Madison, Wis., May 20, 2009—MGE Energy, Inc. (Nasdaq: MGEE) today published its investor newsletter "Inside View" with the following topics:

• Growing assets, solid earnings
• MGE ranked No. 1 in electric service reliability
• A leader in green power
• Major steps in renewable energy
• Power plant construction update
• Building foundations for tomorrow

Inside View is published periodically to provide investors with information about MGE Energy, its primary subsidiary Madison Gas and Electric (MGE) and its service area. The newsletter is available on MGE Energy's Web site at: Inside View

MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis. It is the parent company of MGE, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties. MGE Energy's assets total nearly $1.3 billion. It has 722 employees, more than 35,000 stockholders of record and its 2008 revenue was approximately $596 million.