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MGE Energy Inc (MGE Energy) is a utility holding company. It carries out the generation, purchasing, and distribution of electricity and natural gas through its subsidiaries. The company provides leasing and owning of electric generating capacity through the company's subsidiaries, MGE Power Elm Road and MGE Power West Campus, and provides electric transmission services in Wisconsin. MGE Energy offers energy-related products and services, such as energy efficiency programs and consulting services for businesses and homeowners. The company holds an interest in two coal-fired generating plants (the Elm Road Units) located in Oak Creek, Wisconsin. MGE Energy is headquartered in Madison, Wisconsin, the US.
Headquarters
United States of America
Address
133 South Blair Street, Po Box 1231, Madison, Wisconsin, 53701-1231
Website
www.mgeenergy.com/en
Telephone
1 608 2524744
No of Employees
726
Industry
Power
Ticker Symbol & Exchange
MGEE (NASD)
Revenue (2024)
$743.7M
9.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
12.7%
(2024 vs 2023)
Market Cap*
$2.9B
Net Profit Margin (2024)
XYZ
2.6%
(2024 vs 2023)
* As of and is in US$
MGE Energy Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Non-Regulated Energy Operations |
| Regulated Electric Utility Operations |
| Regulated Gas Utility Operations |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In September, the company entered into a partnership with Realta Fusion for the development of a 200-megawatt electric fusion energy power plant in Wisconsin, the US. |
| 2015 | Contracts/Agreements | The company entered into a Credit Agreement (MGEE Credit Agreement) with various financial institutions, as lenders, and JPMorgan Chase Bank, as administrative agent. |
| 2014 | Contracts/Agreements | MGE Energy entered into a joint venture with Wisconsin Energy Corporation to evaluate the advisability and feasibility of bidding on generating assets owned by the State of Wisconsin. |
Competitor Comparison
| Key Parameters | MGE Energy Inc | Duke Energy Corp | American Electric Power Co Inc | Entergy Corporation | Black Hills Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Madison | Charlotte | Columbus | New Orleans | Rapid City |
| State/Province | Wisconsin | North Carolina | Ohio | Louisiana | South Dakota |
| No. of Employees | 726 | 26,441 | 17,581 | 12,000 | 2,795 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jeffrey M Keebler | Chief Executive Officer; President; Chairman | Executive Board | 2018 | 54 |
| Jared J Bushek | Vice President; Chief Financial Officer; Treasurer | Senior Management | 2020 | 45 |
| John A. Jicha | Vice President - Energy Supply | Senior Management | 2005 | - |
| James J. Lorenz | Vice President - Energy Operations | Senior Management | - | 59 |
| Jenny L. Lagerwall | Assistant Vice President - Accounting | Senior Management | 2024 | 41 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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