Noncontrolling Interest

12 Months Ended

Dec. 31, 2014

Noncontrolling Interest [Line Items]

Noncontrolling Interest - MGE.

The noncontrolling interest on MGE’s balance sheet at December 31 was as follows:

(In thousands)		2014		2013
MGE Power Elm Road^(a)	$	72,537	$	69,876
MGE Power West Campus^(a)		30,755		29,089
MGE Transco^(b)		22,397		19,998
Total noncontrolling interest	$	125,689	$	118,963

The net income attributable to noncontrolling interest, net of tax, for the years ended December 31, 2014, 2013, and 2012 was as follows:

(In thousands)		2014		2013		2012
MGE Power Elm Road^(a)	$	16,160	$	17,373	$	14,837
MGE Power West Campus^(a)		7,666		7,657		7,506
MGE Transco^(b)		2,484		2,408		2,146
Net income attributable to noncontrolling interest, net of tax	$	26,310	$	27,438	$	24,489

(a) MGE Power Elm Road and MGE Power West Campus are not subsidiaries of MGE; however, they have been consolidated in the consolidated financial statements of MGE (see Footnote 2). MGE Power Elm Road and MGE Power West Campus are 100% owned by MGE Power, and MGE Power is 100% owned by MGE Energy. MGE Energy's proportionate share of the equity and net income (through its wholly owned subsidiary MGE Power) of MGE Power Elm Road and MGE Power West Campus is classified within the MGE financial statements as noncontrolling interest.

(b) At December 31, 2014, MGE is the majority owner, and MGE Energy is the minority owner, of MGE Transco. MGE Energy's proportionate share of the equity and net income of MGE Transco is classified within the MGE financial statements as noncontrolling interest.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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