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) has announced the launch of the Badger Hollow Solar Farm Phase I, contributing to its sustainable energy initiatives. This facility adds 50 MW of locally generated, carbon-free electricity, enough to power approximately 16,500 households. MGE aims to reduce carbon emissions by 65% by 2030 and achieve net-zero carbon electricity by 2050. Additionally, MGE celebrates the one-year anniversary of the Two Creeks Solar project, which has produced enough energy to power 64 million smartphones in its first year. MGE continues to invest in renewable energy solutions.
MGE Energy (Nasdaq: MGEE) announced that its senior management will present at the 2021 EEI Financial Conference in Hollywood, Florida, from November 7-9, 2021. The presentation will be accessible on MGE Energy's official website. With assets totaling approximately $2.3 billion and 2020 revenues around $539 million, MGE Energy is a leading investor-owned public utility company based in Madison, Wisconsin, serving electricity and natural gas to multiple counties.
MGE Energy, Inc. (Nasdaq: MGEE) reported its Q3 2021 earnings showing a rise in net income to
Madison Gas and Electric (MGE) plans to eliminate coal-fired generation from its portfolio by 2035, marking a significant step towards achieving net-zero carbon electricity. As a minority owner (8.33%) of the
MGE Energy, Inc. (Nasdaq: MGEE) celebrates 46 consecutive years of dividend increases in its latest investor newsletter, Inside View. Key topics include Board of Director changes, investments in renewable generation driving capital expenditures, and initiatives for enhancing customer experience. The newsletter is accessible on MGE Energy's website, providing vital information about the company and its subsidiary, Madison Gas and Electric. MGE Energy holds assets worth approximately $2.3 billion with 2020 revenues reported at $539 million.
The board of MGE Energy has declared a quarterly dividend of $0.3875 per share, payable on Dec. 15, 2021, to shareholders of record by the close of business on Dec. 1, 2021. MGE Energy has maintained a strong dividend growth record, increasing dividends annually for 46 years and paying cash dividends for over 110 years. This demonstrates the company's commitment to returning value to shareholders and its financial stability in the utility sector.
MGE Energy, Inc. (Nasdaq: MGEE) released its second-quarter earnings in the latest "Interim Report." Highlights include a groundbreaking ceremony for a significant solar project and the opening of O’Brien Solar Fields to customers. The company has also appointed a former Madison police chief to its Boards of Directors. MGE Energy, based in Madison, Wis., operates Madison Gas and Electric, with total assets of approximately $2.3 billion and 2020 revenues around $539 million. The full report is available on their website.
MGE Energy, Inc. (Nasdaq: MGEE) has announced a 5% increase in its quarterly dividend rate to $0.3875 per share, raising the annual dividend from $1.48 to $1.55. This payment will be made on Sept. 15, 2021, to shareholders recorded by Sept. 1, 2021. The company has maintained a streak of 46 years of consecutive dividend increases and has paid dividends for over 110 years. MGE Energy's board emphasizes the importance of this increase in providing shareholder value and reflects the company's strong long-term business strategy.
MGE Energy, Inc. (Nasdaq: MGEE) released its second-quarter 2021 financial update presentation today. The update can be accessed on MGE Energy's official website. MGE Energy is a public utility holding company primarily operating through Madison Gas and Electric, which serves 157,000 electricity customers and 166,000 natural gas customers across various Wisconsin counties. The company has a long-standing presence in the Madison area, dating back over 150 years.
MGE Energy, Inc. (Nasdaq: MGEE) reported a net income of $22.9 million, or $0.63 per share, in Q2 2021, up from $18.8 million or $0.53 per share in Q2 2020. This increase is attributed to warmer weather and economic recovery. Operating revenue rose to $130.73 million from $117.04 million year-over-year. Electric sales surged, with a 9.4% increase in commercial sales and 1.4% in residential sales. Investments in renewable energy projects, including the completion of the Two Creeks solar project, contributed to growth, although operating costs are expected to rise in the latter half of 2021.
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