MGE Energy

Updated on Dec 25, 2024

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Type Public (NASDAQ: MGEE) Founded 1855		Website www.mgeenergy.com Total assets 1.731 billion USD (2015)

Industry Electricity and Natural Gas Utility Products electricity, natural gas, green energy options Stock price MGEE (NASDAQ) US$ 62.65 +1.70 (+2.79%)15 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters Madison, Wisconsin, United States Subsidiaries Madison Gas and Electric, Magael, Llc, MGE Power LLC, MGE Construct LLC

MGE Energy: MGE Energy, Inc. (Nasdaq: MGEE) is a utility holding company based in Madison, Wisconsin. Its main subsidiary, Madison Gas and Electric Co., produces and distributes electricity and distributes natural gas.

Subsidiaries

MGE Energy is the parent corporation and holding company of eight subsidiaries. They include:

Madison Gas and Electric Co. (MGE), a regulated utility, and its divisions, which serve natural gas and electric customers in south-central and south-western Wisconsin. MGE has 146,000 electric customers and 152,000 natural gas customers.

MGE Power, which owns assets in the West Campus Cogeneration Facility at Madison, Wis., and the Elm Road Generating Station at Oak Creek, Wis.

MGE Transco Investment, which owns interest in the American Transmission Co. through its members, MGE and MGE Energy

MGE Services provides construction and other services

Central Wisconsin Development Corp. promotes business growth in MGE’s service area

MAGAEL holds title to properties acquired for future utility plant expansion

North Mendota Energy & Technology Park owns property and serves as the development entity for the property

19th century

The company's history in the Madison area date back more than 150 years to when the Madison Gas Light and Coke Co. was founded.

In 1888, as the renamed Madison Electric Co., it began delivering electric service.

In 1892, the Four Lakes Light and Power Co. succeeded Madison Electric Co. and operated as Madison's electricity provider for the next four years.

In 1896, the local utility incorporated to become Madison Gas and Electric Co.

21st century

In 2001, the company formed a holding company named MGE Energy, Inc. − and Madison Gas and Electric Co. became its main subsidiary.

References

MGE Energy Wikipedia

(Text) CC BY-SA

Contents

Subsidiaries

19th century

21st century

References