MGE Has Strong Credit Ratings

MGE Energy's regulated utility, Madison Gas and Electric (MGE), continues to have top credit ratings in the nation for regulated utilities. Standard & Poor's (S&P) and Moody's give MGE the highest credit ratings for investor-owned, combination utilities.

In its review, S&P cites MGE's:

• Effective management of regulatory risk.
• Strong regulatory environment.
• Focus on regulated, vertically integrated electric and natural gas distribution operations.
• Conservative financial policies that ensure strong credit quality.

In its review, Moody's cites MGE's:

• Supportive regulatory environment that provides revenue and cash flow.
• Stable and healthy credit metrics.

Moody's also states that its stable outlook rating assumes future prudently incurred investments will be recovered.