v3.26.3
Fair Value of Financial Instruments (Details-4) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Realized and unrealized gains (losses):        
Included in regulatory assets $ 0 $ 0 $ 0 $ 0
Included in regulatory liability 1,232 515 1,674 1,158
Included in earnings [1] (1,039) (456) (202) (1,722)
Settlements $ 1,039 $ 456 $ 202 $ 1,723
[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.