MGE Energy Declares Regular Dividend

The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared
the regular quarterly dividend of $0.3225 per share on the outstanding
shares of the company's common stock, payable March 15, 2018, to
shareholders of record at the close of business March 1, 2018.

MGE Energy has increased its dividend annually for the past 42 years and
has paid cash dividends for more than 100 years.

About MGE Energy

MGE Energy is a public utility holding company. Its principal
subsidiary, Madison Gas and Electric (MGE), generates and distributes
electricity to 149,000 customers in Dane County, Wis., and purchases and
distributes natural gas to 154,000 customers in seven south-central and
western Wisconsin counties. MGE's roots in the Madison area date back
more than 150 years.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180119005712/en/

Source: Business Wire
(January 19, 2018 - 3:04 PM EST)

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