Madison Gas and Electric
Madison Gas and Electric Company (MGE) is a regulated electric and natural gas utility serving approximately 165,000 electric customers and 165,000 natural gas customers in Dane County, Wisconsin — the Madison metropolitan area — as a wholly owned subsidiary of MGE Energy, Inc. (NASDAQ: MGEE). Founded in 1896 and one of the smaller investor-owned utilities in the United States by customer count, MGE has consistently been recognized as one of the most innovative and sustainability-oriented electric utilities in the country, with a long track record of environmental leadership, renewable energy development, and customer-focused innovation that has made it a model for other utilities pursuing clean energy transition. According to its website at mge.com, the company is committed to providing reliable, affordable, and increasingly clean energy to the Madison area community while investing in the sustainable energy infrastructure required for a clean energy future.
MGE's clean energy transition program, described at mge.com, has positioned the company as a leader among U.S. electric utilities in renewable energy development, with substantial investment in solar generation, wind energy, and battery energy storage that has significantly increased the renewable share of MGE's electric generation mix. The company has set ambitious goals including achieving net-zero carbon electricity by 2050 with interim milestones of 80% carbon-free electricity by 2030, and has pursued these goals through the development and acquisition of utility-scale solar and wind projects alongside investments in customer-side solar and demand response programs that engage MGE's electricity customers in the clean energy transition. MGE's renewable energy programs have earned recognition from environmental and energy policy organizations as among the most progressive renewable energy agendas of any U.S. investor-owned utility.
MGE Energy's financial characteristics reflect its status as a small but financially sound regulated electric and gas utility with strong regulatory relationships with the Public Service Commission of Wisconsin, investment-grade credit ratings, and a consistent dividend payment history that has made it attractive to income-oriented investors seeking regulated utility exposure. According to mge.com and MGE Energy investor materials, the company's focused Madison market presence, high customer satisfaction levels, and strong community relationships provide it with a solid foundation for continued investment in clean energy infrastructure that earns regulated returns while advancing its environmental sustainability goals. MGE's combination of clean energy leadership, Madison community focus, regulated utility earnings stability, and 125-plus year operating history establishes it as a distinctive and admired participant in the Wisconsin utility sector.