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MGE Energy
MGE Energy Reports Second-Quarter Earnings



Aug 7, 2017

MGE Energy, Inc. (Nasdaq: MGEE) reported earnings for the three months ended June 30, 2017, of $15.5 million, or 45 cents per share, compared to $16.2 million, or 47 cents per share, for the same period in the prior year.

During the second quarter of 2017, net income decreased slightly, primarily due to the timing of 2017 operating and maintenance costs in the second quarter and unfavorable weather conditions. The average temperature for April was 50 degrees in 2017 compared to 46 degrees in 2016.

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 149,000 customers in Dane County, Wis., and purchases and distributes natural gas to 154,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.

Contacts

MGE Energy, Inc.
Steven B. Schultz
Corporate Communications Manager
608-252-7219
sbschultz@mge.com

For more information:

Organization:
MGE Energy

Address:
133 S Blair St
Madison, Wisconsin
United States, 53701-1231
www.mgeenergy.com
Tel: 608-252-7000


Link http://electricenergyonline.com/detail_news.php?ID=649681
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