: middle; width: 23%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: middle; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: middle; width: 23%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">277,400</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MWh</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">259,080</span></p></td><td style="vertical-align: bottom; width: 7%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MWh</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,190,000</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Dth</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,030,000</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Dth</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,152</span></p></td><td style="vertical-align: bottom; width: 7%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,869</span></p></td><td style="vertical-align: bottom; width: 7%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">700</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">850</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> MW</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 277400 259080 2190000 6030000 1152 2869 700 850 500000 200000 -11600000 -14100000 <span style="font-family: Calibri; font-size: 10.00pt">The following table summarizes the fair value of the derivative instruments on the consolidated balance sheets. </span><span style="font-family: Calibri; font-size: 10.00pt">All derivative instruments in this table are presented on a gross basis and are calculated prior to the netting of instruments with the same counterparty under a master netting agreement as well as the netting of collateral. For financial statement purposes, instruments are netted with the same counterparty under a master netting agreement as well as the netting of collateral.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 12%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance Sheet Location</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">653</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">174</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">30</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">16</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other deferred charges</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">9,790</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (current)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,800</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (long-term)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">617</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">593</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current assets</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">189</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">39</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other deferred charges</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other current liabilities</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">10,160</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (current)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 30%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">N/A</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,980</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 28%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Derivative liability (long-term)</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a) </span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">No collateral was posted against derivative positions as of March 31, 2021, and December 31, 2020</span><span style="font-family: Calibri; font-size: 8.00pt">.</span> <span style="font-family: Calibri; font-size: 10.00pt">All derivative instruments in this table are presented on a gross basis and are calculated prior to the netting of instruments with the same counterparty under a master netting agreement as well as the netting of collateral. For financial statement purposes, instruments are netted with the same counterparty under a master netting agreement as well as the netting of collateral.</span> 653000 174000 30000 16000 38000 0 9790000 1800000 617000 593000 189000 39000 0 23000 10160000 3980000 0 <span style="font-family: Calibri; font-size: 10.00pt">The following tables show the effect of netting arrangements for recognized derivative assets and liabilities that are subject to a master netting arrangement or similar arrangement on the consolidated balance sheets.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="9" style="vertical-align: bottom; width: 96%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Offsetting of Derivative Assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.26in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts Offset in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Collateral Posted Against Derivative Positions</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net Amount Presented in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">683</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">493</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">174</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 683000 190000 0 493000 38000 0 0 38000 806000 632000 0 174000 <table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="9" style="vertical-align: bottom; width: 96%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Offsetting of Derivative Liabilities</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.26in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gross Amounts Offset in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Collateral Posted Against Derivative Positions</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Net Amount Presented in Balance Sheets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">190)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,590</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,590</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">632)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">23</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,140</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 15%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,140</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 190000 190000 0 0 11590000 0 0 11590000 632000 632000 0 0 23000 0 0 23000 14140000 0 0 14140000 <span style="font-family: Calibri; font-size: 10.00pt">The following tables summarize the unrealized and realized gains/losses related to the derivative instruments on the consolidated balance sheets and the consolidated statements of income.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 27%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 27%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td></tr><tr style="height: 0.21in"><td style="vertical-align: bottom; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Current and Long-Term Regulatory Asset</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Other Current Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Current and Long-Term Regulatory Asset</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Other Current Assets</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance at January 1,</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">13,989</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,162</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">26,875</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,100</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Unrealized gain</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,588)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">689)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized (loss) gain reclassified to a deferred account</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50)</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,063)</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,063</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized gain (loss) reclassified to income statement</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">708</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,039)</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">204</span></p></td><td style="vertical-align: middle; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 13%; border-bottom: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,733)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: middle; width: 42%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance at March 31,</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,059</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">173</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,327</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: middle; width: 13%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">430</span></p></td></tr></table> 13989000 1162000 26875000 1100000 3588000 0 689000 0 50000 -50000 1063000 -1063000 -708000 1039000 -204000 1733000 11059000 173000 25327000 430000 <table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="8" style="vertical-align: bottom; width: 61%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized losses (gains)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 29%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 29%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td></tr><tr style="height: 0.23in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fuel for Electric Generation/ Purchased Power</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of Gas Sold</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fuel for Electric Generation/ Purchased Power</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of Gas Sold</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Three Months Ended March 31:</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commodity derivative contracts</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">195)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,022</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">680</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,607</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">FTRs</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">256)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 37%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">PPA</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">240)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">693)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 14%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td></tr></table> 195000 -1022000 -680000 -1607000 256000 0 65000 0 240000 0 693000 0 20000000.0 40000000.0 0 0 0 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Fair Value of Financial Instruments - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">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</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">transaction between market participants at the measurement date. The accounting 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:</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Level 1 - Pricing inputs are quoted prices within active markets for identical assets or liabilities.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Level 3 - Pricing inputs are unobservable and reflect management's best estimate of what market participants would use in pricing the asset or liability.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">a.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Fair Value of Financial Assets and Liabilities Recorded at the Carrying Amount.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The carrying amount of cash, cash equivalents, and outstanding commercial paper approximates fair market value due to the short maturity of those investments and obligations. The estimated fair market value of long-term debt is based on quoted market prices for similar financial instruments. Since long-term debt is not traded in an active market, it is classified as Level 2.</span><span style="font-family: Calibri; font-size: 10.00pt"> </span><span style="font-family: Calibri; font-size: 10.00pt">The estimated fair market value of financial instruments are as follows:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 34%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.17in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Carrying Amount</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Carrying Amount</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Cash and cash equivalents</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities: </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Short-term debt - commercial paper</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Long-term debt^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">527,038</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">590,748</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">528,220</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">639,271</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Cash and cash equivalents</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Short-term debt - commercial paper</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Long-term debt^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">527,038</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">590,748</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">528,220</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">639,271</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a) </span><span style="font-family: Calibri; font-size: 8.00pt">Includes long-term debt due within one year. Excludes debt issuance costs and unamortized discount of $</span><span style="font-family: Calibri; font-size: 8.00pt">4.0 million and $</span><span style="font-family: Calibri; font-size: 8.00pt">4.1 million as of March 31, 2021, and December 31, 2020, respectively.</span><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">b.</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Recurring Fair Value Measurements.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The following table presents the balances of assets and liabilities measured at fair value on a recurring basis.</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="7" style="vertical-align: bottom; width: 46%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value as of March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 1</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 2</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 3</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">721</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">423</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,474</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,474</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,195</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,897</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,780</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15,361</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">721</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">423</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">431</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">431</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,152</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">854</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,780</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15,361</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="7" style="vertical-align: bottom; width: 46%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value as of December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 1</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 2</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 3</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">436</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,750</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,750</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,556</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,186</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,795</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18,304</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">436</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">603</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">603</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,409</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,039</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,795</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18,304</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(b) </span><span style="font-family: Calibri; font-size: 8.00pt">These amounts are shown gross. </span><span style="font-family: Calibri; font-size: 8.00pt">No collateral was posted against derivative positions with counterparties as of March 31, 2021, or December 31, 2020.</span><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Investments include exchange-traded investment securities valued using quoted prices on active exchanges and are therefore classified as Level 1.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">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. The notional investments earn interest based upon the semiannual rate of U.S. Treasury Bills having a </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_748">26</span>-week maturity increased by </span><span style="font-family: Calibri; font-size: 10.00pt">1% compounded monthly with a minimum annual rate of </span><span style="font-family: Calibri; font-size: 10.00pt">7%, compounded monthly. The notional investments are based upon observable market</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">data, however, since the deferred compensation obligations themselves are not exchanged in an active market, they are classified as Level 2. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Derivatives include exchange-traded derivative contracts, over-the-counter transactions, a 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 considered unobservable and 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. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The purchased power agreement (see Footnote 10) was valued using an internal 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</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> 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. 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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The following table presents the significant unobservable inputs used in the pricing model.</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"/></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Model Input</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Significant Unobservable Inputs</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Basis adjustment:</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> On peak</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.4</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.2</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Off peak</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95.0</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.5</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Counterparty fuel mix:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_173"><span style="-sec-ix-hidden: ID_172"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">41.0% - 66.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_343"><span style="-sec-ix-hidden: ID_342"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">46.0% - 65.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.9</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_174"><span style="-sec-ix-hidden: ID_175"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">59.0% - 34.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_345"><span style="-sec-ix-hidden: ID_344"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54.0% - 35.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.1</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">The following table summarizes the changes in Level 3 commodity derivative assets and liabilities measured at fair value on a recurring basis.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: top; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Beginning balance</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,055)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">26,456)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized and unrealized gains (losses):</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in regulatory assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,688</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">810</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in other comprehensive income</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in earnings</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">307</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,453)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in current assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">355</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">247</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Purchases</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5,884</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5,015</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Sales</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Issuances</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Settlements</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,546)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,810)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance as of March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,367)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,647)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total gains (losses) included in earnings attributed to the change in unrealized gains (losses) related to assets and liabilities held at March 31,^(c)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: double #000000 2.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: double #000000 2.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">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^(c).</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Purchased power expense</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">702</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,184)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of gas sold expense</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">395)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">269)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">307</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,453)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(c) </span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">MGE's exchange-traded derivative contracts, over-the-counter party transactions, purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset in the financial statements with a corresponding regulatory asset or liability.</span> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">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</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">transaction between market participants at the measurement date. The accounting 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:</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Level 1 - Pricing inputs are quoted prices within active markets for identical assets or liabilities.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left"><span style="font-family: Calibri; font-size: 10.00pt">Level 3 - Pricing inputs are unobservable and reflect management's best estimate of what market participants would use in pricing the asset or liability.</span></p><span style="font-family: Calibri; font-size: 10.00pt">The carrying amount of cash, cash equivalents, and outstanding commercial paper approximates fair market value due to the short maturity of those investments and obligations. The estimated fair market value of long-term debt is based on quoted market prices for similar financial instruments. Since long-term debt is not traded in an active market, it is classified as Level 2.</span><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Investments include exchange-traded investment securities valued using quoted prices on active exchanges and are therefore classified as Level 1.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">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. The notional investments earn interest based upon the semiannual rate of U.S. Treasury Bills having a </span><span style="font-family: Calibri; font-size: 10.00pt"><span style="-sec-ix-hidden: ID_748">26</span>-week maturity increased by </span><span style="font-family: Calibri; font-size: 10.00pt">1% compounded monthly with a minimum annual rate of </span><span style="font-family: Calibri; font-size: 10.00pt">7%, compounded monthly. The notional investments are based upon observable market</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">data, however, since the deferred compensation obligations themselves are not exchanged in an active market, they are classified as Level 2. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Derivatives include exchange-traded derivative contracts, over-the-counter transactions, a 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 considered unobservable and 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. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">The purchased power agreement (see Footnote 10) was valued using an internal 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</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"> 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. 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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">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.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The following table presents the significant unobservable inputs used in the pricing model.</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt"/></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Model Input</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Significant Unobservable Inputs</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Basis adjustment:</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> On peak</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.4</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.2</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Off peak</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95.0</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.5</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Counterparty fuel mix:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_173"><span style="-sec-ix-hidden: ID_172"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">41.0% - 66.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_343"><span style="-sec-ix-hidden: ID_342"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">46.0% - 65.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.9</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_174"><span style="-sec-ix-hidden: ID_175"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">59.0% - 34.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_345"><span style="-sec-ix-hidden: ID_344"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54.0% - 35.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.1</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> <span style="font-family: Calibri; font-size: 10.00pt">The estimated fair market value of financial instruments are as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 34%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.17in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Carrying Amount</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Carrying Amount</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value</span></p></td><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Cash and cash equivalents</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">40,239</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">44,738</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities: </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Short-term debt - commercial paper</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Long-term debt^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">527,038</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">590,748</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">528,220</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">639,271</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Cash and cash equivalents</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,709</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,103</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Short-term debt - commercial paper</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,000</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">52,500</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 34%; padding-left: 2.00pt; padding-right: 2.00pt; padding-top: 0; padding-bottom: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Long-term debt^(a)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">527,038</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">590,748</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">528,220</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-left: 2.00pt; padding-right: 5.00pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">639,271</span></p></td><td style="vertical-align: top; width: 7%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(a) </span><span style="font-family: Calibri; font-size: 8.00pt">Includes long-term debt due within one year. Excludes debt issuance costs and unamortized discount of $</span><span style="font-family: Calibri; font-size: 8.00pt">4.0 million and $</span><span style="font-family: Calibri; font-size: 8.00pt">4.1 million as of March 31, 2021, and December 31, 2020, respectively.</span> 40239000 40239000 44738000 44738000 54000000 54000000 52500000 52500000 527038000 590748000 528220000 639271000 6709000 6709000 4103000 4103000 54000000 54000000 52500000 52500000 527038000 590748000 528220000 639271000 4000000.0 4100000 <span style="font-family: Calibri; font-size: 10.00pt">The following table presents the balances of assets and liabilities measured at fair value on a recurring basis.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="7" style="vertical-align: bottom; width: 46%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value as of March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 1</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 2</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 3</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">721</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">423</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,474</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,474</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,195</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,897</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,780</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15,361</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">721</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">423</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">431</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">431</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,152</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">854</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">298</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,780</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">15,361</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">115</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,581</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,665</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="7" style="vertical-align: bottom; width: 46%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Fair Value as of December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 1</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 2</span></p></td><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Level 3</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">436</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,750</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,750</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,556</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,186</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,795</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18,304</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Assets:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">806</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">436</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Exchange-traded investments</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">603</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">603</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Assets</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,409</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,039</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Liabilities:</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Derivatives, net^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,795</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Deferred compensation</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 33%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total Liabilities</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">18,304</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">370</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,509</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,425</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(b) </span><span style="font-family: Calibri; font-size: 8.00pt">These amounts are shown gross. </span><span style="font-family: Calibri; font-size: 8.00pt">No collateral was posted against derivative positions with counterparties as of March 31, 2021, or December 31, 2020.</span> 721000 423000 0 298000 1474000 1474000 0 0 2195000 1897000 0 298000 11780000 115000 0 11665000 3581000 0 3581000 0 15361000 115000 3581000 11665000 721000 423000 0 298000 431000 431000 0 0 1152000 854000 0 298000 11780000 115000 0 11665000 3581000 0 3581000 0 15361000 115000 3581000 11665000 806000 436000 0 370000 1750000 1750000 0 0 2556000 2186000 0 370000 14795000 370000 0 14425000 3509000 0 3509000 0 18304000 370000 3509000 14425000 806000 436000 0 370000 603000 603000 0 0 1409000 1039000 0 370000 14795000 370000 0 14425000 3509000 0 3509000 0 18304000 370000 3509000 14425000 0 0.01 0.07 <span style="color: #000000; font-family: Calibri; font-size: 10.00pt">The following table presents the significant unobservable inputs used in the pricing model.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="5" style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Model Input</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Significant Unobservable Inputs</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 19%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 31, 2020</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Basis adjustment:</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> On peak</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.4</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.2</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Off peak</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95.0</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">94.5</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Counterparty fuel mix:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_173"><span style="-sec-ix-hidden: ID_172"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">41.0% - 66.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_343"><span style="-sec-ix-hidden: ID_342"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">46.0% - 65.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Internal generation - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.9</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - range</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_174"><span style="-sec-ix-hidden: ID_175"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">59.0% - 34.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="-sec-ix-hidden: ID_345"><span style="-sec-ix-hidden: ID_344"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54.0% - 35.0</span></span></span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 15%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 40%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Purchased power - weighted average</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.1</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">43.5</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 0.944 0.942 0.950 0.945 0.569 0.565 0.431 0.435 <span style="font-family: Calibri; font-size: 10.00pt">The following table summarizes the changes in Level 3 commodity derivative assets and liabilities measured at fair value on a recurring basis.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: top; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Beginning balance</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">14,055)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">26,456)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Realized and unrealized gains (losses):</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in regulatory assets</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,688</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">810</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in other comprehensive income</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in earnings</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">307</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,453)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Included in current assets</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">355</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">247</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Purchases</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5,884</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5,015</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Sales</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Issuances</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Settlements</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">6,546)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,810)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.09in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Balance as of March 31,</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">11,367)</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,647)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total gains (losses) included in earnings attributed to the change in unrealized gains (losses) related to assets and liabilities held at March 31,^(c)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: double #000000 2.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: double #000000 2.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(c) </span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">MGE's exchange-traded derivative contracts, over-the-counter party transactions, purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset in the financial statements with a corresponding regulatory asset or liability.</span> -14055000 -26456000 2688000 810000 0 0 -307000 1453000 355000 247000 5884000 5015000 0 0 0 0 6546000 3810000 -11367000 -25647000 0 0 <span style="font-family: Calibri; font-size: 10.00pt">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^(c).</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 24%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Purchased power expense</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">702</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,184)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Cost of gas sold expense</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">395)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">269)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 48%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">307</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,453)</span></p></td><td style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><span style="font-family: Calibri; font-size: 8.00pt">(c) </span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: Calibri; font-size: 8.00pt"/><span style="font-family: Calibri; font-size: 8.00pt">MGE's exchange-traded derivative contracts, over-the-counter party transactions, purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset in the financial statements with a corresponding regulatory asset or liability.</span> -702000 1184000 395000 269000 -307000 1453000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 11.00pt">Joint Plant Ownership - MGE Energy and MGE</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE currently has ongoing jointly-owned solar generation construction projects, as shown in the following table. Incurred costs are reflected in "Construction work in progress" on the consolidated balance sheets.</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Ownership</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Share of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Share of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Costs incurred as of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 16%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Date of Commercial</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Project</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Interest</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Generation</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Estimated Costs</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 17%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021^(a)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 16%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operation</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Badger Hollow I^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33</span></p></td><td style="vertical-align: bottom; width: 4%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MW</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65</span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.4</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Q3 2021^(c)</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Badger Hollow II^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33</span></p></td><td style="vertical-align: bottom; width: 4%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MW</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5.3</span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 2022^(c)</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(a)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Excluding AFUDC.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(b)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">The Badger Hollow I and Badger Hollow II solar farms are located in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(c)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Estimated date of commercial operation.</span></p><span style="font-family: Calibri; font-size: 10.00pt">MGE received specific approval to recover </span><span style="font-family: Calibri; font-size: 10.00pt">100% AFUDC on each of these projects. During the </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">three months ended March 31, 2021</span><span style="font-family: Calibri; font-size: 10.00pt"> and </span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">2020,</span><span style="font-family: Calibri; font-size: 10.00pt"> MGE recognized $</span><span style="font-family: Calibri; font-size: 10.00pt">1.1 million and $</span><span style="font-family: Calibri; font-size: 10.00pt">0.4 million, respectively, after tax, in AFUDC for Badger Hollow I and II</span><span style="color: #000000; font-family: Calibri; font-size: 10.00pt">.</span> <span style="font-family: Calibri; font-size: 10.00pt">MGE currently has ongoing jointly-owned solar generation construction projects, as shown in the following table. Incurred costs are reflected in "Construction work in progress" on the consolidated balance sheets.</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Ownership</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Share of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 13%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Share of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 17%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Costs incurred as of</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 16%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Date of Commercial</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Project</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Interest</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Generation</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 13%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Estimated Costs</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 17%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31, 2021^(a)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: middle; width: 16%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Operation</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Badger Hollow I^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33</span></p></td><td style="vertical-align: bottom; width: 4%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MW</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65</span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56.4</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Q3 2021^(c)</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 20%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Badger Hollow II^(b)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33</span></p></td><td style="vertical-align: bottom; width: 4%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">%</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">50</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">MW</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 5%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65</span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">5.3</span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> million</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 16%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">December 2022^(c)</span></p></td><td style="vertical-align: bottom; width: 5%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(a)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Excluding AFUDC.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(b)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">The Badger Hollow I and Badger Hollow II solar farms are located in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 8.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.44in; text-indent: -0.13in; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">(c)</span><span style="display: inline-block; width: 0.25in;"/><span style="color: #000000; font-family: Calibri; font-size: 8.00pt">Estimated date of commercial operation.</span></p> 0.33 50 65000000 56400000 0.33 50 65000000 5300000 1 1100000 400000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Revenue - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-indent: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-indent: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Revenues disaggregated by revenue source were as follows:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Electric revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Residential</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">36,694</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33,428</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commercial</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,883</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,634</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Industrial</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,001</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,800</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other-retail/municipal</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">8,170</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">8,204</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total retail</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,748</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">92,066</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Sales to the market</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,639</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">482</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">222</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">442</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total electric revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Gas revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Residential</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">39,758</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33,487</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commercial/Industrial</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,507</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21,471</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total retail</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65,265</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,958</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gas transportation</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,002</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,794</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">93</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total gas revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Non-regulated energy revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">36</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total Operating Revenue</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Performance Obligations</span><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of contracts have a single performance obligation.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Retail Revenue (Residential, Commercial, Industrial, and Other Retail/Municipal)</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Providing electric and gas utility service to retail customers represents MGE's core business activity. Tariffs are approved by the PSCW through a rate order and provide MGE's customers with the standard terms and conditions, including pricing terms. The performance obligation to deliver electricity or gas is satisfied over time as the customer simultaneously receives and consumes the commodities provided by MGE. MGE recognizes revenues as the commodity is delivered to customers. Meters are read on a systematic basis throughout the month based on established meter-reading schedules and customers are subsequently billed for services received. At the end of the month, MGE accrues an estimate for unbilled commodities delivered to customers. The unbilled revenue estimate is based on daily system demand volumes, weather factors, estimated line losses, estimated customer usage by class, and applicable customer rates. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Utility Cost Recovery Mechanisms</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE's tariff rates include a provision for fuel cost recovery. The PSCW allows Wisconsin utilities to defer electric fuel-related costs, less excess revenues, that fall outside a symmetrical cost tolerance band. Any over- or under-recovery of the actual costs in a given year is determined in the following year and is then reflected in future billings to electric retail customers. Over-collection of fuel-related costs that are outside the approved range will be recognized as a reduction of revenue. Under-collection of these costs will be recognized in "Purchased power" expense in the consolidated statements of income. The cumulative effects of these deferred amounts will be recorded in "Regulatory assets" or "Regulatory liabilities" on the consolidated balance sheets until they are reflected in future billings to customers. See Footnote 9.b. for further information.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE also has other cost recovery mechanisms. For example, any over-collection of the difference between actual costs incurred and the amount of costs collected from customers is recorded as a reduction of revenue in the period incurred.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Sales to the Market</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Sales to the market include energy charges, capacity or demand charges, and ancillary charges represented by wholesale sales of electricity made to third parties who are not ultimate users of the electricity. Most of these sales are spot market transactions on the markets operated by MISO. Each transaction is considered a performance obligation and revenue is recognized in the period in which energy charges, capacity or demand charges, and ancillary services are sold into MISO. MGE reports, on a net basis, transactions on the MISO markets in which it buys and sells power within the same hour to meet electric energy delivery requirements.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Transportation of Gas</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE has contracts under which it provides gas transportation services to customers who have elected to purchase gas from a third party MGE delivers this gas via pipelines within its service territory. Revenue is recognized as service is rendered or gas is delivered to customers. Tariffs are approved by the PSCW through a rate order and provide gas transportation customers with standard terms and conditions, including pricing terms.</span></p> <span style="font-family: Calibri; font-size: 10.00pt">Revenues disaggregated by revenue source were as follows:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Three Months Ended</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 9.00pt">(In thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td colspan="3" style="vertical-align: bottom; width: 25%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">March 31,</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Electric revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2021</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Residential</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">36,694</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33,428</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commercial</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,883</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">47,634</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Industrial</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3,001</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,800</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other-retail/municipal</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">8,170</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">8,204</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total retail</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">95,748</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">92,066</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Sales to the market</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">4,639</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">482</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">222</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">442</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total electric revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 9.00pt">Gas revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Residential</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">39,758</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">33,487</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Commercial/Industrial</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">25,507</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">21,471</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total retail</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">65,265</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">54,958</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Gas transportation</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">2,002</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">1,794</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Other revenues</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">3</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">93</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt"> Total gas revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Non-regulated energy revenues</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">36</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 12%; border-bottom: solid #000000 0.5pt; padding-right: 3.00pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">38</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 27%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">Total Operating Revenue</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 12%; border-top: solid #000000 0.5pt; border-bottom: double #000000 2.5pt; padding-right: 3.00pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 9.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 23%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 9.00pt"> </span></p></td></tr></table> 36694000 33428000 47883000 47634000 3001000 2800000 8170000 8204000 95748000 92066000 4639000 482000 222000 442000 100609000 92990000 39758000 33487000 25507000 21471000 65265000 54958000 2002000 1794000 3000 93000 67270000 56845000 36000 38000 167915000 149873000 <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Performance Obligations</span><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account. A contract's transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The majority of contracts have a single performance obligation.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Retail Revenue (Residential, Commercial, Industrial, and Other Retail/Municipal)</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Providing electric and gas utility service to retail customers represents MGE's core business activity. Tariffs are approved by the PSCW through a rate order and provide MGE's customers with the standard terms and conditions, including pricing terms. The performance obligation to deliver electricity or gas is satisfied over time as the customer simultaneously receives and consumes the commodities provided by MGE. MGE recognizes revenues as the commodity is delivered to customers. Meters are read on a systematic basis throughout the month based on established meter-reading schedules and customers are subsequently billed for services received. At the end of the month, MGE accrues an estimate for unbilled commodities delivered to customers. The unbilled revenue estimate is based on daily system demand volumes, weather factors, estimated line losses, estimated customer usage by class, and applicable customer rates. </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Utility Cost Recovery Mechanisms</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE's tariff rates include a provision for fuel cost recovery. The PSCW allows Wisconsin utilities to defer electric fuel-related costs, less excess revenues, that fall outside a symmetrical cost tolerance band. Any over- or under-recovery of the actual costs in a given year is determined in the following year and is then reflected in future billings to electric retail customers. Over-collection of fuel-related costs that are outside the approved range will be recognized as a reduction of revenue. Under-collection of these costs will be recognized in "Purchased power" expense in the consolidated statements of income. The cumulative effects of these deferred amounts will be recorded in "Regulatory assets" or "Regulatory liabilities" on the consolidated balance sheets until they are reflected in future billings to customers. See Footnote 9.b. for further information.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.31in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE also has other cost recovery mechanisms. For example, any over-collection of the difference between actual costs incurred and the amount of costs collected from customers is recorded as a reduction of revenue in the period incurred.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Sales to the Market</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">Sales to the market include energy charges, capacity or demand charges, and ancillary charges represented by wholesale sales of electricity made to third parties who are not ultimate users of the electricity. Most of these sales are spot market transactions on the markets operated by MISO. Each transaction is considered a performance obligation and revenue is recognized in the period in which energy charges, capacity or demand charges, and ancillary services are sold into MISO. MGE reports, on a net basis, transactions on the MISO markets in which it buys and sells power within the same hour to meet electric energy delivery requirements.</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-style: italic; font-weight: bold; font-size: 10.00pt">Transportation of Gas</span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE has contracts under which it provides gas transportation services to customers who have elected to purchase gas from a third party MGE delivers this gas via pipelines within its service territory. Revenue is recognized as service is rendered or gas is delivered to customers. Tariffs are approved by the PSCW through a rate order and provide gas transportation customers with standard terms and conditions, including pricing terms.</span></p> <p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-indent: -0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-weight: bold; font-size: 10.00pt">Segment Information - MGE Energy and MGE.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; margin-left: 0.19in; text-align: left; vertical-align: baseline"><span style="font-family: Calibri; font-size: 10.00pt">MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See the 2020 Annual Report on Form 10-K for additional discussion of each of these segments.</span></p><span style="font-family: Calibri; font-size: 10.00pt">The following tables show segment information for MGE Energy's operations for the indicated periods:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.15in"><td style="vertical-align: top; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 7.00pt">(In thousands)</span></p><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 7.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Electric</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Gas</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Nonregulated Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Transmission Investment</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">All Others</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidation/ Elimination</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidated Total</span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 38%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">36</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">273</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">4,811</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,173</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,882</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">72,081</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,209</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Equity in earnings of investments</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,444</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,444</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income (loss)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">18,024</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,556</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,194</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">1,778</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">619)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">34,933</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: middle; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 38%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2020</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">38</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">191</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">3,451</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,056</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">93,181</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">60,296</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,094</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Equity in earnings of investments</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,286</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,286</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income (loss)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">11,463</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">8,034</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,060</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">1,663</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">183)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">26,037</span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">The following tables show segment information for MGE's operations for the indicated periods:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.21in"><td style="vertical-align: top; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 7.00pt">(In thousands)</span></p><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 7.00pt">MGE</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Electric</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Gas</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Nonregulated Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidation/ Elimination</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidated Total</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 43%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">36</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">273</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">4,811</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,173</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,882</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">72,081</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,209</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income attributable to MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">18,024</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,556</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,194</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,501)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">28,273</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: middle; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 43%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2020</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">38</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">191</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">3,451</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,056</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">93,181</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">60,296</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,094</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income attributable to MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">11,463</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">8,034</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,060</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,493)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">19,064</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr></table> <span style="font-family: Calibri; font-size: 10.00pt">The following tables show segment information for MGE Energy's operations for the indicated periods:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.15in"><td style="vertical-align: top; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 7.00pt">(In thousands)</span></p><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 7.00pt">MGE Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Electric</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Gas</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Nonregulated Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Transmission Investment</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">All Others</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidation/ Elimination</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidated Total</span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 38%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">36</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">273</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">4,811</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,173</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,882</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">72,081</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,209</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Equity in earnings of investments</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,444</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,444</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income (loss)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">18,024</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,556</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,194</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">1,778</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">619)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">34,933</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: middle; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 38%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2020</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">38</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">191</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">3,451</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,056</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">93,181</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">60,296</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,094</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Equity in earnings of investments</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,286</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">2,286</span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 29%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income (loss)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">11,463</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 8%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">8,034</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,060</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">1,663</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">183)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">26,037</span></p></td></tr></table><span style="font-family: Calibri; font-size: 10.00pt">The following tables show segment information for MGE's operations for the indicated periods:</span><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.21in"><td style="vertical-align: top; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-size: 7.00pt">(In thousands)</span></p><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-weight: bold; font-size: 7.00pt">MGE</span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Electric</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Gas</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Nonregulated Energy</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidation/ Elimination</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Consolidated Total</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 43%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2021</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,609</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">67,270</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">36</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">273</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">4,811</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,173</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">100,882</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">72,081</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,209</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">15,257)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">167,915</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income attributable to MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">18,024</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,556</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,194</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,501)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">28,273</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: middle; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: middle; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td colspan="3" style="vertical-align: bottom; width: 43%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-style: italic; font-weight: bold; font-size: 7.00pt">Three Months Ended March 31, 2020</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Operating revenues from external customers</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">92,990</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">56,845</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">38</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 11%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Interdepartmental revenues</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">191</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">3,451</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,056</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #000000 0.5pt; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">-</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 32%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Total operating revenues</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">93,181</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">60,296</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">10,094</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">13,698)</span></p></td><td style="vertical-align: bottom; width: 1%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; padding-right: 2.25pt; background: #CCEEFF; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">149,873</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr><tr style="height: 0.07in"><td style="vertical-align: bottom; width: 32%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">Net income attributable to MGE</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">11,463</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">8,034</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,060</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">(</span><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">5,493)</span></p></td><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-right: 2.25pt; padding-top: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="color: #000000; font-family: Calibri; font-size: 7.00pt">19,064</span></p></td><td style="vertical-align: bottom; width: 11%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right; vertical-align: baseline"><span style="font-family: Calibri; font-size: 7.00pt"> </span></p></td></tr></table> 100609000 67270000 36000 0 0 167915000 273000 4811000 10173000 0 0 -15257000 100882000 72081000 10209000 0 0 -15257000 167915000 0 0 0 2444000 0 0 2444000 18024000 10556000 5194000 1778000 -619000 0 34933000 34933000 92990000 56845000 38000 0 0 149873000 191000 3451000 10056000 0 0 -13698000 93181000 60296000 10094000 0 0 -13698000 149873000 0 0 0 2286000 0 0 2286000 11463000 8034000 5060000 1663000 -183000 0 26037000 100609000 67270000 36000 167915000 273000 4811000 10173000 -15257000 100882000 72081000 10209000 -15257000 167915000 18024000 10556000 5194000 -5501000 28273000 28273000 92990000 56845000 38000 149873000 191000 3451000 10056000 -13698000 93181000 60296000 10094000 -13698000 149873000 11463000 8034000 5060000 -5493000 19064000 Includes long-term debt due within one year. Excludes debt issuance costs and unamortized discount of $4.0 million and $4.1 million as of March 31, 2021, and December 31, 2020, respectively. These amounts are shown gross. No collateral was posted against derivative positions with counterparties as of March 31, 2021, or December 31, 2020. Included are impacts of the 2017 Tax Act for the regulated utility for excess deferred taxes recognized using a normalization method of accounting in recognition of IRS rules that restrict the rate at which the excess deferred taxes may be returned to utility customers. For the three months ended March 31, 2021 and 2020, MGE recognized $0.7 million. Included in the 2021 rate settlement was a one-time return to customers of the electric portion of excess deferred taxes related to the 2017 Tax Act not restricted by IRS normalization rules. For the three months ended March 31, 2021, MGE recognized $3.3 million. MGE's exchange-traded derivative contracts, over-the-counter party transactions, purchased power agreement, and FTRs are subject to regulatory deferral. These derivatives are therefore marked to fair value and are offset in the financial statements with a corresponding regulatory asset or liability. The Badger Hollow I and Badger Hollow II solar farms are located in southwestern Wisconsin in Iowa County, near the villages of Montfort and Cobb. Excluding AFUDC. No collateral was posted against derivative positions as of March 31, 2021, and December 31, 2020