Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Operating Revenues:
Electric revenues		$ 94,867	$ 98,397
Gas revenues		62,765	58,426
Total Operating Revenues		157,632	156,823
Operating Expenses:
Fuel for electric generation		11,900	12,199
Purchased power		17,033	15,354
Cost of gas sold		39,626	35,784
Other operations and maintenance		44,393	43,764
Depreciation and amortization		13,623	12,959
Other general taxes		4,869	4,927
Total Operating Expenses		131,444	124,987
Operating Income		26,188	31,836
Other Income and Deductions:
Equity earnings in MGE Transco		2,451	2,608
Total Other Income and Deductions		4,919	3,525	[1]
Interest Expense:
Net Interest Expense		4,739	4,894
Net Income		20,001	19,300
MGE [Member]
Operating Revenues:
Electric revenues		94,867	98,401
Gas revenues		62,765	58,435
Total Operating Revenues		157,632	156,836
Operating Expenses:
Fuel for electric generation		11,900	12,201
Purchased power		17,033	15,356
Cost of gas sold		39,626	35,793
Other operations and maintenance		44,187	43,395
Depreciation and amortization		13,623	12,959
Other general taxes		4,869	4,927
Income tax provision		5,524	10,265
Total Operating Expenses		136,762	134,896
Operating Income	[2]	20,870	21,940
Other Income and Deductions:
AFUDC - equity funds		595	271
Income tax provision		(57)	(44)
Other income, net		1,902	998
Total Other Income and Deductions	[2]	2,440	1,225	[1]
Income before interest expense		23,310	23,165
Interest Expense:
Interest on long-term debt		5,206	5,043
Other interest, net		49	31
AFUDC - borrowed funds		(201)	(92)
Net Interest Expense		5,054	4,982
Net Income Including Noncontrolling Interest		18,256	18,183
Less Net Income Attributable to Noncontrolling Interest, net of tax		(5,806)	(5,389)
Net Income		$ 12,450	$ 12,794

[1] Reflects retrospective application of new accounting pronouncement related to pension and other postretirement benefits, see Footnote 2 for further information.

[2] Amounts are shown net of the related tax expense, consistent with the presentation on the MGE Consolidated Statements of Income.