Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017		Sep. 30, 2018	Sep. 30, 2017
Operating Revenues:
Electric revenues	$ 119,388	$ 120,761		$ 313,537	$ 321,540
Gas revenue	18,407	18,778		106,152	101,285
Total Operating Revenues	137,795	139,539		419,689	422,825
Operating Expenses:
Fuel for electric generation	16,793	15,829		43,944	39,938
Purchased power	13,024	15,984		43,036	48,058
Cost of gas sold	4,921	5,094		54,109	50,109
Other operations and maintenance	44,130	42,533		131,976	131,177
Depreciation and amortization	14,259	13,372		41,754	39,606
Other general taxes	4,870	4,730		14,653	14,509
Total Operating Expenses	97,997	97,542		329,472	323,397
Operating Income	39,798	41,997		90,217	99,428
Other Income and Deductions:
Equity earnings in MGE Transco	1,672	2,338		6,113	7,432
Total Other Income and Deductions	4,330	4,943	[1]	13,980	12,038	[1]
Interest Expense:
Net Interest Expense	5,025	4,727		14,547	14,507
Net Income	29,506	26,629		67,858	61,472
MGE [Member]
Operating Revenues:
Electric revenues	119,388	120,760		313,537	321,543
Gas revenue	18,407	18,779		106,152	101,294
Total Operating Revenues	137,795	139,539		419,689	422,837
Operating Expenses:
Fuel for electric generation	16,793	15,828		43,944	39,939
Purchased power	13,024	15,985		43,036	48,061
Cost of gas sold	4,921	5,094		54,109	50,117
Other operations and maintenance	43,987	42,331		131,175	130,389
Depreciation and amortization	14,259	13,372		41,754	39,606
Other general taxes	4,870	4,730		14,653	14,509
Income tax provision	9,048	14,059		19,701	32,080
Total Operating Expenses	106,902	111,399		348,372	354,701
Operating Income	30,893	28,140	[2]	71,317	68,136	[2]
Other Income and Deductions:
AFUDC - equity funds	764	310		2,023	875
Income tax provision	(69)	(663)		(218)	(754)
Other income, net	1,828	2,492		5,380	4,335
Total Other Income and Deductions	2,523	2,139	[1],[2]	7,185	4,456	[1],[2]
Income before interest expense	33,416	30,279		78,502	72,592
Interest Expense:
Interest on long-term debt	5,696	4,995		16,093	15,051
Other interest, net	62	54		317	150
AFUDC - borrowed funds	(258)	(123)		(683)	(295)
Net Interest Expense	5,500	4,926		15,727	14,906
Net Income Including Noncontrolling Interest	27,916	25,353		62,775	57,686
Less Net Income Attributable to Noncontrolling Interest, net of tax	(5,629)	(5,439)		(16,940)	(16,224)
Net Income	$ 22,287	$ 19,914		$ 45,835	$ 41,462

[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.