Profile: MGE Energy Inc (MGEE.O)
26 Sep 2016
MGE Energy, Inc., incorporated on October 31, 2001, is a holding company. The Company operates through its subsidiaries. The Company operates through five segments: Regulated electric utility operations, Regulated gas utility operations, Nonregulated energy operations, Transmission investments and All other.
Regulated electric utility operations
The Company's Regulated electric utility operations segment generates, purchases and distributes electricity through Madison Gas and Electric Company (MGE). MGE distributes electricity in a service area covering a 316 square-mile area of Dane County, Wisconsin. It owns or leases ownership interests in electric generation facilities located in Wisconsin and Iowa.
Regulated gas utility operations
MGE transports and distributes natural gas in a service area covering approximately 1,682 square miles in over seven south-central Wisconsin counties. The service area includes the city of Madison, Wisconsin and surrounding areas. The Company's service territory, which includes Madison and the surrounding area, receives deliveries at Northern Natural Gas Company and ANR Pipeline Company gas stations.
Nonregulated energy operations
The Company's Nonregulated energy operations segment comprises development of generation sources. These sources consist of the Elm Road Units and the West Campus Cogeneration Facility (WCCF), which are leased by MGE Power Elm Road and MGE Power West Campus to the Company.
The Company's Transmission investments segment represents its investment in American Transmission Company LLC (ATC), a company engaged in the business of providing electric transmission services primarily in Wisconsin. ATC plans, constructs, operates, maintains, and expands transmission facilities that it owns to provide adequate and reliable transmission of power.
The All other segment is engaged in investing in companies and property that relate to the regulated operations and financing the regulated operations through its subsidiaries. The subsidiaries include Central Wisconsin Development Corporation, MAGAEL, LLC, MGE State Energy Services, LLC and NGV Fueling Services, LLC. It also includes corporate functions.
MGE Energy Inc
133 S Blair St
PO Box 1231
MADISON WI 53701-1231