MGE Energy Issues December 2020 'Interim Report'

Rhea-AI Summary

MGE Energy (Nasdaq: MGEE) released its latest 'Interim Report,' showcasing insights from the University of Wisconsin-Madison regarding its net-zero carbon electricity goal. Key highlights include:

• Operational progress of Two Creeks Solar
• Completion of the Dane County Airport Solar project
• Third-quarter earnings details
• EEI Index Award for total shareholder return
• Updates on tax implications and lobbying activities

The report aims to keep investors informed about MGE Energy's performance and developments.

Positive

• Two Creeks Solar is operational, enhancing service quality.
• Completion of the Dane County Airport Solar project boosts renewable energy capacity.
• Recognition with the EEI Index Award indicates strong total shareholder returns.

Negative

• None.

MGE Energy, Inc. (Nasdaq: MGEE) highlights the University of Wisconsin-Madison's analysis of Madison Gas and Electric's net-zero carbon electricity goal in its latest investor newsletter, "Interim Report," which also includes the following topics:

• Two Creeks Solar serving customers
• Dane County Airport Solar project complete
• Third-quarter earnings
• EEI Index Award for total shareholder return
• Tax updates
• Lobbying efforts

The newsletter is available on MGE Energy's website at: https://www.mgeenergy.com/interimreport

Interim Report is published quarterly to provide investors with information about MGE Energy and its primary subsidiary, Madison Gas and Electric.

About MGE Energy

MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis. It is the parent company of Madison Gas and Electric, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties. MGE Energy's assets total approximately $2 billion, and its 2019 revenues were approximately $569 million.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005992/en/

FAQ

What recent report did MGE Energy publish?

MGE Energy published its latest 'Interim Report' highlighting various operational and financial updates.

What are the highlights of MGE Energy's latest Interim Report?

Highlights include the Two Creeks Solar operations, completion of the Dane County Airport Solar project, third-quarter earnings, and the EEI Index Award for total shareholder return.

What is MGE Energy's goal regarding carbon emissions?

MGE Energy aims for a net-zero carbon electricity goal, as emphasized in their recent report.

Where can I find MGE Energy's Interim Report?

The Interim Report is available on MGE Energy's website at https://www.mgeenergy.com/interimreport.