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.

MGE’S Community Energy Workshop Advances Energy 2030 Framework

Madison Gas and Electric has hosted its Community Energy Workshop at Monona Terrace where about 200 community leaders and members, representing a diverse cross section of the community, discussed issues related to our energy future. Participants generated input to help inform the company as MGE advances its Energy 2030 framework and future engagement efforts.

• Interactive workshop part of multistep engagement process started last year.
• Featured deliberative dialogue among diverse cross section of about 200 community leaders and members.
• Followed nearly 100 Community Energy Conversations with customers.
• Designed to inform MGE as company advances Energy 2030 framework and community engagement.
• Workshop videos, summary of themes at mge.com for customers to review.

MGE’s independent facilitator for its Community Energy Conversations, Justice and Sustainability Associates (JSA), designed the Community Energy Workshop. JSA’s CEO, Don Edwards, facilitated the Workshop. The topics discussed by participants included advancing MGE’s Energy 2030 framework in a changing energy world, new energy products and services, and community engagement. The videos presented at the Workshop have been posted at mge.com. Visitors will also find a summary of themes generated by the input from Workshop participants. Visit our Community Energy Workshop web page for videos and the summary of themes. Anyone may submit feedback to MGE by email. The input from the Workshop will inform further MGE’s efforts to advance its Energy 2030 framework and build a community energy company for the future.

MGE Files Rate Changes for 2017

Madison Gas and Electric has filed an application with the Public Service Commission of Wisconsin to increase electric and natural gas rates in 2017.

Rate changes at a glance:
• MGE requests 1.7% increase in electric rates for 2017.
• MGE requests 3.7% increase in natural gas rates for 2017.
• MGE is not requesting any increase to the fixed charge for residential and small business customers in 2017.
• Primary driver for rate increase is infrastructure improvements to ensure continued reliability and safety of electric grid and natural gas system.
• Average annual increase in MGE’s rates from 2013-2017 remains lower than the projected increase in Consumer Price Index.

The request would increase overall electric rates by 1.7% in 2017. It also would increase overall natural gas rates by 3.7%. If approved, the typical residential electric bill would increase by $1.50 a month, and the typical natural gas bill would increase by $1.70 a month. The proposed changes would take effect January 1, 2017. MGE is holding to its commitment under its Energy 2030 framework and not requesting any increase to the fixed charge for residential and small business customers in this filing.

The primary reason for the rate request is continued reliability:
• Transmission infrastructure improvements to ensure the continued reliability of the electric grid. MGE continually ranks among the top utilities in the country for electric service reliability. In 2015, 73% of MGE customers did not experience an outage.
• Natural gas system infrastructure improvements to ensure the continued reliability and safety of the natural gas system.

In the filing, some increases in electric operating expenses are offset by decreases in fuel costs. With this proposed rate increase, the average annual increase in MGE’s electric rates from 2013 through 2017 will equal 0.5% while the average annual increase in MGE’s natural gas rates also will equal 0.5%. In comparison, the projection for the Consumer Price Index for the same period is an average of 1.4% per year.

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