# EDGAR Filing Document

**Accession Number:** 0000061339
**File Stem:** 0000950170-23-006615
**Filing Date:** 2023-3
**Character Count:** 8478
**Document Hash:** c3e76ffa790aa32b7fa8c066492da554
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-006615.hdr.sgml**: 20230308

**ACCESSION NUMBER**: 0000950170-23-006615

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230306

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230308

**DATE AS OF CHANGE**: 20230308

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MGE ENERGY INC
- **CENTRAL INDEX KEY:** 0001161728
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC, GAS & SANITARY SERVICES [4900]
- **IRS NUMBER:** 392040501
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-49965
- **FILM NUMBER:** 23715094

**BUSINESS ADDRESS:**
- **STREET 1:** 133 SOUTH BLAIR STREET
- **STREET 2:** P.O. BOX 1231
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53701-1231
- **BUSINESS PHONE:** (608) 252-7000

**MAIL ADDRESS:**
- **STREET 1:** 133 SOUTH BLAIR STREET
- **STREET 2:** P.O. BOX 1231
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53701-1231
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MADISON GAS & ELECTRIC CO
- **CENTRAL INDEX KEY:** 0000061339
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 390444025
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1025

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-01125
- **FILM NUMBER:** 23715095

**BUSINESS ADDRESS:**
- **STREET 1:** 133 SOUTH BLAIR STREET
- **STREET 2:** P.O. BOX 1231
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53701-1231
- **BUSINESS PHONE:** (608) 252-7000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 1231
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53701-1231

?xml version="1.0" encoding="ASCII"? 8-K

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**Washington, D.C. 20549**<br>|  |
|  | &nbsp;&nbsp;**FORM** 8-K<br>**CURRENT REPORT**<br>**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934** |  |
|  | &nbsp;&nbsp;March 6, 2023<br>Date of report (date of earliest event reported) |  |
| &nbsp;&nbsp;&nbsp;**Commission**<br>**File No.** | &nbsp;&nbsp;&nbsp;&nbsp;**Name of Registrant, State of Incorporation, Address**<br>**of Principal Executive Offices, and Telephone No.** | &nbsp;&nbsp;**IRS Employer**<br>**Identification No.** |
| &nbsp;&nbsp; <br>000-49965 | &nbsp;&nbsp;**MGE Energy, Inc.**<br>(a Wisconsin Corporation)<br>133 South Blair Street<br>Madison, Wisconsin 53788<br>(608) 252-7000 \| mgeenergy.com | &nbsp;&nbsp; <br>39-2040501 |
| &nbsp;&nbsp; <br>000-1125 | &nbsp;&nbsp;**Madison Gas and Electric Company**<br>(a Wisconsin Corporation)<br>133 South Blair Street<br>Madison, Wisconsin 53788<br>(608) 252-7000 \| mge.com<br>| &nbsp;&nbsp; <br>39-0444025 |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

**MGE Energy, Inc.** ☐ **Madison Gas and Electric Company** ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

**MGE Energy, Inc.** ☐ **Madison Gas and Electric Company** ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Name of each exchange on which registered** |
| &nbsp;&nbsp;Common Stock, $1 Par Value Per Share<br> &nbsp;&nbsp;MGEE | &nbsp;&nbsp;The NASDAQ Stock Market |

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**Item 1.01. Entry into a Material Definitive Agreement.** 

Madison Gas and Electric Company (MGE), a wholly-owned subsidiary of MGE Energy, Inc. (MGEE), remarketed the $19.3 million City of Madison, Wisconsin Industrial Development Revenue Refunding Bonds (Madison Gas and Electric Company Project), Series 2020A (Series 2020A Bonds) due October 1, 2027. MGE is obligated to make payment on the Series 2020A Bonds as described below.

See Item 8.01 below for information regarding the remarketing of the Series 2020A Bonds.

**Item 8.01. Other Events.**

**Remarketing of Series 2020A Bonds**

On March 6, 2023, $19.3 million of City of Madison, Wisconsin Industrial Development Revenue Refunding Bonds (Madison Gas and Electric Company Project), Series 2020A were remarketed at an interest rate of 3.75% with a scheduled closing date for the remarketing of March 16, 2023. The closing is subject to customary conditions.

The net proceeds of the Series 2020A Bonds were loaned to MGE pursuant to a Loan Agreement dated April 1, 2020, with the City of Madison, and, under that Loan Agreement, MGE is responsible for payment of principal, premium, if any, and interest on the Series 2020A Bonds. The Series 2020A Bonds were originally issued bearing an interest rate of 2.05% per annum for a period that, by agreement of the affected parties, will end March 15, 2023, at which point the Series 2020A Bonds will be subject to mandatory tender by their holder and remarketed. The remarketing of the Series 2020A Bonds was done by U.S. Bank, who acted as the remarketing agent. As a result of the remarketing, the Series 2020A Bonds will carry an interest rate of 3.75% per annum, which is payable semiannually on April 1 and October 1, until their maturity on October 1, 2027. The remarketed Series 2020A Bonds will not be subject to further remarketing or optional redemption prior to their maturity.

Events of default under the Indenture governing the Series 2020A Bonds and Loan Agreement include failures to pay principal or interest on the Series 2020A Bonds and defaults in the performance of various covenants; subject to any applicable cure periods.

<u>Forward-Looking Statements</u>

Except for the historical information contained herein, certain of the matters discussed in this report are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by MGE Energy, Inc. (MGEE) and MGE include those factors discussed herein, as well as the items discussed in MGEE's and MGE's Annual Report on Form 10-K for the year ended December 31, 2022—ITEM 1A. Risk Factors, and other factors discussed in filings made by MGEE and MGE with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this report. Neither MGEE nor MGE undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report, except as required by law.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

<u>Exhibit No.</u>   <u>Description</u> <br> 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
|  | &nbsp;&nbsp;**MGE Energy, Inc.**<br>**Madison Gas and Electric Company** |
|  | &nbsp;&nbsp;(Registrants) |
| &nbsp;&nbsp;Date: March 8, 2023 | &nbsp;&nbsp;/s/ Tamara J. Johnson |
|  | &nbsp;&nbsp;Tamara J. Johnson<br>Vice President - Chief Accounting Officer and Controller |

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