United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


November 6, 2018

Date of report (date of earliest event reported)



Commission

File No.

 

Name of Registrant, State of Incorporation, Address

of Principal Executive Offices, and Telephone No.

 

IRS Employer

Identification No.


000-49965

 


MGE Energy, Inc.

(a Wisconsin Corporation)

133 South Blair Street

Madison, Wisconsin 53788

(608) 252-7000

mgeenergy.com

 


39-2040501


000-1125

 


Madison Gas and Electric Company

(a Wisconsin Corporation)

133 South Blair Street

Madison, Wisconsin 53788

(608) 252-7000

mge.com

 


39-0444025

 

 

 

 

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


[ ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[ ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


[ ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


[ ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company. [ ]


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]



1




Item 2.02. Results of Operations and Financial Condition.


On November 6, 2018, MGE Energy, Inc. (the Company) issued a press release announcing its third quarter 2018 earnings. The Company is furnishing a copy of that press release as Exhibit 99.1 to this report.


This combined Form 8-K is being furnished separately by the Company and Madison Gas and Electric Company. Information contained herein relating to any individual registrant has been furnished by such registrant on its own behalf. Neither registrant makes any representation as to information relating to the other registrant.


Item 9.01. Financial Statements and Exhibits.


(a)

Financial statements of businesses acquired: None

(b)

Pro forma financial information: None

(c)

Shell company transactions: None

(d)

Exhibits.


Exhibit No.

 

Description

99.1

 

Press release of MGE Energy, Inc., issued on November 6, 2018.




2




SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.


 

MGE Energy, Inc.

Madison Gas and Electric Company

 

(Registrants)

 

 

 

 

 

 

Date: November 6, 2018

/s/ Jeffrey C. Newman

 

Jeffrey C. Newman

Executive Vice President, Chief Financial Officer,

Secretary and Treasurer




3




MGE Energy, Inc.

Madison Gas and Electric Company


Exhibit Index to Form 8-K

Dated November 6, 2018



Exhibit No.

 

Description

99.1

 

Press release of MGE Energy, Inc., issued on November 6, 2018.





4





EXHIBIT 99.1

News



MGE Energy Reports Third-Quarter Earnings


Madison, Wis., Nov. 6, 2018—MGE Energy, Inc. (Nasdaq: MGEE) today reported financial results for the third quarter of 2018.


MGE Energy's earnings for the third quarter of 2018 were $29.5 million, or 85 cents per share, compared to $26.6 million, or 77 cents per share, for the same period in the prior year.


During the third quarter of 2018, electric net income increased due to a 3.5% increase in electric retail sales. This increase reflects higher customer demand as a result of warmer weather, particularly in August, when compared to cooler weather for the same month in 2017. The average temperature in August was 72 degrees compared to 67 degrees in the prior year. Normal average temperature in August is 70 degrees.


MGE Energy, Inc.

(In thousands, except per share amounts)

(Unaudited)


Three Months Ended September 30,

2018

 

2017

Operating revenue

$137,795

 

$139,539

Operating income

$39,798

 

$41,997

Net income

$29,506

 

$26,629

Earnings per share (basic and diluted)

$0.85

 

$0.77

Weighted average shares outstanding (basic and diluted)

34,668

 

34,668

 

 

 

 

Nine Months Ended September 30,

2018

 

2017

Operating revenue

$419,689

 

$422,825

Operating income

$90,217

 

$99,428

Net income

$67,858

 

$61,472

Earnings per share (basic and diluted)

$1.96

 

$1.77

Weighted average shares outstanding (basic and diluted)

34,668

 

34,668


About MGE Energy


MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 151,000 customers in Dane County, Wis., and purchases and distributes natural gas to 158,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.


Contact


Steven B. Schultz

Corporate Communications Manager

608-252-7219 | sbschultz@mge.com



 





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