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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenues:        
Regulated electric revenues $ 112,869 $ 119,836 $ 308,418 $ 310,176
Regulated gas revenues 21,404 18,864 163,335 121,373
Nonregulated revenues 862 1,399 2,392 4,075
Total Operating Revenues 135,135 140,099 474,145 435,624
Operating Expenses:        
Fuel for electric generation 9,838 13,950 35,836 34,520
Purchased power 21,303 21,981 58,779 61,237
Cost of gas sold 11,039 8,819 107,679 70,259
Other operations and maintenance 37,587 41,134 118,267 124,670
Depreciation and amortization 10,376 9,710 30,191 28,864
Other general taxes 4,872 4,605 14,861 14,049
Income tax provision 14,286 14,692 39,585 37,030
Total Operating Expenses 95,015 100,199 365,613 333,599
Operating Income 40,120 39,900 108,532 102,025
Other Income and Deductions:        
Equity in earnings in ATC     7,306 7,045
Total Other Income and Deductions 2,636 3,750 10,736 9,770
Interest Expense:        
Net Interest Expense 5,141 4,605 14,550 13,937
Net Income (Loss) 23,329 24,353 65,133 60,828
MGE [Member]
       
Operating Revenues:        
Regulated electric revenues 112,875 119,836 308,435 310,176
Regulated gas revenues 21,410 18,864 163,351 121,373
Nonregulated revenues 862 1,399 2,392 4,075
Total Operating Revenues 135,147 140,099 474,178 435,624
Operating Expenses:        
Fuel for electric generation 9,841 13,950 35,843 34,520
Purchased power 21,307 21,981 58,790 61,237
Cost of gas sold 11,045 8,819 107,695 70,259
Other operations and maintenance 37,309 40,990 117,593 124,133
Depreciation and amortization 10,364 9,710 30,156 28,864
Other general taxes 4,872 4,605 14,861 14,049
Income tax provision 13,338 13,798 36,180 34,237
Total Operating Expenses 108,076 113,853 401,118 367,299
Operating Income 27,071 26,246 73,060 68,325
Other Income and Deductions:        
AFUDC - equity funds 255 852 3,306 2,178
Equity in earnings in ATC 2,423 2,340 7,306 7,045
Income tax provision (984) (880) (3,390) (2,802)
Other income, net (111) 407 (351) 118
Total Other Income and Deductions 1,583 2,719 6,871 6,539
Income before interest expense 28,654 28,965 79,931 74,864
Interest Expense:        
Interest on long-term debt 5,225 4,910 15,714 14,757
Other interest, net 44 5 52 (31)
AFUDC - borrowed funds (84) (281) (1,090) (718)
Net Interest Expense 5,185 4,634 14,676 14,008
Net Income Including Noncontrolling Interest 23,469 24,331 65,255 60,856
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,653) (6,861) (19,784) (20,547)
Net Income (Loss) $ 16,816 $ 17,470 $ 45,471 $ 40,309