Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

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 September 30, 2014
Operating revenues	$	112,869	$	21,404	$	862	$	-	$	-	$	-	$	135,135
Interdepartmental revenues		156		1,614		10,674		-		-		(12,444)		-
Total operating revenues		113,025		23,018		11,536		-		-		(12,444)		135,135
Depreciation and amortization		(6,931)		(1,575)		(1,858)		-		(12)		-		(10,376)
Other operating expenses		(74,573)		(22,199)		(35)		-		(276)		12,444		(84,639)
Operating income (loss)		31,521		(756)		9,643		-		(288)		-		40,120
Other income, net		136		8		-		2,423		69		-		2,636
Interest (expense) income, net		(2,832)		(808)		(1,545)		-		44		-		(5,141)
Income (loss) before taxes		28,825		(1,556)		8,098		2,423		(175)		-		37,615
Income tax (provision) benefit		(10,758)		651		(3,251)		(963)		35		-		(14,286)
Net income (loss)	$	18,067	$	(905)	$	4,847	$	1,460	$	(140)	$	-	$	23,329

Three Months Ended September 30, 2013
Operating revenues	$	119,836	$	18,864	$	1,399	$	-	$	-	$	-	$	140,099
Interdepartmental revenues		172		2,757		10,660		-		-		(13,589)		-
Total operating revenues		120,008		21,621		12,059		-		-		(13,589)		140,099
Depreciation and amortization		(6,425)		(1,497)		(1,788)		-		-		-		(9,710)
Other operating expenses		(82,414)		(21,485)		(33)		(1)		(145)		13,589		(90,489)
Operating income (loss)		31,169		(1,361)		10,238		(1)		(145)		-		39,900
Other income, net		1,166		92		-		2,340		152		-		3,750
Interest (expense) income, net		(2,309)		(729)		(1,596)		-		29		-		(4,605)
Income (loss) before taxes		30,026		(1,998)		8,642		2,339		36		-		39,045
Income tax (provision) benefit		(11,021)		751		(3,469)		(939)		(14)		-		(14,692)
Net income (loss)	$	19,005	$	(1,247)	$	5,173	$	1,400	$	22	$	-	$	24,353

Nine Months Ended September 30, 2014
Operating revenues	$	308,418	$	163,335	$	2,392	$	-	$	-	$	-	$	474,145
Interdepartmental revenues		401		7,130		32,017		-		-		(39,548)		-
Total operating revenues		308,819		170,465		34,409		-		-		(39,548)		474,145
Depreciation and amortization		(19,909)		(4,700)		(5,547)		-		(35)		-		(30,191)
Other operating expenses		(229,286)		(144,907)		(105)		-		(672)		39,548		(335,422)
Operating income (loss)		59,624		20,858		28,757		-		(707)		-		108,532
Other (deductions) income, net		2,999		(44)		-		7,306		475		-		10,736
Interest (expense) income, net		(7,571)		(2,429)		(4,676)		-		126		-		(14,550)
Income (loss) before taxes		55,052		18,385		24,081		7,306		(106)		-		104,718
Income tax provision		(19,602)		(7,378)		(9,665)		(2,924)		(16)		-		(39,585)
Net income (loss)	$	35,450	$	11,007	$	14,416	$	4,382	$	(122)	$	-	$	65,133

Nine Months Ended September 30, 2013
Operating revenues	$	310,176	$	121,373	$	4,075	$	-	$	-	$	-	$	435,624
Interdepartmental revenues		410		10,449		31,924		-		-		(42,783)		-
Total operating revenues		310,586		131,822		35,999		-		-		(42,783)		435,624
Depreciation and amortization		(19,139)		(4,357)		(5,368)		-		-		-		(28,864)
Other operating expenses		(235,390)		(111,494)		(96)		(1)		(537)		42,783		(304,735)
Operating income (loss)		56,057		15,971		30,535		(1)		(537)		-		102,025
Other income, net		2,226		69		-		7,045		430		-		9,770
Interest (expense) income, net		(7,028)		(2,166)		(4,814)		-		71		-		(13,937)
Income (loss) before taxes		51,255		13,874		25,721		7,044		(36)		-		97,858
Income tax (provision) benefit		(18,148)		(5,844)		(10,209)		(2,837)		8		-		(37,030)
Net income (loss)	$	33,107	$	8,030	$	15,512	$	4,207	$	(28)	$	-	$	60,828

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 September 30, 2014
Operating revenues	$	112,875	$	21,410	$	862	$	-	$	-	$	135,147
Interdepartmental revenues		150		1,608		10,674		-		(12,432)		-
Total operating revenues		113,025		23,018		11,536		-		(12,432)		135,147
Depreciation and amortization		(6,931)		(1,575)		(1,858)		-		-		(10,364)
Other operating expenses*		(85,314)		(21,544)		(3,286)		-		12,432		(97,712)
Operating income (loss)*		20,780		(101)		6,392		-		-		27,071
Other income, net*		119		4		-		1,460		-		1,583
Interest expense, net		(2,832)		(808)		(1,545)		-		-		(5,185)
Net income (loss)		18,067		(905)		4,847		1,460		-		23,469
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,653)		(6,653)
Net income (loss) attributable to MGE	$	18,067	$	(905)	$	4,847	$	1,460	$	(6,653)	$	16,816

Three Months Ended September 30, 2013
Operating revenues	$	119,836	$	18,864	$	1,399	$	-	$	-	$	140,099
Interdepartmental revenues		172		2,757		10,660		-		(13,589)		-
Total operating revenues		120,008		21,621		12,059		-		(13,589)		140,099
Depreciation and amortization		(6,425)		(1,497)		(1,788)		-		-		(9,710)
Other operating expenses*		(93,481)		(20,748)		(3,502)		(1)		13,589		(104,143)
Operating income (loss)*		20,102		(624)		6,769		(1)		-		26,246
Other income, net*		1,212		106		-		1,401		-		2,719
Interest expense, net		(2,309)		(729)		(1,596)		-		-		(4,634)
Net income (loss)		19,005		(1,247)		5,173		1,400		-		24,331
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(6,861)		(6,861)
Net income (loss) attributable to MGE	$	19,005	$	(1,247)	$	5,173	$	1,400	$	(6,861)	$	17,470

Nine Months Ended September 30, 2014
Operating revenues	$	308,435	$	163,351	$	2,392	$	-	$	-	$	474,178
Interdepartmental revenues		384		7,114		32,017		-		(39,515)		-
Total operating revenues		308,819		170,465		34,409		-		(39,515)		474,178
Depreciation and amortization		(19,909)		(4,700)		(5,547)		-		-		(30,156)
Other operating expenses*		(248,525)		(152,182)		(9,770)		-		39,515		(370,962)
Operating income*		40,385		13,583		19,092		-		-		73,060
Other (deductions) income, net*		2,636		(147)		-		4,382		-		6,871
Interest expense, net		(7,571)		(2,429)		(4,676)		-		-		(14,676)
Net income		35,450		11,007		14,416		4,382		-		65,255
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(19,784)		(19,784)
Net income attributable to MGE	$	35,450	$	11,007	$	14,416	$	4,382	$	(19,784)	$	45,471

Nine Months Ended September 30, 2013
Operating revenues	$	310,176	$	121,373	$	4,075	$	-	$	-	$	435,624
Interdepartmental revenues		410		10,449		31,924		-		(42,783)		-
Total operating revenues		310,586		131,822		35,999		-		(42,783)		435,624
Depreciation and amortization		(19,139)		(4,357)		(5,368)		-		-		(28,864)
Other operating expenses*		(253,566)		(117,346)		(10,305)		(1)		42,783		(338,435)
Operating income (loss)*		37,881		10,119		20,326		(1)		-		68,325
Other income, net*		2,254		77		-		4,208		-		6,539
Interest expense, net		(7,028)		(2,166)		(4,814)		-		-		(14,008)
Net income		33,107		8,030		15,512		4,207		-		60,856
Less: Net income attributable to
noncontrolling interest, net of tax		-		-		-		-		(20,547)		(20,547)
Net income attributable to MGE	$	33,107	$	8,030	$	15,512	$	4,207	$	(20,547)	$	40,309
*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:
September 30, 2014	$	914,839	$	263,688	$	30,962	$	307,599	$	67,476	$	443,898	$	(408,566)	$	1,619,896
December 31, 2013		899,257		265,694		19,853		288,116		64,504		431,436		(389,800)		1,579,060
Capital Expenditures:
Nine Months Ended September 30, 2014	$	50,033	$	14,599	$	-	$	1,506	$	-	$	-	$	-	$	66,138
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:
September 30, 2014	$	917,503	$	262,237	$	30,778	$	286,600	$	67,476	$	(5,892)	$	1,558,702
December 31, 2013		899,257		265,694		19,853		288,066		64,504		(6,731)		1,530,643
Capital Expenditures:
Nine Months Ended September 30, 2014	$	50,033	$	14,599	$	-	$	1,506	$	-	$	-	$	66,138
Year ended Dec. 31, 2013		100,146		15,554		-		3,347		-		-		119,047

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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