“We believe it is important to articulate a long-term goal that is
both visionary and based on the best climate science available,” CEO
says.
MADISON, Wis.–(BUSINESS WIRE)–Madison Gas and Electric (MGE) today set a new goal of net-zero carbon
electricity for its customers by 2050, said Jeff Keebler, MGE Chairman,
President and CEO.
“In creating an energy future for our customers and shareholders, we
need ambitious and crucial reductions in carbon emissions that align
with the work of the scientific community, specifically the
Intergovernmental Panel on Climate Change (IPCC) and its assessment of
limiting global temperature increases to 1.5 degrees Celsius by 2050,”
Keebler said.
MGE already has been on a path to reduce carbon, having reduced carbon
dioxide emissions 23% since 2005 and targeting carbon reductions of at
least 80% by 2050 from 2005 levels.
“Since introducing our carbon reduction targets, we have always said
that if we can go further faster by working with our customers, we will.
We believe it is important to articulate a long-term goal that is both
visionary and based on the best climate science available. Our net-zero
carbon goal is aggressive, and it will require technologies not yet
commercially available or cost-effective, but it is where we need to
be,” Keebler said.
MGE’s mission continues to be safe, reliable, affordable and sustainable
electricity for all customers. Through the application of science and
investment in the technologies of today and tomorrow, the company will
continue to fulfill its mission.
Climate science partnership
MGE also announced it will be working with scientists at the University
of Wisconsin-Madison, the Nelson Institute for Environmental Studies and
the Department of Atmospheric and Oceanic Sciences to help evaluate the
company’s net-zero carbon goal in the context of the analyses done by
the IPCC. The university will provide expert input and perspective to
ensure MGE’s goal is consistent with the IPCC assessment.
In 2015, the company announced its Energy 2030 framework, which was
informed by community input and laid out its foundational objectives for
building your community energy company for the future:
- Provide customers with options they want today and in the future,
-
Help customers use energy efficiently and control future costs for all
customers, - Transition MGE to a more environmentally sustainable energy supply,
-
Provide a dynamic electric grid that can integrate all energy
technologies to serve customers, and - Ensure that new and changing technology serves all customers equitably.
“These remain our objectives as we continue to build customer and
shareholder value on our path to deep decarbonization,” Keebler said.
“As your community energy company, MGE has a history of engaging our
customers and communities. We actively continue work to deepen that
engagement to achieve our goals. Our net-zero carbon goal is a
reflection of our commitment not only to long-term sustainability,
rooted in the latest climate science, but also a reflection of our
commitment to our customers and communities.”
Key strategies for deep decarbonization include reducing the carbon
intensity in electricity generation through adding significant new
renewable energy resources and reducing the use of fossil fuels;
continued work to help customers with energy efficiency; and
electrification, including transportation.
“We are excited about our path, our progress and our ultimate vision. To
us, this is what it means to lead and to serve,” said Keebler.
About MGE
MGE generates and distributes electricity to 153,000 customers in Dane
County, Wis., and purchases and distributes natural gas to 161,000
customers in seven south-central and western Wisconsin counties. MGE’s
parent company is MGE Energy, Inc. The company’s roots in the Madison
area date back more than 150 years.
Contacts
Steven Schultz
Corporate Communications Manager
608-252-7219 | [email protected]
