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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenues:        
Regulated electric revenues $ 96,846 $ 96,339 $ 190,340 $ 186,275
Regulated gas revenues 30,042 18,629 102,509 75,648
Nonregulated revenues 1,400 2,253 2,676 4,557
Total Operating Revenues 128,288 117,221 295,525 266,480
Operating Expenses:        
Fuel for electric generation 9,810 11,481 20,570 20,332
Purchased power 21,051 17,314 39,256 36,860
Cost of gas sold 16,748 7,801 61,440 42,646
Other operations and maintenance 41,887 41,278 83,536 84,227
Depreciation and amortization 9,530 9,712 19,154 19,336
Other general taxes 4,765 4,554 9,444 9,554
Income tax provision 8,660 8,596 22,338 18,458
Total Operating Expenses 103,791 92,140 233,400 212,955
Operating Income 24,497 25,081 62,125 53,525
Other Income and Deductions:        
Equity in earnings in ATC     4,705 4,484
Total Other Income and Deductions 2,711 2,549 6,020 5,119
Interest Expense:        
Net Interest Expense 4,657 4,764 9,332 9,868
Net Income (Loss) 13,891 14,270 36,475 30,318
MGE [Member]
       
Operating Revenues:        
Regulated electric revenues 96,846 96,339 190,340 186,275
Regulated gas revenues 30,042 18,629 102,509 75,648
Nonregulated revenues 1,400 2,253 2,676 4,557
Total Operating Revenues 128,288 117,221 295,525 266,480
Operating Expenses:        
Fuel for electric generation 9,810 11,481 20,570 20,332
Purchased power 21,051 17,314 39,256 36,860
Cost of gas sold 16,748 7,801 61,440 42,646
Other operations and maintenance 41,639 41,026 83,143 83,554
Depreciation and amortization 9,530 9,712 19,154 19,336
Other general taxes 4,765 4,554 9,444 9,554
Income tax provision 7,569 7,635 20,439 16,604
Total Operating Expenses 111,112 99,523 253,446 228,886
Operating Income 17,176 17,698 42,079 37,594
Other Income and Deductions:        
AFUDC - equity funds 730 310 1,326 464
Equity in earnings in ATC 2,309 2,242 4,705 4,484
Income tax provision (1,141) (975) (1,922) (1,968)
Other income, net (430) (186) (289) (130)
Total Other Income and Deductions 1,468 1,391 3,820 2,850
Income before interest expense 18,644 19,089 45,899 40,444
Interest Expense:        
Interest on long-term debt 4,919 5,073 9,847 10,270
Other interest, net 1 (148) (36) (141)
AFUDC - borrowed funds (241) (126) (437) (189)
Net Interest Expense 4,679 4,799 9,374 9,940
Net Income Including Noncontrolling Interest 13,965 14,290 36,525 30,504
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,860) (6,080) (13,686) (12,152)
Net Income (Loss) $ 7,105 $ 8,210 $ 22,839 $ 18,352