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v3.21.2

Fair Value of Financial Instruments (Details-2) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Assets: |  |  |  |
Collateral posted against derivative positions |  | $ 9,200 | $ 0 |
Recurring [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 14,210 | 806 |
Total Assets |  | 15,334 | 2,556 |
Liabilities: |  |  |  |
Derivatives |  | 535 | 14,795 | [1]
Deferred compensation |  | 3,496 | 3,509 |
Total liabilities |  | 4,031 | 18,304 |
Recurring [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 1,124 | 1,750 |
Recurring [Member] | Level 1 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 10,451 | 436 |
Total Assets |  | 11,575 | 2,186 |
Liabilities: |  |  |  |
Derivatives |  | 365 | 370 | [1]
Deferred compensation |  | 0 | 0 |
Total liabilities |  | 365 | 370 |
Recurring [Member] | Level 1 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 1,124 | 1,750 |
Recurring [Member] | Level 2 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 0 | 0 |
Total Assets |  | 0 | 0 |
Liabilities: |  |  |  |
Derivatives |  | 0 | 0 | [1]
Deferred compensation |  | 3,496 | 3,509 |
Total liabilities |  | 3,496 | 3,509 |
Recurring [Member] | Level 2 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 0 | 0 |
Recurring [Member] | Level 3 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 3,759 | 370 |
Total Assets |  | 3,759 | 370 |
Liabilities: |  |  |  |
Derivatives |  | 170 | 14,425 | [1]
Deferred compensation |  | 0 | 0 |
Total liabilities |  | 170 | 14,425 |
Recurring [Member] | Level 3 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 0 | 0 |
MGE [Member] | Recurring [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 14,210 | 806 |
Total Assets |  | 14,454 | 1,409 |
Liabilities: |  |  |  |
Derivatives |  | 535 | 14,795 | [1]
Deferred compensation |  | 3,496 | 3,509 |
Total liabilities |  | 4,031 | 18,304 |
MGE [Member] | Recurring [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 244 | 603 |
MGE [Member] | Recurring [Member] | Level 1 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 10,451 | 436 |
Total Assets |  | 10,695 | 1,039 |
Liabilities: |  |  |  |
Derivatives |  | 365 | 370 | [1]
Deferred compensation |  | 0 | 0 |
Total liabilities |  | 365 | 370 |
MGE [Member] | Recurring [Member] | Level 1 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 244 | 603 |
MGE [Member] | Recurring [Member] | Level 2 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 0 | 0 |
Total Assets |  | 0 | 0 |
Liabilities: |  |  |  |
Derivatives |  | 0 | 0 | [1]
Deferred compensation |  | 3,496 | 3,509 |
Total liabilities |  | 3,496 | 3,509 |
MGE [Member] | Recurring [Member] | Level 2 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | 0 | 0 |
MGE [Member] | Recurring [Member] | Level 3 [Member] |  |  |  |
Assets: |  |  |  |
Derivatives | [1] | 3,759 | 370 |
Total Assets |  | 3,759 | 370 |
Liabilities: |  |  |  |
Derivatives |  | 170 | 14,425 | [1]
Deferred compensation |  | 0 | 0 |
Total liabilities |  | 170 | 14,425 |
MGE [Member] | Recurring [Member] | Level 3 [Member] | Exchange Traded [Member] |  |  |  |
Assets: |  |  |  |
Available-for-sale securities |  | $ 0 | $ 0 |
[1] | As of September 30, 2021, MGE received collateral of $9.2 million from counterparties under a master netting agreement for outstanding exchange traded derivative positions. The fair value of the derivative asset disclosed in this table has not been reduced for the collateral received. No collateral was posted against derivative positions owed to counterparties under a master netting agreement on the consolidated balance sheet as of December 31, 2020.

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