How does MetLife pay you?
MGE Energy operates as a public utility holding company centered around Madison Gas and Electric Company (MGE), generating its revenue primarily by producing, purchasing, transmitting, and distributing electricity and natural gas to residential, commercial, and industrial customers. The company makes money through regulated utility operations, where electricity and gas rates are authorized and overseen by state public service commissions. These approved utility tariffs are designed to cover operating expenses, fuel acquisition costs, and capital infrastructure investments while delivering a steady, regulated rate of return on equity. By continuously investing in local distribution networks and renewable energy assets, MGE converts reliable power and gas delivery into consistent corporate earnings.
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