MGE

MGE Energy Reports Fourth-Quarter and Full-Year 2023 Earnings

Retrieved on: 
Wednesday, February 21, 2024

MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter and full year of 2023.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter and full year of 2023.
  • An increase in electric investments included in rate base contributed to increased electric earnings for 2023.
  • The Red Barn wind project was completed in April 2023 and Badger Hollow II solar project was completed in December 2023.
  • During 2023, gas retail therm deliveries decreased approximately 13% compared to the prior year, primarily due to warmer-than-normal weather in 2023.

New Solar Added to the Grid, More in Development

Retrieved on: 
Wednesday, February 21, 2024

Like MGE’s other Madison-area renewable energy projects, Tyto Solar is a distributed energy resource that is connected to MGE’s distribution system.

Key Points: 
  • Like MGE’s other Madison-area renewable energy projects, Tyto Solar is a distributed energy resource that is connected to MGE’s distribution system.
  • Bifacial solar panels produce energy from both sides as they track the sun throughout the day.
  • Tyto Solar and the High Noon Solar Energy Center are two of several projects to help MGE achieve our industry-leading carbon reduction goals.
  • More than 50 MW of solar generation is expected to be added to MGE’s energy supply mix by the end of this year with projects currently in development.

Local Dental Office Joins Forces with a #1 Charting Artist, Jierra Clark, in the Fight for Written Informed Consent for out Veterans

Retrieved on: 
Tuesday, February 27, 2024

BATAVIA Ill. , Feb. 27, 2024 /PRNewswire-PRWeb/ -- Dr. Ronald A. Murphy, local dentist from Batavia, IL joined many colleagues from all across the country during special Leadership conferences hosted by MGE: Management Experts, Inc. in Florida. The training session included topics to increase one's responsibility for the welfare of one's community. One of the guest speakers is a #1 Charting Artist, Jierra Clark, who is also a Human Rights advocate, and supports Written Informed Consent for our veterans amongst other Human Rights initiatives.

Key Points: 
  • One of the guest speakers is a #1 Charting Artist, Jierra Clark, who is also a Human Rights advocate, and supports Written Informed Consent for our veterans amongst other Human Rights initiatives.
  • The training session included topics to increase one's responsibility for the welfare of one's community.
  • One of the guest speakers is a #1 Charting Artist, Jierra Clark, who is also a Human Rights advocate, and supports Written Informed Consent for our veterans amongst other Human Rights initiatives.
  • The need for Written Informed Consent was so obvious that they all stood shoulder-to-shoulder to ensure that this issue becomes a reality.

Wisconsin's Largest Solar Project Is Now Fully Operational

Retrieved on: 
Thursday, January 4, 2024

The final panels at the Badger Hollow Solar Farm are now in service, completing the largest solar project in Wisconsin history.

Key Points: 
  • The final panels at the Badger Hollow Solar Farm are now in service, completing the largest solar project in Wisconsin history.
  • Badger Hollow Solar Farm is a 300-megawatt (MW) renewable energy facility located near the communities of Montfort and Cobb in Iowa County, Wisconsin.
  • The project features 830,000 solar panels that move and track the sun throughout the day, maximizing power generation.
  • The panels also capture solar energy on both sides—an especially useful feature in winter when sun reflects off the snow and onto the panels.

MGE Releases Annual Corporate Responsibility and Sustainability Report

Retrieved on: 
Tuesday, December 5, 2023

Madison Gas and Electric (MGE) has published its annual Corporate Responsibility and Sustainability Report , detailing its environmental, social and governance (ESG) commitments and progress toward the company's sustainability goals.

Key Points: 
  • Madison Gas and Electric (MGE) has published its annual Corporate Responsibility and Sustainability Report , detailing its environmental, social and governance (ESG) commitments and progress toward the company's sustainability goals.
  • The 2023 report and our ESG Data Center feature information about MGE's corporate strategy and climate-related matters, safety and operations, customer and employee engagement, risk management, and governance and oversight.
  • The qualitative template includes information related to the company's strategies for transitioning toward deep decarbonization and greater sustainability.
  • MGE also publishes a TCFD report , which provides the company's key disclosures that align to TCFD recommendations.

MGE Energy Reports Third-Quarter 2023 Earnings

Retrieved on: 
Thursday, November 2, 2023

MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2023.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2023.
  • MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period in the prior year.
  • An increase in electric investments included in rate base contributed to increased electric earnings for the third quarter of 2023.
  • The timing of depreciation expense also contributed to higher electric earnings in the third quarter of 2023.

Neurona Therapeutics Announces Publication in Cell Stem Cell Reporting the Development of Investigational Novel Regenerative Cell Therapy Strategy for Drug-resistant Focal Epilepsy

Retrieved on: 
Thursday, October 5, 2023

SAN FRANCISCO, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Neurona Therapeutics, a clinical-stage biotherapeutics company advancing regenerative cell therapy candidates for the treatment of neurological disorders, today announced the publication of the development and characterization of a highly purified population of human stem cell-derived, pallial-specific MGE inhibitory interneurons for the potential treatment of focal epilepsy. In a preclinical study, administration of a single dose of the cells in a chronic model of drug-resistant MTLE resulted in durable and consistent suppression of focal seizures, as well as improvements in neuropathology and an increase in survival of the model. The study also demonstrated a potentially broad, safe and effective dosing range in the preclinical model. The data support the development of Neurona Therapeutics’ regenerative cell therapy candidate, NRTX-1001, which is being evaluated in an ongoing Phase I/II clinical trial of a one-time dose in subjects with drug-resistant MTLE (NCT05135091). The preclinical data were published today in Cell Stem Cell as a Clinical and Translational Report titled “Human pallial MGE-type GABAergic interneuron cell therapy for chronic focal epilepsy” by first authors Bershteyn, Bröer, Parekh, Maury, and colleagues and is available online.

Key Points: 
  • The data support the development of Neurona Therapeutics’ regenerative cell therapy candidate, NRTX-1001, which is being evaluated in an ongoing Phase I/II clinical trial of a one-time dose in subjects with drug-resistant MTLE ( NCT05135091 ).
  • The preclinical data were published today in Cell Stem Cell as a Clinical and Translational Report titled “Human pallial MGE-type GABAergic interneuron cell therapy for chronic focal epilepsy” by first authors Bershteyn, Bröer, Parekh, Maury, and colleagues and is available online .
  • “We are thrilled to announce this landmark publication, which builds the foundation for NRTX-1001 and exemplifies the phenomenal science being conducted by Neurona employees.
  • The data support the development of Neurona’s cell therapy candidate NRTX-1001, which is being evaluated in an ongoing clinical trial ( NCT05135091 ) in adults with drug-resistant MTLE.

Post University Celebrates WNBA Connecticut Sun Partnership Through New Advertising Campaign

Retrieved on: 
Thursday, August 17, 2023

“We are excited to tap into the energy of the Connecticut Sun and the fans of the WNBA.

Key Points: 
  • “We are excited to tap into the energy of the Connecticut Sun and the fans of the WNBA.
  • We take pride in this partnership and the opportunity it provides us to showcase how we can engage with new audiences in unique ways," said Post University President and CEO John L. Hopkins.
  • In addition to the educational opportunities this partnership fosters, Post is a “Jersey Patch Sponsor” through the 2026 season.
  • To learn more about Post and its partnership with the Connecticut Sun, visit www.post.edu/ctsun .

MGE Energy Reports Second-Quarter 2023 Earnings

Retrieved on: 
Thursday, August 3, 2023

MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the second quarter of 2023.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the second quarter of 2023.
  • MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the second quarter of 2023 were $28.7 million, or $0.79 per share, compared to $21.8 million, or $0.60 per share, for the same period in the prior year.
  • An increase in electric investments included in rate base contributed to increased electric earnings for the second quarter of 2023.
  • The timing of 2023 depreciation expense and lower fuel costs also contributed to higher electric earnings in the second quarter of 2023.

Crane NXT, Co. Announces Appointment of David D. Petratis to Board of Directors

Retrieved on: 
Thursday, July 27, 2023

Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced that its Board of Directors has appointed David D. Petratis as a Director of Crane NXT.

Key Points: 
  • Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced that its Board of Directors has appointed David D. Petratis as a Director of Crane NXT.
  • Mr. Petratis has built a career as an Executive Leader and Board Director of multinational technology-focused companies.
  • John S. Stroup, Chairman of the Crane NXT Board, said: “David’s extensive experience managing and advising post-separation companies, along with his expertise in business strategy development and acquisitions, will be an invaluable addition to the Crane NXT Board.
  • I am delighted to welcome him to the Board, and l look forward to working with him as Crane NXT continues to successfully execute on its growth strategy.”