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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating Revenues:    
Regulated electric revenues $ 93,494 $ 89,936
Regulated gas revenues 72,467 57,019
Nonregulated revenues 1,276 2,304
Total Operating Revenues 167,237 149,259
Operating Expenses:    
Fuel for electric generation 10,760 8,851
Purchased power 18,205 19,546
Cost of gas sold 44,692 34,845
Other operations and maintenance 41,649 42,949
Depreciation and amortization 9,624 9,624
Other general taxes 4,679 5,000
Income tax provision 13,678 9,862
Total Operating Expenses 129,609 120,815
Operating Income 37,628 28,444
Other Income and Deductions:    
Equity in earnings in ATC 2,396 2,242
Total Other Income and Deductions 3,309 2,570
Interest Expense:    
Net Interest Expense 4,675 5,104
Net Income (Loss) 22,584 16,048
MGE [Member]
   
Operating Revenues:    
Regulated electric revenues 93,494 89,936
Regulated gas revenues 72,467 57,019
Nonregulated revenues 1,276 2,304
Total Operating Revenues 167,237 149,259
Operating Expenses:    
Fuel for electric generation 10,760 8,851
Purchased power 18,205 19,546
Cost of gas sold 44,692 34,845
Other operations and maintenance 41,504 42,528
Depreciation and amortization 9,624 9,624
Other general taxes 4,679 5,000
Income tax provision 12,870 8,969
Total Operating Expenses 142,334 129,363
Operating Income 24,903 19,896
Other Income and Deductions:    
AFUDC - equity funds 596 154
Equity in earnings in ATC 2,396 2,242
Income tax provision (781) (993)
Other income, net 141 56
Total Other Income and Deductions 2,352 1,459
Income before interest expense 27,255 21,355
Interest Expense:    
Interest on long-term debt 4,928 5,197
Other interest, net (37) 7
AFUDC - borrowed funds (196) (63)
Net Interest Expense 4,695 5,141
Net Income Including Noncontrolling Interest 22,560 16,214
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,826) (6,072)
Net Income (Loss) $ 15,734 $ 10,142