Energy 2030

Madison Gas and Electric (MGE) is working toward a more sustainable future for the benefit of all of its investors, employees, customers and broader community. In November 2015, MGE introduced its Energy 2030 framework.

Under Energy 2030, MGE will work with customers to:

Under its previous framework, Energy 2015, MGE reduced its carbon emission rate by 20% since 2005.

See MGE’s Environmental and Sustainability Report for additional information.

Cleaner Energy

MGE is working to achieve a more sustainable energy future using the best, most cost-effective technologies as they become available. MGE already has taken action toward its goals:

New Technologies

Enabling new technologies, such as electric vehicles (EVs) and smart home technology, is a priority under MGE’s Energy 2030 framework.

Board of Directors Committed to Environmental and Financial Performance

Energy 2030 represents a long-term, cost-effective strategy to meet the community’s energy needs, build shareholder value and advance sustainability using the latest technologies.

Under its previous framework, Energy 2015, MGE:

Throughout the same time frame, MGE has maintained a strong total return. Taking a 10-year view of MGE Energy’s annual total return, a $1,000 investment at the end of 2006 grew to $3,780 by the close of 2016 with reinvested dividends. MGE Energy remains one of only four combination, investor-owned utilities nationwide to increase its dividends for 42 or more consecutive years. The independent investment research firm Value Line Inc. continues to give MGE Energy high marks for financial strength (A) and safety (1).

Strategic Business Goals, including Environmental Performance, Factors in Executive Compensation

MGE Energy’s Board of Directors’ compensation committee, composed of independent directors, takes into consideration environmental performance, among other factors, when evaluating executive compensation.

MGE Energy’s compensation committee considers performance goals that are critical to MGE Energy’s success. These goals include earnings, system reliability and customer satisfaction. The committee and board also consider other performance measures such as bond ratings, cost containment, environmental performance and management of day-to-day operations as well as individual performance measures.

The committee employs an independent consultant for its compensation review program.