EXECUTION VERSION 1,300,000 Shares MGE ENERGY, INC. COMMON STOCK ($1.00 PAR VALUE PER SHARE) UNDERWRITING AGREEMENTUnderwriting Agreement • May 15th, 2020 • Mge Energy Inc • Electric, gas & sanitary services • New York
Contract Type FiledMay 15th, 2020 Company Industry JurisdictionThe undersigned understands that Morgan Stanley & Co. LLC (“Morgan Stanley”) and BofA Securities, Inc. (“BofA Securities”) propose to enter into an Underwriting Agreement (the “Underwriting Agreement”) with MGE Energy, Inc., a Wisconsin corporation (the “Company”), providing for the public offering (the “Public Offering”) by the several Underwriters, including Morgan Stanley and BofA Securities (the “Underwriters”), of shares (the “Shares”) of the common stock, $1.00 par value per share, of the Company (the “Common Stock”).