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Madison Gas and Electric Company Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues:        
Regulated electric revenues $ 99,481 $ 96,697 $ 197,721 $ 195,549
Regulated gas revenues 20,669 31,218 90,597 141,931
Nonregulated revenues 1,976 850 3,942 1,530
Total Operating Revenues 122,126 128,765 292,260 339,010
Operating Expenses:        
Fuel for electric generation 12,677 11,866 24,569 25,998
Purchased power 21,265 18,921 44,130 37,476
Cost of gas sold 6,650 18,132 53,569 96,640
Other operations and maintenance 41,500 40,208 82,174 80,680
Depreciation and amortization 10,995 10,069 21,844 19,815
Other general taxes 4,990 5,128 10,074 9,989
Income tax provision 8,008 9,034 18,595 25,299
Total Operating Expenses 98,077 104,324 236,360 270,598
Operating Income 24,049 24,441 55,900 68,412
Other Income and Deductions:        
Equity in earnings in ATC     4,170 4,883
Total Other Income and Deductions 2,446 3,548 4,551 8,100
Interest Expense:        
Net Interest Expense 5,008 4,868 10,099 9,409
Net Income (Loss) 13,479 14,087 31,757 41,804
MGE [Member]        
Operating Revenues:        
Regulated electric revenues 99,486 96,702 197,731 195,560
Regulated gas revenues 20,671 31,223 90,604 141,941
Nonregulated revenues 1,976 850 3,942 1,530
Total Operating Revenues 122,133 128,775 292,277 339,031
Operating Expenses:        
Fuel for electric generation 12,679 11,868 24,573 26,002
Purchased power 21,268 18,925 44,136 37,483
Cost of gas sold 6,654 18,137 53,577 96,650
Other operations and maintenance 41,236 39,967 81,708 80,284
Depreciation and amortization 10,984 10,058 21,821 19,792
Other general taxes 4,990 5,128 10,074 9,989
Income tax provision 7,041 7,918 16,817 22,842
Total Operating Expenses 104,852 112,001 252,706 293,042
Operating Income [1] 17,281 16,774 39,571 45,989
Other Income and Deductions:        
AFUDC - equity funds 167 1,101 295 3,051
Equity in earnings in ATC 2,289 2,402 4,170 4,883
Income tax provision (978) (1,142) (1,786) (2,406)
Other expense, net (176) (82) (215) (240)
Total Other Income and Deductions [1] 1,302 2,279 2,464 5,288
Income before interest expense 18,583 19,053 42,035 51,277
Interest Expense:        
Interest on long-term debt 5,136 5,240 10,287 10,489
Other interest, net (17) 33 15 8
AFUDC - borrowed funds (54) (363) (96) (1,006)
Net Interest Expense 5,065 4,910 10,206 9,491
Net Income Including Noncontrolling Interest 13,518 14,143 31,829 41,786
Less Net Income Attributable to Noncontrolling Interest, net of tax (6,626) (6,621) (13,179) (13,131)
Net Income (Loss) $ 6,892 $ 7,522 $ 18,650 $ 28,655
[1] *Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.