Colder Weather Brings Increased Volumes.MADISON Madison, cities, United States Madison. 1 City (1990 pop. 12,006), seat of Jefferson co., SE Ind., on the Ohio River; settled c.1806, inc. 1838. It is a port of entry and a tobacco marketing center. , Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. . -- MGE Mge Mycoplasma Genitalium MGE Minneapolis Grain Exchange MGE Madison Gas and Electric Company MGE Mobile Genetic Elements MGE Maintenance Ground Equipment MGE Microstation Graphics Environment MGE Modern Gun Effectiveness Model MGE Modular Gis Environment Energy, Inc. (Nasdaq: MGEE) today reported earnings for the three months ended March 31, 2007, of $12.3 million or 59 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared to $11.5 million or 56 cents per share during the same period in the prior year. This slight increase is largely attributable to the cold weather experienced during the quarter. During the three months ended March 31, 2007, retail gas deliveries increased 18.9% from the same period in the prior year, primarily as a result of the colder temperatures. The increase in gas volumes resulted in a $14.0 million increase in gas revenues and a slight improvement to net income. The increase in gas volumes was partially offset by lower gas rates. During the three months ended March 31, 2007, retail gas rates were 9.6% lower than those during the same period in the prior year. MGE Energy's electric segment also experienced increased volumes during the three months ended March 31, 2007. The increase in volumes contributed to a $2.9 million increase in electric revenues. This benefit was offset by an increase in the per-unit cost of both fuel and purchased power costs. During the three months ended March 31, 2007, purchased power costs increased $0.7 million and fuel used for electric generation increased $2.5 million, when compared to the same period in the prior year. MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to nearly 135,000 customers in Dane County, Wisconsin Dane County is a county located in the U.S. state of Wisconsin. As of 2000, the population was 426,526. Its county seat is Madison6. The United States Census Bureau's Madison Metropolitan Statistical Area includes all of Dane County (as well as neighboring Iowa and , and purchases and distributes natural gas to more than 138,000 customers in seven south-central and western Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee counties. MGE has served the Madison area since 1896. [TABLE OMITTED] |
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