MGE Energy: Declares regular dividend

Madison, Wis., Nov. 19, 2010—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared the regular quarterly dividend of $0.3751 per share on the outstanding shares of the company’s common stock, payable Dec. 15, 2010, to shareholders of record at the close of business Dec. 1, 2010.

MGE Energy has increased its dividend annually for the past 35 years and has paid cash dividends for more than 100 years.

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 138,000 customers in Dane County, Wis., and purchases and distributes natural gas to 142,000 customers in seven south-central and western Wisconsin counties. MGE’s roots in the Madison area date back more than 150 years.

PDF: (See attached file: MGEE_Dividend_201012.pdf)

Stephen R. Kraus

Manager – Media Relations

Madison Gas and Electric Co.

608-252-7907

E-mail address: [email protected]