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Madison Gas and Electric Company Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenues:      
Regulated electric revenues $ 412,528 $ 394,849 $ 403,957
Regulated gas revenues 143,737 221,720 181,462
Nonregulated revenues 7,763 3,283 5,468
Total Operating Revenues 564,028 619,852 590,887
Operating Expenses:      
Fuel for electric generation 53,858 42,828 46,062
Purchased power 81,224 73,232 80,830
Cost of gas sold 76,109 143,644 107,315
Other operations and maintenance 164,478 161,703 171,248
Depreciation and amortization 44,225 40,695 38,838
Other general taxes 19,879 19,652 18,607
Total Operating Expenses 439,773 481,754 462,900
Operating Income (Loss) 124,255 138,098 127,987
Other Income and Deductions:      
Equity in earnings in ATC 7,728 9,150 9,434
Total Other Income and Deductions 8,613 10,079 10,701
Interest Expense:      
Net Interest Expense 20,162 19,673 18,924
Net Income 71,343 80,319 74,905
MGE [Member]      
Operating Revenues:      
Regulated electric revenues 412,550 394,871 403,980
Regulated gas revenues 143,752 221,741 181,477
Nonregulated revenues 7,763 3,283 5,468
Total Operating Revenues 564,065 619,895 590,925
Operating Expenses:      
Fuel for electric generation 53,866 42,836 46,070
Purchased power 81,237 73,245 80,844
Cost of gas sold 76,124 143,665 107,330
Other operations and maintenance 163,622 160,831 170,498
Depreciation and amortization 44,178 40,648 38,834
Other general taxes 19,879 19,652 18,607
Income tax provision 38,159 45,090 41,519
Total Operating Expenses 477,065 525,967 503,702
Operating Income (Loss) [1] 87,000 93,928 87,223
Other Income and Deductions:      
AFUDC - equity funds 712 3,466 3,140
Equity in earnings in ATC 7,728 9,150 9,434
Income tax provision (3,247) (4,055) (4,303)
Other deductions, net (345) (704) (18)
Total Other Income and Deductions [1] 4,848 7,857 8,253
Income before interest expense 91,848 101,785 95,476
Interest Expense:      
Interest on long-term debt 20,520 20,927 20,087
Other interest, net 94 62 (21)
AFUDC - borrowed funds (231) (1,142) (1,035)
Net Interest Expense 20,383 19,847 19,031
Net Income Including Noncontrolling Interest 71,465 81,938 76,445
Less Net Income Attributable to Noncontrolling Interest, net of tax (26,097) (26,310) (27,438)
Net Income $ 45,368 $ 55,628 $ 49,007
[1] *Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.