v3.26.1
Fair Value of Financial Instruments (Details-4) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Realized and unrealized gains (losses):        
Included in regulatory assets $ (284) $ 0 $ 442 $ 0
Included in regulatory liability 0 (318) 0 642
Included in earnings [1] (564) (665) 817 (1,262)
Settlements $ 564 $ 665 $ (817) $ 1,264
[1] 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.