MGE Energy: Declares regular dividend

CONTACT: Steven Schultz
Corporate Communications Manager
608-252-7219, [email protected]

Madison, Wis., Madison, Oct. 20, 2017—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 Dec. 15, 2017, to shareholders of record at the close of
business Dec. 1, 2017.

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.