Earnings summaries and quarterly performance for MGE ENERGY.
Executive leadership at MGE ENERGY.
Jeff Keebler
Detailed
Chairman, President and Chief Executive Officer
CEO
CA
Cari Anne Renlund
Detailed
Vice President, General Counsel and Secretary
JL
James Lorenz
Detailed
Vice President – Energy Operations
JB
Jared Bushek
Detailed
Vice President – Chief Financial Officer and Treasurer
LH
Lynn Hobbie
Detailed
Executive Vice President – Marketing and Communications
Board of directors at MGE ENERGY.
Research analysts covering MGE ENERGY.
Recent press releases and 8-K filings for MGEE.
MGEE Issues $90 Million in Senior Notes
MGEE
Debt Issuance
New Projects/Investments
- Madison Gas and Electric Company (MGE) issued $90 million in aggregate principal amount of unsecured Senior Notes on January 22, 2026, with proceeds intended for capital expenditures and other corporate obligations.
- The issuance includes three series: $30,000,000 Series A at 5.05% due January 31, 2036; $30,000,000 Series B at 5.25% due January 31, 2041; and $30,000,000 Series C at 5.79% due January 31, 2056.
- Interest on these Notes will be payable semi-annually, commencing July 31, 2026.
- The Note Purchase Agreement requires MGE to maintain a consolidated indebtedness to consolidated total capitalization ratio not exceeding 65% and limits "Priority Debt" to 20% of consolidated assets.
Jan 27, 2026, 3:15 PM
MGE Energy Seeks Approval for New Solar and Battery Storage Projects
MGEE
New Projects/Investments
- MGE Energy is seeking approval to add over 85 megawatts (MW) of solar capacity and 18 MW of battery storage to its generation portfolio.
- These investments are part of MGE's strategy to achieve net-zero carbon electricity by 2050 and contribute to the goal of adding more than 750 MW of renewable generation and battery storage projects since 2015 by 2030.
- The company plans to acquire a 10% share in five large-scale solar facilities, developed in partnership with WEC Energy Group, which will bring over 1,000 MW of solar energy and battery storage to Wisconsin.
- MGE's proposed shares include 20 MW from Akron Solar, 18 MW of solar and 18 MW of battery storage from Dawn Break Solar and Storage, 22.5 MW from Emerald Bluffs Solar Park, 10 MW from Fox Solar, and 15 MW from Superior Solar Energy Center.
Nov 5, 2025, 9:02 PM
MGE Energy Reports Strong Third-Quarter 2025 Earnings
MGEE
Earnings
New Projects/Investments
- MGE Energy reported GAAP earnings of $44.5 million, or $1.22 per share, for the third quarter of 2025, an increase from $40.9 million, or $1.13 per share, in the same period of the prior year.
- The increase in earnings was primarily driven by rate base investment growth and non-utility investment gains.
- Electric segment earnings rose by $1.3 million in the third quarter of 2025, supported by the operational launch of the Darien Solar Project in March 2025 and the Paris Battery Energy Storage System (BESS) in June 2025.
- Non-utility earnings benefited from $2.2 million in investment gains from venture capital funds.
Nov 5, 2025, 5:54 PM
MGE Energy Reports Strong Third-Quarter 2025 Earnings
MGEE
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- MGE Energy reported third-quarter 2025 GAAP earnings of $44.5 million, or $1.22 per share, an increase from $40.9 million, or $1.13 per share, for the same period in the prior year.
- The electric segment's earnings increased by $1.3 million due to strategic capital investments, including the successful deployment of the Darien Solar Project in March 2025 and the Paris Battery Energy Storage System (BESS) in June 2025.
- Non-utility earnings were positively impacted by approximately $2.2 million in investment gains from venture capital funds.
Nov 5, 2025, 5:14 PM
MGE Energy Inc. Announces $50 Million Senior Notes Issuance
MGEE
Debt Issuance
New Projects/Investments
- Madison Gas and Electric Company (MGE) entered into a Note Purchase Agreement on October 14, 2025, for the issuance of $50 million in aggregate principal amount of senior notes.
- The issuance includes $25 million of 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million of 5.76% Senior Notes, Series B, due November 15, 2055, with the closing scheduled for November 13, 2025.
- These unsecured notes are intended to fund capital expenditures and other corporate obligations.
- MGE is required to maintain a ratio of its consolidated indebtedness to consolidated total capitalization not to exceed 65% and is restricted from issuing "Priority Debt" exceeding 20% of its consolidated assets.
Oct 16, 2025, 2:52 PM
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