MGE Energy Issues December 2021 'Interim Report'

Rhea-AI Summary

MGE Energy, Inc. (Nasdaq: MGEE) plans to cease coal usage at the Elm Road Generating Station, as detailed in its latest investor newsletter, "Interim Report." The report also highlights MGE's top ranking in electric reliability, the launch of an electric vehicle fast charger hub, and third-quarter earnings details. MGE Energy, headquartered in Madison, Wisconsin, has assets totaling approximately $2.3 billion and generated around $539 million in revenue for 2020. The Interim Report aims to keep investors informed about the company's developments.

Positive

• MGE Energy's commitment to end coal use at Elm Road Generating Station emphasizes its transition to cleaner energy sources.
• Ranked number one for electric reliability, enhancing its reputation and potentially attracting more customers.
• Launch of an electric vehicle fast charger hub indicates a proactive approach to renewable energy and consumer needs.

Negative

• None.

MADISON, Wis.--(BUSINESS WIRE)-- MGE Energy, Inc. (Nasdaq: MGEE) highlights the company's plans to end its use of coal at Elm Road Generating Station in its latest investor newsletter, "Interim Report," which also includes the following topics:

- MGE number one for electric reliability
- MGE's electric vehicle fast charger hub
- Third-quarter earnings
- Tax information and 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 $2.3 billion, and its 2020 revenues were approximately $539 million.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211215005860/en/

Ken Frassetto

Director Shareholder Services and Treasury Management

608-252-4723 | kfrassetto@mge.com

Source: MGE Energy, Inc.

FAQ

What are the key highlights from MGE Energy's recent Interim Report?

The key highlights include plans to end coal use at the Elm Road Generating Station, ranking number one for electric reliability, development of an electric vehicle fast charger hub, and insights into third-quarter earnings.

How much revenue did MGE Energy report in 2020?

MGE Energy reported approximately $539 million in revenue for the year 2020.

What is MGE Energy's total asset value?

MGE Energy's total asset value is approximately $2.3 billion.

Where can I access MGE Energy's Interim Report?

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