MG&E PLANS TO LOWER ELECTRIC RATES AND RAISE NATURAL GAS RATES

Madison Gas and Electric has announced it is asking for a settlement agreement with the
Wisconsin Public Service Commission which would slightly lower electric rates and slightly
increase natural gas rates for its Dane County customers. If approved, the rate changes would
take effect January 1, 2019, and run through the end of 2020, according to Steven Schultz of
MG&E.

For the typical electric customer, the rate would decrease about $1.33 a month to the end of
2020. A typical MG&E natural gas customer will see a bill increase of around 36 cents per
month in 2019 and 97 cents per month in 2020.

The electric decrease is caused by the tax change impact of 2017 along with the anticipated
savings of a new wind farm currently under construction in Iowa set to come on-line in the
Spring of 2019.

The natural gas increase is due to infrastructure changes including pipeline restructuring to
ensure natural gas delivery. The settlement will be submitted to the Public Service Commission
for approval with a decision expected later in 2018.

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