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MGE Energy: MGE Energy, Inc. (Nasdaq: MGEE) is a utility
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
based in
Madison, Wisconsin Madison is the county seat of Dane County and the capital city of the U.S. state of Wisconsin. As of the 2020 census the population was 269,840, making it the second-largest city in Wisconsin by population, after Milwaukee, and the 80th-lar ...
. Its main subsidiary, Madison Gas and Electric Co., produces and distributes electricity and distributes
natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...
.


Subsidiaries

MGE Energy is the parent corporation and holding company of eight subsidiaries. * Madison Gas and Electric Co. (MGE), a regulated utility, and its divisions, which serve natural gas and electric customers in south-central and south-western Wisconsin. MGE has 146,000 electric customers and 152,000 natural gas customers. *MGE Power, which owns assets in the West Campus Cogeneration Facility at Madison, Wis., and the Elm Road Generating Station at Oak Creek, Wis. *MGE Transco Investment, which owns interest in the American Transmission Co. through its members, MGE and MGE Energy *MGE Services provides construction and other services *Central Wisconsin Development Corp. promotes business growth in MGE's service area *MAGAEL holds title to properties acquired for future utility plant expansion *North Mendota Energy & Technology Park owns property and serves as the development entity for the property


History

The company's history in the Madison area date back more than 150 years. In 1888, as the renamed Madison Electric Co., it began delivering electric service. In 1892, the Four Lakes Light and Power Co. succeeded Madison Electric Co. and operated as Madison's electricity provider for the next four years. In 1896, the local utility incorporated to become Madison Gas and Electric Co. In 2001, the company formed a holding company named MGE Energy, Inc. − and Madison Gas and Electric Co. became its main subsidiary.


References

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External links


Official MGE Energy website
Energy in Wisconsin Electric power companies of the United States Natural gas companies of the United States Companies based in Madison, Wisconsin Non-renewable resource companies established in 1888 1880s establishments in Wisconsin Holding companies established in 2001 Non-renewable resource companies established in 2001 2001 establishments in Wisconsin