| Equity Method Investments Financial Data |
MGE Transco recorded the following amounts related to its investment in ATC:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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(In thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
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Equity earnings from investment in ATC |
|
$ |
3,776 |
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|
$ |
3,066 |
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|
$ |
7,298 |
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|
$ |
6,056 |
|
Dividends received from ATC |
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|
2,788 |
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|
|
2,345 |
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|
|
5,450 |
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|
|
5,632 |
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Capital contributions to ATC |
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|
2,156 |
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|
|
2,679 |
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|
|
6,616 |
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|
|
5,171 |
|
In July 2026, MGE Transco made a $3.6 million capital contribution to ATC. ATC's summarized financial data is as follows:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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|
June 30, |
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(In thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
Operating revenues |
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$ |
274,048 |
|
|
$ |
241,227 |
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|
$ |
539,307 |
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|
$ |
476,156 |
|
Operating expenses |
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|
(129,636 |
) |
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|
(117,564 |
) |
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|
(257,041 |
) |
|
|
(234,309 |
) |
Other income, net |
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|
1,228 |
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|
|
550 |
|
|
|
1,928 |
|
|
|
633 |
|
Interest expense, net |
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|
(45,925 |
) |
|
|
(43,254 |
) |
|
|
(90,401 |
) |
|
|
(82,447 |
) |
Earnings before members' income taxes |
|
$ |
99,715 |
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|
$ |
80,959 |
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|
$ |
193,793 |
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|
$ |
160,033 |
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