a. Equity Method Investments, Available for Sale Securities, and Other Investments.

		MGE Energy				MGE
(In thousands)		2013		2012		2013		2012
Available for sale securities:
Cost basis	$	1,736	$	1,575	$	490	$	490
Gross unrealized gains		629		161		321		10
Gross unrealized losses		0		(3)		0		(3)
Fair value	$	2,365	$	1,733	$	811	$	497
Equity method investments:
ATC	$	64,488	$	61,038	$	64,488	$	61,038
Other		1,099		20		0		20
Total equity method investments	$	65,587	$	61,058	$	64,488	$	61,058
Other investments		0		1,804		0		0
Total	$	67,952	$	64,595	$	65,299	$	61,555

MGE Energy's and MGE's available for sale securities represent publicly traded securities and private equity investments in common stock of companies in various industries.

During the year ended December 31, certain investments were liquidated. As a result of these liquidations, MGE Energy and MGE received the following:

ATC owns and operates electric transmission facilities primarily in Wisconsin. MGE received an interest in ATC when it, like other Wisconsin electric utilities, contributed its electric transmission facilities to ATC as required by Wisconsin law. That interest is presently held by MGE Transco, which is jointly owned by MGE Energy and MGE.

MGE Transco has accounted for its investment in ATC under the equity method of accounting. For the years ended December 31, 2013, 2012, and 2011, MGE Transco recorded equity earnings from the investment in ATC of $9.4 million, $9.1 million, and $8.6 million, respectively. Dividends received from ATC were $7.4 million, $7.1 million, and $6.7 million for the years ended December 31, 2013, 2012, and 2011, respectively. During the years ended December 31, 2013, 2012, and 2011, MGE Transco made $1.4 million, $2.1 million, and $0.9 million, respectively, in capital contributions to ATC. On January 31, 2014, MGE Transco made a $0.5 million capital contribution to ATC.

At December 31, 2013 and 2012, MGE Transco held a 3.6% ownership interest in ATC. MGE Transco's investment balance is different from the amount of the underlying equity in the net assets of ATC. This difference is attributable to the allocation of certain tax impacts related to the initial asset transfer.

At December 31, 2013 and 2012, MGE is the majority owner, and MGE Energy, the holding company, is the minority owner of MGE Transco. MGE Energy's proportionate share of the equity and net income of MGE Transco is classified within the MGE financial statements as noncontrolling interest.

ATC's summarized financial data for the years ended December 31, 2013, 2012, and 2011 is as follows:

(In thousands)
Income statement data for the year ended December 31,		2013		2012		2011
Operating revenues	$	626,336	$	603,254	$	567,174
Operating expenses		(295,069)		(280,999)		(261,568)
Other income (expense)		831		(2,533)		(1,332)
Interest expense, net		(84,484)		(82,296)		(80,359)
Earnings before members' income taxes	$	247,614	$	237,426	$	223,915

Balance sheet data as of December 31,		2013		2012		2011
Current assets	$	80,715	$	63,134	$	58,671
Noncurrent assets		3,509,517		3,274,704		3,053,742
Total assets	$	3,590,232	$	3,337,838	$	3,112,413

Current liabilities	$	381,467	$	251,541	$	298,473
Long-term debt		1,550,000		1,550,000		1,400,005
Other noncurrent liabilities		126,167		95,829		82,647
Members' equity		1,532,598		1,440,468		1,331,288
Total members' equity and liabilities	$	3,590,232	$	3,337,838	$	3,112,413