MGE Energy Leads in Renewable Energy Requirements

MGE Energy, Inc.’s regulated subsidiary Madison Gas and Electric (MGE) will be the first investor-owned utility in Wisconsin to meet Wisconsin’s 2015 renewable energy requirement.

MGE is taking steps toward commitments to three new wind farms, a move that will increase MGE’s wind capacity by nearly eight times — from 11 to 86 megawatts (MW), said Gary Wolter, chairman, president and CEO, at the 2007 MGE Energy Annual Meeting this week.

Wisconsin’s mandate calls for an average of 10% of Wisconsin’s electricity to come from renewable energy by 2015. With three new projects expected to come online in late 2007 or 2008, MGE will meet that requirement seven years ahead of schedule.

In addition to MGE’s existing renewable capacity from an 11-MW wind farm in northeast Wisconsin, the wind projects include a new $59 million 30-MW wind farm with 18 turbines in north-central Iowa, which MGE Energy will build and own; another 30 MW through a purchase power agreement (PPA) MGE will buy from an adjacent wind development in Iowa; and an agreement MGE signed to purchase 15 MW from the Forward Energy wind project near Waupun, Wisconsin.

“Our customers have indicated that they would like the ability to buy more green energy. MGE’s current green pricing program provides about 15,000 megawatt-hours per year of wind energy to about 4,300 customers. We plan to grow the program to at least 45,000 megawatt-hours per year,” Wolter said.

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