MGE Energy Inc Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Operating Revenues:
Regulated electric revenues	$ 89,936	$ 86,007
Regulated gas revenues	57,019	77,437
Nonregulated revenues	2,304	1,161
Total Operating Revenues	149,259	164,605
Operating Expenses:
Fuel for electric generation	8,851	11,049
Purchased power	19,546	17,581
Cost of gas sold	34,845	50,947
Other operations and maintenance	42,949	39,413
Depreciation and amortization	9,624	10,016
Other general taxes	5,000	4,701
Total Operating Expenses	120,815	133,707
Operating Income	28,444	30,898
Other income, net	2,570	2,386
Interest expense, net	(5,104)	(4,850)
Income before income taxes	25,910	28,434
Income tax provision	(9,862)	(10,651)
Net Income	$ 16,048	$ 17,783
Earnings Per Share of Common Stock (basic and diluted)	$ 0.69	$ 0.77
Dividends per share of common stock	$ 0.383	$ 0.375
Average Shares Outstanding (basic and diluted)	23,114	23,114