MGE Energy, Inc. and Madison Gas and Electric Company Elects Noble L. Wray as a Member of Both Boards of Directors, Effective September 1, 2021 and as a Member of Audit Committee and the Corporate Governance Committee of the Board of Directors of MGE Energy, Effective as of September 1, 2021
July 21, 2021 at 03:02 pm EDT
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On July 16, 2021, the Boards of Directors of both MGE Energy, Inc. and Madison Gas and Electric Company elected Noble L. Wray as a member of both boards of directors, effective September 1, 2021. Mr. Wray will be a Class III director whose term will expire at the annual meeting of shareholders in 2022. Mr. Wray was also elected to serve on the Audit Committee and the Corporate Governance Committee of the Board of Directors of MGE Energy, effective as of September 1, 2021. Mr. Wray has been determined by MGE Energy’s Board of Directors to be an independent director under the independence guidelines adopted by the NASDAQ Stock Market, Inc. Mr. Wray retired from the Madison Police Department after 30 years. He was promoted through the ranks and was appointed Chief of Police of the City of Madison in 2004.
MGE Energy, Inc. is a public utility holding company. The Company's segments include Regulated electric utility operations; Regulated gas utility operations; Nonregulated energy operations, and Transmission investments. The Regulated electric utility operations segment is engaged in generating, purchasing, and distributing electricity through Madison Gas and Electric Company (MGE). The Regulated gas utility operations segment is engaged in purchasing and distributing natural gas through MGE. The Nonregulated energy operations segment owns and leases electric generating capacity that assists MGE through MGE Energy's wholly owned subsidiaries MGE Power Elm Road and MGE Power West Campus. The Transmission investments segment includes the investment in American Transmission Company LLC, which is engaged in the business of providing electric transmission services in Wisconsin, and ATC Holdco LLC, which facilitate out-of-state electric transmission development and investments.
MGE Energy, Inc. and Madison Gas and Electric Company Elects Noble L. Wray as a Member of Both Boards of Directors, Effective September 1, 2021 and as a Member of Audit Committee and the Corporate Governance Committee of the Board of Directors of MGE Energy, Effective as of September 1, 2021