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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues:      
Electric revenues $ 394,372 $ 408,980 $ 402,001
Gas revenues 144,261 159,875 157,767
Total Operating Revenues 538,633 568,855 559,768
Operating Expenses:      
Fuel for electric generation 41,684 51,954 56,141
Purchased power 42,883 41,474 50,807
Cost of gas sold 63,697 79,775 84,968
Other operations and maintenance 186,430 193,322 177,823
Depreciation and amortization 74,188 71,562 56,412
Other general taxes 19,754 19,858 19,410
Total Operating Expenses 428,636 457,945 445,561
Operating Income 109,997 110,910 114,207
Other income, net 25,365 18,811 17,055
Interest expense, net (23,521) (23,063) (19,609)
Income before income taxes 111,841 106,658 111,653
Income tax provision (19,423) (19,784) (27,434)
Net Income Including Noncontrolling Interest 92,418 86,874 84,219
Net Income $ 92,418 $ 86,874 $ 84,219
Earnings Per Share of Common Stock (basic and diluted) $ 2.60 $ 2.51 $ 2.43
Dividends per share of common stock $ 1.45 $ 1.38 $ 1.32
Weighted Average Shares Outstanding (basic and diluted) 35,612 34,668 34,668
MGE [Member]      
Operating Revenues:      
Electric revenues $ 394,372 $ 408,980 $ 402,001
Gas revenues 144,261 159,875 157,767
Total Operating Revenues 538,633 568,855 559,768
Operating Expenses:      
Fuel for electric generation 41,684 51,954 56,141
Purchased power 42,883 41,474 50,807
Cost of gas sold 63,697 79,775 84,968
Other operations and maintenance 185,450 192,440 176,762
Depreciation and amortization 74,188 71,562 56,412
Other general taxes 19,750 19,858 19,410
Total Operating Expenses 427,652 457,063 444,500
Operating Income 110,981 111,792 115,268
Other income, net 15,019 10,703 10,426
Interest expense, net (23,642) (24,298) (21,197)
Income before income taxes 102,358 98,197 104,497
Income tax provision (16,835) (17,418) (25,461)
Net Income Including Noncontrolling Interest 85,523 80,779 79,036
Less Net Income Attributable to Noncontrolling Interest, net of tax (22,393) (22,349) (22,552)
Net Income $ 63,130 $ 58,430 $ 56,484