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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating Revenues:        
Regulated electric revenues $ 119,836 $ 118,914 $ 310,176 $ 305,189
Regulated gas revenues 18,864 16,587 121,373 92,235
Nonregulated revenues 1,399 2,337 4,075 6,894
Total Operating Revenues 140,099 137,838 435,624 404,318
Operating Expenses:        
Fuel for electric generation 13,950 16,395 34,520 36,727
Purchased power 21,981 18,102 61,237 54,962
Cost of gas sold 8,819 7,389 70,259 50,035
Other operations and maintenance 41,134 41,975 124,670 126,202
Depreciation and amortization 9,710 9,706 28,864 29,042
Other general taxes 4,605 4,383 14,049 13,937
Income tax provision 14,692 14,253 37,030 32,711
Total Operating Expenses 100,199 97,950 333,599 310,905
Operating Income 39,900 39,888 102,025 93,413
Other Income and Deductions:        
Equity in earnings in ATC     7,045 6,764
Total Other Income and Deductions 3,750 2,856 9,770 7,975
Interest Expense:        
Net Interest Expense 4,605 4,849 13,937 14,717
Net Income (Loss) 24,353 23,642 60,828 53,960
MGE [Member]
       
Operating Revenues:        
Regulated electric revenues 119,836 118,914 310,176 305,189
Regulated gas revenues 18,864 16,587 121,373 92,235
Nonregulated revenues 1,399 2,337 4,075 6,894
Total Operating Revenues 140,099 137,838 435,624 404,318
Operating Expenses:        
Fuel for electric generation 13,950 16,395 34,520 36,727
Purchased power 21,981 18,102 61,237 54,962
Cost of gas sold 8,819 7,389 70,259 50,035
Other operations and maintenance 40,990 41,766 124,133 125,320
Depreciation and amortization 9,710 9,706 28,864 29,042
Other general taxes 4,605 4,384 14,049 13,938
Income tax provision 13,798 13,669 34,237 30,273
Total Operating Expenses 113,853 111,411 367,299 340,297
Operating Income 26,246 26,427 68,325 64,021
Other Income and Deductions:        
AFUDC - equity funds 852 514 2,178 978
Equity in earnings in ATC 2,340 2,280 7,045 6,764
Income tax provision (880) (587) (2,802) (2,555)
Other income, net 407 (77) 118 (207)
Total Other Income and Deductions 2,719 2,130 6,539 4,980
Income before interest expense 28,965 28,557 74,864 69,001
Interest Expense:        
Interest on long-term debt 4,910 5,065 14,757 15,335
Other interest, net 5 25 (31) (116)
AFUDC - borrowed funds (281) (209) (718) (398)
Net Interest Expense 4,634 4,881 14,008 14,821
Net Income Including Noncontrolling Interest 24,331 23,676 60,856 54,180
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,861) (6,153) (20,547) (18,305)
Net Income (Loss) $ 17,470 $ 17,523 $ 40,309 $ 35,875