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Segment Information | 3 Months Ended
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Mar. 31, 2013
Segment Information Disclosure [Abstract] |
Segment Information | 1 3. Segment Information - MGE Energy and MGE. MGE Energy operates in the following business segments: electric utility, gas utility, nonregulated energy, transmission investment, and all other. See MGE Energy's and MGE's 2012 Annual Report on Form 10-K for additional discussion of each of these segments. The following table s show segment information for MGE Energy's operations for the indicated periods:
(In thousands) |  |  |  |  |  | Non- |  |  |  |  |  | Consolidation/ |  |
MGE Energy |  |  |  |  |  | Regulated |  | Transmission |  | All |  | Elimination |  | Consolidated
|  | Electric |  | Gas |  | Energy |  | Investment |  | Others |  | Entries |  | Total
Three Months Ended March 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 93,494 | $ | 72,467 | $ | 1,276 | $ | 0 | $ | 0 | $ | 0 | $ | 167,237
Interdepartmental revenues |  | 109 |  | 4,876 |  | 10,573 |  | 0 |  | 0 |  | (15,558) |  | 0
Total operating revenues |  | 93,603 |  | 77,343 |  | 11,849 |  | 0 |  | 0 |  | (15,558) |  | 167,237
Depreciation and amortization |  | (6,400) |  | (1,425) |  | (1,799) |  | 0 |  | 0 |  | 0 |  | (9,624)
Other operating expenses |  | (74,925) |  | (60,437) |  | (37) |  | 0 |  | (144) |  | 15,558 |  | (119,985)
Operating income (loss) |  | 12,278 |  | 15,481 |  | 10,013 |  | 0 |  | (144) |  | 0 |  | 37,628
Other income, net |  | 575 |  | 162 |  | 0 |  | 2,396 |  | 176 |  | 0 |  | 3,309
Interest (expense) income, net |  | (2,404) |  | (678) |  | (1,613) |  | 0 |  | 20 |  | 0 |  | (4,675)
Income before taxes |  | 10,449 |  | 14,965 |  | 8,400 |  | 2,396 |  | 52 |  | 0 |  | 36,262
Income tax provision |  | (3,433) |  | (5,989) |  | (3,257) |  | (971) |  | (28) |  | 0 |  | (13,678)
Net income | $ | 7,016 | $ | 8,976 | $ | 5,143 | $ | 1,425 | $ | 24 | $ | 0 | $ | 22,584
Three Months Ended March 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 89,936 | $ | 57,019 | $ | 2,304 | $ | 0 | $ | 0 | $ | 0 | $ | 149,259
Interdepartmental revenues |  | 109 |  | 2,986 |  | 8,676 |  | 0 |  | 0 |  | (11,771) |  | 0
Total operating revenues |  | 90,045 |  | 60,005 |  | 10,980 |  | 0 |  | 0 |  | (11,771) |  | 149,259
Depreciation and amortization |  | (6,478) |  | (1,370) |  | (1,776) |  | 0 |  | 0 |  | 0 |  | (9,624)
Other operating expenses |  | (72,788) |  | (49,741) |  | (12) |  | 0 |  | (421) |  | 11,771 |  | (111,191)
Operating income (loss) |  | 10,779 |  | 8,894 |  | 9,192 |  | 0 |  | (421) |  | 0 |  | 28,444
Other income, net |  | 164 |  | 46 |  | 0 |  | 2,242 |  | 118 |  | 0 |  | 2,570
Interest (expense) income, net |  | (2,727) |  | (769) |  | (1,645) |  | 0 |  | 37 |  | 0 |  | (5,104)
Income (loss) before taxes |  | 8,216 |  | 8,171 |  | 7,547 |  | 2,242 |  | (266) |  | 0 |  | 25,910
Income tax (provision) benefit |  | (2,785) |  | (3,238) |  | (3,029) |  | (910) |  | 100 |  | 0 |  | (9,862)
Net income (loss) | $ | 5,431 | $ | 4,933 | $ | 4,518 | $ | 1,332 | $ | (166) | $ | 0 | $ | 16,048
The following table s show segment information for MGE's operations for the indicated periods:
(In thousands) |  |  |  |  |  | Non- |  |  |  | Consolidation/ |  |
MGE |  |  |  |  |  | Regulated |  | Transmission |  | Elimination |  | Consolidated
|  | Electric |  | Gas |  | Energy |  | Investment |  | Entries |  | Total
Three Months Ended March 31, 2013 |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 93,494 | $ | 72,467 | $ | 1,276 | $ | 0 | $ | 0 | $ | 167,237
Interdepartmental revenues |  | 109 |  | 4,876 |  | 10,573 |  | 0 |  | (15,558) |  | 0
Total operating revenues |  | 93,603 |  | 77,343 |  | 11,849 |  | 0 |  | (15,558) |  | 167,237
Depreciation and amortization |  | (6,400) |  | (1,425) |  | (1,799) |  | 0 |  | 0 |  | (9,624)
Other operating expenses* |  | (78,506) |  | (66,468) |  | (3,294) |  | 0 |  | 15,558 |  | (132,710)
Operating income* |  | 8,697 |  | 9,450 |  | 6,756 |  | 0 |  | 0 |  | 24,903
Other income, net* |  | 723 |  | 204 |  | 0 |  | 1,425 |  | 0 |  | 2,352
Interest expense, net |  | (2,404) |  | (678) |  | (1,613) |  | 0 |  | 0 |  | (4,695)
Net income |  | 7,016 |  | 8,976 |  | 5,143 |  | 1,425 |  | 0 |  | 22,560
Less: Net income attributable to |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interest, net of tax |  | 0 |  | 0 |  | 0 |  | 0 |  | (6,826) |  | (6,826)
Net income attributable to MGE | $ | 7,016 | $ | 8,976 | $ | 5,143 | $ | 1,425 | $ | (6,826) | $ | 15,734
Three Months Ended March 31, 2012 |  |  |  |  |  |  |  |  |  |  |
Operating revenues | $ | 89,936 | $ | 57,019 | $ | 2,304 | $ | 0 | $ | 0 | $ | 149,259
Interdepartmental revenues |  | 109 |  | 2,986 |  | 8,676 |  | 0 |  | (11,771) |  | 0
Total operating revenues |  | 90,045 |  | 60,005 |  | 10,980 |  | 0 |  | (11,771) |  | 149,259
Depreciation and amortization |  | (6,478) |  | (1,370) |  | (1,776) |  | 0 |  | 0 |  | (9,624)
Other operating expenses* |  | (75,508) |  | (52,961) |  | (3,041) |  | 0 |  | 11,771 |  | (119,739)
Operating income* |  | 8,059 |  | 5,674 |  | 6,163 |  | 0 |  | 0 |  | 19,896
Other income, net* |  | 99 |  | 28 |  | 0 |  | 1,332 |  | 0 |  | 1,459
Interest expense, net |  | (2,727) |  | (769) |  | (1,645) |  | 0 |  | 0 |  | (5,141)
Net income |  | 5,431 |  | 4,933 |  | 4,518 |  | 1,332 |  | 0 |  | 16,214
Less: net income attributable to |  |  |  |  |  |  |  |  |  |  |  |
noncontrolling interest, net of tax |  | 0 |  | 0 |  | 0 |  | 0 |  | (6,072) |  | (6,072)
Net income attributable to MGE | $ | 5,431 | $ | 4,933 | $ | 4,518 | $ | 1,332 | $ | (6,072) | $ | 10,142
*Amounts are shown net of the related tax expense, consistent with the presentation on the consolidated MGE Income Statement.
The following table shows segment information for MGE Energy's and MGE's assets and capital expenditures:
|  | Utility |  |  | Consolidated
(In thousands) |  |  |  |  |  | Assets |  |  |  |  |  |  |  | Consolidation/ |
MGE Energy |  |  |  |  |  | not |  | Nonregulated | Transmission |  | All |  | Elimination |  |
|  | Electric |  | Gas |  | Allocated |  |  | Energy |  | Investment |  | Others |  | Entries |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013 | $ | 904,578 | $ | 275,815 | $ | 11,900 |  | $ | 324,894 | $ | 61,826 | $ | 409,602 | $ | (408,175) | $ | 1,580,440
December 31, 2012 |  | 888,444 |  | 285,468 |  | 18,559 |  |  | 323,216 |  | 61,064 |  | 413,291 |  | (403,118) |  | 1,586,924
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2013 | $ | 27,007 | $ | 1,689 | $ | 0 |  | $ | 468 | $ | 0 | $ | 0 | $ | 0 | $ | 29,164
Year ended Dec. 31, 2012 |  | 81,965 |  | 13,812 |  | 0 |  |  | 2,658 |  | 0 |  | 0 |  | 0 |  | 98,435
|  | Utility |  |  | Consolidated
(In thousands) |  |  |  |  |  | Assets |  |  |  |  |  |  |  |
MGE |  |  |  |  |  | not |  | Nonregulated | Transmission |  | Elimination |  |
|  | Electric |  | Gas |  | Allocated |  |  | Energy |  | Investment |  | Entries |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2013 | $ | 904,578 | $ | 275,815 | $ | 11,900 |  | $ | 324,844 | $ | 61,826 | $ | (28,358) | $ | 1,550,605
December 31, 2012 |  | 888,444 |  | 285,468 |  | 18,559 |  |  | 323,166 |  | 61,064 |  | (23,050) |  | 1,553,651
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2013 | $ | 27,007 | $ | 1,689 | $ | 0 |  | $ | 468 | $ | 0 | $ | 0 | $ | 29,164
Year ended Dec. 31, 2012 |  | 81,965 |  | 13,812 |  | 0 |  |  | 2,658 |  | 0 |  | 0 |  | 98,435

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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