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MGE ENERGY INC — fact timeline

Source-grounded facts extracted from MGE ENERGY INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MGEE MGE ENERGY INC JSON

John T. Robson was appointed as Vice President – Energy Operations at MGE ENERGY INC.

“Effective January 1, 2027, John T. Robson, currently Assistant Vice President – Energy Engineering and Production of the Company, will be appointed Vice President – Energy Operations, succeeding Mr. Lorenz in that role.”

James J. Lorenz retired as Vice President – Energy Operations at MGE ENERGY INC.

“James J. Lorenz, Vice President – Energy Operations of Madison Gas and Electric Company (the “Company”), notified the Company of his intention to retire effective December 31, 2026.”
Shareholder Votes

MGE ENERGY INC shareholders approved Advisory vote on executive compensation as disclosed in the annual meeting proxy statement at the 2026-05-19 meeting.

“3. Advisory vote on executive compensation as disclosed in the annual meeting proxy statement. For Votes Against Votes Abstained Broker Non-Votes 20,105,054 1,166,451 499,854 4,534,547”
Shareholder Votes

MGE ENERGY INC shareholders approved Ratification of selection of PricewaterhouseCoopers LLP to serve as the company's independent registered public accounting firm for the year 2026 at the 2026-05-19 meeting.

“2. Ratification of selection of PricewaterhouseCoopers LLP to serve as the company's independent registered public accounting firm for the year 2026. For Votes Against Votes Abstained 25,526,278 531,389 248,239”
Shareholder Votes

MGE ENERGY INC shareholders approved Election of three Class I Directors with terms of office expiring at the 2029 annual meeting of shareholders at the 2026-05-19 meeting.

“1. Election of three Class I Directors with terms of office expiring at the 2029 annual meeting of shareholders . For Votes Against Votes Abstained Broker Non-Votes James G. Berbee 21,071,638 451,915 247,806 4,534,547 Londa J. Dewey 20,822,325 674,656 274,378 4,534,547 Angela S. Rieger 21,179,826 330,755 260,778 4,534,547”
Earnings Releases

MGE ENERGY INC reported first quarter of 2026 results: revenue $ 242,703, net income $48.5 million, EPS $1.32 per share.

“MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2026 2025 Operating revenues $ 242,703 $ 218,970 Operating income $ 53,152 $ 52,865 Net income $ 48,481 $ 41,592 Earnings per share - basic $ 1.32 $ 1.14 Earnings per share - diluted $ 1.32 $ 1.14”
Material Agreements

MGE ENERGY INC terminated Indenture of Mortgage and Deed of Trust dated January 1, 1946 with U.S. Bank Trust Company, National Association valued at All outstanding 7.70% First Mortgage Bonds due 2028 redeemed and indenture discharged; total $1.2 mi (effective 2026-01-27).

“On January 27, 2026, Madison Gas and Electric Company ("MGE"), satisfied and discharged its Indenture of Mortgage and Deed of Trust, dated as of January 1, 1946 (as amended and supplemented, the "Indenture"), between MGE and U.S. Bank Trust Company, National Association, as successor trustee (the "Trustee").”
Debt Financings

MGE ENERGY INC incurred senior notes of $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036; $30 million in principal amou with note purchasers named therein at 5.05% per annum for Series A, 5.25% per annum for Series B, and 5.79% per annum maturing January 31, 2036 for Series A, January 31, 2041 for Series B, and January 31, 2056 for Series C.

“On January 22, 2026, MGE issued $90 million in aggregate principal amount of the Notes pursuant to the Note Purchase Agreement.”
Material Agreements

MGE ENERGY INC entered into Note Purchase Agreement with the note purchasers named therein valued at $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 ... $30 mi (effective 2026-01-22).

“On January 22, 2026, Madison Gas and Electric Company ("MGE"), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated January 22, 2026 (the "Note Purchase Agreement"), with the note purchasers named therein, pursuant to which MGE issued $30 million in principal amount of its 5.05% Senior Notes, Series A, due January 31, 2036 (the "Series A Notes"), $30 million in principal amount of its 5.25% Senior Notes, Series B, due January 31, 2041 (the "Series B Notes"), and $30 million in principal amount of its 5.79% Senior Notes, Series C, due January 31, 2056 (the "Series C Notes" and, together with the Series A Notes and the Series B Notes, the "Notes").”
Debt Financings

MGE ENERGY INC incurred senior notes of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal with the note purchasers named therein at 5.12% per annum maturing November 15, 2036.

“On October 14, 2025, MGE entered into the Note Purchase Agreement providing for the issuance of $25 million in principal amount of its 5.12% Senior Notes, Series A, due November 15, 2036, and $25 million in principal amount of its 5.76% Senior Notes, Series B, due November 15, 2055, at a closing scheduled for November 13, 2025.”

Lynn Hobbie departed as Executive Vice President – Marketing and Communications at MGE ENERGY INC.

“On February 21, 2025, Lynn Hobbie, who is Executive Vice President – Marketing and Communications of Madison Gas and Electric Company (the "Company"), informed the Company that she plans to retire by the end of 2025.”
Earnings Releases

MGE ENERGY INC reported first quarter of 2024 results: revenue $191,336, net income $33,814, EPS $0.93.

“flat compared to the first quarter of 2023. MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2024 2023 Operating revenues $ 191,336 $ 217,253 Operating income $ 40,745 $ 40,034 Net income $ 33,814 $ 31,078 Earnings per share - basic $ 0.93 $ 0.86 Earnings per share - diluted $ 0.93 $ 0.86 Weighted average”
Earnings Releases

MGE ENERGY INC reported fourth quarter of 2023 results: net income $20.1 million, EPS 55 cents per share.

“MGE Energy's earnings for the fourth quarter of 2023 were $20.1 million, or 55 cents per share, compared to $21.1 million, or 58 cents per share, for the same period in the prior year.”
Earnings Releases

MGE ENERGY INC reported fourth quarter and full year of 2023 results: net income $117.7 million, EPS $3.25 per share.

“MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter and full year of 2023. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2023 were $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, for the same period in the prior year.”

Jenny Lagerwall was appointed as Chief Accounting Officer at MGE ENERGY INC.

“On February 16, 2024, the Boards of Directors of MGE Energy and MGE appointed Jenny Lagerwall to serve as Chief Accounting Officer, effective July 1, 2024, replacing Tamara Johnson in that position.”

Tamara Johnson departed as Vice President, Chief Accounting Officer and Controller at MGE ENERGY INC.

“On February 16, 2024, Tamara Johnson, Vice President, Chief Accounting Officer and Controller of both MGE Energy, Inc. (MGE Energy) and Madison Gas and Electric Company (MGE), notified the Company of her intention to retire on June 30, 2024.”

Angela Rieger was elected as director at MGE ENERGY INC.

“On December 15, 2023, the Boards of Directors of both MGE Energy, Inc. (MGE Energy) and Madison Gas and Electric Company (MGE) elected Patricia Ackerman, Daniel Kelly and Angela Rieger as members of both boards of directors, effective March 1, 2024.”

Daniel Kelly was elected as director at MGE ENERGY INC.

“On December 15, 2023, the Boards of Directors of both MGE Energy, Inc. (MGE Energy) and Madison Gas and Electric Company (MGE) elected Patricia Ackerman, Daniel Kelly and Angela Rieger as members of both boards of directors, effective March 1, 2024.”

Patricia Ackerman was elected as director at MGE ENERGY INC.

“On December 15, 2023, the Boards of Directors of both MGE Energy, Inc. (MGE Energy) and Madison Gas and Electric Company (MGE) elected Patricia Ackerman, Daniel Kelly and Angela Rieger as members of both boards of directors, effective March 1, 2024.”
Earnings Releases

MGE ENERGY INC reported third quarter of 2023 results: net income $37.9 million, or $1.05 per share, EPS $1.05 per share.

“MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share”
Governance Changes

MGE ENERGY INC: Adopted amended and restated bylaws effective September 15, 2023, incorporating universal proxy rule changes, updated shareholder meeting procedures, director nomination mechanics, exclusive forum provisions, and other updates (effective 2023-09-15).

“On September 15, 2023, in connection with the Securities and Exchange Commission rules regarding universal proxy cards and a periodic review of the bylaws of MGE Energy, Inc. (the “ Company ”), the Company’s board of directors (the “ Board ”) unanimously adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “ Amended and Restated Bylaws ”), effective immediately.”
Debt Financings

MGE ENERGY INC incurred senior notes of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal with the note purchasers named therein at 5.91% per annum maturing December 1, 2053.

“MGE entered into the Note Purchase Agreement providing for the issuance of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034, at a closing scheduled for September 13, 2023, and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053, at a closing scheduled for December 1, 2023.”
Debt Financings

MGE ENERGY INC incurred senior notes of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal with the note purchasers named therein at 5.61% per annum maturing September 15, 2034.

“MGE entered into the Note Purchase Agreement providing for the issuance of $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034, at a closing scheduled for September 13, 2023, and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053, at a closing scheduled for December 1, 2023.”
Material Agreements

MGE ENERGY INC entered into Note Purchase Agreement with note purchasers named therein valued at $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 (effective 2023-08-31).

“Madison Gas and Electric Company (MGE), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated August 31, 2023 (the Note Purchase Agreement), with the note purchasers named therein, in which it committed to issue $40 million in principal amount of its 5.61% senior notes, Series A, due September 15, 2034 and $30 million in principal amount of its 5.91% senior notes, Series B, due December 1, 2053”
Earnings Releases

MGE ENERGY INC reported the second quarter of 2023 results: net income $28.7 million, or $0.79 per share, EPS $0.79 per share.

“On August 3, 2023, MGE Energy, Inc. (the Company) issued a press release announcing its second quarter 2023 earnings.”
Shareholder Votes

MGE ENERGY INC shareholders approved Advisory vote on the frequency of future executive compensation voting as disclosed in the annual meeting proxy statement at the 2023-05-16 meeting.

“4. Advisory vote on the frequency of future executive compensation voting as disclosed in the annual meeting proxy statement. One Year Two Years Three Years Abstained Broker Non-Votes 21,641,294 378,085 1,045,400 450,772 4,731,134”
Shareholder Votes

MGE ENERGY INC shareholders approved Advisory vote on executive compensation as disclosed in the annual meeting proxy statement at the 2023-05-16 meeting.

“3. Advisory vote on executive compensation as disclosed in the annual meeting proxy statement. For Votes Against Votes Abstained Broker Non-Votes 21,875,022 1,147,042 493,487 4,731,134”
Shareholder Votes

MGE ENERGY INC shareholders approved Ratification of selection of PricewaterhouseCoopers LLP to serve as MGE Energy's independent registered public accounting firm for the year 2023 at the 2023-05-16 meeting.

“2. Ratification of selection of PricewaterhouseCoopers LLP to serve as MGE Energy's independent registered public accounting firm for the year 2023. For Votes Against Votes Abstained Broker Non-Votes 27,308,486 670,711 267,488 0”
Shareholder Votes

MGE ENERGY INC shareholders approved Election of three Class I Directors with terms of office expiring at the 2026 annual meeting of shareholders at the 2023-05-16 meeting.

“1. Election of three Class I Directors with terms of office expiring at the 2026 annual meeting of shareholders . For Votes Withhold Votes Broker Non-Votes James G. Berbee 20,224,507 3,291,044 4,731,134 Londa J. Dewey 20,262,340 3,253,211 4,731,134 Thomas R. Stolper 19,231,075 4,284,476 4,731,134”
Earnings Releases

MGE ENERGY INC reported first quarter of 2023 results: revenue $ 217,253, net income $ 31,078, EPS $ 0.86.

“MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2023 2022 Operating revenues $ 217,253 $ 208,938 Operating income $ 40,034 $ 41,863 Net income $ 31,078 $ 34,420 Earnings per share - basic $ 0.86 $ 0.95 Earnings per share - diluted $ 0.86 $ 0.95 Weighted average shares outstanding - basic 36,163 36,163 Weighted average shares outstanding - diluted 36,180 36,171”
Earnings Releases

MGE ENERGY INC reported Year Ended December 31, 2022 results: revenue $ 714,519, net income $ 110,952, EPS $ 3.07.

“Year Ended December 31, 2022 2021 Operating Revenues $ 714,519 $ 606,584 Operating Income $ 137,743 $ 117,294 Net Income $ 110,952 $ 105,761 Earnings Per Share - basic $ 3.07 $ 2.92 Earnings Per Share - diluted $ 3.07 $ 2.92”
Earnings Releases

MGE ENERGY INC reported Three Months Ended December 31, 2022 results: revenue $ 189,833, net income $ 21,051, EPS $ 0.58.

“Three Months Ended December 31, 2022 2021 Operating Revenues $ 189,833 $ 162,066 Operating Income $ 27,935 $ 17,249 Net Income $ 21,051 $ 13,060 Earnings Per Share - basic $ 0.58 $ 0.36 Earnings Per Share - diluted $ 0.58 $ 0.36”
Debt Financings

MGE ENERGY INC amended credit facility of $90 million with JPMorgan Chase Bank, N.A..

“On January 30, 2023, MGE entered into a First Amendment to Second Amended and Restated Credit Agreement with the lenders named therein and the Administrative Agent, which increased the aggregate commitments under the Existing JPM Credit Agreement by $30 million to $90 million.”
Material Agreements

MGE ENERGY INC amended Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (as Administrative Agent) and the lenders named therein valued at $90 million (effective 2023-01-30).

“On January 30, 2023, Madison Gas and Electric Company (MGE) amended its existing Second Amended and Restated Credit Agreement dated as of November 8, 2022 (Existing JPM Credit Agreement), with the lenders named therein and JPMorgan Chase Bank, N.A., as Administrative Agent (Administrative Agent), to increase the aggregate commitment thereunder from $60 million to $90 million.”
Debt Financings

MGE ENERGY INC amended revolving credit of $60 million with JPMorgan Chase Bank, N.A. maturing November 8, 2027.

“agent. Under that credit agreement, MGE may borrow funds on a revolving credit basis, and may request letters of credit, all in a maximum amount outstanding not to exceed $60 million. The MGE JPM Credit Agreement has an initial term expiring on November 8, 2027. MGE may request up to two one-year extensions of that term, which, if granted by the lenders in”
Debt Financings

MGE ENERGY INC amended revolving credit of $50 million with JPMorgan Chase Bank, N.A. maturing November 8, 2027.

“agent. Under the MGEE Credit Agreement, MGEE may borrow funds on a revolving credit basis, and may request letters of credit, all in a maximum amount outstanding not to exceed $50 million. The MGEE Credit Agreement has an initial term expiring on November 8, 2027. MGEE may request up to two one-year extensions of that term, which, if granted by the lenders in”
Material Agreements

MGE ENERGY INC amended Credit Agreements (effective 2022-11-08).

“On November 8, 2022, MGE Energy, Inc. (MGEE) and Madison Gas and Electric Company (MGE) amended and restated their existing credit agreements entered on February 7, 2019, principally to extend their maturity dates to November 8, 2027 and to change the interest rate determination from a LIBOR basis”
Earnings Releases

MGE ENERGY INC reported the nine months ended September 30, 2022 results: revenue $524,686, net income $89,901, EPS $2.49.

“Nine Months Ended September 30, 2022 2021 Operating revenues $ 524,686 $ 444,518 Operating income $ 109,808 $ 100,045 Net income $ 89,901 $ 92,701 Earnings per share - basic $ 2.49 $ 2.56”
Earnings Releases

MGE ENERGY INC reported the third quarter of 2022 results: revenue $163,400, net income $33,720, EPS $0.93.

“Three Months Ended September 30, 2022 2021 Operating revenues $ 163,400 $ 145,873 Operating income $ 42,487 $ 37,598 Net income $ 33,720 $ 34,917 Earnings per share - basic $ 0.93 $ 0.97”

Noble L. Wray was elected as Director at MGE ENERGY INC.

“Noble L. Wray was elected as a member of both Boards of Directors, effective September 1, 2021.”

F. Curtis Hastings departed as Director at MGE ENERGY INC.

“F. Curtis Hastings will be retiring from the Board of Directors of MGE Energy and MGE on October 31, 2021.”

Noble L. Wray was elected as Director at MGE ENERGY INC.

“On July 16, 2021, the Boards of Directors of both MGE Energy, Inc. (MGE Energy) and Madison Gas and Electric Company (MGE) elected Noble L. Wray as a member of both boards of directors, effective September 1, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.