MGE Energy, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jeffrey Keebler
- Full Time Employees
- 717
- Sector
- Utilities
- Industry
- Diversified Utilities
- Address
- 133 South Blair Street Madison WI United States of America 53788
- IPO Date
- Mar 17, 1980
- CIK
- 0001161728
- Website
- mgeenergy.com
- Similar Companies
- Business
- MGE Energy, Inc. operates primarily as a holding company for Madison Gas and Electric Co., a regulated utility providing electric and natural gas services. The company’s core products and services include electric generation, transmission and distribution; natural gas distribution; renewable energy generation encompassing solar and wind power; and energy storage solutions such as battery energy storage systems. It offers these services primarily within south-central and southwestern Wisconsin. Founded in 1921 and headquartered in Madison, Wisconsin, MGE Energy focuses on sustainable energy solutions and grid modernization to serve residential, commercial, and industrial customers. Recent major company changes include significant investments and operational expansions in renewable energy and energy storage. In 2025, MGE Energy completed the Darien Solar Project, adding 25 MW of solar capacity, and the Paris Battery Energy Storage System, contributing 11 MW of battery storage capacity. The company also announced partnerships to grow local solar energy, such as one with Madison Metropolitan Sewerage District, and it continues to expand its community solar programs. Strategic initiatives further include a commitment to decarbonize its generation fleet by eliminating coal usage by the end of 2032, aiming for an 80% reduction in carbon emissions from 2005 levels by 2030. MGE Energy reported 50 consecutive years of dividend increases and maintains a forecasted capital investment plan of approximately $1.4 billion from 2025 through 2029 with a focus on clean energy, grid enhancement, and sustainability. MGE Energy’s industry segments include electric and gas utility operations with a focus on regulated utility services. Its geographic operations mainly cover Wisconsin, and the company serves a diverse customer base from residential to large commercial and industrial clients. As a publicly traded company (NASDAQ: MGEE), its subsidiaries include the related utility entities under its holding structure. The company remains dedicated to sustainability, reliability, and regulatory compliance, positioning itself as a leading regional utility transitioning toward cleaner energy through infrastructure investments and innovative energy solutions.
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