MGE Energy Issues May 2022 'Inside View'

Rhea-AI Summary

MGE Energy, Inc. (Nasdaq: MGEE) emphasizes its commitment to a clean energy transition in its latest investor newsletter, Inside View. Key topics include significant capital expenditures and asset growth driven by clean energy projects, alongside plans for new wind, solar, and battery storage initiatives. The company is also expanding its smart thermostat program and proposes electric rate changes for 2023. MGE’s financial stability supports its long-term goals, which aim to enhance value and promote a cleaner future.

Positive

• Strong capital expenditures supporting clean energy transition.
• Expansion of smart thermostat program.
• Advancement in new wind, solar, and battery storage projects.
• Financial strength enhancing value for shareholders.

Negative

• Proposed electric rate changes may be seen negatively by customers.

MADISON, Wis.--(BUSINESS WIRE)-- MGE Energy, Inc. (Nasdaq: MGEE) highlights its clean energy transition and industry-leading carbon reduction goals in its investor newsletter, Inside View, which also includes the following topics:

- Clean energy transition fueling capital expenditures, asset growth
- Financial strength to build value, power a cleaner future
- MGE’s smart thermostat program expanding
- New wind, solar and battery storage projects moving forward
- MGE proposes electric rate changes for 2023

The newsletter is available on MGE Energy's website at:

http://www.mgeenergy.com/insideview

Inside View is published periodically 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/20220518005858/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 plans for clean energy projects in 2023?

MGE Energy is advancing new wind, solar, and battery storage projects.

How is MGE Energy promoting its clean energy initiatives?

MGE is focusing on capital expenditures and expanding its smart thermostat program.

What financial activities did MGE Energy highlight in its newsletter?

MGE Energy emphasized its financial strength to build value and support clean energy projects.

What is the latest investor newsletter from MGE Energy?

The latest newsletter is titled Inside View.