Madison Gas and Electric

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MGE Energy (formerly Madison Gas and Electric) warms up Wisconsin winters. The holding company distributes electricity to 139,000 residential, commercial, and industrial customers in Dane County, and natural gas to about 143,000 customers in seven southern and western Wisconsin counties through its Madison Gas and Electric (MGE) subsidiary. MGE’s has a generating capacity of more than 800 MW; the majority comes from fossil-fueled plants. The company’s power-related but unregulated businesses include MGE Power (generating interests), MGE Construct (construction services), Central Wisconsin Development (business support services), and MAGAEL (property development).

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3.4

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

MGE has been proactive in reducing its environmental footprint. The company has significantly increased its investment in renewable energy sources, such as wind and solar power, contributing to a cleaner and more sustainable energy generation mix while reducing carbon emissions. MGE actively promotes energy conservation and efficiency among its customers through various programs and initiatives, encouraging responsible energy consumption. MGE places a strong emphasis on social responsibility and community engagement. The company actively supports various community initiatives, including educational programs, environmental conservation efforts, and philanthropic causes, contributing to the well-being of the communities it serves. MGE prioritizes assistance to underserved communities and individuals, ensuring equitable access to essential utility services. MGE has established robust governance practices to ensure transparency, ethical behavior, and accountability throughout its operations. The company adheres to stringent compliance standards, meeting regulatory requirements and protecting the interests of its stakeholders.

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Awards Received

2023

Revenues

$715,000,000.00

Website Traffic

Employee Rating

4.6

Customer Rating

3.5

Company Size

100-1000

ESG Risk Rating

3

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