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.