GHG Emissions, Utilities, Sourcing Renewables - November 10, 2022
Madison Gas and Electric Updates Emission Goals
Madison Gas and Electric (MGE) plans to reduce carbon at least 80% by 2030 as it works with customers toward achieving net-zero carbon electricity by 2050.
The utility company’s goal is to eliminate coal-fired generation from its portfolio by the end of 2035. By the end of 2030, MGE expects coal to be used only as a backup fuel at the Elm Road Generating Station, which plans to transition to natural gas. MGE is a minority owner of the Elm Road power plant.
Since 2015, MGE estimates it has invested $700 million in clean energy projects that are expected to increase MGE's owned renewable capacity by more than nine times when completed.
Details were provided in its annual Corporate Responsibility and Sustainability Report.
"MGE was one of the first utilities nationwide to set a goal of net-zero carbon electricity by 2050, and we continue to work toward our goal of reducing carbon at least 80% by the end of this decade," said Chairman, President and CEO Jeff Keebler in a statement. "We're working aggressively toward these goals while ensuring that we continue to provide safe and reliable service and that all of our customers enjoy the economic and environmental benefits of our clean energy transition. That is part of our fundamental commitment to serve our customers as your community energy company."