| 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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Nine Months Ended |
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|
|
September 30, |
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|
September 30, |
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(In thousands) |
|
2026 |
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|
2025 |
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|
2026 |
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|
2025 |
|
Equity earnings from investment in ATC |
|
$ |
3,907 |
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|
$ |
3,224 |
|
|
$ |
11,205 |
|
|
$ |
9,280 |
|
Dividends received from ATC |
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|
2,954 |
|
|
|
2,403 |
|
|
|
8,404 |
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|
|
8,035 |
|
Capital contributions to ATC |
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|
3,567 |
|
|
|
3,214 |
|
|
|
10,183 |
|
|
|
8,385 |
|
In October 2026, MGE Transco made a $4.3 million capital contribution to ATC. ATC's summarized financial data is as follows:
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Three Months Ended |
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Nine Months Ended |
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|
|
September 30, |
|
|
September 30, |
|
(In thousands) |
|
2026 |
|
|
2025 |
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|
2026 |
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|
2025 |
|
Operating revenues |
|
$ |
280,753 |
|
|
$ |
245,104 |
|
|
$ |
820,060 |
|
|
$ |
721,260 |
|
Operating expenses |
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|
(129,377 |
) |
|
|
(116,919 |
) |
|
|
(386,418 |
) |
|
|
(351,228 |
) |
Other income, net |
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|
87 |
|
|
|
188 |
|
|
|
2,015 |
|
|
|
821 |
|
Interest expense, net |
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|
(47,330 |
) |
|
|
(41,593 |
) |
|
|
(137,731 |
) |
|
|
(124,040 |
) |
Earnings before members' income taxes |
|
$ |
104,133 |
|
|
$ |
86,780 |
|
|
$ |
297,926 |
|
|
$ |
246,813 |
|
|
| Other Investments |
During the three and nine months ended September 30, 2026 and 2025, certain investments were liquidated for MGE Energy. There were no material liquidations for MGE during these periods. As a result of the liquidations, the following was received:
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Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(In thousands) |
|
2026 |
|
|
2025 |
|
|
2026 |
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|
2025 |
|
Cash proceeds |
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$ |
6,724 |
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|
$ |
4,244 |
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|
$ |
12,133 |
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|
$ |
4,402 |
|
Gain on sale |
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|
5,346 |
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|
|
3,156 |
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|
|
9,322 |
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|
|
3,233 |
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