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Segment Information
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information

Segment Information - MGE Energy and MGE.

 

MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See the 2020 Annual Report on Form 10-K for additional discussion of each of these segments.

The following tables show segment information for MGE Energy's operations for the indicated periods:

(In thousands)

MGE Energy

 

Electric

 

Gas

 

Nonregulated Energy

 

Transmission Investment

 

All Others

 

Consolidation/ Elimination

 

Consolidated Total

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues from external customers

$

100,609

$

67,270

$

36

$

-

$

-

$

-

$

167,915

Interdepartmental revenues

 

273

 

4,811

 

10,173

 

-

 

-

 

(15,257)

 

-

Total operating revenues

 

100,882

 

72,081

 

10,209

 

-

 

-

 

(15,257)

 

167,915

Equity in earnings of investments

 

-

 

-

 

-

 

2,444

 

-

 

-

 

2,444

Net income (loss)

 

18,024

 

10,556

 

5,194

 

1,778

 

(619)

 

-

 

34,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues from external customers

$

92,990

$

56,845

$

38

$

-

$

-

$

-

$

149,873

Interdepartmental revenues

 

191

 

3,451

 

10,056

 

-

 

-

 

(13,698)

 

-

Total operating revenues

 

93,181

 

60,296

 

10,094

 

-

 

-

 

(13,698)

 

149,873

Equity in earnings of investments

 

-

 

-

 

-

 

2,286

 

-

 

-

 

2,286

Net income (loss)

 

11,463

 

8,034

 

5,060

 

1,663

 

(183)

 

-

 

26,037

The following tables show segment information for MGE's operations for the indicated periods:

(In thousands)

MGE

 

Electric

 

Gas

 

Nonregulated Energy

 

Consolidation/ Elimination

 

Consolidated Total

 

Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

Operating revenues from external customers

$

100,609

$

67,270

$

36

$

-

$

167,915

 

Interdepartmental revenues

 

273

 

4,811

 

10,173

 

(15,257)

 

-

 

Total operating revenues

 

100,882

 

72,081

 

10,209

 

(15,257)

 

167,915

 

Net income attributable to MGE

 

18,024

 

10,556

 

5,194

 

(5,501)

 

28,273

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

 

Operating revenues from external customers

$

92,990

$

56,845

$

38

$

-

$

149,873

 

Interdepartmental revenues

 

191

 

3,451

 

10,056

 

(13,698)

 

-

 

Total operating revenues

 

93,181

 

60,296

 

10,094

 

(13,698)

 

149,873

 

Net income attributable to MGE

 

11,463

 

8,034

 

5,060

 

(5,493)

 

19,064