MGE Energy (MGEE) 10-K2004 FY Annual report

Filed: 15 Mar 05, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	7th grade Avg

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

MGEE similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12.2

MADISON GAS AND ELECTRIC COMPANY

Ratio of Earnings to Fixed Charges
Twelve Months Ended December 31, 2004
(In thousands)

Earnings
Net Income	$ 32,184
Equity earnings	(4,587)
Income distribution from equity investees	3,256
Federal and state income taxes	19,521
Fixed charges	14,778
Total Earnings as Defined	$ 65,152

Fixed Charges
Interest on long-term debt	$ 11,062
Other interest	273
Interest on rentals*	814
Amortization of debt discount	516
Capitalized interest	2,113
Total Fixed Charges	$ 14,778

Ratio of Earnings to Fixed Charges	4.41x

*Management believes that using one-third of the total rental expense
gives a reasonable approximation for actual interest on rentals.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.