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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues:    
Electric revenues $ 98,397 $ 93,690
Gas revenues 58,426 53,837
Total Operating Revenues 156,823 147,527
Operating Expenses:    
Fuel for electric generation 12,199 12,013
Purchased power 15,354 14,670
Cost of gas sold 35,784 32,523
Other operations and maintenance 42,690 42,730
Depreciation and amortization 12,959 11,032
Other general taxes 4,927 5,028
Total Operating Expenses 123,913 117,996
Operating Income 32,910 29,531
Other Income and Deductions:    
Equity earnings in MGE Transco 2,608 2,233
Total Other Income and Deductions 2,451 2,442
Interest Expense:    
Net Interest Expense 4,894 5,000
Net Income 19,300 17,028
MGE [Member]    
Operating Revenues:    
Electric revenues 98,401 93,696
Gas revenues 58,435 53,847
Total Operating Revenues 156,836 147,543
Operating Expenses:    
Fuel for electric generation 12,201 12,016
Purchased power 15,356 14,674
Cost of gas sold 35,793 32,534
Other operations and maintenance 42,321 42,402
Depreciation and amortization 12,959 11,020
Other general taxes 4,927 5,028
Income tax provision 10,265 9,090
Total Operating Expenses 133,822 126,764
Operating Income [1] 23,014 20,779
Other Income and Deductions:    
AFUDC - equity funds 271 261
Equity earnings in MGE Transco 0 2,233
Income tax provision (44) (942)
Other expense, net (76) (73)
Total Other Income and Deductions [1] 151 1,479
Income before interest expense 23,165 22,258
Interest Expense:    
Interest on long-term debt 5,043 5,109
Other interest, net 31 37
AFUDC - borrowed funds (92) (85)
Net Interest Expense 4,982 5,061
Net Income Including Noncontrolling Interest 18,183 17,197
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,389) (6,252)
Net Income $ 12,794 $ 10,945
[1]
Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.