v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 9,468 $ 5,666
Accounts receivable, less reserves 59,014 57,558
Other accounts receivables, less reserves 12,108 12,983
Unbilled revenues 31,597 42,770
Materials and supplies, at average cost 38,193 37,850
Fuel for electric generation, at average cost 11,242 11,010
Stored natural gas, at average cost 9,409 15,317
Prepaid taxes 14,243 19,314
Regulatory assets - current 10,996 8,879
Other current assets 14,864 17,201
Total Current Assets 211,134 228,548
Regulatory assets 45,488 42,758
Pension benefit asset 168,666 164,985
Other deferred assets and other 19,215 18,348
Property, Plant, and Equipment:    
Property, plant, and equipment, net 2,282,117 2,279,899
Construction work in progress 326,399 292,969
Total Property, Plant, and Equipment 2,608,516 2,572,868
Investments 132,663 127,913
Total Assets 3,185,682 3,155,420
Current Liabilities:    
Long-term debt due within one year 20,471 21,633
Short-term debt 40,250 94,527
Accounts payable 57,288 117,673
Accrued interest and taxes 13,674 10,269
Accrued payroll related items 14,114 17,244
Regulatory liabilities - current 28,175 23,490
Other current liabilities 9,191 11,873
Total Current Liabilities 183,163 296,709
Other Credits:    
Deferred income taxes 344,250 337,798
Investment tax credit - deferred 48,066 48,609
Regulatory liabilities 189,423 185,372
Accrued pension and other postretirement benefits 51,249 51,105
Asset retirement obligations 77,143 76,289
Other deferred liabilities and other 62,645 63,397
Total Other Credits 772,776 762,570
Capitalization:    
Common shareholders equity 1,349,399 1,303,936
Long-term debt 880,344 792,205
Total Capitalization 2,229,743 2,096,141
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization 3,185,682 3,155,420
MGE [Member]    
Current Assets:    
Cash and cash equivalents 5,418 2,248
Accounts receivable, less reserves 59,014 57,558
Other accounts receivables, less reserves 12,104 12,979
Unbilled revenues 31,597 42,770
Materials and supplies, at average cost 38,193 37,850
Fuel for electric generation, at average cost 11,242 11,010
Stored natural gas, at average cost 9,409 15,317
Prepaid taxes 14,208 18,748
Regulatory assets - current 10,996 8,879
Other current assets 15,852 17,225
Total Current Assets 208,033 224,584
Regulatory assets 45,488 42,758
Pension benefit asset 168,666 164,985
Other deferred assets and other 18,022 17,817
Property, Plant, and Equipment:    
Property, plant, and equipment, net 2,282,145 2,279,927
Construction work in progress 326,399 292,969
Total Property, Plant, and Equipment 2,608,544 2,572,896
Total Assets 3,048,753 3,023,040
Current Liabilities:    
Long-term debt due within one year 20,471 21,633
Short-term debt 40,250 94,527
Accounts payable 56,911 117,658
Accrued interest and taxes 13,463 10,234
Accrued payroll related items 14,114 17,244
Regulatory liabilities - current 28,175 23,490
Other current liabilities 9,190 8,843
Total Current Liabilities 182,574 293,629
Other Credits:    
Deferred income taxes 307,132 301,198
Investment tax credit - deferred 48,066 48,609
Regulatory liabilities 189,423 185,372
Accrued pension and other postretirement benefits 51,249 51,105
Asset retirement obligations 77,143 76,289
Other deferred liabilities and other 65,257 67,281
Total Other Credits 738,270 729,854
Capitalization:    
Common shareholders equity 1,089,421 1,050,564
Noncontrolling interest 158,144 156,788
Total Equity 1,247,565 1,207,352
Long-term debt 880,344 792,205
Total Capitalization 2,127,909 1,999,557
Commitments and contingencies (see Footnote 8)
Total Liabilities and Capitalization $ 3,048,753 $ 3,023,040