MGE Energy Issues March 2021 'Interim Report'

Rhea-AI Summary

MGE Energy, Inc. (Nasdaq: MGEE) has announced plans to retire the Columbia Energy Center, as detailed in its latest 'Interim Report.' The report highlights total shareholder returns, earnings, and future initiatives including solar expansion and new battery storage projects. Additionally, a Corporate Responsibility and Sustainability Report was released, and a virtual annual meeting is scheduled for May 18. MGE Energy's assets total approximately $2.3 billion, with 2020 revenues reported at $539 million.

Positive

• Total shareholder return closes strong.
• Plans to expand solar energy and introduce battery storage.

Negative

• Plan to retire the Columbia Energy Center may impact energy generation capacity.

MGE Energy, Inc. (Nasdaq: MGEE) highlights the company's plan to retire the Columbia Energy Center in its latest investor newsletter, "Interim Report," which also includes the following topics:

- Total shareholder return closes strong
- MGE Energy reports earnings
- MGE plans more solar, new battery storage
- Corporate Responsibility and Sustainability Report released
- Virtual annual meeting on May 18

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/20210315005548/en/

FAQ

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

MGE Energy's Interim Report emphasizes strong total shareholder returns, earnings reports, plans for solar and battery storage expansion, and the release of its Corporate Responsibility and Sustainability Report.

When is MGE Energy's virtual annual meeting scheduled?

MGE Energy's virtual annual meeting is scheduled for May 18.

What were MGE Energy's 2020 revenues?

MGE Energy reported approximately $539 million in revenues for 2020.

What is the significance of retiring the Columbia Energy Center for MGE Energy?

Retiring the Columbia Energy Center may affect MGE Energy's energy generation capacity going forward.