MGE Energy Inc

Realta Fusion, the world's leading magnetic mirror fusion energy company, announced a strategic partnership with Madison Gas and Electric (MGE) and its parent company, MGE Energy, Inc., to explore joint development of a 200-megawatt electric (MWe) fusion energy power plant in Wisconsin. MGE Energy has made a direct equity investment in Realta and will provide equipment, engineering, technical support, and assistance with siting, permitting, interconnection, and financing. Realta CEO Kieran Furlong called the agreement a clear signal that fusion's time is coming, while MGE Chairman, President, and CEO Jeff Keebler emphasized the utility's commitment to net-zero carbon electricity by 2050. The plant would be a first-of-its-kind investment in next-generation carbon-free energy technology, and the partnership builds on Realta's recent plans to lease about 250,000 square feet at OM Station, the former Oscar Mayer site in MGE's service territory.

MGE Energy's board approved a 7.0% increase in its regular quarterly dividend to $0.5083 per share, payable September 15, 2026, to shareholders of record as of September 1, 2026. The increase raises the company's annualized dividend rate to $2.0332 per share and marks its 51st consecutive year of dividend increases. Chairman, President and CEO Jeff Keebler said the move reflects the board's confidence in the company's long-term strategy and commitment to sustainable shareholder returns. MGE Energy has paid cash dividends for more than 110 consecutive years.