Financial Obligation Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On October 31, 2024, Madison Gas and Electric Company (MGE), a wholly-owned subsidiary of MGE Energy, Inc., entered into a Note Purchase Agreement dated October 31, 2024 (the Note Purchase Agreement), with the note purchasers named therein, in which it committed to issue $25 million in principal amount of its 5.30% senior notes, Series A, due December 1, 2039, and $25 million in principal amount of its 5.59% senior notes, Series B, due December 1, 2054 (the Series A notes and the Series B notes are referred to collectively as the "notes"). Subject to customary closing conditions, the notes are expected to be issued on December 4, 2024.

See Item 2.03 below for more information regarding the notes and the Note Purchase Agreement.