MGE ENERGY INC
For the period ended Mar 31, 2025. Filed May 7, 2025.
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Mar 31, 2025 · Filed May 7, 2025
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6. Equity and Financing Arrangements
nancing Arrangements - MGE Energy.
a.
Common Stock.
MGE Energy sells shares of its common stock through its Direct Stock Purchase and Dividend Reinvestment Plan (the Stock Plan). Those shares may be newly issued shares or shares that are purchased in the open market by an independent agent for participants in the Stock Plan. Sales of newly issued shares under the Stock Plan are covered by a shelf registration statement that MGE Energy filed with the SEC. During thethree months ended March 31, 2025, MGE Energy issued approximately 35,774 shares of common stock under the Stock Plan. The net proceeds from these issuances were approximately $3.3 million, which were used for general corporate purposes.
b.
Dilutive Shares Calculation.
As of March 31, 2025,28,246 shares were included in the calculation of diluted earnings per share related to nonvested equity awards. See Footnote 7 for additional information on share-based compensation awards.
Share-Based C
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