Quarterly Summary of Operations

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Summary of Operations

Quarterly Summary of Operations - MGE Energy (unaudited).

(In thousands, except per share amounts)		Quarters Ended
2014		March 31		June 30		September 30		December 31
Operating revenues:
Regulated electric revenues	$	98,852	$	96,697	$	112,869	$	86,431
Regulated gas revenues		110,713		31,218		21,404		58,385
Nonregulated revenues		680		850		862		891
Total Operating Revenues		210,245		128,765		135,135		145,707
Operating expenses		166,274		104,324		95,015		116,141
Operating income		43,971		24,441		40,120		29,566
Interest and other income, net		11		(1,320)		(2,505)		(5,780)
Income tax provision		(16,265)		(9,034)		(14,286)		(8,600)
Earnings on common stock	$	27,717	$	14,087	$	23,329	$	15,186
Earnings per common share	$	0.80	$	0.41	$	0.67	$	0.44
Dividends per share	$	0.272	$	0.272	$	0.283	$	0.283
2013
Operating revenues:
Regulated electric revenues	$	93,494	$	96,846	$	119,836	$	93,781
Regulated gas revenues		72,467		30,042		18,864		60,089
Nonregulated revenues		1,276		1,400		1,399		1,393
Total Operating Revenues		167,237		128,288		140,099		155,263
Operating expenses		129,609		103,791		100,199		129,301
Operating income		37,628		24,497		39,900		25,962
Interest and other income, net		(1,366)		(1,946)		(855)		(4,056)
Income tax provision		(13,678)		(8,660)		(14,692)		(7,829)
Earnings on common stock	$	22,584	$	13,891	$	24,353	$	14,077
Earnings per common share	$	0.65	$	0.40	$	0.70	$	0.41
Dividends per share	$	0.263	$	0.263	$	0.272	$	0.272

Notes:

• The quarterly results of operations within a year may not be comparable because of seasonal and other factors.

• The sum of earnings per share of common stock for any four quarters may vary slightly from the earnings per share of common stock for the equivalent twelve-month period due to rounding.

• MGE Energy's operations are based primarily on its utility subsidiary MGE.