MGE Energy Increases Dividend To $0.3826 Per Share

The board of directors of MGE Energy, Inc.

today increased the regular quarterly dividend to $0.3826 per share on the company's common stock. The dividend is payable Sept. 15, 2011, to shareholders of record Sept. 1, 2011. With this increase, the new dividend is equivalent to an annual rate of $1.5304 per share. "MGE Energy is committed to shareholder value. The company's strong operational performance and cost control enable us to increase the dividend," said Gary Wolter, chairman, president and CEO. The company has increased its dividend annually for the past 36 years and has paid cash dividends for more than 100 years.