Noncontrolling Interest

12 Months Ended

Dec. 31, 2016

Noncontrolling Interest [Line Items]

Noncontrolling Interest - MGE.

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

(In thousands)		2016		2015
MGE Power Elm Road^(a)	$	80,362	$	79,113
MGE Power West Campus^(a)		35,303		37,603
MGE Transco^(b)		-		23,592
Total Noncontrolling Interest	$	115,665	$	140,308

The net income attributable to noncontrolling interest, net of tax, for the years ended December 31, 2016, 2015, and 2014 was as follows:

(In thousands)		2016		2015		2014
MGE Power Elm Road^(a)	$	14,748	$	16,577	$	16,160
MGE Power West Campus^(a)		7,200		7,348		7,666
MGE Transco^(b)		1,410		2,172		2,484
Net Income Attributable to Noncontrolling Interest, Net of Tax	$	23,358	$	26,097	$	26,310

(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, 2016, MGE Energy is the owner of MGE Transco. In July 2016, MGE's ownership interest in MGE Transco declined below a majority as a result of continued funding of ATC capital contributions by MGE Energy. As a result of the change in majority ownership in MGE Transco, MGE deconsolidated MGE Energy's proportionate share of the equity in MGE Transco. The change in consolidation was applied prospectively by reducing its investment and noncontrolling interest on MGE's consolidated financial statements. The change had no effect on MGE Energy's consolidated financial statements; however, MGE Energy's proportionate share of the equity and net income of MGE Transco classified as noncontrolling interest was deconsolidated from MGE's financial statements. No gain or loss was recognized in July 2016 due to MGE ceasing to have a controlling financial interest.