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Madison Gas and Electric Company Consolidated Statements of Income (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues:      
Regulated electric revenues $ 403,957 $ 392,365 $ 375,858
Regulated gas revenues 181,462 139,727 165,271
Nonregulated revenues 5,468 9,231 5,253
Total Operating Revenues 590,887 541,323 546,382
Operating Expenses:      
Fuel for electric generation 46,062 46,499 50,819
Purchased power 80,830 73,842 64,085
Cost of gas sold 107,315 78,156 99,465
Other operations and maintenance 171,248 172,996 165,859
Depreciation and amortization 38,838 38,707 40,942
Other general taxes 18,607 18,360 17,344
Total Operating Expenses 462,900 428,560 438,514
Operating Income 127,987 112,763 107,868
Other Income and Deductions:      
Equity in earnings in ATC 9,434 9,079 8,615
Total Other Income and Deductions 10,701 10,069 9,214
Interest Expense:      
Net Interest Expense 18,924 19,467 20,162
Net Income 74,905 64,446 60,928
MGE [Member]
     
Operating Revenues:      
Regulated electric revenues 403,980 392,365 375,858
Regulated gas revenues 181,477 139,727 165,271
Nonregulated revenues 5,468 9,231 5,253
Total Operating Revenues 590,925 541,323 546,382
Operating Expenses:      
Fuel for electric generation 46,070 46,499 50,819
Purchased power 80,844 73,842 64,085
Cost of gas sold 107,330 78,156 99,465
Other operations and maintenance 170,498 171,965 164,903
Depreciation and amortization 38,834 38,707 40,942
Other general taxes 18,607 18,360 17,344
Income tax provision 41,519 35,334 32,287
Total Operating Expenses 503,702 462,863 469,845
Operating Income 87,223 [1] 78,460 [1] 76,537 [1]
Other Income and Deductions:      
AFUDC - equity funds 3,140 1,731 413
Equity in earnings in ATC 9,434 9,079 8,615
Income tax provision (4,303) (4,101) (3,752)
Other deductions, net (18) (263) (321)
Total Other Income and Deductions 8,253 [1] 6,446 [1] 4,955 [1]
Income before interest expense 95,476 84,906 81,492
Interest Expense:      
Interest on long-term debt 20,087 20,386 20,634
Other interest, net (21) (82) (226)
AFUDC - borrowed funds (1,035) (704) (168)
Net Interest Expense 19,031 19,600 20,240
Net Income Including Noncontrolling Interest 76,445 65,306 61,252
Less Net Income Attributable to Noncontrolling Interest, net of tax (27,438) (24,489) (23,970)
Net Income $ 49,007 $ 40,817 $ 37,282
[1] *Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.