XML 68 R46.htm IDEA: XBRL DOCUMENT v3.3.1.900
Noncontrolling Interest (Tables) - MGE [Member]
 12 Months Ended
Dec. 31, 2015
Noncontrolling Interest [Line Items]  
Noncontrolling Interest in Balance Sheet

The noncontrolling interest on MGE's consolidated balance sheets at December 31 was as follows:

(In thousands)20152014
MGE Power Elm Road (a)$79,113$72,537
MGE Power West Campus (a)37,60330,755
MGE Transco (b)23,59222,397
Total Noncontrolling Interest$140,308$125,689
Net Income Attributable to Noncontrolling Interest, Net of Tax

The net income attributable to noncontrolling interest, net of tax, for the years ended December 31, 2015, 2014, and 2013 was as follows:

(In thousands)201520142013
MGE Power Elm Road (a)$16,577$16,160$17,373
MGE Power West Campus (a)7,3487,6667,657
MGE Transco (b)2,1722,4842,408
Net Income Attributable to Noncontrolling Interest, Net of Tax$26,097$26,310$27,438

(a) MGE Power Elm Road and MGE Power West Campus are not subsidiaries of MGE; however, they have been consolidated in the consolidated financial statements of MGE (see Footnote 2). MGE Power Elm Road and MGE Power West Campus are 100% owned by MGE Power, and MGE Power is 100% owned by MGE Energy. MGE Energy's proportionate share of the equity and net income (through its wholly owned subsidiary MGE Power) of MGE Power Elm Road and MGE Power West Campus is classified within the MGE consolidated financial statements as noncontrolling interest.

(b) At December 31, 2015, MGE is the majority owner, and MGE Energy is the minority owner, of MGE Transco. MGE Energy's proportionate share of the equity and net income of MGE Transco is classified within the MGE consolidated financial statements as noncontrolling interest. In mid-2016, MGE is no longer expected to be the majority owner of MGE Transco. The change will have no effect on MGE Energy's consolidated financial statements; however, MGE Energy's proportionate share of the equity and net income of MGE Transco will be deconsolidated from MGE’s financial statements. No gain or loss is expected to be recognized on the date MGE ceases to have a controlling financial interest.