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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information
14.
Segment Information - MGE Energy and MGE.

 

MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See the 2021 Annual Report on Form 10-K for additional discussion of each of these segments.

 

(In thousands)
MGE Energy

 

Electric

 

 

Gas

 

 

Non-Regulated Energy

 

 

Transmission Investment

 

 

All Others

 

 

Consolidation/
Elimination

 

 

Consolidated Total

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

110,089

 

 

$

98,811

 

 

$

38

 

 

$

 

 

$

 

 

$

 

 

$

208,938

 

Interdepartmental revenues

 

 

118

 

 

 

6,121

 

 

 

10,315

 

 

 

 

 

 

 

 

 

(16,554

)

 

 

 

Total operating revenues

 

 

110,207

 

 

 

104,932

 

 

 

10,353

 

 

 

 

 

 

 

 

 

(16,554

)

 

 

208,938

 

Equity in earnings of investments

 

 

 

 

 

 

 

 

 

 

 

2,504

 

 

 

 

 

 

 

 

 

2,504

 

Net income

 

 

14,617

 

 

 

12,084

 

 

 

5,352

 

 

 

1,822

 

 

 

545

 

 

 

 

 

 

34,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

100,609

 

 

$

67,270

 

 

$

36

 

 

$

 

 

$

 

 

$

 

 

$

167,915

 

Interdepartmental revenues

 

 

273

 

 

 

4,811

 

 

 

10,173

 

 

 

 

 

 

 

 

 

(15,257

)

 

 

 

Total operating revenues

 

 

100,882

 

 

 

72,081

 

 

 

10,209

 

 

 

 

 

 

 

 

 

(15,257

)

 

 

167,915

 

Equity in earnings of investments

 

 

 

 

 

 

 

 

 

 

 

2,444

 

 

 

 

 

 

 

 

 

2,444

 

Net income (loss)

 

 

18,024

 

 

 

10,556

 

 

 

5,194

 

 

 

1,778

 

 

 

(619

)

 

 

 

 

 

34,933

 

 

(In thousands)
MGE

 

Electric

 

 

Gas

 

 

Non-Regulated Energy

 

 

Consolidation/
Elimination

 

 

Consolidated Total

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

110,089

 

 

$

98,811

 

 

$

38

 

 

$

 

 

$

208,938

 

Interdepartmental revenues

 

 

118

 

 

 

6,121

 

 

 

10,315

 

 

 

(16,554

)

 

 

 

Total operating revenues

 

 

110,207

 

 

 

104,932

 

 

 

10,353

 

 

 

(16,554

)

 

 

208,938

 

Net income attributable to MGE

 

 

14,617

 

 

 

12,084

 

 

 

5,352

 

 

 

(4,756

)

 

 

27,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

100,609

 

 

$

67,270

 

 

$

36

 

 

$

 

 

$

167,915

 

Interdepartmental revenues

 

 

273

 

 

 

4,811

 

 

 

10,173

 

 

 

(15,257

)

 

 

 

Total operating revenues

 

 

100,882

 

 

 

72,081

 

 

 

10,209

 

 

 

(15,257

)

 

 

167,915

 

Net income attributable to MGE

 

 

18,024

 

 

 

10,556

 

 

 

5,194

 

 

 

(5,501

)

 

 

28,273