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.

MGE Energy Declares Regular Dividend

*It has come to our attention that there was a typo in the February Newsletter reporting of the MGE quarterly dividend rate.  The corrected article follows.  We apologize for any confusion this may have caused.

 

The Board of Directors of MGE Energy has declared the
regular quarterly dividend of 30.75 cents per share on
the outstanding shares of the company’s common stock,
payable March 15, 2017, to shareholders of record at the
close of business March 1, 2017.  MGE Energy has
increased its dividend annually for the past 41 years and
has paid cash dividends for more than 100 years.

Columbia Energy Air Quality Improvements Begun

A groundbreaking celebration has marked the start
of a large environmental technology project at the
Columbia Energy Center near Portage, Wisconsin.
Alliant Energy, along with the facility’s co-owners,
Wisconsin Public Service and Madison Gas and
Electric, are installing another air quality control
system at the facility. Utility employees were joined
by project contractors, labor leaders and federal,
state and local officials at the event.

The co-owners are building a selective catalytic
reduction (SCR) system at Unit 2 to reduce nitrogen
oxides by at least 50 percent. The total investment in
the environmental technology is approximately $110
million, and during construction, it is expected to
employ up to 100 workers. The project is scheduled
for completion by the end of 2018.

The SCR system is the second major air quality control
system installed at the Columbia Energy Center in
recent years. In 2014 baghouse and scrubber systems
were completed on both Units 1 and 2, and they are
reducing mercury and sulfur dioxide by over 90
percent from previous levels. These air quality
improvement projects at Alliant Energy’s largest
generating stations are part of an overall plan to move
toward cleaner energy. The plan also includes retiring
older and less efficient facilities, building the natural
gas-fueled Riverside expansion near Beloit, Wis.,
additional renewable energy and continued investments
in energy efficiency.

MGE Announces Leadership Changes

 

Madison Gas and Electric and MGE Energy have announced
that effective March 1, 2017, Gary Wolter will retire as
President and CEO of MGE Energy and its subsidiary,
Madison Gas and Electric Company. Jeffrey Keebler will
assume the roles of President and CEO at that time.  Wolter
will continue as Chairman of the Board of both companies.

Keebler also was appointed to the Boards of Directors of
both companies effective March 1, 2017. The announcement
reflects the Company’s succession planning and thoughtful
transition in executive leadership. The Company remains
committed to its mission as a community energy company.

Wolter took over as President and CEO of both MGE and
MGE Energy in February 2000 and took over as Chair in
February 2002.  Upon his retirement, Wolter will be the
longest serving Chair and CEO in Company history.

“It has been an honor to serve our community over the
years and work with such dedicated and capable coworkers.
I am grateful for this opportunity,” Wolter said.

Keebler started with MGE in 1995. He has a Bachelor of
Science Degree in Finance and Economics from the
University of Wisconsin-La Crosse and a Master of Business
Administration from the University of Wisconsin-
Whitewater. He has held various leadership positions at
MGE in Energy Supply, Rates, Generation Planning,
Information Technology, Customer Service and Human
Resources. He is currently MGE’s Senior Vice President –
Energy Supply and Planning. “I look forward to building
on the foundation laid by my predecessors and addressing
the challenges of the future,” Keebler said.

Jeffrey Newman, Senior Vice President, Chief Financial
Officer, Secretary and Treasurer, will take on an expanded
role. Gregory Bollom, Assistant Vice President – Energy
Planning, and John Jicha, Director – Energy Supply and
Trading, will report to Newman. Craig Fenrick, Senior Vice
President – Energy Operations, also will take on additional
responsibilities. Joseph DePoorter, Director -NERC
Compliance and Generation Operations, will report to
Fenrick.

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