• MGE Energy priced an underwritten public offering of 3,300,331 common shares at USD 75.75 per share, with closing expected on or about May 8, 2026.
• Deal includes 990,099 shares issued by MGE Energy, with 2,310,232 shares sold via forward sale agreements; initial forward sale price set at USD 72.91 per share, subject to adjustments.
• Underwriters hold 30-day option to buy up to 495,049 additional shares, with MGE Energy able to issue shares directly or enter additional forward sale agreements.
• Net proceeds earmarked for general corporate purposes, including short-term debt repayment, capital spending, refinancing, or subsidiary investments; cash from forward sales expected at settlement, no later than about 20 months from prospectus supplement date.

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 via Business Wire (Ref. ID: 202605062255BIZWIRE_USPR_____20260506_BW350679) on May 07, 2026, and is solely responsible for the information contained therein.