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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Revenues:        
Regulated electric revenues $ 96,697 $ 96,846 $ 195,549 $ 190,340
Regulated gas revenues 31,218 30,042 141,931 102,509
Nonregulated revenues 850 1,400 1,530 2,676
Total Operating Revenues 128,765 128,288 339,010 295,525
Operating Expenses:        
Fuel for electric generation 11,866 9,810 25,998 20,570
Purchased power 18,921 21,051 37,476 39,256
Cost of gas sold 18,132 16,748 96,640 61,440
Other operations and maintenance 40,208 41,887 80,680 83,536
Depreciation and amortization 10,069 9,530 19,815 19,154
Other general taxes 5,128 4,765 9,989 9,444
Income tax provision 9,034 8,660 25,299 22,338
Total Operating Expenses 104,324 103,791 270,598 233,400
Operating Income 24,441 24,497 68,412 62,125
Other Income and Deductions:        
Equity in earnings in ATC     4,883 4,705
Total Other Income and Deductions 3,548 2,711 8,100 6,020
Interest Expense:        
Net Interest Expense 4,868 4,657 9,409 9,332
Net Income (Loss) 14,087 13,891 41,804 36,475
MGE [Member]
       
Operating Revenues:        
Regulated electric revenues 96,702 96,846 195,560 190,340
Regulated gas revenues 31,223 30,042 141,941 102,509
Nonregulated revenues 850 1,400 1,530 2,676
Total Operating Revenues 128,775 128,288 339,031 295,525
Operating Expenses:        
Fuel for electric generation 11,868 9,810 26,002 20,570
Purchased power 18,925 21,051 37,483 39,256
Cost of gas sold 18,137 16,748 96,650 61,440
Other operations and maintenance 39,967 41,639 80,284 83,143
Depreciation and amortization 10,058 9,530 19,792 19,154
Other general taxes 5,128 4,765 9,989 9,444
Income tax provision 7,918 7,569 22,842 20,439
Total Operating Expenses 112,001 111,112 293,042 253,446
Operating Income 16,774 [1] 17,176 [1] 45,989 [1] 42,079 [1]
Other Income and Deductions:        
AFUDC - equity funds 1,101 730 3,051 1,326
Equity in earnings in ATC 2,402 2,309 4,883 4,705
Income tax provision (1,142) (1,141) (2,406) (1,922)
Other income, net (82) (430) (240) (289)
Total Other Income and Deductions 2,279 [1] 1,468 [1] 5,288 [1] 3,820 [1]
Income before interest expense 19,053 18,644 51,277 45,899
Interest Expense:        
Interest on long-term debt 5,240 4,919 10,489 9,847
Other interest, net 33 1 8 (36)
AFUDC - borrowed funds (363) (241) (1,006) (437)
Net Interest Expense 4,910 4,679 9,491 9,374
Net Income Including Noncontrolling Interest 14,143 13,965 41,786 36,525
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,621) (6,860) (13,131) (13,686)
Net Income (Loss) $ 7,522 $ 7,105 $ 28,655 $ 22,839
[1]
*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.