Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information - MGE Energy and MGE.

MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See MGE Energy's and MGE's 2013 Annual Report on Form 10-K for additional discussion of each of these segments.

The following tables show segment information for MGE Energy's operations for the indicated periods:

(In thousands)MGE Energy		Electric		Gas		Non- Regulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2014
Operating revenues	$	96,697	$	31,218	$	850	$	-	$	-	$	-	$	128,765
Interdepartmental revenues		127		1,892		10,673		-		-		(12,692)		-
Total operating revenues		96,824		33,110		11,523		-		-		(12,692)		128,765
Depreciation and amortization		(6,641)		(1,562)		(1,855)		-		(11)		-		(10,069)
Other operating expenses		(76,812)		(29,865)		(30)		-		(240)		12,692		(94,255)
Operating income (loss)		13,371		1,683		9,638		-		(251)		-		24,441
Other (deductions) income, net		1,036		(17)		-		2,402		127		-		3,548
Interest (expense) income, net		(2,534)		(817)		(1,559)		-		42		-		(4,868)
Income (loss) before taxes		11,873		849		8,079		2,402		(82)		-		23,121
Income tax (provision) benefit		(4,491)		(364)		(3,242)		(963)		26		-		(9,034)
Net income (loss)	$	7,382	$	485	$	4,837	$	1,439	$	(56)	$	-	$	14,087
Three Months Ended June 30, 2013
Operating revenues	$	96,846	$	30,042	$	1,400	$	-	$	-	$	-	$	128,288
Interdepartmental revenues		129		2,816		10,691		-		-		(13,636)		-
Total operating revenues		96,975		32,858		12,091		-		-		(13,636)		128,288
Depreciation and amortization		(6,314)		(1,435)		(1,781)		-		-		-		(9,530)
Other operating expenses		(78,051)		(29,572)		(26)		-		(248)		13,636		(94,261)
Operating income (loss)		12,610		1,851		10,284		-		(248)		-		24,497
Other (deductions) income, net		485		(185)		-		2,309		102		-		2,711
Interest (expense) income, net		(2,315)		(759)		(1,605)		-		22		-		(4,657)
Income (loss) before taxes		10,780		907		8,679		2,309		(124)		-		22,551
Income tax (provision) benefit		(3,694)		(606)		(3,483)		(927)		50		-		(8,660)
Net income (loss)	$	7,086	$	301	$	5,196	$	1,382	$	(74)	$	-	$	13,891
Six Months Ended June 30, 2014
Operating revenues	$	195,549	$	141,931	$	1,530	$	-	$	-	$	-	$	339,010
Interdepartmental revenues		245		5,516		21,343		-		-		(27,104)		-
Total operating revenues		195,794		147,447		22,873		-		-		(27,104)		339,010
Depreciation and amortization		(12,978)		(3,125)		(3,689)		-		(23)		-		(19,815)
Other operating expenses		(154,713)		(122,708)		(70)		-		(396)		27,104		(250,783)
Operating income (loss)		28,103		21,614		19,114		-		(419)		-		68,412
Other (deductions) income, net		2,863		(52)		-		4,883		406		-		8,100
Interest (expense) income, net		(4,739)		(1,621)		(3,131)		-		82		-		(9,409)
Income before taxes		26,227		19,941		15,983		4,883		69		-		67,103
Income tax provision		(8,844)		(8,029)		(6,414)		(1,961)		(51)		-		(25,299)
Net income	$	17,383	$	11,912	$	9,569	$	2,922	$	18	$	-	$	41,804
Six Months Ended June 30, 2013
Operating revenues	$	190,340	$	102,509	$	2,676	$	-	$	-	$	-	$	295,525
Interdepartmental revenues		238		7,692		21,264		-		-		(29,194)		-
Total operating revenues		190,578		110,201		23,940		-		-		(29,194)		295,525
Depreciation and amortization		(12,714)		(2,860)		(3,580)		-		-		-		(19,154)
Other operating expenses		(152,976)		(90,009)		(63)		-		(392)		29,194		(214,246)
Operating income (loss)		24,888		17,332		20,297		-		(392)		-		62,125
Other (deductions) income, net		1,060		(23)		-		4,705		278		-		6,020
Interest (expense) income, net		(4,719)		(1,437)		(3,218)		-		42		-		(9,332)
Income (loss) before taxes		21,229		15,872		17,079		4,705		(72)		-		58,813
Income tax (provision) benefit		(7,127)		(6,595)		(6,740)		(1,898)		22		-		(22,338)
Net income (loss)	$	14,102	$	9,277	$	10,339	$	2,807	$	(50)	$	-	$	36,475

The following tables show segment information for MGE's operations for the indicated periods:

(In thousands)MGE		Electric		Gas		Non- Regulated Energy		Transmission Investment		Consolidation/ Elimination Entries		Consolidated Total
Three Months Ended June 30, 2014
Operating revenues	$	96,702	$	31,223	$	850	$	-	$	-	$	128,775
Interdepartmental revenues		122		1,887		10,673		-		(12,682)		-
Total operating revenues		96,824		33,110		11,523		-		(12,682)		128,775
Depreciation and amortization		(6,641)		(1,562)		(1,855)		-		-		(10,058)
Other operating expenses*		(81,165)		(30,188)		(3,272)		-		12,682		(101,943)
Operating income*		9,018		1,360		6,396		-		-		16,774
Other (deductions) income, net*		898		(58)		-		1,439		-		2,279
Interest expense, net		(2,534)		(817)		(1,559)		-		-		(4,910)
Net income		7,382		485		4,837		1,439		-		14,143
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,621)		(6,621)
Net income attributable to MGE	$	7,382	$	485	$	4,837	$	1,439	$	(6,621)	$	7,522
Three Months Ended June 30, 2013
Operating revenues	$	96,846	$	30,042	$	1,400	$	-	$	-	$	128,288
Interdepartmental revenues		129		2,816		10,691		-		(13,636)		-
Total operating revenues		96,975		32,858		12,091		-		(13,636)		128,288
Depreciation and amortization		(6,314)		(1,435)		(1,781)		-		-		(9,530)
Other operating expenses*		(81,579)		(30,130)		(3,509)		-		13,636		(101,582)
Operating income*		9,082		1,293		6,801		-		-		17,176
Other (deductions) income, net*		319		(233)		-		1,382		-		1,468
Interest expense, net		(2,315)		(759)		(1,605)		-		-		(4,679)
Net income		7,086		301		5,196		1,382		-		13,965
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,860)		(6,860)
Net income attributable to MGE	$	7,086	$	301	$	5,196	$	1,382	$	(6,860)	$	7,105
Six Months Ended June 30, 2014
Operating revenues	$	195,560	$	141,941	$	1,530	$	-	$	-	$	339,031
Interdepartmental revenues		234		5,506		21,343		-		(27,083)		-
Total operating revenues		195,794		147,447		22,873		-		(27,083)		339,031
Depreciation and amortization		(12,978)		(3,125)		(3,689)		-		-		(19,792)
Other operating expenses*		(163,211)		(130,638)		(6,484)		-		27,083		(273,250)
Operating income*		19,605		13,684		12,700		-		-		45,989
Other (deductions) income, net*		2,517		(151)		-		2,922		-		5,288
Interest expense, net		(4,739)		(1,621)		(3,131)		-		-		(9,491)
Net income		17,383		11,912		9,569		2,922		-		41,786
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(13,131)		(13,131)
Net income attributable to MGE	$	17,383	$	11,912	$	9,569	$	2,922	$	(13,131)	$	28,655
Six Months Ended June 30, 2013
Operating revenues	$	190,340	$	102,509	$	2,676	$	-	$	-	$	295,525
Interdepartmental revenues		238		7,692		21,264		-		(29,194)		-
Total operating revenues		190,578		110,201		23,940		-		(29,194)		295,525
Depreciation and amortization		(12,714)		(2,860)		(3,580)		-		-		(19,154)
Other operating expenses*		(160,085)		(96,598)		(6,803)		-		29,194		(234,292)
Operating income*		17,779		10,743		13,557		-		-		42,079
Other (deductions) income, net*		1,042		(29)		-		2,807		-		3,820
Interest expense, net		(4,719)		(1,437)		(3,218)		-		-		(9,374)
Net income		14,102		9,277		10,339		2,807		-		36,525
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(13,686)		(13,686)
Net income attributable to MGE	$	14,102	$	9,277	$	10,339	$	2,807	$	(13,686)	$	22,839
*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.

The following table shows segment information for MGE Energy's and MGE's assets and capital expenditures:
		Utility						Consolidated
(In thousands)MGE Energy		Electric		Gas		Assets not Allocated		Nonregulated Energy		Transmission Investment		All Others		Consolidation/ Elimination Entries		Total
Assets:
June 30, 2014	$	915,507	$	247,229	$	31,187	$	286,855	$	66,617	$	438,134	$	(388,566)	$	1,596,963
December 31, 2013		899,257		265,694		19,853		288,116		64,504		431,436		(389,800)		1,579,060
Capital Expenditures:
Six Months Ended June 30, 2014	$	34,133	$	7,289	$	-	$	850	$	-	$	-	$	-	$	42,272
Year ended Dec. 31, 2013		100,146		15,554		-		3,347		-		-		-		119,047

		Utility						Consolidated
(In thousands)MGE		Electric		Gas		Assets not Allocated		Nonregulated Energy		Transmission Investment		Elimination Entries		Total
Assets:
June 30, 2014	$	915,507	$	247,229	$	31,187	$	286,805	$	66,617	$	(6,756)	$	1,540,589
December 31, 2013		899,257		265,694		19,853		288,066		64,504		(6,731)		1,530,643
Capital Expenditures:
Six Months Ended June 30, 2014	$	34,133	$	7,289	$	-	$	850	$	-	$	-	$	42,272
Year ended Dec. 31, 2013		100,146		15,554		-		3,347		-		-		119,047