<SEC-DOCUMENT>0001161728-22-000009.txt : 20220330
<SEC-HEADER>0001161728-22-000009.hdr.sgml : 20220330
<ACCEPTANCE-DATETIME>20220330092847
ACCESSION NUMBER:		0001161728-22-000009
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220330
DATE AS OF CHANGE:		20220330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MGE ENERGY INC
		CENTRAL INDEX KEY:			0001161728
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC, GAS & SANITARY SERVICES [4900]
		IRS NUMBER:				392040501
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49965
		FILM NUMBER:		22783552

	BUSINESS ADDRESS:	
		STREET 1:		133 SOUTH BLAIR STREET
		STREET 2:		P.O. BOX 1231
		CITY:			MADISON
		STATE:			WI
		ZIP:			53701-1231
		BUSINESS PHONE:		(608) 252-7000

	MAIL ADDRESS:	
		STREET 1:		133 SOUTH BLAIR STREET
		STREET 2:		P.O. BOX 1231
		CITY:			MADISON
		STATE:			WI
		ZIP:			53701-1231
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>f20220330_defa_14a_addition.htm
<DESCRIPTION>ADDITIONAL PROXY MATERIAL
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<TITLE>MGE Energy Video Transcription</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P style='font:10pt Calibri;margin:0'><A name=_Hlk36451813 /><FONT style=font-size:10pt><I>The following is a transcription of Chairman, President and CEO Jeffrey Keebler's video message prepared by MGE Energy, Inc., and posted at mgeenergy.com on or about March 30, 2022, and at proxyvote.com on March&#160;30, 2022.</I></FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><I>A Proxy Statement has been filed with the Securities and Exchange Commission and is available for free at the Commission's website at sec.gov. The Proxy Statement is being mailed on or about March&#160;30, 2022, to shareholders. Shareholders are urged to read the Proxy Statement as it contains important information. The Proxy Statement provides information regarding the participants in the solicitation.</I></FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>Video by Jeff Keebler, Chairman President and CEO of MGE and MGE Energy.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Calibri;margin:0'><B>Technology in Action</B></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Calibri;margin:0'><I>Technology to </I><B><I>decarbonize</I></B><I> our grid</I></P>
<P align=center style='font:11pt Calibri;margin:0'><I>&#8230;to </I><B><I>engage</I></B><I> customers in energy</I></P>
<P align=center style='font:11pt Calibri;margin:0'><I>&#8230;to </I><B><I>electrify</I></B><I> transportation</I></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>MGE Energy and MGE are well positioned to embrace this transformational period in energy. We're actively growing our use of cost-effective renewable energy&#8212;with both distributed and utility-scale projects&#8212;to help us achieve industry-leading carbon reduction goals.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>We have the programs and people to engage our customers in new&#8212;and meaningful ways&#8212;and to enable growth. For example, through our electric vehicle charging programs to manage when customers charge and to facilitate charging, whether that's at home or on the go.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>Our new EV fast charging hub in downtown Madison's Capitol East District features some of the most powerful chargers in the region.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>Technology is creating many opportunities for us to better serve customers, accelerate growth and achieve our ambitious goals.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Calibri;margin:0'><B>Technology to Achieve our Goals</B></P>
<P align=center style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><I>At least </I><B><I>80%</I></B><I> reduction in carbon by 2030</I></FONT></P>
<P align=center style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><B><I>Net-zero</I></B><I> carbon by 2050</I></FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>In early 2022, we announced our goal to reduce carbon emissions at least 80% by 2030. This goal is beyond where we've previously said we expected to be by the end of this decade.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>We've said since introducing our Energy 2030 framework back in 2015 that if we can go further faster by working with our customers, we will&#8211;and today, we are. We're on a path toward net-zero by mid-century and that path includes one of the most aggressive carbon reduction goals in the industry, at least 80% by 2030.</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:9pt Calibri;margin:0'>1</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Calibri;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=center style='font:12pt Calibri;margin:0'><B>Transition from Coal</B></P>
<P align=center style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><I>Substantially </I><B><I>reduce coal</I></B><I> use by 2025</I></FONT></P>
<P align=center style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><B><I>Eliminate coal</I></B><I> use by 2035</I></FONT></P>
<P align=center style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>Our transition from coal has been ongoing. It started back in 2011 when we discontinued coal use at our Blount Generating Station.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>Last year, we announced that we would be retiring the Columbia Energy Center by 2025, about 15&#160;years ahead of schedule.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>We also expect Elm Road Generating Station to begin transitioning soon from coal to natural gas. All of this means that by 2025, we expect to reduce our coal usage by about 75%, and by 2035, MGE expects to </FONT><FONT style='font-size:10pt;border-bottom:1px solid #000000'>eliminate</FONT><FONT style=font-size:10pt> coal as an energy source. This will help us to reduce emissions substantially and achieve our goals.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt><I>Estimated $645 million in renewable energy and battery storage between 2015-2024</I></FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>We're actively growing our use of renewables. In 2021, we built our 20-megawatt O'Brien Solar Fields.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:11pt Calibri;margin:0'>MGE consistently maintains the highest credit rating of any investor-owned combination utility in the nation. These investments will help provide cost-effective cleaner energy to benefit all customers and will help advance our carbon reduction goals, consistent with climate science.</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Calibri;margin:0'><B>Top-Ranked Reliability</B></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>Safe, reliable, affordable and sustainable energy is part of our fundamental obligation to our customers and our communities. MGE consistently ranks in the top for reliability nationwide.</FONT></P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
<P style='font:10pt Calibri;margin:0'><FONT style=font-size:10pt>We're committed to operational excellence, to meaningful engagement with our diverse customer base and to our sustainability goals&#8212;for the benefit of all of those we serve&#8212;our communities, our employees and our shareholders who trust us with their investment. These commitments are part of our values, part of what it means to serve as your community energy company.</FONT></P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:9pt Calibri;margin:0'>2</P>
<P style='font:11pt Calibri;margin:0'>&nbsp;</P>
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