MGE Energy Declares Regular Dividend

January 20, 2014

The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) declared the regular quarterly dividend of $0.2717 on the outstanding shares of the company's common stock at the close of business on March 1, 2014, payable March 15, 2014, to shareholders of record at the close of business on March 1, 2014. The per share amount of the dividend declaration reflects MGE Energy's previously announced three-for-two stock split, which will become effective prior to the record date for determining the holders entitled to receive the dividend.

MGE Energy has increased its dividend annually for the past 38 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 140,000 customers in Dane County, Wis., and purchases and distributes natural gas to 145,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.

For more information:

MGE Energy

133 S Blair St
Madison, Wisconsin
United States, 53701-1231
Tel: 608-252-7000

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