For the years ended December 31
(in thousands, except per-share amounts) 		2008 2007 2006
       
Operating Revenues
   Regulated revenues $      588,560 $     532,413 $     504,138
   Nonregulated revenues 7,433 5,181       3,408
       Total Operating Revenues 595,933 537,594 507,546
       
Operating Expenses      
   Fuel for electric generation 54,748 56,694 49,227
   Purchased power 74,676 77,594 77,164
   Cost of gas sold 171,545 140,838 129,331
   Other operations and maintenance 151,176 130,831 126,086
   Depreciation and amortization 39,273 32,199 31,342
   Other general taxes 16,793 15,771 15,402
       Total Operating Expenses 508,211 453,927 428,552
Operating Income 87,782 83,667 78,994
       
   Other income, net 8,044 6,069 4,329
   Interest expense, net (14,002)
 (13,056) (15,001)
       Income before income taxes 81,824 76,680 68,322
   Income tax provision (29,056) (27,855) (25,899)
Net Income $        52,768 $        48,825 $        42,423
       
Earnings Per Share of Common Stock (basic and diluted) 2.38 2.27 2.06
Dividends Paid Per Share of Common Stock 1.43 1.41 1.39
       
Average Shares Outstanding (basic and diluted)         22,197         21,520         20,564

For detailed financial information, see the 2008 MGE Energy Form 10-K.