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.
MGE Energy (Nasdaq: MGEE) has announced plans for Wisconsin's largest solar battery project in its latest investor newsletter. The 'Interim Report' covers several key updates, including the virtual annual meeting of shareholders, proposed rate changes, first-quarter earnings, and recent safety awards. MGE Energy, headquartered in Madison, Wis., has assets of around $2.3 billion and reported revenues of approximately $539 million in 2020. The full newsletter is accessible on their website.
MGE Energy (Nasdaq: MGEE) showcases its progress in asset growth and renewable energy initiatives in its newsletter Inside View. Key topics include investments in renewable technology, the planned retirement of the Columbia Energy Center, and the establishment of a downtown charging hub for electric vehicles. MGE Energy’s total assets reach approximately $2.3 billion, with reported revenues of $539 million in 2020. The newsletter aims to enhance investor communication and is accessible on their website.
MGE Energy, Inc. (Nasdaq: MGEE) will present at the 2021 AGA Virtual Financial Forum on May 19, 2021. The presentation is accessible on MGE Energy's official website. Headquartered in Madison, Wisconsin, MGE Energy is an investor-owned public utility holding company with assets totaling approximately $2.3 billion. In 2020, the company reported $539 million in revenues and serves the electricity and natural gas needs of various Wisconsin counties through its subsidiary, Madison Gas and Electric.
MGE Energy, Inc. (Nasdaq: MGEE) announced a quarterly dividend of $0.37 per share, payable on June 15, 2021, to shareholders recorded by the close of business on June 1, 2021. This marks MGE's 45th consecutive annual dividend increase and extends its history of cash dividend payments for over 110 years.
MGE Energy operates as a utility holding company, primarily through its subsidiary Madison Gas and Electric, serving over 157,000 electricity customers and 166,000 natural gas customers across Wisconsin.
MGE Energy (Nasdaq: MGEE) released its first-quarter 2021 financial update. The presentation is accessible on their website, outlining the company's current financial status.
Headquartered in Madison, Wisconsin, MGE Energy operates as a public utility holding company, primarily through Madison Gas and Electric. The company boasts total assets of approximately $2.3 billion and reported revenues of around $539 million for 2020.
MGE Energy reported a net income of $34.9 million or $0.97 per share for Q1 2021, rising from $26.0 million or $0.75 per share in Q1 2020. The increase was driven by higher electric earnings from investments in the rate base and the completion of the Two Creeks solar project. Operating revenue also grew to $167.9 million, compared to $149.9 million the previous year. However, commercial retail sales fell by 4%, despite a 9% rise in residential sales.
MGE Energy (Nasdaq: MGEE) executives Jared Bushek and Tammy Johnson will present at the Siebert Williams Shank's Virtual West Coast Utilities Conference on March 17th. The presentation will be accessible on MGE Energy's website. MGE Energy is a public utility holding company based in Madison, Wisconsin, overseeing Madison Gas and Electric, which provides electricity and natural gas in Wisconsin. The company's total assets are approximately $2.3 billion, with 2020 revenues around $539 million.
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.
MGE Energy (Nasdaq: MGEE) released its fourth-quarter 2020 financial update, available on their website. The company, headquartered in Madison, Wisconsin, operates as an investor-owned public utility holding firm. MGE Energy’s assets are approximately $2.3 billion, with reported revenues around $539 million for 2020. The update provides stakeholders with insights into financial performance and operational metrics.
MGE Energy reported a strong performance for 2020, with GAAP earnings of $92.4 million ($2.60 per share), an increase from $86.9 million ($2.51) in 2019. This growth was driven by AFUDC equity from solar projects and operating cost savings. The Two Creeks and Badger Hollow solar projects will enhance renewable energy supply as part of MGE’s goal for net-zero carbon by 2050. However, COVID-19 impacted retail sales, leading to a 7% drop in commercial electric sales and a 3% decrease in Q4 earnings compared to 2019.
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