MADISON GAS & ELECTRIC CO
For the period ended Mar 31, 2026. Filed May 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
12. Joint Plant Construction Project Ownership
uction Project Ownership - MGE Energy and MGE.
MGE has ownership interests in generation projects with other co-owners, some of which are under construction, as shown in the following table. Incurred costs are reflected in "Property, plant, and equipment, net" or "Construction work in progress" on the consolidated balance sheets.
| Project | Ownership Interest | Source | Share of Generation | Share of Estimated Costs(a) | Costs incurred as of March 31, 2026(a) | Estimated Date of Commercial Operation |
|---|---|---|---|---|---|---|
| Darien(b)(c) | 10% | Battery | 7.5 MW | $18 million(j) | $7.4 million | 2027 |
| Koshkonong(b)(d) | 10% | Solar/Battery | 30 MW/16.5 MW | $93 million(j) | $65.9 million | 2026 Solar2027 Battery |
| High Noon(b)(e) | 10% | Solar/Battery | 30 MW/16.5 MW | $99 million | $60.1 million | 2027 |
| Columbia Energy Dome(b)(e) | 19% | Storage | 3 MW | $22 million(j) | $2.0 million | 2027 |
| Badger Hollow(b)(f) | 10% | Wind | 11.2 MW | $36 million | $5.6 million | 2027 |
| Whitetail(g) | 10% | Wind | 6.7 MW | $23 million | $1.2 million | 2027 |
| Dawn Harvest(b)(h) | 10% | Solar | 15 MW | $34 million | $1.4 million | 2027 |
| Ursa(b)(e) | 10% | Solar | 20 MW | $46 million | $6.5 million | 2028 |
| Saratoga(b)(i) | 10% | Solar/Battery | 15 MW/5 MW | $46 million | $11.9 million | 2028 |
| Good Oak(b)(e) | 10% | Solar | 9.8 MW | $22 million | $1.7 million | 2028 |
| Gristmill(b)(e) | 10% | Solar | 6.7 MW | $15 million | $1.6 million | 2028 |
(a)
Excluding AFUDC.
(b)
MGE received specific approval to recover 100% AFUDC. During the three months ended March 31, 2026, MGE recognized $3.1 million, after tax, in AFUDC for these projects compared to $1.6 million for the comparable period in 2025.
(c)
Darien Solar Energy Center is located in Walworth and Rock Counties in southern Wisconsin.
(d)
Koshkonong Solar Energy Center is located in the Towns of Christiana and Deerfield in Dane County, Wisconsin.
(e)
Located in Columbia County, Wisconsin.
(f)
Badger Hollow Wind is located in Iowa and Grant Counties, Wisconsin.
(g)
Whitetail Wind is located in Grant County, Wisconsin.
(h)
Dawn Harvest Solar Energy Center is located in Rock County, Wisconsin.
(i)
Saratoga Solar Energy Center is located in Wood County, Wisconsin.
(j)
Estimated costs are expected to exceed PSCW previously approved Certificate of Authority (CA) levels. Notifications are provided to the PSCW when costs increase above CA levels. MGE has and will continue to request recovery of the updates in its rate case proceedings.
Reven
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.