MGE Energy Inc. announced that its subsidiary, Madison Gas and Electric Company (MGE), has redeemed all $1.2 million of its outstanding 7.70% First Mortgage Bonds due 2028. This redemption marks the retirement of the last remaining series of first mortgage bonds under MGE's longstanding Indenture of Mortgage and Deed of Trust, originally established in 1946. Following the full repayment, MGE has satisfied and discharged the Indenture and is taking steps to remove the associated lien from its utility plant assets. No additional first mortgage bonds will be issued under the discharged Indenture.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-028612), on January 29, 2026, and is solely responsible for the information contained therein.