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MGE Electricity Customers to Receive Refund
Madison, Wis., Feb. 18, 2009—The typical Madison Gas and Electric (MGE) residential customer will receive a one-time, $12.50 refund on their electricity bill because of lower than expected costs for fuel used to generate power in 2008. The refunds are scheduled to begin in late March after review by the Public Service Commission of Wisconsin.
Refunds for commercial and industrial customers will vary by rate classification and the amount of electricity used last year.
MGE generates and distributes electricity to 136,000 customers in Dane County, Wis., and purchases and distributes natural gas to 140,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy (Nasdaq: MGEE). The company's roots in the Madison area date back more than 150 years. |
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