v3.26.1
Summary of Significant Accounting Principles (Tables)
3 Months Ended
Mar. 31, 2026
Cash, Cash Equivalents, And Restricted Cash [Abstract]  
Supplemental Cash Flow Information

 

 

MGE Energy

 

MGE(b)

 

 

March 31,

 

March 31,

 

March 31,

 

March 31,

(In Thousands)

 

2026

 

2025

 

2026

 

2025

Income tax receipts, net(a):

 

 

 

 

 

 

 

 

 

 

 

 

US Federal

 

$

(364)

 

$

(19)

 

$

(364)

 

$

(19)

Significant noncash investing activities:

 

 

 

 

 

 

 

 

 

 

 

 

Accrued capital expenditures

 

 

12,961

 

 

9,802

 

 

12,961

 

 

9,802

 

(a)
For the three months ended March 31, 2026, federal tax receipts include $0.4 million of proceeds from the transfer of federal tax credits under Internal Revenue Code Section 6418.
(b)
MGE Energy files a consolidated federal income tax return with its subsidiaries. While taxes are filed on a consolidated basis, MGE calculates its respective share of tax liability and makes intercompany tax payments to or from its parent company.
Cash, Cash Equivalents, and Restricted Cash

The following table presents the components of total cash, cash equivalents, and restricted cash on the consolidated balance sheets.

 

 

 

MGE Energy

 

MGE

 

 

March 31,

 

December 31,

 

March 31,

 

December 31,

(In thousands)

 

2026

 

2025

 

2026

 

2025

Cash and cash equivalents

 

$

9,468

 

$

5,666

 

$

5,418

 

$

2,248

Restricted cash

 

 

665

 

 

952

 

 

665

 

 

952

Receivable - margin account

 

 

2,352

 

 

2,118

 

 

2,352

 

 

2,118

Cash, cash equivalents, and restricted cash

 

$

12,485

 

$

8,736

 

$

8,435

 

$

5,318