Mge Energy Inc. · NASDAQ:MGEE
Mge Energy — Investor Presentation (February 2008)
12 slides from Mge Energy's investor presentation, Feb 27, 2008
Slide 1: Overview - Organizations and Authorized Returns
Overview - Organizations and Authorized Returns
Slide 2: Madison Gas and Electric Co. organization and returns
Madison Gas and Electric Co. (Est. 1896) Current ROE: 10.8% Debt: 43% Equity: 57% MGE MGE Transco Power LLC Investment LLC (Est. 2002) (Est. 2005) MGE Power MGE Power West Elm Road renee (Est. 2003) Investment: $41 mil ATC investment Fixed ROE: 12.1% Debt: 47 Equity: 5: Investment: $109 mil Lease te
Slide 3: MGE structure: regulated utility and MGE Power
MGE Regulated Utility MGEE Parent Company MGE Power Leases Electric Generation Assets
Slide 4: Our results
Our results Highest rated investor-owned electric and gas utility S&P (Utility ratings) Corporate Credit: AA- Com. Paper: A1+ Outlook: Stable “…MGE’s business risk profile reflects very constructive regulation…, prudent management, and a growing and stable market. …[S&P] expects that [the company’s
Slide 5: Electric and gas customer growth 2002-2007
145,000 140,000 135,000 130,000 125,000 120,000 115,000 140,000 136,000 130,000 126,000 2002 2007 ——Customers- Electric ——Customers-Gas
Slide 6: Electric and gas revenue 2002-2007
2002 2007 ™ Revenue - Electric ($ million) ™ Revenue - Gas ($ million)
Slide 7: Capital Expenditures Contributing To Growth
Capital Expenditures Contributing To Growth:
Slide 8: Electric: $282 million
2002-2007 Electric: $282 million Gas: $74 million 2007 Assets: $864 million Authorized Utility ROE: 10.8% Authorized Equity: 57% MGE Power LLC Fixed Return Asset Growth West Campus Cogeneration Facility Investment: $109 million (our share) Fixed ROE: 12.1% Fixed Equity: 53% Initial Lease Term: 30 ye
Slide 9: Earnings By Segment
Earnings By Segment Fixed return assets continue to provide growth
Slide 10: Consistent Dividend Increases
Consistent Dividend Increases 2007 annual dividends paid increased from $1.39 per share to $1.41 per share Our record is 32 consecutive years of dividend increases
Slide 11: Wisconsin regulation
Wisconsin regulation Very Constructive and Supportive [Logo of Public Service Commission of Wisconsin] Update for 2008 The PSCW approved a 10.8% ROE and a 57% equity/ 43% debt capital structure in MGE’s most recent rate order (Dec. 2007) The PSCW approved a 4.8% electric rate increase and 2.8% gas r
Slide 12: Contact information
Contact information For more information, please contact: Ken Frassetto Director – Shareholder Services and Treasury Management P.O. Box 1231 Madison, WI 53701-1231 Phone: 608-252-4723 Fax: 608-252-7098 E-mail: kfrassetto@mge.com