MGE ENERGY INC - FORM 10-Q - EX-12 - EXHIBIT 12: MGE RATIO OF EARNINGS TO FIXED CHARGES - May 5, 2016

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EX-32 - EXHIBIT 32.2: MGEE CFO SECTION 1350 CERTIFICATION - MGE ENERGY INCex32_2.htm
10-Q - FORM 10-Q - MGE ENERGY INCf10q_20160331.htm
EX-10 - EXHIBIT 10.1 FORM OF AMENDMENT TO SEVERANCE AGREEMENT - MGE ENERGY INCex10_1.htm
EX-10 - EXHIBIT 10.2 FORM OF SEVERANCE AGREEMENT FOR OFFICERS HIRED ON OR AFTER JANUARY 1, 2012 - MGE ENERGY INCex10_2.htm
EX-10 - EXHIBIT 10.3 FORM OF INCOME CONTINUATION AGREEMENT AS REVISED JANUARY 1, 2016 - MGE ENERGY INCex10_3.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 32.3: 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-Q - FORM 10-Q PDF - MGE ENERGY INCf10q_20160331.pdf

EXHIBIT 12


Madison Gas and Electric Company

Ratio of Earnings to Fixed Charges

Three Months Ended March 31, 2016

(In thousands)



Earnings


Net income before minority interest

$17,197

Equity earnings

(2,233)

Income distribution from equity investees

865

Minority interest in pretax income

(1,076)

Amortization of capitalized interest

132

Federal and state income taxes

10,032

Fixed charges

5,323

Total Earnings as Defined

$30,240

 


Fixed Charges


Interest expense on long-term debt and other

$4,835

Interest on rentals*

177

Amortization of debt issuance costs

226

AFUDC - borrowed funds

85

Total Fixed Charges

$5,323

 

 

Ratio of Earnings to Fixed Charges

5.68X


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

gives a reasonable approximation for actual interest on rentals.




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