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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, 2014
Mar. 31, 2013
Operating Revenues:    
Regulated electric revenues $ 98,852 $ 93,494
Regulated gas revenues 110,713 72,467
Nonregulated revenues 680 1,276
Total Operating Revenues 210,245 167,237
Operating Expenses:    
Fuel for electric generation 14,132 10,760
Purchased power 18,555 18,205
Cost of gas sold 78,508 44,692
Other operations and maintenance 40,472 41,649
Depreciation and amortization 9,746 9,624
Other general taxes 4,861 4,679
Income tax provision 16,265 13,678
Total Operating Expenses 166,274 129,609
Operating Income 43,971 37,628
Other Income and Deductions:    
Equity in earnings in ATC 2,481 2,396
Total Other Income and Deductions 4,552 3,309
Interest Expense:    
Net Interest Expense 4,541 4,675
Net Income (Loss) 27,717 22,584
MGE [Member]
   
Operating Revenues:    
Regulated electric revenues 98,858 93,494
Regulated gas revenues 110,718 72,467
Nonregulated revenues 680 1,276
Total Operating Revenues 210,256 167,237
Operating Expenses:    
Fuel for electric generation 14,134 10,760
Purchased power 18,558 18,205
Cost of gas sold 78,513 44,692
Other operations and maintenance 40,317 41,504
Depreciation and amortization 9,734 9,624
Other general taxes 4,861 4,679
Income tax provision 14,924 12,870
Total Operating Expenses 181,041 142,334
Operating Income 29,215 [1] 24,903 [1]
Other Income and Deductions:    
AFUDC - equity funds 1,950 596
Equity in earnings in ATC 2,481 2,396
Income tax provision (1,264) (781)
Other income, net (158) 141
Total Other Income and Deductions 3,009 [1] 2,352 [1]
Income before interest expense 32,224 27,255
Interest Expense:    
Interest on long-term debt 5,249 4,928
Other interest, net (25) (37)
AFUDC - borrowed funds (643) (196)
Net Interest Expense 4,581 4,695
Net Income Including Noncontrolling Interest 27,643 22,560
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,510) (6,826)
Net Income (Loss) $ 21,133 $ 15,734
[1]
*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.