MGE ENERGY INC 8-K

What Happened MGE Energy Inc. (through subsidiary Madison Gas and Electric Company) filed an 8-K (Item 1.02) reporting that on January 27, 2026 it satisfied and discharged its Indenture of Mortgage and Deed of Trust (dated January 1, 1946) with U.S. Bank Trust Company, N.A., as successor trustee. On that date MGE completed a redemption of all remaining $1.2 million of its 7.70% First Mortgage Bonds due 2028 — the last outstanding series under the Indenture — and delivered a satisfaction and discharge to the Trustee. MGE is recording the discharge in relevant jurisdictions to remove the lien on its utility plant assets and will not issue additional first mortgage bonds under the Indenture.

Key Details

• Redemption completed: January 27, 2026.
• Amount redeemed: $1.2 million of 7.70% First Mortgage Bonds due 2028.
• Trustee: U.S. Bank Trust Company, National Association (successor trustee).
• Result: Indenture effectively discharged and no remaining first mortgage bonds under the Indenture; MGE will not issue new first mortgage bonds under it.

Why It Matters This action clears the historical lien created by the long‑standing Indenture on MGE’s utility plant assets, removing the encumbrance associated with the last outstanding first mortgage bonds. For investors, the filing documents a completed debt redemption and formal discharge of the mortgage indenture, which affects the company’s capital structure and secured-debt profile (no remaining first mortgage bonds under this Indenture). The disclosure is procedural and specific to the Indenture and the small remaining bond series; it does not report earnings, management changes, or other operational developments.