MGE Energy posts AGA Financial Forum presentation outlining $1.9 billion 2026-2030 capital plan
MGEE•Presentation outlines capital spending plan and rate assumptions
MGE Energy outlined a $1.9 billion capital plan for 2026-2030, including $203 million to buy a 33% stake in the RockGen gas plant.
- The RockGen interest covers 168 MW of a 503-MW natural gas combustion turbine.
- The transaction is expected to close in late 2027, subject to PSCW approval.
- Regulators set a 9.8% authorized ROE with a roughly 56% equity layer through 2027.
- 2026 base rates rise 0.15% electric and 2.77% gas.
- 2027 base rates increase 3.63% electric and 2.04% gas.
- Average electric rate base is $1.35 billion in 2026 and in 2027.
