Profile: MGE Energy Inc (MGEE.O)
22 Nov 2017
MGE Energy, Inc. (MGE), incorporated on October 31, 2001, is a public utility holding company. The Company operates through five segments: Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations; Transmission investments, and All other. The Company's principal subsidiary is Madison Gas and Electric Company (MGE), which generates and distributes electric energy, and distributes natural gas. MGE generates and distributes electricity to customers in Dane County, Wisconsin, including the city of Madison, and purchases and distributes natural gas to customers in the Wisconsin counties of Columbia, Crawford, Dane, Iowa, Juneau, Monroe and Vernon. Its nonregulated energy operations own interests in electric generating capacity that is leased to MGE. As of December 31, 2016, the nonregulated energy operations included an ownership interest in two coal-fired generating units in Oak Creek, Wisconsin and a partial ownership of a cogeneration project on the UW-Madison campus.
Regulated electric utility operations
The Regulated electric utility operations segment is engaged in generating, purchasing and distributing electricity through MGE. As of December 31, 2016, MGE distributed electricity in a service area covering a 316 square-mile area of Dane County, Wisconsin. The service area includes the city of Madison, Wisconsin. It owns or leases ownership interests in electric generation facilities located in Wisconsin and Iowa.
Regulated gas utility operations
The Regulated gas utility operations segment is engaged in purchasing and distributing natural gas through MGE. As of December 31, 2016, MGE transported and distributed natural gas in a service area covering 1,682 square miles in seven south-central Wisconsin counties. The service area includes the city of Madison, Wisconsin and surrounding areas. At December 31, 2016, MGE supplied natural gas service to customers in the cities of Elroy, Fitchburg, Lodi, Madison, Middleton, Monona, Prairie du Chien, Verona and Viroqua; 25 villages, and all or parts of 48 townships.
Nonregulated energy operations
The Nonregulated energy operations segment is engaged in owning and leasing electric generating capacity that assists MGE through MGE Energy's subsidiaries MGE Power Elm Road, LLC (MGE Power Elm Road) and MGE Power West Campus, LLC (MGE Power West Campus). MGE Energy, through its subsidiaries, has developed generation sources.
The 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, and its investment in ATC Holdco, LLC (ATC Holdco), a company created to facilitate out-of-state electric transmission development and investments. ATC plans, constructs, operates, maintains and expands transmission facilities that it owns to provide transmission of power.
The All other segment is engaged in investing in companies and property that relate to the regulated operations. The segment is also engaged in financing the regulated operations, through its subsidiaries Central Wisconsin Development Corporation (CWDC), MAGAEL, LLC (MAGAEL), MGE State Energy Services, LLC (MGE State Energy Services) and NGV Fueling Services, LLC (NGV Fueling Services).
MGE Energy Inc
133 S Blair St
PO Box 1231
MADISON WI 53701-1231