MGE Energy Q4 net income down to $32.1 mln, YoY.

• MGE Energy reports net income of $32.1 million, down from $33.8 million in 2004. • Natural gas prices rose to historically high levels due to Gulf of Mexico disasters. • Fuel used for electric generation increased by $22 million. • Purchased power cost increased by $29.7 million. • Gas revenues rose by $28.8 million.