Welcome to our dedicated page for MGE Energy news (Ticker: MGEE), a resource for investors and traders seeking the latest updates and insights on MGE Energy stock.
MGE Energy Inc (symbol: MGEE) is a public utility holding company established in 1855, headquartered in Madison, Wisconsin. Through its subsidiaries, the company operates primarily in Wisconsin, providing essential utility services to a wide range of customers.
Core Operations:
- Regulated Electric Utility Operations: MGE Energy generates, purchases, and distributes electricity to approximately 155,000 customers in Dane County, Wisconsin. The company operates electric generation facilities in Wisconsin and Iowa.
- Regulated Gas Utility Operations: The company also purchases and distributes natural gas to around 163,000 customers across seven south-central and western Wisconsin counties, ensuring reliable energy supply.
- Non-regulated Energy Operations: MGE Energy invests in non-regulated energy projects, expanding its footprint beyond traditional utility services.
- Transmission Investments: The company plans, constructs, operates, maintains, and expands transmission facilities to provide dependable transmission services.
- All Other: This segment includes investments in various companies and properties, along with financing activities related to regulated operations.
Energy Sources:
MGE Energy generates electricity from a diverse mix of sources including coal, natural gas, fuel oil, and renewable energy. The company is committed to sustainability, investing in renewable energy projects to reduce its carbon footprint and promote environmental stewardship.
Recent Achievements and Projects:
MGE Energy continues to innovate and expand its services to meet growing demand. Recent projects include the upgrading of transmission infrastructure and the development of new renewable energy facilities.
Financial Condition and Partnerships:
The company's stable financial condition allows it to invest in critical infrastructure and pursue strategic partnerships. This financial stability ensures MGE Energy can continue to provide reliable services to its customers.
Overall, MGE Energy Inc plays a vital role in the energy landscape of Wisconsin, delivering essential utility services with a focus on sustainability and reliability.
Madison Gas and Electric (MGE), in collaboration with We Energies and Wisconsin Public Service, received approval to purchase solar energy and battery storage from the Koshkonong Solar Energy Center. MGE will own 30 MW of solar energy and 16.5 MW of battery storage, sufficient to power 9,000 households. The project is part of MGE's goal to achieve a net-zero carbon electricity by 2050, targeting an 80% reduction in carbon emissions by 2030. The Koshkonong center is expected to begin operations in late 2025, contributing to MGE's significant expansion of renewable capacity by over nine times since 2015.
MGE Energy reported a strong performance for the fourth quarter and full year of 2022. Full-year earnings rose to
The board of directors of MGE Energy (Nasdaq: MGEE) has declared a quarterly dividend of $0.4075 per share, payable on March 15, 2023, to shareholders of record by March 1, 2023. MGE Energy boasts a strong history, having increased its dividend annually for 47 years and paid cash dividends for over 110 years. The company serves 159,000 electricity customers and 169,000 natural gas customers across Wisconsin, demonstrating significant operational stability and commitment to returning value to shareholders.
MGE Energy, Inc. (Nasdaq: MGEE) released its annual Corporate Responsibility and Sustainability Report in its latest quarterly investor newsletter, 'Interim Report.' Highlights include a new newsletter schedule for 2023, third-quarter earnings, approval of EV managed charging pilots, and recognition as a Green Master for the ninth consecutive year. The newsletter aims to keep investors informed about MGE Energy and its subsidiary, Madison Gas and Electric. MGE Energy’s assets are valued at approximately $2.4 billion, with revenues around $607 million in 2021.
Madison Gas and Electric (MGE), in collaboration with We Energies and Wisconsin Public Service, received approval to purchase solar energy and battery storage from the Darien Solar Energy Center. MGE will own 25 MW of solar energy and 7.5 MW of battery storage, part of a larger 250-MW solar and 75-MW battery facility in Wisconsin. This project aligns with MGE's goal to reduce carbon emissions by at least 80% by 2030 and achieve net-zero carbon electricity by 2050, significantly increasing their renewable capacity. The facility is expected to start operations by the end of 2024.
MGE Energy, Inc. (Nasdaq: MGEE) has released its third-quarter 2022 financial update, highlighting significant developments in its operations. The public utility holding company serves 159,000 electricity customers and 169,000 natural gas customers across Dane County and seven other counties in Wisconsin. The detailed financial update is available for review on their official website, providing insights into the company's performance and future outlook.
MGE Energy, Inc. (Nasdaq: MGEE) reported Q3 2022 earnings of
The board of directors of MGE Energy (NASDAQ: MGEE) has announced a quarterly dividend of $0.4075 per share. This dividend will be payable on December 15, 2022, to shareholders on record as of December 1, 2022. MGE Energy has a strong history, having increased its dividends annually for the past 47 years and paid cash dividends for over 110 years. This consistent performance underscores the company's commitment to returning value to its shareholders.
MGE Energy, Inc. (Nasdaq: MGEE) celebrates 47 years of consecutive dividend increases in its investor newsletter, Inside View. The newsletter covers key topics such as MGE's investments in clean energy, its top ranking for electric reliability, and a recent safety award. MGE Energy, headquartered in Madison, Wisconsin, operates as an investor-owned public utility with assets totaling approximately $2.4 billion and revenues of around $607 million in 2021. The newsletter can be accessed on MGE Energy's website.
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