MGE Energy, Inc. operates as a public utility holding company in Wisconsin. Segments The company operates in segments, including Regulated Electric Utility Operations comprising generating, purchasing, and distributing electricity through Madison Gas and Electric Company (MGE); Regulated Gas Utility Operations, such as purchasing and distributing natural gas through MGE; Nonregulated Energy Operations comprising owning and leasing electric generating capacity that assists MGE through MGE Power Elm Road, LLC and MGE Power West Campus, LLC; Transmission Investments representing the company’s investment in American Transmission Company LLC, a company engaged in the business of providing electric transmission services primarily in Wisconsin; and All Other, comprising companies and property that relate to the regulated operations and financing the regulated operations, through wholly owned subsidiaries Central Wisconsin Development Corporation; MAGAEL, LLC; MGE State Energy Services, LLC; and NGV Fueling Services, LLC. Electric Utility Operations MGE distributes electricity in a service area covering a 316 square-mile area of Dane County, Wisconsin. The service area includes the city of Madison, Wisconsin. It owns or leases ownership interests in electric generation facilities located in Wisconsin and Iowa. As of December 31, 2015, MGE supplied electric service to approximately 146,000 customers, with approximately 90% located in the cities of Fitchburg, Madison, Middleton, and Monona and 10% in adjacent areas. MGE is registered with North American Electric Reliability Corporation (NERC) and one regional entity, the Midwest Reliability Organization. The essential purposes of these entities are the development and implementation of regional and NERC reliability standards; and determining compliance with those standards, including enforcement mechanisms. Transmission: American Transmission Company LLC (ATC) plans, constructs, operates, maintains, and expands transmission facilities that it owns to provide transmission of power. ATC is regulated by Federal Energy Regulatory Commission (FERC) for all rate terms and conditions of service and is a transmission-owning member of the Midcontinent Independent System Operator Inc. Generation Sources: MGE receives electric generation supply from coal-fired, gas-fired and renewable energy sources. These sources include owned facilities, as well as facilities leased from affiliates and accounted for under its nonregulated energy operations. Gas Utility Operations MGE transports and distributes natural gas in a service area covering 1,682 square miles in seven south-central Wisconsin counties. The service area includes the city of Madison, Wisconsin and surrounding areas. As of December 31, 2015, MGE supplied natural gas service to approximately 152,000 customers in the cities of Elroy, Fitchburg, Lodi, Madison, Middleton, Monona, Prairie du Chien, Verona, and Viroqua; 24 villages; and all or parts of 49 townships. Gas supply: MGE has physical interconnections with ANR Pipeline Company (ANR) and Northern Natural Gas Company (NNG). MGE's primary service territory, which includes Madison and the surrounding area, receives deliveries at one NNG and four ANR gate stations. MGE also receives deliveries at NNG gate stations located in Elroy, Prairie du Chien, Viroqua, and Crawford County. Nonregulated Energy Operations The company, through its subsidiaries, has developed generation sources that assist MGE in meeting the electricity needs of its customers. The company’s nonregulated energy operations include an undivided interest in two coal-fired generating units located in Oak Creek, Wisconsin, which the company refers to as the Elm Road Units, and an undivided interest in a cogeneration facility located on the Madison campus of the University of Wisconsin, which it refers to as the West Campus Cogeneration Facility or WCCF. These sources are leased by MGE Power Elm Road and MGE Power West Campus, respectively, to MGE. Transmission Investments American Transmission Company owns and operates electric transmission facilities primarily in Wisconsin. In 2011, ATC and Duke Energy announced the creation of a joint venture, Duke-American Transmission Company, LLC, that seeks to build, own, and operate new electric transmission infrastructure in North America to address increasing demand for affordable, reliable transmission capacity. Electric and Gas Distribution Facilities As of December 31, 2015, MGE owned 880 miles of overhead electric distribution line and 1,210 miles of underground electric distribution cable, all of which are located in Wisconsin. These electric distribution facilities are connected by approximately 52 substations, installed with a capacity of 1,279,550 kilovolt Ampere. MGE's gas facilities include 2,690 miles of distribution mains, which are all owned by MGE. Regulation As a public utility, MGE is subject to regulation by the Public Service Commission of Wisconsin (PSCW) and the FERC. The PSCW has authority to regulate various aspects of the company’s business, including rates, accounts, the issuance of securities, and plant siting. The PSCW also has authority over certain aspects of the company as a holding company of a public utility. The FERC has jurisdiction, under the Federal Power Act, over certain accounting practices and certain other aspects of the company’s business. History MGE Energy, Inc. was founded in 1855.
mge energy inc (MGEE:NASDAQ GS)
133 South Blair Street
Madison, WI 53788
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