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Energy 2030

Madison Gas and Electric (MGE) is working toward a more sustainable future for the benefit of all of its investors, employees, customers and broader community. In November 2015, MGE introduced its Energy 2030 framework.

Under Energy 2030, MGE will work with customers to:

Under its previous framework, Energy 2015, MGE reduced its carbon emission rate by 20% since 2005.

See MGE's 2018 Environmental and Sustainability Report for additional information.

Strategies for deep decarbonization

The U.S. Mid-Century Strategy (MCS) for Deep Decarbonization is the United States' strategy for meeting the goals of the Paris Agreement on climate change to limit global warming. MGE's long-term trajectory is aligned with the MCS. Both the Intergovernmental Panel on Climate Change (IPCC) and the MCS rely on decarbonizing electric generation, using energy efficiently, and electrifying other energy uses, including transportation. These are the strategies MGE is pursuing and will continue to pursue to achieve deep decarbonization.

80% reduction in carbon emissions by 2050

The MCS identifies greenhouse gas emissions reductions of 80% by 2050 (from 2005 levels).

MGE is committed to reducing carbon dioxide emissions at least 80% by 2050. If we can go further faster by working together with our customers, we will.

MGE's Energy 2030 framework has several key, long-term strategies for reducing carbon emissions. They are the same long-term strategies identified in the MCS and include:

Since announcing the company's Energy 2030 framework, MGE has developed projects that will increase the company's owned renewable capacity by more than 500%. MGE will continue to seize opportunities and take advantage of new, evolving technologies to advance its carbon reduction goals.

Cleaner energy

MGE is working to achieve a more sustainable energy future using the best, most cost-effective technologies as they become available. MGE already has taken action toward its goals:

New technologies

Enabling new technologies, such as electric vehicles (EVs) and smart home technology, is a priority under MGE's Energy 2030 framework.

Strategic business goals, including environmental performance, factors in executive compensation

MGE Energy's Board of Directors' compensation committee, composed of independent directors, takes into consideration environmental performance, among other factors, when evaluating executive compensation.

MGE Energy's compensation committee considers performance goals that are critical to MGE Energy's success. These goals include earnings, system reliability and customer satisfaction. The committee and board also consider other performance measures such as bond ratings, cost containment, environmental performance and management of day-to-day operations as well as individual performance measures.

The committee employs an independent consultant for its compensation review program.