MGE Energy, Inc. (MGEE): Análisis PESTLE [Actualizado en Ene-2025]

En el panorama dinámico de la transformación energética, MGE Energy, Inc. emerge como un jugador fundamental que navega por las corrientes políticas, económicas y ambientales complejas. Este análisis integral de mano de lápida presenta los desafíos y oportunidades multifacéticas que enfrenta esta utilidad con sede en Wisconsin, revelando cómo las adaptaciones estratégicas en energía renovable, innovación tecnológica y cumplimiento regulatorio están reestructurando su modelo de negocio. Desde incentivos de energía verde a nivel estatal hasta tecnologías de red de vanguardia, MGE Energy se encuentra en la intersección del desarrollo sostenible y la resiliencia corporativa, ofreciendo una narración convincente de la gestión moderna de servicios públicos en una era de cambio ambiental y tecnológico sin precedentes.

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores políticos

Las políticas de energía renovable de Wisconsin que respaldan la transición de energía limpia de MGE Energy

Los mandatos del plan de energía limpia de Wisconsin Generación de energía renovable del 30% para 2030. La energía MGE está directamente alineada con esta directiva a nivel estatal.

Aspecto político	Requisito específico	Cumplimiento energético de MGE
Estándar de cartera renovable	30% para 2030	Actualmente con una generación renovable del 25%
Objetivo de reducción de carbono	Reducción del 40% para 2030	En camino con $ 510 millones de inversión de energía limpia

Regulaciones estatales que fomentan las inversiones de infraestructura de servicios públicos

Comisión de servicio público de Wisconsin aprobado $ 325 millones en inversiones de modernización de la red para MGE Energy en 2023.

• Actualizaciones de resiliencia de la cuadrícula
• Implementación del medidor inteligente
• Mejoras de eficiencia de la línea de transmisión

Incentivos del gobierno local para el desarrollo de energía verde

Tipo de incentivo	Valor	Impacto en la energía MGE
Exención de impuestos sobre la propiedad	100% para instalaciones solares	Reduce los costos del proyecto renovable
Subvenciones locales	Hasta $ 500,000 anuales	Admite el desarrollo de infraestructura verde

Posibles créditos fiscales federales para proyectos de energía renovable

La Ley de reducción de inflación proporciona 30% de crédito fiscal de inversión (ITC) para proyectos solares y eólicos.

• Crédito fiscal del proyecto solar: 30% hasta 2032
• Crédito fiscal del proyecto eólico: $ 0.03 por kilovatio-hora
• Crédito de almacenamiento de la batería: beneficio fiscal adicional del 10%

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores económicos

Demanda de electricidad estable en el área metropolitana de Madison

MGE Energy atiende a aproximadamente 155,000 clientes eléctricos en el condado de Dane, Wisconsin. La demanda de electricidad en el área metropolitana de Madison demuestra patrones de consumo consistentes.

Año	Ventas eléctricas totales (MWH)	Consumo residencial	Consumo comercial
2022	4,126,000	1,453,000 MWh	2,173,000 MWh
2023	4,189,000	1,478,000 MWh	2,211,000 MWh

Precios de energía moderados influenciados por condiciones regionales del mercado

Las tasas de electricidad promedio de MGE Energy reflejan la dinámica del mercado regional:

Segmento de clientes	2023 tasa promedio (centavos/kWh)	Tasa promedio de 2022 (centavos/kWh)
Residencial	14.23	13.87
Comercial	11.56	11.22

Inversión continua en infraestructura sostenible

Gasto de capital de MGE Energy por infraestructura sostenible:

Categoría de inversión	2023 inversión ($)	Porcentaje de CAPEX total
Proyectos de energía renovable	87,500,000	42%
Modernización de la cuadrícula	62,300,000	30%

Impactos económicos potenciales de la inflación y las fluctuaciones de la tasa de interés

Métricas financieras que reflejan las presiones económicas:

Indicador económico	Valor 2023	Valor 2022
Gastos operativos	$341,600,000	$326,700,000
Gasto de interés	$42,300,000	$38,900,000
Lngresos netos	$146,500,000	$139,200,000

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores sociales

Creciente preferencia del consumidor por soluciones de energía sostenible

Según la Administración de Información de Energía de EE. UU., El consumo de energía renovable en Wisconsin alcanzó el 8.6% del consumo total de energía estatal en 2022. MGE Energy ha respondido a esta tendencia con inversiones específicas:

Inversión de energía renovable	Cantidad	Año
Capacidad de generación solar	44 MW	2023
Adquisición de energía eólica	35% de la generación total	2023

Aumento de la conciencia de la comunidad sobre los impactos del cambio climático

Los datos del Centro de Investigación Pew indican que el 67% de los residentes de Wisconsin consideran que el cambio climático es una preocupación significativa. Las métricas de participación comunitaria de MGE Energy reflejan esta tendencia:

Métrica de compromiso de la comunidad	Valor	Año
Programas de educación climática comunitaria	12 programas	2023
Participantes del taller de sostenibilidad	1.450 individuos	2023

Cambios demográficos en Wisconsin que apoyan las iniciativas de energía verde

Datos demográficos de Wisconsin relevantes para la adopción de energía verde:

• Edad media: 39.5 años
• Población urbana: 71.4%
• Graduados universitarios: 29.3%

Creciente expectativas de responsabilidad ambiental corporativa

Métricas de responsabilidad ambiental de MGE Energy:

Indicador de responsabilidad ambiental	Estado actual	Año objetivo
Objetivo de reducción de emisiones de carbono	50% de reducción	2030
Cartera de energía renovable	55% de la generación total	2025

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores tecnológicos

Implementación avanzada de tecnología de la red inteligente

MGE Energy invirtió $ 42.3 millones en infraestructura de red inteligente en 2023. La compañía desplegó 187,000 unidades de infraestructura de medición avanzada (AMI) en su territorio de servicio.

Inversión tecnológica	Monto ($)	Año de implementación
Infraestructura de cuadrícula inteligente	42,300,000	2023
Unidades de medición avanzadas	187,000	2023

Inversión en infraestructura de generación de energía renovable

MGE Energy comprometió $ 124.5 millones a proyectos de energía renovable en 2023. La capacidad de generación solar aumentó a 93 MW, con la generación eólica alcanzando 124 MW.

Tipo de energía renovable	Capacidad (MW)	Inversión ($)
Generación solar	93	58,200,000
Generación de viento	124	66,300,000

Transformación digital de sistemas de gestión de energía

MGE Energy asignó $ 18.7 millones a actualizaciones del sistema de gestión de energía digital. Implementó tecnologías de mantenimiento predictivo impulsadas por la IA en el 92% de la infraestructura crítica.

Tecnologías emergentes de almacenamiento de baterías y optimización de cuadrícula

La inversión de almacenamiento de baterías alcanzó $ 37.6 millones en 2023. Capacidad total de almacenamiento de batería a escala de cuadrícula se expandió a 45 MWh.

Tecnología	Inversión ($)	Capacidad
Almacenamiento de batería a escala de cuadrícula	37,600,000	45 MWh

Métricas clave de rendimiento tecnológico:

• Inversión en tecnología total: $ 223.1 millones en 2023
• Capacidad de energía renovable: 217 MW
• Cobertura de la red inteligente: 187,000 unidades AMI

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores legales

Cumplimiento de las regulaciones de la Comisión de Servicios Públicos de Wisconsin

MGE Energy está sujeto a una supervisión regulatoria integral de la Comisión de Servicio Público (PSC) de Wisconsin. A partir de 2024, la Compañía debe adherirse a requisitos reglamentarios específicos:

Aspecto regulatorio	Detalles de cumplimiento	Costo anual de cumplimiento
Procedimientos de casos de tasas	Expediente archivado 6630-UR-128	$ 1.2 millones
Inversión en infraestructura	Mandatos de modernización de la cuadrícula	$ 45.7 millones
Protección al consumidor	Requisitos de transparencia de facturación	$350,000

Adherencia a los estándares federales de protección del medio ambiente

Métricas clave de cumplimiento ambiental federal:

• Costo de cumplimiento de la Ley de Aire Limpio: $ 8.3 millones anuales
• Gasto de monitoreo de emisiones de la EPA: $ 2.1 millones
• Inversiones de reducción de gases de efecto invernadero: $ 17.5 millones

Requisitos reglamentarios continuos para la infraestructura de servicios públicos

Categoría de infraestructura	Reglamentario	Inversión de cumplimiento
Líneas de transmisión	FERC Orden 1000 Cumplimiento	$ 22.6 millones
Actualizaciones de subestación	Protección de infraestructura crítica de NERC	$ 6.4 millones
Ciberseguridad	Implementación del marco NIST	$ 3.9 millones

Desafíos legales potenciales relacionados con las transiciones de energía renovable

Energía renovable Landscape legal:

• Pendiendo litigio de integración de energía renovable: 2 casos activos
• Costo de cumplimiento estándar de cartera renovable: $ 12.7 millones
• Gastos legales de interconexión solar y eólica: $ 1.5 millones

MGE Energy, Inc. (MGEE) - Análisis de mortero: factores ambientales

Compromiso para reducir las emisiones de carbono

MGE Energy se ha comprometido a reducir las emisiones de carbono en un 80% desde los niveles de referencia de 2005 para 2050. A partir de 2022, la compañía ya había reducido las emisiones de carbono en un 45%.

Año	Reducción de emisiones de carbono
2005	Nivel de línea de base
2022	45% de reducción
Objetivo 2050	Reducción del 80%

Ampliando cartera de energía solar y eólica

MGE Energy ha invertido $ 157 millones en proyectos de energía renovable en 2022. La compañía actualmente opera:

• 168 MW de capacidad de generación eólica
• 32 MW de capacidad de generación solar

Tipo de energía renovable	Capacidad (MW)	Inversión en 2022
Viento	168	$ 112 millones
Solar	32	$ 45 millones

Inversión en infraestructura energética sostenible

MGE Energy asignó $ 285 millones para inversiones de infraestructura energética sostenible en 2022-2024. La compañía planea aumentar la cartera de energía renovable a 500 MW para 2030.

Período de inversión	Inversión total	Objetivo de energía renovable
2022-2024	$ 285 millones	500 MW para 2030

Estrategias de adaptación al cambio climático para operaciones de servicios públicos

MGE Energy ha implementado estrategias de resiliencia climática con una inversión anual de $ 45 millones en modernización de la red y endurecimiento por infraestructura.

Estrategia de adaptación	Inversión anual
Modernización de la cuadrícula	$ 30 millones
Endurecimiento por infraestructura	$ 15 millones

MGE Energy, Inc. (MGEE) - PESTLE Analysis: Social factors

Sociological

The social factors surrounding MGE Energy are overwhelmingly positive, driven by the company's location in a high-growth, economically resilient service area and its established commitment to social responsibility. This stability translates directly into predictable customer growth and a favorable operating environment, which is defintely a key component of their long-term value proposition.

You're looking at a utility whose primary service territory, Madison/Dane County, is a demographic outlier in Wisconsin. While state-wide population growth is slowing, Dane County continues to lead, with a projected population estimate of 611,149 in 2025. This strong local economy-anchored by the state government, the University of Wisconsin-Madison, and a robust biotech sector-provides a resilient customer base.

Here's the quick math on customer growth, which underpins their stable earnings:

Metric	Compound Annual Growth Rate (CAGR) 2020-2024
Electric Customer Growth	1.1%
Gas Customer Growth	1.3%

This consistent, albeit modest, growth in customer count reduces regulatory risk by demonstrating a healthy, expanding service area. A growing customer base smooths out rate base recovery.

Strong Commitment to Community Engagement and Equity/Inclusion in Service

MGE Energy has formally integrated 'Equity' and 'Engagement' into its core values, which is more than just corporate boilerplate; it's a strategic move to secure community buy-in for their massive clean energy transition. The company has a Diversity, Equity, and Inclusion (DEI) Steering Team, formed in 2022, that works across the company.

This focus is critical because utility projects often face local opposition. By actively engaging stakeholders, including community-based organizations serving low-income residents, MGE Energy is proactively mitigating social risk around new infrastructure development. They are trying to ensure all customers benefit from new technologies, which is a smart way to manage the social cost of decarbonization.

• Value diverse perspectives in service and workplace.
• Design programs with input from low-income community stakeholders.
• Aim to serve customers without barriers based on income or ethnicity.

Launched a New Commercial Shared Solar Program for Business Customers

The company's commitment to clean energy aligns perfectly with the social desire for sustainability, and their community solar programs are a tangible manifestation of this. In November 2025, the 'Shared Solar - Strix' program opened for enrollment, which includes residential and small business electric customers. This program allows customers to subscribe to shares of locally generated solar power without installing panels on their own property.

The Strix Solar array in Fitchburg, Wisconsin, which serves the program, is a 6-megawatt (MW) facility. The related Shared Solar II program, which includes small business, is set to account for two MW of the system's output for its first six years. MGE is also proposing a dedicated 'Commercial Shared Solar' program for larger business customers, which would offer a fixed rate for a five-year period. This is a clear response to the social demand from the business community for accessible, local renewable energy options.

MGE Energy Marked 50 Consecutive Years of Dividend Increases in August 2025

For investors, the social factor of reliability extends to the shareholder base, and MGE Energy's dividend record is a powerful signal of financial stability. In August 2025, the board increased the regular quarterly dividend rate by 5.6% to $0.4750 per share.

This action officially marked the 50th consecutive year of dividend increases. This milestone, which places MGE Energy in the elite group of Dividend Kings, reinforces the company's image as a disciplined, long-term steward of capital. The annualized dividend rate was raised from $1.80 to $1.90 per share.

MGE Energy, Inc. (MGEE) - PESTLE Analysis: Technological factors

You're looking at MGE Energy, Inc. (MGEE) and seeing a utility that is defintely not sitting still, especially in the technology space. The company's strategy is a clear, aggressive pivot toward next-generation grid technology and energy storage, which is critical for managing the intermittency of renewables. This isn't just about adding solar panels; it's about fundamentally rewiring the system to handle two-way power flow and long-duration storage.

The near-term technological risks are manageable, but the opportunity lies in their early-mover advantage in long-duration energy storage (LDES) and smart grid investments. Here's the quick math: their non-utility venture capital (VC) gains alone show a healthy return on their forward-looking tech bets.

Deployed 11 MW of battery capacity via the Paris BESS in June 2025

MGE Energy's commitment to energy storage technology is now a tangible asset on the balance sheet. The Paris Battery Energy Storage System (BESS) came online in June 2025, marking a significant step in grid reliability and dispatchability (the ability to turn power on or off quickly). MGE Energy owns 11 MW of battery capacity from this facility, which is part of the larger 110 MW battery storage system at the Paris Solar-Battery Park in Kenosha County. This deployment helps smooth out the power flow from the 200 MW solar array, of which MGE Energy owns 20 MW of solar capacity, effectively turning intermittent solar into a more reliable resource.

This is a big deal because it allows them to store energy during low-demand, high-production periods and release it during peak demand, which is a core function of a modern utility. Plus, they received approval in May 2025 for another project, the Sunnyside Solar Energy Center, which will include a 40 MW battery storage system, further accelerating their storage portfolio growth.

Investment gains of $2.2 million in Q3 2025 from venture capital in smart grid technology

The non-utility segment of MGE Energy, Inc. is acting as a strategic venture investor, which is a smart hedge against purely regulated utility returns. In the third quarter of 2025, the company reported investment gains of approximately $2.2 million from its venture capital funds. These funds are not just passive holdings; they are specifically targeted at early-stage companies advancing critical utility technologies, like smart grid solutions, distributed energy resources (DER), and cybersecurity.

This approach gives MGE Energy, Inc. a front-row seat to innovation, allowing them to test and integrate promising technologies before their competitors. The investments focus on:

• Advancing smart technologies for grid management.
• Improving the customer experience through digital tools.
• Enabling the integration of distributed energy resources.
• Supporting transportation and building electrification.

State regulators approved the innovative 18 MW Columbia Energy Storage Project

The June 2025 regulatory approval for the Columbia Energy Storage Project is a technological game-changer. This 18 MW project is the first long-duration energy storage (LDES) system of its kind in the United States, utilizing a revolutionary closed-loop process designed by Energy Dome.

Instead of traditional lithium-ion batteries, this system stores energy by converting carbon dioxide ($\text{CO}_2$) gas into a compressed liquid. When power is needed, the liquid $\text{CO}_2$ converts back to a gas to power a turbine. MGE Energy, Inc. will own 3 MW of the total storage capacity, and the project is expected to provide up to 10 hours of energy storage, which is crucial for grid stability as the company retires older coal-fired generation.

This technology is a clear differentiator, addressing the biggest technical challenge of renewables: storing energy for extended periods. The table below summarizes the key energy storage projects driving MGE Energy's technological transformation in 2025:

Project	Technology Focus	MGEE Capacity (MW)	Status in 2025
Paris BESS	Lithium-Ion Battery Storage	11 MW	Operational (June 2025)
Columbia Energy Storage Project	Long-Duration Energy Storage ($\text{CO}_2$)	3 MW (of 18 MW total)	Regulatory Approval (June 2025)
Sunnyside Solar Energy Center	Lithium-Ion Battery Storage	40 MW	Regulatory Approval (May 2025)

Grid modernization efforts focus on enabling electrification and distributed energy resources

The core of MGE Energy's capital expenditure is focused on building a smarter, two-way grid. This grid modernization is not a buzzword; it's a necessity to meet their carbon reduction goals and integrate the influx of customer-owned generation (distributed energy resources or DER). The company has a forecasted capital investment of nearly $850 million in generation from 2025 through 2029, much of which is dedicated to this smart infrastructure.

The technological efforts are centered on enabling two major trends:

• Electrification: Supporting the growth of electric vehicles (EVs) and electric heating by ensuring the distribution system can handle the increased load and two-way power flow from vehicle-to-grid (V2G) technology.
• DER Integration: Upgrading the distribution system with enhanced monitoring and control technology to manage and optimize power from sources like rooftop solar and small-scale battery storage, which are connected directly to the local grid.

By developing the infrastructure to move from a traditional one-way power flow to a two-way system, MGE Energy is future-proofing its network and ensuring it can reliably meet its goal of supplying 25% of retail energy sales with renewable resources by the end of 2025.

MGE Energy, Inc. (MGEE) - PESTLE Analysis: Legal factors

The legal and regulatory landscape for MGE Energy, Inc. (MGEE) is defined by the Public Service Commission of Wisconsin (PSCW) and a commitment to environmental compliance that goes well beyond the letter of the law. This highly regulated environment means that all major capital investments and future revenue streams are subject to explicit regulatory approval, which introduces both risk and certainty for investors.

Regulatory approval secured for the 20 MW Sunnyside Solar Energy Center in May 2025

A critical legal milestone was reached on May 6, 2025, when the Public Service Commission of Wisconsin (PSCW) approved the construction of the Sunnyside Solar Energy Center. This approval is key because it legally sanctions a significant investment in MGE's clean energy transition. The project is a 20-megawatt (MW) solar array coupled with a 40-MW four-hour battery storage system, which is MGE's first local solar-plus-storage initiative.

This regulatory nod allows MGE to move forward with a project that will serve approximately 6,000 households annually, demonstrating the legal framework's support for the utility's decarbonization goals. The solar array is expected to be operational by the end of 2026, with the battery storage system following in 2027. Securing this pre-approval is defintely a necessary step for any major utility capital expenditure.

The company must adhere to the PSCW decision on the 2026/2027 rate case for future revenue

The most immediate legal and financial determinant for MGE is the outcome of the 2026/2027 rate case, which the company filed in April 2025. This process dictates the authorized rates MGE can charge and the allowed Return on Equity (ROE), directly impacting future revenue and profitability. The good news is a unanimous settlement agreement was reached with all parties, including the Citizens Utility Board (CUB), on September 10, 2025, which significantly de-risks the final decision.

The PSCW is expected to issue its final decision by the end of 2025, with the new rates taking effect on January 1, 2026. This decision is the final word on MGE's pricing structure for the next two years. Here's the quick math on the proposed rate changes under the settlement agreement:

Rate Component	Proposed 2026 Rate Increase	Proposed 2027 Rate Increase	Average Annual Impact (2018-2027)
Overall Electric Rates	0.04%	3.8%	About 1.9%
Overall Natural Gas Rates	2.77%	About 2%	About 1.7%

The settlement supports a minimal electric rate increase of just 0.04% in 2026, followed by a larger adjustment in 2027. This staggered approach helps manage customer bill impacts while still allowing MGE to recover costs from its substantial investment in solar and grid modernization projects.

Proactive Environmental Management System (EMS) ensures compliance beyond legal minimums

MGE's Environmental Management System (EMS) is a key legal risk mitigation tool, moving compliance from a reactive necessity to a proactive, continuous improvement process. The company's policy is to comply with all environmental laws and regulations, but also to actively exceed compliance.

This commitment is validated by external third-party recognition, which helps maintain a constructive relationship with regulators. MGE earned the Green Master designation for the 12th consecutive year in 2025 from the Wisconsin Sustainable Business Council (WSBC), which benchmarks the company against best practices in environmental, social, and governance (ESG) pillars.

The EMS itself has been expanded to cover all company operations, not just individual facilities, and its effectiveness was confirmed by a system-wide audit conducted by a third-party Green Tier-approved auditor in 2024.

• The EMS is certified through the Wisconsin Department of Natural Resources (DNR) Green Tier program.
• It uses an Environmental Management Information System (EMIS) to track compliance and manage environmental risk more efficiently.
• This proactive stance helps reduce the likelihood of costly legal fines or operational delays.

Finance: Monitor the PSCW decision on the rate case and update the 2026/2027 revenue forecast immediately upon the final order.

MGE Energy, Inc. (MGEE) - PESTLE Analysis: Environmental factors

You need to understand MGE Energy, Inc.'s environmental strategy because it's a core driver of their capital expenditures and future rate base growth. Their transition is defintely a long-term play, anchored by ambitious, science-based targets for both carbon and methane emissions, which directly map to investment opportunities through 2035 and beyond.

Goal of net-zero carbon electricity by 2050, targeting an 80% reduction by 2030

MGE Energy has set a goal to achieve net-zero carbon electricity by 2050, which is aligned with the Intergovernmental Panel on Climate Change (IPCC) assessment for limiting global warming to 1.5°C. The near-term target is to deliver electricity with at least 80% fewer carbon emissions by 2030, compared to the 2005 baseline. Here's the quick math: as of year-end 2023, the company had already reduced its carbon emissions by about 40% from the 2005 levels, putting them halfway to their 2030 goal.

What this estimate hides is the significant capital required. The company is estimating more than $1 billion in investment in clean energy and battery storage between 2015 and 2028 to enable this transition.

Expects to eliminate about 75% of coal use by the end of 2025

The company's coal phase-out plan is moving fast, which is a major environmental de-risking factor. By the end of 2025, MGE Energy expects to eliminate about 75% of its current coal use. This reduction is primarily driven by the retirement of the Columbia Energy Center units and the planned transition of the Elm Road Generating Station.

The total elimination of coal-fired generation from MGE Energy's ownership portfolio is now expected by the end of 2032. This shift to cleaner energy sources, like natural gas and renewables, is crucial for maintaining grid reliability while meeting the carbon reduction targets.

Expects to achieve the goal of 25% renewable energy capacity by the end of 2025

MGE Energy is on track to hit a key milestone in its energy mix. The goal is to supply 25% of retail energy sales with renewable resources by the end of 2025. This is a significant jump from the approximately 20% of the overall generation mix that renewable energy accounted for in 2023.

The company's investment in utility-scale solar and battery storage is driving this capacity growth, with several projects coming online in the 2025 fiscal year. This is how they're getting there:

• Darien Solar Energy Center: 25 MW of solar capacity came online in early 2025.
• Paris Solar-Battery Park: 11 MW of battery storage capacity, associated with MGE Energy's 20 MW solar share, is expected online in 2025.
• Strix Solar: The 6-MW solar facility, a local distributed energy resource, began serving customers in early 2025.

Committed to achieving net-zero methane emissions from the gas distribution system by 2035

Beyond electricity generation, MGE Energy is tackling fugitive emissions (methane) from its natural gas distribution business, a potent greenhouse gas. Their target is net-zero methane emissions from the distribution system by 2035.

Strategies to meet this goal include enhanced leak detection and repair, implementing new cost-effective technologies, and exploring the use of renewable natural gas (RNG). The company introduced a new RNG option for customers in 2024 to help offset their natural gas emissions, a smart move to engage customers in the decarbonization effort.

Environmental Target	Goal	Baseline/Current Status (as of 2023/2025)	Target Date
Carbon Emission Reduction (from 2005 levels)	At least 80% reduction	Reduced by about 40% (as of year-end 2023)	2030
Net-Zero Carbon Electricity	Net-Zero Emissions	N/A	2050
Coal Use Elimination	Eliminate 75% of current use	N/A	End of 2025
Renewable Energy Capacity in Generation Mix	25% of retail energy sales	About 20% (in 2023)	End of 2025
Net-Zero Methane Emissions	Net-Zero from gas distribution system	N/A	2035