MGE ENERGY INC - FORM 10-K - EX-12 - EXHIBIT 12.2: MGE RATIO OF EARNINGS TO FIXED CHARGES - February 25, 2016

Attached files

file filename
EX-23 - EXHIBIT 23.1: MGEE CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MGE ENERGY INCex23_1.htm
10-K - FORM 10-K - MGE ENERGY INCf10k_2015.htm
EX-12 - EXHIBIT 12.1: MGEE RATIO OF EARNINGS TO FIXED CHARGES - MGE ENERGY INCex12_1.htm
EX-21 - EXHIBIT 21: SUBSIDIARIES OF MGEE - MGE ENERGY INCex21.htm
EX-23 - EXHIBIT 23.2: MGE CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MGE ENERGY INCex23_2.htm
EX-31 - EXHIBIT 31.1: MGEE CEO RULE 13A-14/15D-14 CERTIFICATION - MGE ENERGY INCex31_1.htm
EX-31 - EXHIBIT 31.2: MGEE CFO RULE 13A-14/15D-14 CERTIFICATION - MGE ENERGY INCex31_2.htm
EX-31 - EXHIBIT 31.3: MGE CEO RULE 13A-14/15D-14 CERTIFICATION - MGE ENERGY INCex31_3.htm
EX-31 - EXHIBIT 31.4: MGE CFO RULE 13A-14/15D-14 CERTIFICATION - MGE ENERGY INCex31_4.htm
EX-32 - EXHIBIT 32.1: MGEE CEO SECTION 1350 CERTIFICATION - MGE ENERGY INCex32_1.htm
EX-32 - EXHIBIT 32.2: MGEE CFO SECTION 1350 CERTIFICATION - MGE ENERGY INCex32_2.htm
EX-32 - EXHIBIT 32.3: MGE CEO SECTION 1350 CERTIFICATION - MGE ENERGY INCex32_3.htm
EX-32 - EXHIBIT 32.4: MGE CFO SECTION 1350 CERTIFICATION - MGE ENERGY INCex32_4.htm
10-K - FORM 10-K PDF - MGE ENERGY INCf10k_2015.pdf

EXHIBIT 12.2


Madison Gas and Electric Company

Ratio of Earnings to Fixed Charges

Twelve Months Ended December 31, 2015

(In thousands)



Earnings


Net income before minority interest

$71,465

Equity earnings

(7,728)

Income distribution from equity investees

6,645

Minority interest in pretax income

(3,628)

Amortization of capitalized interest

527

Federal and state income taxes

41,406

Fixed charges

21,323

Total Earnings as Defined

$130,010

 


Fixed Charges


Interest expense on long-term debt and other

$19,477

Interest on rentals*

709

Amortization of debt issuance costs

906

AFUDC - borrowed funds

231

Total Fixed Charges

$21,323

 

 

Ratio of Earnings to Fixed Charges

6.10X


*Management believes that using one-third of the total rental expense

gives a reasonable approximation for actual interest on rentals.




Stock widget

Investing forum

MGE ENERGY INC Reports