Who are MGE Energy, Inc.'s main suppliers?

MGE Energy, Inc. (MGEE) key suppliers include: FORWARD-PURCHASERS, WISCONSIN-BASED-UTILITIES. View the full supplier network at chainsifter.com/chain/MGEE.

Who are MGE Energy, Inc.'s major customers?

MGE Energy, Inc. (MGEE) key customers include: MADISON-GAS-AND-ELECTRIC-COMPANY, MGE-ENERGY-INC, Morgan Stanley, Morgan Stanley, X Financial and 12 more. View the full customer network at chainsifter.com/chain/MGEE.

What sector is MGE Energy, Inc. in?

MGE Energy, Inc. (MGEE) operates in the general sector. ChainSifter tracks its verified supply chain relationships including suppliers, customers, and strategic partners.

MGE Energy, Inc. (MGEE) Supply Chain: 20 Verified Relationships

2Suppliers

17Customers

1Debt Items

20Related Chains

Source-Backed Evidence Depth

MGE Energy, Inc. (MGEE) is shown with relationship data already present in ChainSifter's database. Counts below come from stored supply-chain records and filing/source URLs where available; missing source URLs are not filled in or estimated.

21Total relationships

4Distinct source URLs

6High confidence

0.718Average confidence

2026-09-13Latest database update

ChainSifter does not infer unreported suppliers, customers, ownership, acquisitions, debt exposure, revenue dependency, or future supply-chain events on this public page.

MGE Energy, Inc. Suppliers

Ticker	Name	Confidence	Evidence
FORWARD-PURCHASERS	FORWARD-PURCHASERS	90%	In the ordinary course of their respective businesses, the Forward Purchasers and the Forward Sellers and/or their affiliates have in the past and may in the future provide the Company and its affili…
WISCONSIN-BASED-UTILITIES	WISCONSIN-BASED-UTILITIES	85%	In 2001, American Transmission Company LLC (ATC) was collectively formed by Wisconsin-based utilities which were required by Wisconsin law to contribute their transmission facilities to an independen…

MGE Energy, Inc. Customers

Ticker	Name	Confidence	Evidence
MADISON-GAS-AND-ELECTRIC-COMPANY	MADISON-GAS-AND-ELECTRIC-COMPANY	92%	This combined Form 8-K is being furnished separately by the Company and Madison Gas and Electric Company.
MGE-ENERGY-INC	MGE-ENERGY-INC	90%	MGE engages early with prospective customers to evaluate load needs, interconnection requirements, and potential system impacts.
MS-PE	Morgan Stanley	72%	Reciprocal relationship from MS-PE graph: Reciprocal relationship from MGEE graph: Reciprocal relationship from MS-PE graph: Reciprocal relationship from MGEE graph: oftware costs. The authoritative …
MS-PK	Morgan Stanley	72%	oftware costs. The authoritative guidance will become effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual reporting periods; early adopti…
XYF	X Financial	72%	. v. Income Taxes and Excise Taxes - MGE Energy and MGE. Income taxes Under the balance sheet method, income taxes are deferred for all temporary differences between pretax financial and taxable inco…
XYF	X Financial	72%	Reciprocal relationship from XYF graph: Reciprocal relationship from MGEE graph: Reciprocal relationship from XYF graph: Reciprocal relationship from MGEE graph: Reciprocal relationship from XYF grap…
AMERICAN-TRANSMISSION-COMPANY-LLC	AMERICAN-TRANSMISSION-COMPANY-LLC	62%	Item 2. Properties , of this Report for a description of MGE's electric utility plant. MGE is registered with North American Electric Reliability Corporation (NERC) and one regional entity, the Midwe…
ANR-PIPELINE-COMPANY	ANR-PIPELINE-COMPANY	62%	t to reduce their environmental footprint further, MGE introduced a renewable natural gas program in May 2024, after approval by the PSCW. MGE purchases renewable thermal credits on behalf of custome…
CAPITAL-RESOURCES	CAPITAL-RESOURCES	62%	Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources in the 2025 Annual Report on Form 10-K for information regarding MGE En…
CO-LLC	CO-LLC	62%	oftware costs. The authoritative guidance will become effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual reporting periods; early adopti…
CONDENSED-PARENT-COMPANY	CONDENSED-PARENT-COMPANY	62%	Total Investments 1,259,669 1,169,848 Total Assets $ 1,266,311 $ 1,176,806 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable to affiliates $ 591 $ 572 Other current liabiliti…
FOR-PARENT-COMPANY	FOR-PARENT-COMPANY	62%	Total Investments 1,259,669 1,169,848 Total Assets $ 1,266,311 $ 1,176,806 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable to affiliates $ 591 $ 572 Other current liabiliti…
GUGGENHEIM-SECURITIES-LLC	GUGGENHEIM-SECURITIES-LLC	62%	oftware costs. The authoritative guidance will become effective for annual reporting periods beginning after December 15, 2027, and interim periods within those annual reporting periods; early adopti…
HOSHINE-SILICON-INDUSTRY-CO-LTD	HOSHINE-SILICON-INDUSTRY-CO-LTD	62%	ional refund for the First Complaint Period and 42 for the period following the Second Complaint Period. As a result of the October 2024 ruling, during the fourth quarter 2024 earnings in ATC reflect…
NORTHERN-NATURAL-GAS-COMPANY	NORTHERN-NATURAL-GAS-COMPANY	62%	t to reduce their environmental footprint further, MGE introduced a renewable natural gas program in May 2024, after approval by the PSCW. MGE purchases renewable thermal credits on behalf of custome…
WISCONSIN-ENERGY-CORPORATION	WISCONSIN-ENERGY-CORPORATION	62%	g facility consisting of two units, which, as of December 31, 2024, accounted for 22% of MGE's net summer rated capacity. Power from this facility is shared in proportion to each owner's ownership in…
WPPI-ENERGY-INC	WPPI-ENERGY-INC	62%	g facility consisting of two units, which, as of December 31, 2024, accounted for 22% of MGE's net summer rated capacity. Power from this facility is shared in proportion to each owner's ownership in…

MGE Energy, Inc. Debt Obligations

Instrument	Description	Confidence	Evidence
MGEE-DEBT	Debt stack $900.8M	90%	Market cache reports total debt of $900.8M.

MGE Energy, Inc. Acquisitions

No acquisitions on recordNo completed or pending acquisitions found in our database for MGE Energy, Inc..

MGE Energy, Inc. Ownership

Holder	Name	Confidence	Evidence
MGEE-OWNER-BLACKROCK-INC	BlackRock, Inc.	90%	13F overlay lists BlackRock, Inc. as top holder; 319 tracked holders.

MGE Energy, Inc. Extended Supply Chain Network

Ticker	Name	Chain Index	Hops
ETOR	eToro Group Ltd.	100.00	2
HBNB	Hotel101 Global Holdings Corp.	100.00	2
BGC	BGC Group, Inc.	100.00	2
RYAN	Ryan Specialty Holdings, Inc.	100.00	2
AHG	Akso Health Group	100.00	2
XRX	Xerox Holdings Corporation	100.00	2
CANG	Cango Inc.	100.00	2
FENG	Phoenix New Media Limited	100.00	2
CSTE	Caesarstone Ltd.	100.00	2
CIB	Grupo Cibest S.A.	100.00	2
FCCN	Spectral Capital Corporation	100.00	2
AMBR	Amber International Holding Limited	100.00	2
BTDR	Bitdeer Technologies Group	100.00	2
CRMZ	CreditRiskMonitor.com, Inc.	100.00	2
BLNE	Beeline Holdings, Inc.	100.00	2
GEMI	Gemini Space Station, Inc.	100.00	2
ENLT	Enlight Renewable Energy Ltd	100.00	2
BRBI	BRBI BR Partners S.A.	100.00	2
BLSH	Bullish	100.00	2
ASML	ASML Holding N.V.	100.00	2

MGE Energy, Inc. Supply Chain