Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Operating Revenues:
Electric revenues	$ 99,282	$ 102,382		$ 194,149	$ 200,779
Gas revenues	24,980	24,081		87,745	82,507
Total Operating Revenues	124,262	126,463		281,894	283,286
Operating Expenses:
Fuel for electric generation	15,251	11,910		27,151	24,109
Purchased power	12,979	16,720		30,012	32,074
Cost of gas sold	9,562	9,231		49,188	45,015
Other operations and maintenance	43,453	44,880		87,846	88,644
Depreciation and amortization	13,872	13,275		27,495	26,234
Other general taxes	4,914	4,852		9,783	9,779
Total Operating Expenses	100,031	100,868		231,475	225,855
Operating Income	24,231	25,595		50,419	57,431
Other Income and Deductions:
Equity earnings in MGE Transco	1,990	2,486		4,441	5,094
Total Other Income and Deductions	4,731	3,570	[1]	9,650	7,095	[1]
Interest Expense:
Net Interest Expense	4,783	4,886		9,522	9,780
Net Income	18,351	15,543		38,352	34,843
MGE [Member]
Operating Revenues:
Electric revenues	99,282	102,382		194,149	200,783
Gas revenues	24,980	24,080		87,745	82,515
Total Operating Revenues	124,262	126,462		281,894	283,298
Operating Expenses:
Fuel for electric generation	15,251	11,910		27,151	24,111
Purchased power	12,979	16,720		30,012	32,076
Cost of gas sold	9,562	9,230		49,188	45,023
Other operations and maintenance	43,001	44,663		87,188	88,058
Depreciation and amortization	13,872	13,275		27,495	26,234
Other general taxes	4,914	4,852		9,783	9,779
Income tax provision	5,129	7,756		10,653	18,021
Total Operating Expenses	104,708	108,406		241,470	243,302
Operating Income	19,554	18,056	[2]	40,424	39,996	[2]
Other Income and Deductions:
AFUDC - equity funds	664	294		1,259	565
Income tax provision	(92)	(47)		(149)	(91)
Other income, net	1,650	845		3,552	1,843
Total Other Income and Deductions	2,222	1,092	[1],[2]	4,662	2,317	[1],[2]
Income before interest expense	21,776	19,148		45,086	42,313
Interest Expense:
Interest on long-term debt	5,191	5,013		10,397	10,056
Other interest, net	206	65		255	96
AFUDC - borrowed funds	(224)	(80)		(425)	(172)
Net Interest Expense	5,173	4,998		10,227	9,980
Net Income Including Noncontrolling Interest	16,603	14,150		34,859	32,333
Less Net Income Attributable to Noncontrolling Interest, net of tax	(5,505)	(5,396)		(11,311)	(10,785)
Net Income	$ 11,098	$ 8,754		$ 23,548	$ 21,548

[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.