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MGE Energy outlines $2 billion capital investment plan for 2027-2031

By Public Technologies
  • MGE Energy forecasts about $2 billion in capital investment from 2027 through 2031, according to its EEI Financial Conference presentation.
  • A $250 million equity offering in May 2026 secured all equity funding needed through 2031 under the current capital plan.
  • Remaining funding requirements will be met through operating cash flow and incremental debt.
  • The planned $203 million acquisition of a 33.4% RockGen stake is expected to close in late 2027, subject to regulatory approval.
  • Authorized return on equity remains 9.8% through 2027, with a regulatory equity layer of about 56%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGE Energy Inc. published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.

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