Madison Gas and Electric
Madison Gas and Electric (MGE) is a regulated natural gas and electric utility headquartered in Madison, Wisconsin. Founded in 1896, MGE is the primary asset of MGE Energy (Nasdaq: MGEE), a publicly traded utility holding company. The company generates and distributes electricity to 167,000 customers in Dane County and purchases and distributes natural gas to 178,000 customers across seven south-central and western Wisconsin counties. MGE employs 380 people and generates annual revenue of $230 million.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.9M
+21.5% YoY
Grant Count
217
+10.7% YoY
Avg Grant Size
$9K
+9.7% YoY
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Annual Revenue: $230 million
- Parent Company Market Cap: $3.26 billion
- Stock Price: $90.20 (NASDAQ: MGEE)
- Employees: 380 (with 5.6% year-over-year growth)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Centro Hispano of Dane County ($77,000), Boys and Girls Club of Dane County ($50,000), Center for Black Culture and Excellence ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 BLACK MEN OF MADISON INC MADISON, WI | GENERAL SUPPORT | $3,400 |
| ACCESS ABILITY WISCONSIN VERONA, WI | GENERAL SUPPORT | $500 |
| ACCESS COMMUNITY HEALTH CENTERS MADISON, WI | GENERAL SUPPORT | $1,000 |
| ACCESS TO INDEPENDENCE MADISON, WI | GENERAL SUPPORT | $2,000 |
| AFFORDABLE DENTAL CARE ELM GROVE, WI | GENERAL SUPPORT | $2,000 |
| AFRICAN ASSOCIATION OF MADISON INC MADISON, WI | GENERAL SUPPORT | $7,500 |
| ALDO LEOPOLD NATURE CENTER MADISON, WI | GENERAL SUPPORT | $15,000 |
| AMASIAN CORPORATION FITCHBURG, WI | GENERAL SUPPORT | $500 |
| AMERICAN HEART ASSOCIATION MADISON, WI | GENERAL SUPPORT | $10,000 |
| AMERICAN PARKINSON DISEASE ASSOCIATION MADISON, WI | GENERAL SUPPORT | $500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Officers of Madison Gas and Electric:
- Jeffrey M. Keebler – Chairman, President and Chief Executive Officer (service since 1995)
- Cari Anne Renlund – Vice President, General Counsel and Secretary (service since 2015)
- Jared J. Bushek – Vice President, Chief Financial Officer and Treasurer (service since 2010)
- Melissa T. Garner – Vice President, People and Community Engagement (service since 2013)
- James J. Lorenz – Vice President, Energy Operations (service since 1987)
- Scott R. Smith – Vice President, Business and Regulatory Strategy (service since 2013)
- John A. Jicha – Assistant Vice President, Energy Supply (service since 2005)
- Jenny L. Lagerwall – Assistant Vice President, Accounting and Controller (service since 2009)
- John T. Robson – Assistant Vice President, Electric Engineering and Energy Production (service since 1992)
- Bryan R. Sullivan – Assistant Vice President, Chief Information Officer (service since 2018)
- Ted L. Wadzinski – Assistant Vice President, Gas Operations, Measurement and Operations Support (service since 2011)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEFFREY KEEBLER | PRESIDENT | 1 | — |
| JARED BUSHEK | VICE PRESIDENT/TREASURER SINCE JULY | 1 | — |
| TAMARA JOHNSON | VICE PRESIDENT/TREASURER THRU JUNE | 1 | — |
| CARI ANNE RENLUND | SECRETARY | 1 | — |
| GARY WOLTER | DIRECTOR | 1 | — |
| LYNN K HOBBIE | DIRECTOR | 1 | — |
| SCOTT SMITH | DIRECTOR | 1 | — |
Recent Activity
Recent developments and announcements
MGE has been active in renewable energy development and clean energy initiatives. The company has received regulatory approval to purchase renewable energy from multiple projects and has undertaken solar energy expansion efforts in Rock County. MGE's sustainability initiatives are documented in its Corporate Responsibility and Sustainability Report.
[PDF] 2025 Corporate Responsibility and Sustainability ReportFrequently Asked Questions
What size grants does Madison Gas and Electric award?
In 2024, Madison Gas and Electric awarded 217 grants totaling $1.9M — an average of about $9K per grant, based on its IRS Form 990 filings.
What is Madison Gas and Electric's EIN?
Madison Gas and Electric's EIN (Employer Identification Number) is 39-6098118. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Madison Gas and Electric's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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