MGE HAS STRONG CREDIT RATINGS

MGE Energy’s regulated utility, Madison Gas and Electric (MGE), continues to have top credit ratings in the nation for regulated utilities. Standard & Poor’s (S&P) and Moody’s give MGE the highest credit ratings for investor-owned, combination utilities.

S&P cites MGE’s effective management of regulatory risk, strong regulatory environment, focus on regulated, vertically integrated electric and natural gas distribution operations and conservative financial policies that ensure strong credit quality.

In its review, Moody’s cites MGE’s supportive regulatory environment that provides revenue and cash flow and stable and healthy credit metrics. Moody’s also states that its stable outlook rating assumes future prudently incurred investments will be recovered.

MG&E CHAIRMAN WOLTER TO STEP DOWN IN OCTOBER

Gary Wolter, Chairman of the Board of MGE Energy and of subsidiary Madison Gas &
Electric, will step down from those positions on October 1. Wolter will remain a member
of the boards of directors, according to documents filed with federal regulators.

MGE Receives Approval To Move Ahead With Largest Wind Farm To Date

Madison Gas and has received approval from the Public Service Commission of Wisconsin (PSCW) to construct, own and operate a 66-megawatt (MW) wind farm near Saratoga, Iowa. The
approximately $107 million project will be MGE’s largest wind farm to date—delivering energy to power approximately 47,000 homes. The decision by the PSCW enables MGE to continue advancing the company’s clean energy goals by increasing its use of renewable energy and further reducing carbon dioxide emissions as laid out in its Energy 2030 framework.

“MGE is committed to increasing renewable energy and driving carbon out of our energy supply mix,” President and CEO Jeff Keebler said. “We’re working to achieve a more sustainable energy supply mix using the best, most cost-effective technologies as they become available.”  Consisting of 33 wind turbines, the Saratoga Wind Farm will be located about 200 miles west of Madison, Wis. This site was chosen for its strong winds and proximity to existing transmission infrastructure, making it well situated for delivering clean energy to MGE customers.  “New wind turbine technology delivers greater efficiency, providing more electricity per turbine,” Keebler added.  “The economics of both the location and turbine technology will provide affordable, clean energy to MGE customers for years to come.”

MGE anticipates construction will begin in the spring of 2018, with the Saratoga Wind Farm online by the end of 2018.

ENERGY RESEARCH CONSORTIUM ANNOUNCES FIVE NEW MEMBERS

The Mid-West Energy Research Consortium has welcomed four new members to the
M-WERC team. SAS Institute, Alliant Energy, Madison Gas and Electric, OSIsoft and Tetra
Tech have all joined. M-WERC also thanked Kohler Company for their renewed support of
our organization. The SAS Institute is the world’s largest privately held software business
and is based out of Cary, North Carolina. They are a founding member of the Smart Cities
Technologies working group.

MGE PLANNING LARGE WIND PROJECT IN IOWA

Madison utility Madison Gas and Electric plans to build a $107 million, 66-megawatt wind
farm in Howard County, Iowa, that would become the company’s largest wind farm to
date. The project, known as Saratoga, will consist of 33-turbines on a 10-square-mile site
about 200 miles west of Madison. The site is well situated because of its strong winds and
proximity to transmission infrastructure. If approved, construction could begin in early
2018 and deliver enough electrical power for approximately 47,000 homes by the end
of 2018. The company said wind turbine technology has improved with larger turbines
producing energy more efficiently, making it a cost-effective, clean-energy option.

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