v3.26.1
Investment in ATC and ATC Holdco (Tables)
3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Financial Data MGE Transco recorded the following amounts related to its investment in ATC:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands)

 

2026

 

 

2025

 

Equity earnings from investment in ATC

 

$

3,522

 

 

$

2,990

 

Dividends received from ATC

 

 

2,662

 

 

 

3,287

 

Capital contributions to ATC

 

 

4,460

 

 

 

2,492

 

In April 2026, MGE Transco made a $2.2 million capital contribution to ATC.

ATC's summarized financial data is as follows:

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands)

 

2026

 

 

2025

 

Operating revenues

 

$

265,259

 

 

$

234,929

 

Operating expenses

 

 

(127,405

)

 

 

(116,745

)

Other income, net

 

 

700

 

 

 

83

 

Interest expense, net

 

 

(44,476

)

 

 

(39,193

)

Earnings before members' income taxes

 

$

94,078

 

 

$

79,074