Market Capitalization (Millions $) |
2,627 |
Shares
Outstanding (Millions) |
36 |
Employees |
714 |
Revenues (TTM) (Millions $) |
723 |
Net Income (TTM) (Millions $) |
108 |
Cash Flow (TTM) (Millions $) |
-7 |
Capital Exp. (TTM) (Millions $) |
17 |
Mge Energy Inc
MGE Energy Inc. is a public utility holding company headquartered in Madison, Wisconsin. It is the parent company of Madison Gas and Electric (MGE), a regulated utility that provides electric and natural gas service in south-central Wisconsin. MGE Energy is publicly traded on the Nasdaq exchange under the ticker symbol MGEE.
MGE Energy operates in two primary segments: regulated energy and nonregulated energy. The regulated energy segment includes the utility's electric and natural gas operations, which are subject to state and federal regulation. MGE serves approximately 155,000 electric customers and 160,000 natural gas customers in Dane County and parts of surrounding counties. The company operates and maintains more than 1,400 miles of transmission lines, over 4,800 miles of distribution lines, and nearly 500 miles of natural gas mains.
The nonregulated energy segment includes the company's non-utility operations, which primarily consist of owning and leasing renewable energy projects. MGE Energy has investments in several wind, solar, and biomass projects, totaling approximately 53 MW of capacity. These projects help the company to achieve its sustainability and environmental goals, while also providing a source of revenue.
MGE Energy's management team is led by Chairman, President, and CEO Jeffrey Keebler. The company has a strong commitment to sustainability, and in 2015, it set a goal to supply 25% of its retail electric sales with renewable resources by 2025. MGE Energy has also committed to reducing its carbon dioxide emissions by 80% by 2050, compared to 2005 levels.
MGE Energy has a long history in Wisconsin, dating back to 1855 when the company's predecessor, Madison Gas Light & Coke Company, was founded. Today, the company is a leader in renewable energy, grid modernization, and energy efficiency, and it is committed to providing safe, reliable, and sustainable energy to its customers.
Company Address: 133 South Blair Street Madison 53788 WI
Company Phone Number: 252-7000 Stock Exchange / Ticker: NASDAQ MGEE
MGEE is expected to report next financial results on August 03, 2023. |
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