MADISON GAS & ELECTRIC CO - FORM 10-Q - EX-12 - EXHIBIT 12: MGE RATIO OF EARNINGS TO FIXED CHARGES - August 6, 2015

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EX-31 - EXHIBIT 31.3: MGE CEO RULE 13A-14/15D-14 CERTIFICATION - MADISON GAS & ELECTRIC COex31_3.htm
10-Q - FORM 10-Q - MADISON GAS & ELECTRIC COf10q_20150630.htm
EX-31 - EXHIBIT 31.1: MGEE CEO RULE 13A-14/15D-14 CERTIFICATION - MADISON GAS & ELECTRIC COex31_1.htm
EX-31 - EXHIBIT 31.2: MGEE CFO RULE 13A-14/15D-14 CERTIFICATION - MADISON GAS & ELECTRIC COex31_2.htm
EX-31 - EXHIBIT 31.4: MGE CFO RULE 13A-14/15D-14 CERTIFICATION - MADISON GAS & ELECTRIC COex31_4.htm
EX-32 - EXHIBIT 32.1: MGEE CEO SECTION 1350 CERTIFICATION - MADISON GAS & ELECTRIC COex32_1.htm
EX-32 - EXHIBIT 32.2: MGEE CFO SECTION 1350 CERTIFICATION - MADISON GAS & ELECTRIC COex32_2.htm
EX-32 - EXHIBIT 32.3: MGE CEO SECTION 1350 CERTIFICATION - MADISON GAS & ELECTRIC COex32_3.htm
EX-32 - EXHIBIT 32.4: MGE CFO SECTION 1350 CERTIFICATION - MADISON GAS & ELECTRIC COex32_4.htm
10-Q - FORM 10-Q PDF - MADISON GAS & ELECTRIC COf10q_20150630.pdf

EXHIBIT 12


Madison Gas and Electric Company

Ratio of Earnings to Fixed Charges

Six Months Ended June 30, 2015

(In thousands)



Earnings


Net income before minority interest

$31,829

Equity earnings

(4,170)

Income distribution from equity investees

2,891

Minority interest in pretax income

(1,952)

Amortization of capitalized interest

264

Federal and state income taxes

18,603

Fixed charges

10,714

Total Earnings as Defined

$58,179

 


Fixed Charges


Interest expense on long-term debt and other

$9,751

Interest on rentals*

412

Amortization of debt issuance costs

455

AFUDC - borrowed funds

96

Total Fixed Charges

$10,714

 

 

Ratio of Earnings to Fixed Charges

5.43X


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

gives a reasonable approximation for actual interest on rentals.




MADISON GAS & ELECTRIC CO Reports