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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Revenues:    
Electric revenues $ 97,469 $ 94,867
Gas revenue 70,100 62,765
Total Operating Revenues 167,569 157,632
Operating Expenses:    
Fuel for electric generation 13,917 11,900
Purchased power 10,851 17,033
Cost of gas sold 43,253 39,626
Other operations and maintenance 46,934 44,393
Depreciation and amortization 17,139 13,623
Other general taxes 4,963 4,869
Total Operating Expenses 137,057 131,444
Operating Income 30,512 26,188
Other income, net 4,851 4,919
Interest expense, net (5,647) (4,739)
Income before income taxes 29,716 26,368
Income tax provision (5,709) (6,367)
Net Income 24,007 20,001
MGE [Member]    
Operating Revenues:    
Electric revenues 97,469 94,867
Gas revenue 70,100 62,765
Total Operating Revenues 167,569 157,632
Operating Expenses:    
Fuel for electric generation 13,917 11,900
Purchased power 10,851 17,033
Cost of gas sold 43,253 39,626
Other operations and maintenance 46,662 44,187
Depreciation and amortization 17,139 13,623
Other general taxes 4,963 4,869
Total Operating Expenses 136,785 131,238
Operating Income 30,784 26,394
Other income, net 2,207 2,497
Interest expense, net (5,995) (5,054)
Income before income taxes 26,996 23,837
Income tax provision (4,926) (5,581)
Net Income Including Noncontrolling Interest 22,070 18,256
Less Net Income Attributable to Noncontrolling Interest, net of tax (5,490) (5,806)
Net Income $ 16,580 $ 12,450