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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues:    
Electric revenues $ 93,690 $ 100,206
Gas revenues 53,837 69,928
Total Operating Revenues 147,527 170,134
Operating Expenses:    
Fuel for electric generation 12,013 11,892
Purchased power 14,670 22,865
Cost of gas sold 32,523 46,919
Other operations and maintenance 42,730 40,674
Depreciation and amortization 11,032 10,849
Other general taxes 5,028 5,084
Income tax provision 9,945 10,587
Total Operating Expenses 117,996 138,283
Operating Income 29,531 31,851
Other Income and Deductions:    
Equity in earnings in ATC 2,233 1,881
Total Other Income and Deductions 2,442 2,105
Interest Expense:    
Net Interest Expense 5,000 5,091
Net Income 17,028 18,278
MGE [Member]    
Operating Revenues:    
Electric revenues 93,696 100,211
Gas revenues 53,847 69,933
Total Operating Revenues 147,543 170,144
Operating Expenses:    
Fuel for electric generation 12,016 11,894
Purchased power 14,674 22,868
Cost of gas sold 32,534 46,923
Other operations and maintenance 42,402 40,472
Depreciation and amortization 11,020 10,837
Other general taxes 5,028 5,084
Income tax provision 9,090 9,776
Total Operating Expenses 126,764 147,854
Operating Income [1] 20,779 22,290
Other Income and Deductions:    
AFUDC - equity funds 261 128
Equity in earnings in ATC 2,233 1,881
Income tax provision (942) (808)
Other expense, net (73) (39)
Total Other Income and Deductions [1] 1,479 1,162
Income before interest expense 22,258 23,452
Interest Expense:    
Interest on long-term debt 5,109 5,151
Other interest, net 37 32
AFUDC - borrowed funds (85) (42)
Net Interest Expense 5,061 5,141
Net Income Including Noncontrolling Interest 17,197 18,311
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,252) (6,553)
Net Income $ 10,945 $ 11,758
[1] *Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statement of Income.