MGE Energy Issues March 2022 'Interim Report'

Rhea-AI Summary

MGE Energy, Inc. (NASDAQ: MGEE) aims to reduce carbon emissions by at least 80% by 2030, working towards net-zero carbon electricity by mid-century. The latest investor newsletter, 'Interim Report,' discusses 2021 earnings, steady dividend growth, and includes the Annual Corporate Responsibility and Sustainability Report. An upcoming virtual annual meeting is scheduled for May 17. In 2021, MGE Energy reported revenues of approximately $607 million and has assets totaling around $2.4 billion.

Positive

• Goal to reduce carbon emissions by at least 80% by 2030.
• Steady dividend growth indicated in the newsletter.
• 2021 revenues reported at approximately $607 million.

Negative

• None.

MADISON, Wis.--(BUSINESS WIRE)-- MGE Energy, Inc. (Nasdaq: MGEE) highlights in its latest investor newsletter, "Interim Report," the Company's goal of reducing carbon emissions at least 80 percent by 2030 as it works toward net-zero carbon electricity by mid-century. The newsletter also includes the following topics:

- 2021 earnings
- Steady dividend growth
- Annual Corporate Responsibility and Sustainability Report
- Virtual annual meeting on May 17

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 $2.4 billion, and its 2021 revenues were approximately $607 million.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005982/en/

Investor relations contact

Ken Frassetto

Director Shareholder Services and Treasury Management

608-252-4723 | kfrassetto@mge.com

Source: MGE Energy, Inc.

FAQ

What are MGE Energy's emission reduction goals?

MGE Energy aims to reduce carbon emissions by at least 80% by 2030.

When is MGE Energy's virtual annual meeting scheduled?

The virtual annual meeting is scheduled for May 17.

What were MGE Energy's revenues in 2021?

MGE Energy reported revenues of approximately $607 million in 2021.

What is the purpose of MGE Energy's 'Interim Report'?

The 'Interim Report' provides investors with information about MGE Energy and its subsidiary, Madison Gas and Electric.

How much are MGE Energy's total assets?

MGE Energy's total assets are approximately $2.4 billion.