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Income Taxes (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income tax provision components [Abstract]      
Current payable: Federal $ 5,887 $ 4,811 $ 1,864
Current payable: State 9,093 6,875 4,637
Net-deferred: Federal 4,335 (2,695) 16,317
Net-deferred: State 3,287 3,303 6,683
Amortized investment tax credits (1,838) (1,698) (1,698)
Total income tax provision $ 20,765 $ 10,596 $ 27,803
Reconciliation of tax provision to statutory federal income tax rate [Abstract]      
Statutory federal income tax rate 21.00% 21.00% 21.00%
State income taxes, net of federal benefit [1] 6.30% 6.30% 6.20%
Amortized investment tax credits [2] (1.10%) (2.10%) (0.70%)
Production tax credits (9.70%) (10.50%) (5.30%)
AFUDC equity, net [3] (0.60%) (0.70%) (0.60%)
Amortization of utility excess deferred tax [4] (2.70%) (5.90%) (1.50%)
Other, net, individually insignificant 0.10% 0.10% 0.00%
Effective income tax rate 13.30% 8.20% 19.10%
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Statutory federal income tax rate $ 32,897 $ 27,544 $ 30,555
State income taxes, net of federal benefit [1] 9,843 8,239 9,078
Amortized investment tax credits [2] (1,697) (2,775) (952)
Production tax credits (15,142) (13,798) (7,763)
AFUDC equity, net [3] (1,033) (946) (938)
Other, net, individually insignificant 135 90 6
Amortization of utility excess deferred tax [4] (4,238) (7,758) (2,183)
Income Tax Expense (Benefit) 20,765 10,596 27,803
Components of Deferred Tax Assets [Abstract]      
Investment in ATC 17,657 18,467  
Federal tax credits 13,003 21,252  
Accrued expenses 12,695 11,614  
Pension and other postretirement benefits 1,319 6,878  
Deferred tax regulatory account 38,021 37,892  
Derivatives 477 13  
Leases 7,455 7,521  
Other deferred tax assets 32,342 29,290  
Gross deferred income tax assets 122,969 132,927  
Less valuation allowance (863) 0  
Net deferred income tax assets 122,106 132,927  
Components of Deferred Tax Liabilities [Abstract]      
Property-related 346,043 334,728  
Investment in ATC 54,359 54,262  
Bond transactions 288 349  
Pension and other postretirement benefits 22,671 26,801  
Derivatives 477 13  
Tax deductible prepayments 10,280 9,677  
Leases 7,455 7,521  
Other deferred tax liabilities 18,331 15,973  
Gross deferred income tax liabilities 459,904 449,324  
Deferred income taxes, net 337,798 316,397  
Operating loss deductions and tax credit carryforwards [Abstract]      
Federal tax credits 13,003 21,252  
Unrecognized Tax Benefits [Roll Forward]      
Unrecognized tax benefits, beginning balance 1,546 1,615 2,485
Additions based on tax positions related to current year 461 415 455
Additions based on tax positions related to prior year 0 0 0
Reductions based on tax positions related to prior years (444) (484) (1,325)
Unrecognized tax benefits, ending balance 1,562 1,546 1,615
Interest on unrecognized tax benefits [Roll Forward]      
Accrued interest on unrecognized tax benefits, beginning balance 117 130 189
Reduction in interest expense on uncertain tax positions (65) (77) (149)
Interest expense on uncertain tax positions 44 64 90
Accrued interest on unrecognized tax benefits, ending balance 96 117 130
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, Federal, after Refund Received, Total [5] (3,970) (16,238) 4,000
Wisconsin      
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, State and Local, after Refund Received, Total 10,250 3,100 5,800
Federal      
Components of Deferred Tax Assets [Abstract]      
Federal tax credits 13,003 21,252  
Operating loss deductions and tax credit carryforwards [Abstract]      
Federal tax credits 13,003 21,252  
State and Local Tax Jurisdiction, Other [Member]      
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, State and Local, after Refund Received, Total 66 36 0
Excess Deferred Taxes, Tax Cuts And Jobs Act [Member]      
Effects Of The Tax Cuts And Jobs Act [Abstract]      
Excess deferred tax - Income statement effect 4,200 3,500 3,500
Return of unprotected excess deferred taxes   4,100  
Deficient Deferred Taxes, Tax Cuts And Jobs Act [Member]      
Effects Of The Tax Cuts And Jobs Act [Abstract]      
Collection of unprotected of deficient deferred taxes.     1,300
MGE [Member]      
Income tax provision components [Abstract]      
Current payable: Federal 4,190 3,206 1,329
Current payable: State 8,538 6,309 4,560
Net-deferred: Federal 3,567 (3,342) 15,345
Net-deferred: State 2,891 2,909 6,191
Amortized investment tax credits (1,838) (1,698) (1,698)
Total income tax provision $ 17,348 $ 7,384 $ 25,727
Reconciliation of tax provision to statutory federal income tax rate [Abstract]      
Statutory federal income tax rate 21.00% 21.00% 21.00%
State income taxes, net of federal benefit [1] 6.20% 6.20% 6.20%
Amortized investment tax credits [2] (1.20%) (2.30%) (0.70%)
Production tax credits (10.50%) (11.50%) (5.60%)
AFUDC equity, net [3] (0.70%) (0.80%) (0.70%)
Amortization of utility excess deferred tax [4] (2.90%) (6.50%) (1.60%)
Other, net, individually insignificant 0.10% 0.00% 0.00%
Effective income tax rate 12.00% 6.10% 18.60%
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Statutory federal income tax rate $ 30,270 $ 25,133 $ 29,000
State income taxes, net of federal benefit [1] 9,004 7,477 8,627
Amortized investment tax credits [2] (1,698) (2,775) (952)
Production tax credits (15,142) (13,798) (7,763)
AFUDC equity, net [3] (1,033) (946) (938)
Other, net, individually insignificant 185 51 (64)
Amortization of utility excess deferred tax [4] (4,238) (7,758) (2,183)
Income Tax Expense (Benefit) 17,348 7,384 25,727
Components of Deferred Tax Assets [Abstract]      
Investment in ATC 0 0  
Federal tax credits 13,003 21,252  
Accrued expenses 12,662 11,566  
Pension and other postretirement benefits 1,319 6,878  
Deferred tax regulatory account 38,021 37,892  
Derivatives 477 13  
Leases 7,455 7,521  
Other deferred tax assets 32,202 29,048  
Gross deferred income tax assets 105,139 114,170  
Less valuation allowance (863) 0  
Net deferred income tax assets 104,276 114,170  
Components of Deferred Tax Liabilities [Abstract]      
Property-related 346,043 334,728  
Investment in ATC 0 0  
Bond transactions 288 349  
Pension and other postretirement benefits 22,671 26,801  
Derivatives 477 13  
Tax deductible prepayments 10,269 9,666  
Leases 7,455 7,521  
Other deferred tax liabilities 18,271 16,053  
Gross deferred income tax liabilities 405,474 395,131  
Deferred income taxes, net 301,198 280,961  
Operating loss deductions and tax credit carryforwards [Abstract]      
Federal tax credits 13,003 21,252  
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, Federal, after Refund Received, Total [5] (5,750) (18,658) 3,450
MGE [Member] | Wisconsin      
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, State and Local, after Refund Received, Total 9,650 2,450 5,990
MGE [Member] | Federal      
Components of Deferred Tax Assets [Abstract]      
Federal tax credits 13,003 21,252  
Operating loss deductions and tax credit carryforwards [Abstract]      
Federal tax credits 13,003 21,252  
MGE [Member] | State and Local Tax Jurisdiction, Other [Member]      
Income Taxes Paid, Net [Abstract]      
Income Tax Paid, State and Local, after Refund Received, Total 0 0 $ 0
Indemnification Agreement [Member] | Renewable Tax Credits Transferred [Member]      
Effects of The Inflation Reduction Act [Abstract]      
Guarantor Obligations, Liquidation Proceeds, Monetary Amount $ 10,900 $ 18,500  
[1] State taxes in Wisconsin made up the majority (greater than 50 percent) of the tax effect in this category.
[2] MGE accounts for investment tax credits using the deferral method. Under this method, the credits are initially recorded as a liability and amortized as an income tax benefit over the useful life of the related property. In addition, amortization for the year ended December 31, 2025, also reflects additional investment tax credit amortization on transferred credits included in the rate settlement for the period.
[3] The impact of non-taxable income related to equity portion of the AFUDC, net of depreciation.
[4] 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 years ended December 31, 2025, 2024, and 2023, MGE recognized $4.2 million, $3.5 million, and $3.5 million, respectively. Included in the 2024 rate settlement was a one-time return to customers of excess deferred taxes related to the 2017 Tax Act not restricted by IRS normalization rules. For the year ended December 31, 2024, MGE recognized $4.1 million of deferred taxes not restricted by IRS normalization rules, compared to a net collection from customers of $1.3 million for the year ended December 31, 2023.
[5] During the years ended December 31, 2025 and December 31, 2024, federal tax payments and receipts included proceeds from the transfer of PTCs under Internal Revenue Code Section 6418. Cash received for income taxes in 2025 includes $10.9 million related to PTCs generated in 2025
that were sold to a third party. Cash received for income taxes in 2024 includes $18.5 million related to PTCs generated in 2024 and 2023 that were sold to a third party.