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MGE Energy history
MGE Energy company history timeline
In 1892, the Four Lakes Light and Power Co. succeeded Madison Electric Co. and operated as Madison's electricity provider for the next four years.
Madison Gas and Electric was formed out of two smaller companies in 1896.
WPL was nearly as old as MGE, founded in 1917, and altogether about three times as large as its rival.
By 1920, Madison's population had reached 31,000, and MGE had to build more power generating capacity.
By 1930, Madison had added another 25,000 people, and more and more customers were using appliances.
Starting in 1949, MGE began buying natural gas from a pipeline in Michigan.
1960: Plentiful supply of natural gas is made available to MGE through Mich-Wis pipeline.
The company was part of a consortium of power companies that built a nuclear power plant in Kewaunee, Wisconsin beginning in 1967.
That plant started operating in 1974 and provided about 26 percent of MGE's electric generating capacity by the end of the decade.
In 1996 the state Public Service Commission adopted a proposal to open up the utility industry to competition, but it ordered a 32-step plan that would be enacted over the next three to seven years.
In 1997 MGE announced that these two subsidiaries would form a joint venture with National Gas and Electric, a Houston company, to investigate marketing natural gas and energy services in the Great Lakes region.
MGE ended the first quarter of 2000 with the highest per share earnings in its history.
In 2001, the company formed a holding company named MGE Energy, Inc. − and Madison Gas and Electric Co. became its main subsidiary.
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MGE Energy competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Unitil | 1984 | $473.3M | 520 | 15 |
| NiSource | 1912 | $5.5B | 8,363 | 80 |
| Great River Energy | 1999 | $1.0B | 1,600 | - |
| ONE Gas | 2014 | $1.8B | 3,600 | 49 |
| Duke Energy | 1904 | $30.4B | 27,535 | 151 |
| CMS Energy | 1987 | $7.5B | 8,148 | - |
| Xcel Energy | 1909 | $13.4B | 11,075 | 371 |
| Energy Transfer Solutions | 2003 | $8.5M | 75 | 11 |
| Madison Gas and Electric | 1855 | $676.9M | 731 | 5 |
MGE Energy history FAQs
Zippia gives an in-depth look into the details of MGE Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MGE Energy. The employee data is based on information from people who have self-reported their past or current employments at MGE Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by MGE Energy. The data presented on this page does not represent the view of MGE Energy and its employees or that of Zippia.
MGE Energy may also be known as or be related to MGE Energy, MGE Energy Inc, MGE Energy Inc., MGE Energy, Inc. and Mge Energy, Inc.