Quarterly Summary of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Summary of Operations

Quarterly Summary of Operations - MGE Energy (unaudited).

(In thousands, except per share amounts)		Quarters Ended
2013		March 31		June 30		September 30		December 31
Operating revenues:
Regulated electric revenues	$	93,494	$	96,846	$	119,836	$	93,781
Regulated gas revenues		72,467		30,042		18,864		60,089
Nonregulated revenues		1,276		1,400		1,399		1,393
Total Operating Revenues		167,237		128,288		140,099		155,263
Operating expenses		129,609		103,791		100,199		129,301
Operating income		37,628		24,497		39,900		25,962
Interest and other income, net		(1,366)		(1,946)		(855)		(4,056)
Income tax provision		(13,678)		(8,660)		(14,692)		(7,829)
Earnings on common stock	$	22,584	$	13,891	$	24,353	$	14,077
Earnings per common share	$	0.65	$	0.40	$	0.70	$	0.41
Dividends per share	$	0.263	$	0.263	$	0.272	$	0.272
2012
Operating revenues:
Regulated electric revenues	$	89,936	$	96,339	$	118,914	$	87,176
Regulated gas revenues		57,019		18,629		16,587		47,492
Nonregulated revenues		2,304		2,253		2,337		2,337
Total Operating Revenues		149,259		117,221		137,838		137,005
Operating expenses		120,815		92,140		97,950		117,655
Operating income		28,444		25,081		39,888		19,350
Interest and other income, net		(2,534)		(2,215)		(1,993)		(2,656)
Income tax provision		(9,862)		(8,596)		(14,253)		(6,208)
Earnings on common stock	$	16,048	$	14,270	$	23,642	$	10,486
Earnings per common share	$	0.47	$	0.41	$	0.68	$	0.30
Dividends per share	$	0.255	$	0.255	$	0.263	$	0.263

Notes:

•The quarterly results of operations within a year may not be comparable because of seasonal and other factors.

•The sum of earnings per share of common stock for any four quarters may vary slightly from the earnings per share of common stock for the equivalent twelve-month period due to rounding.

•MGE Energy's operations are based primarily on its utility subsidiary MGE

•Per share amounts for all periods presented reflect the three-for-two stock split declared on December 20, 2013 effective in the form of a stock dividend distributed onFebruary 7, 2014.