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- 10-Q Quarterly report
- 12 Exhibit 12: Mge Ratio of Earnings to Fixed Charges
- 31.1 Exhibit 31.1: MGEE CEO Rule 13A-14/15D-14 Certification
- 31.2 Exhibit 31.2: MGEE CFO Rule 13A-14/15D-14 Certification
- 31.3 Exhibit 31.3: Mge CEO Rule 13A-14/15D-14 Certification
- 31.4 Exhibit 31.4: Mge CFO Rule 13A-14/15D-14 Certification
- 32.1 Exhibit 32.1: MGEE CEO Section 1350 Certification
- 32.2 Exhibit 32.2: MGEE CFO Section 1350 Certification
- 32.3 Exhibit 32.3: Mge CEO Section 1350 Certification
- 32.4 Exhibit 32.4: Mge CFO Section 1350 Certification
- PDF Form 10-Q PDF
- Download Excel data file
- View Excel data file
EXHIBIT 12
Madison Gas and Electric Company
Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, 2016
(In thousands)
Earnings | |
Net income before minority interest | $60,949 |
Equity earnings | (5,451) |
Income distribution from equity investees | 4,214 |
Minority interest in pretax income | (2,355) |
Amortization of capitalized interest | 396 |
Federal and state income taxes | 34,803 |
Fixed charges | 15,979 |
Total Earnings as Defined | $108,535 |
| |
Fixed Charges | |
Interest expense on long-term debt and other | $14,516 |
Interest on rentals* | 532 |
Amortization of debt issuance costs | 678 |
AFUDC - borrowed funds | 253 |
Total Fixed Charges | $15,979 |
|
|
Ratio of Earnings to Fixed Charges | 6.79X |
*Management believes that using one-third of the total rental expense
gives a reasonable approximation for actual interest on rentals.