For the years ended December 31
(Thousands, except per-share amounts) 		2007 2006 2005
       
Operating Revenues
   Regulated revenues 523,413 504,138 511,517
   Nonregulated revenues       5,181       3,408       1,853
       Total Operating Revenues 537,594 507,546 513,370
       
Operating Expenses      
   Fuel for electric generation 56,694 49,227 65,016
   Purchased power 77,594 77,164 81,676
   Natural gas purchased 140,838 129,331 146,110
   Other operations and maintenance 130,831 126,086 117,552
   Depreciation and amortization 32,199 31,342 29,275
   Other general taxes        15,771        15,402        13,269
       Total Operating Expenses      453,927      428,552      452,898
Operating Income 83,667 78,994 60,472
       
   Other income, net 6,069 4,329 4,938
   Interest expense      (13,056)
      (15,001)      (13,448)
       Income before income taxes 76,680 68,322 51,962
   Income tax provision      (27,855)      (25,899)      (19,871)
Net Income     $   48,825     $   42,432     $   32,091
       
Earnings Per Share of Common Stock - Basic and Diluted     $     2.27     $     2.06     $     1.57
Dividends Paid Per Share of Common Stock     $     1.41     $     1.39     $     1.37
       
Average Shares Outstanding - Basic and Diluted         21,520         20,564         20,436

For detailed financial information, see the 2007 MGE Energy Form 10-K.