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MGE Energy Inc. (MGEE)

38.80 Down 0.15(0.39%) 10:15AM EDT - Nasdaq Real Time Price
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MGE Energy Inc.
133 South Blair Street
Madison, WI 53788
United States - Map
Phone: 608-252-7000

Index Membership:N/A
Industry:Diversified Utilities
Full Time Employees:N/A

Business Summary 

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in Wisconsin. It operates through five segments: Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity, as well as owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, and maintains transmission facilities to provide transmission services. It generates electricity from coal, natural gas, fuel oil, and wind, as well as purchases power under short and long-term commitments; owns gas fired combustion turbines that have a total of 154 megawatt (MW) net summer rated capacity; 30 MW consisting of 18 turbines in a wind-powered electric generating facility; and 11 MW consisting of 17 turbines in a wind-powered electric generating facility. The company also purchases and distributes natural gas covering approximately 1,649 square miles in seven south-central Wisconsin counties. It serves residential, commercial, and industrial customers, as well as public authorities, other utilities, and power marketers. As of December 31, 2013, the company supplied electric service to approximately 141,000 customers in the cities of Fitchburg, Madison, Middleton, and Monona; and natural gas service to approximately 147,000 customers in the cities of Elroy, Fitchburg, Lodi, Madison, Middleton, Monona, Prairie du Chien, Verona, and Viroqua. MGE Energy, Inc. was founded in 1855 and is based in Madison, Wisconsin.

Key Statistics

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Corporate Governance 
MGE Energy Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 3. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 6; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Gary J. Wolter , 59
Chairman, Chief Exec. Officer, Pres, Member of Exec. Committee, Chairman of Madison Gas & Electric Company, Chief Exec. Officer of Madison Gas & Electric Company and Pres of Madison Gas & Electric Company
Mr. Jeffrey C. Newman , 51
Chief Financial Officer, principal Accounting Officer, VP, Treasurer and Sec.
Mr. Peter J. Waldron , 56
Chief Information Officer and VP
Ms. Kristine A. Euclide , 61
Gen. Counsel and VP
Mr. Scott A. Neitzel , 53
Sr. VP
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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