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MGE Energy 
Energy / Electric and gas utilities
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Company at a Glance
Price
Overview
MGE Energy is a utility company that provides electricity and natural gas services to residential, commercial, and industrial customers in Wisconsin. The company is headquartered in Madison, Wisconsin and serves approximately 149,000 electric customers and 161,000 natural gas customers.
MGE Energy's history dates back to 1855 when the Madison Gas Company was formed. In 1980, the company changed its name to Madison Gas and Electric (MGE) and became a publicly traded company. In 2001, MGE Energy was formed as a holding company for MGE.
Today, MGE Energy is a leading provider of clean energy in the Midwest and is committed to transitioning to a more sustainable and renewable energy future. The company has invested in renewable energy projects such as wind and solar, and is also working to reduce its carbon footprint through energy efficiency initiatives and partnerships with local organizations.
MGE Energy also has a strong commitment to its local community, supporting various organizations and initiatives through volunteerism, charitable giving, and partnerships.
MGE Energy's mission is to provide reliable, affordable, and sustainable energy services to its customers while also being a responsible corporate citizen.
MGE Energy's history dates back to 1855 when the Madison Gas Company was formed. In 1980, the company changed its name to Madison Gas and Electric (MGE) and became a publicly traded company. In 2001, MGE Energy was formed as a holding company for MGE.
Today, MGE Energy is a leading provider of clean energy in the Midwest and is committed to transitioning to a more sustainable and renewable energy future. The company has invested in renewable energy projects such as wind and solar, and is also working to reduce its carbon footprint through energy efficiency initiatives and partnerships with local organizations.
MGE Energy also has a strong commitment to its local community, supporting various organizations and initiatives through volunteerism, charitable giving, and partnerships.
MGE Energy's mission is to provide reliable, affordable, and sustainable energy services to its customers while also being a responsible corporate citizen.
What is special about the company?
1. Strong Focus on Renewable Energy: MGE Energy has set a goal to reach net-zero carbon electricity by 2050 and is actively investing in renewable energy sources such as wind, solar, and biomass.
2. Community Involvement: The company prides itself on being a good corporate citizen and has a strong commitment to supporting the communities it serves. MGE Energy and its employees are involved in various philanthropic and volunteer initiatives in the areas of education, environment, and social equity.
3. Reliability and Sustainability: MGE Energy has a strong track record of providing reliable and sustainable energy to its customers for over 150 years. The company has a robust infrastructure and regularly invests in modernizing and upgrading its systems to ensure high-quality service.
4. Diverse Energy Portfolio: The company has a diverse mix of energy sources, including natural gas, coal, nuclear, and renewable energy. This diverse portfolio allows it to provide reliable and affordable energy while also reducing its carbon footprint.
5. Strong Financial Performance: MGE Energy has consistently delivered strong financial results, demonstrating its stability and resilience in a changing energy market. This has allowed the company to continue investing in clean energy and infrastructure improvements while also providing shareholder value.
6. Customer-Oriented Approach: The company prioritizes customer satisfaction and has implemented various programs to promote energy efficiency and assist customers in reducing their energy costs.
7. Innovative Initiatives: MGE Energy is constantly seeking out new and innovative ways to improve its operations and serve its customers. This includes investing in smart grid technology, implementing electric vehicle charging stations, and exploring new energy storage options.
8. Commitment to Diversity and Inclusion: MGE Energy promotes diversity and inclusion within its organization and has programs in place to support underrepresented groups, such as women and minorities, in the energy industry.
9. Strong Leadership: The company is led by a team of experienced and knowledgeable leaders who are committed to sustainable and responsible business practices.
10. Industry Recognition: MGE Energy has been recognized for its strong performance and sustainability efforts, including being named one of the World's Most Ethical Companies by the Ethisphere Institute and one of the Top Green Companies by Newsweek.
2. Community Involvement: The company prides itself on being a good corporate citizen and has a strong commitment to supporting the communities it serves. MGE Energy and its employees are involved in various philanthropic and volunteer initiatives in the areas of education, environment, and social equity.
3. Reliability and Sustainability: MGE Energy has a strong track record of providing reliable and sustainable energy to its customers for over 150 years. The company has a robust infrastructure and regularly invests in modernizing and upgrading its systems to ensure high-quality service.
4. Diverse Energy Portfolio: The company has a diverse mix of energy sources, including natural gas, coal, nuclear, and renewable energy. This diverse portfolio allows it to provide reliable and affordable energy while also reducing its carbon footprint.
5. Strong Financial Performance: MGE Energy has consistently delivered strong financial results, demonstrating its stability and resilience in a changing energy market. This has allowed the company to continue investing in clean energy and infrastructure improvements while also providing shareholder value.
6. Customer-Oriented Approach: The company prioritizes customer satisfaction and has implemented various programs to promote energy efficiency and assist customers in reducing their energy costs.
7. Innovative Initiatives: MGE Energy is constantly seeking out new and innovative ways to improve its operations and serve its customers. This includes investing in smart grid technology, implementing electric vehicle charging stations, and exploring new energy storage options.
8. Commitment to Diversity and Inclusion: MGE Energy promotes diversity and inclusion within its organization and has programs in place to support underrepresented groups, such as women and minorities, in the energy industry.
9. Strong Leadership: The company is led by a team of experienced and knowledgeable leaders who are committed to sustainable and responsible business practices.
10. Industry Recognition: MGE Energy has been recognized for its strong performance and sustainability efforts, including being named one of the World's Most Ethical Companies by the Ethisphere Institute and one of the Top Green Companies by Newsweek.
What the company's business model?
MGE Energy is a publicly traded energy holding company based in Wisconsin, United States. Its primary subsidiary, Madison Gas and Electric (MGE), provides electric and natural gas service to customers in southern Wisconsin.
MGE Energy's business model is centered around providing safe, reliable, and affordable energy services to its customers. This includes generating, purchasing, and distributing electricity and natural gas, as well as maintaining and expanding the necessary infrastructure to deliver these services.
Some of the key elements of MGE Energy's business model include:
1. Diversified Energy Portfolio: MGE Energy owns and operates a mix of energy generation assets, including natural gas, coal, and renewable sources such as wind and solar. This diversified portfolio allows the company to maintain a reliable and cost-effective energy supply for its customers.
2. Continuous Innovation: MGE Energy is committed to investing in new technologies and innovations to improve its energy services. This includes exploring and implementing renewable energy sources, energy efficiency programs, and smart grid technologies.
3. Customer Focus: MGE Energy strives to maintain a strong focus on meeting the needs and expectations of its customers. This includes providing transparent and timely communication, offering flexible rate options, and supporting community initiatives.
4. Financial Stability: As a publicly traded company, MGE Energy is committed to maintaining a strong financial standing. This allows the company to invest in its operations and provide a reliable return for its shareholders.
5. Sustainability: MGE Energy is dedicated to operating in an environmentally responsible manner. This includes reducing its carbon footprint, promoting energy efficiency, and investing in clean and renewable energy sources.
Overall, MGE Energy's business model is focused on delivering reliable, cost-effective, and sustainable energy services to its customers while maintaining financial stability and promoting innovation.
MGE Energy's business model is centered around providing safe, reliable, and affordable energy services to its customers. This includes generating, purchasing, and distributing electricity and natural gas, as well as maintaining and expanding the necessary infrastructure to deliver these services.
Some of the key elements of MGE Energy's business model include:
1. Diversified Energy Portfolio: MGE Energy owns and operates a mix of energy generation assets, including natural gas, coal, and renewable sources such as wind and solar. This diversified portfolio allows the company to maintain a reliable and cost-effective energy supply for its customers.
2. Continuous Innovation: MGE Energy is committed to investing in new technologies and innovations to improve its energy services. This includes exploring and implementing renewable energy sources, energy efficiency programs, and smart grid technologies.
3. Customer Focus: MGE Energy strives to maintain a strong focus on meeting the needs and expectations of its customers. This includes providing transparent and timely communication, offering flexible rate options, and supporting community initiatives.
4. Financial Stability: As a publicly traded company, MGE Energy is committed to maintaining a strong financial standing. This allows the company to invest in its operations and provide a reliable return for its shareholders.
5. Sustainability: MGE Energy is dedicated to operating in an environmentally responsible manner. This includes reducing its carbon footprint, promoting energy efficiency, and investing in clean and renewable energy sources.
Overall, MGE Energy's business model is focused on delivering reliable, cost-effective, and sustainable energy services to its customers while maintaining financial stability and promoting innovation.
Interesting facts about the company
1. MGE Energy Inc. is a publicly traded holding company headquartered in Madison, Wisconsin. It was founded in 1868 as Madison Gas and Electric Company and changed its name to MGE Energy Inc. in 2001.
2. MGE Energy is the parent company of two subsidiaries: Madison Gas and Electric Company (MGE) and MGE Power. MGE is a regulated utility that provides electricity and natural gas service to over 150,000 customers in Wisconsin. MGE Power engages in non-regulated energy development, including renewable energy projects.
3. MGE Energy has been a leader in renewable energy development. In 1999, MGE built a 14.7-megawatt wind farm in Kewaunee County, Wisconsin. It was the first in Wisconsin and one of the first in the U.S. to be owned by a utility. In 2018, MGE launched its Community Energy Plan, a goal to reach net-zero carbon electricity by 2050.
4. MGE Energy is committed to sustainability and has been recognized for its efforts. It has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for 12 consecutive years and was ranked among the Top Green Companies by Newsweek in 2017 and 2018.
5. MGE Energy has a strong focus on community involvement and philanthropy. In 2018, it donated over $1 million to local nonprofits and community initiatives, and its employees volunteered over 6,000 hours of their time.
6. MGE Energy has a diverse workforce, with women making up 40% of its board of directors and 24% of its executive team. In 2018, MGE received a perfect score on the Human Rights Campaign Foundation’s Corporate Equality Index, which measures LGBTQ-inclusive policies and practices.
7. MGE Energy is an industry leader in customer satisfaction. It has consistently received high scores in the ACSI Utility Customer Satisfaction Survey and was ranked the top Midwest regional electric utility by J.D. Power in 2018.
8. MGE Energy has a long history of financial stability and consistent dividends for its shareholders. It has increased its dividend for 39 consecutive years and has a strong credit rating from Moody’s and Standard and Poor’s.
9. In addition to its renewable energy projects, MGE Power also invests in emerging technologies. In 2019, MGE Power announced a partnership with We Energies to develop a 150-megawatt solar project in Wisconsin, one of the largest in the Midwest.
10. MGE Energy is committed to cybersecurity and has implemented a multi-layered approach to protect its systems and customer data. It also offers resources and tips to help customers protect their personal information and prevent fraud.
See Company Q&A
2. MGE Energy is the parent company of two subsidiaries: Madison Gas and Electric Company (MGE) and MGE Power. MGE is a regulated utility that provides electricity and natural gas service to over 150,000 customers in Wisconsin. MGE Power engages in non-regulated energy development, including renewable energy projects.
3. MGE Energy has been a leader in renewable energy development. In 1999, MGE built a 14.7-megawatt wind farm in Kewaunee County, Wisconsin. It was the first in Wisconsin and one of the first in the U.S. to be owned by a utility. In 2018, MGE launched its Community Energy Plan, a goal to reach net-zero carbon electricity by 2050.
4. MGE Energy is committed to sustainability and has been recognized for its efforts. It has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for 12 consecutive years and was ranked among the Top Green Companies by Newsweek in 2017 and 2018.
5. MGE Energy has a strong focus on community involvement and philanthropy. In 2018, it donated over $1 million to local nonprofits and community initiatives, and its employees volunteered over 6,000 hours of their time.
6. MGE Energy has a diverse workforce, with women making up 40% of its board of directors and 24% of its executive team. In 2018, MGE received a perfect score on the Human Rights Campaign Foundation’s Corporate Equality Index, which measures LGBTQ-inclusive policies and practices.
7. MGE Energy is an industry leader in customer satisfaction. It has consistently received high scores in the ACSI Utility Customer Satisfaction Survey and was ranked the top Midwest regional electric utility by J.D. Power in 2018.
8. MGE Energy has a long history of financial stability and consistent dividends for its shareholders. It has increased its dividend for 39 consecutive years and has a strong credit rating from Moody’s and Standard and Poor’s.
9. In addition to its renewable energy projects, MGE Power also invests in emerging technologies. In 2019, MGE Power announced a partnership with We Energies to develop a 150-megawatt solar project in Wisconsin, one of the largest in the Midwest.
10. MGE Energy is committed to cybersecurity and has implemented a multi-layered approach to protect its systems and customer data. It also offers resources and tips to help customers protect their personal information and prevent fraud.
See Company Q&A
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