MGE Energy held its Annual Meeting of Shareholders on May 19, 2026. Three Class I Directors were elected to terms expiring in 2029: James G. Berbee, Londa J. Dewey, and Angela S. Rieger. Shareholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026. The advisory vote on executive compensation was approved by shareholders. Voting results accounted for a provision in the company's Articles of Incorporation that limits the voting power of shareholders owning more than 10% of stock to 1/100th vote per share for the excess amount.