On October 20, 2017, the Boards of directors of both MGE Energy, Inc. and Madison Gas and Electric Company (MGE) elected Marcia M. Anderson and James G. Berbee as members of both boards of directors, effective as of March 1, 2018. Ms. Anderson will be a Class II Director whose term will expire at the annual meeting of shareholders in 2018. Mr. Berbee will be a Class I Director whose term will expire at the annual meeting of shareholders in 2020. Both Ms. Anderson and Mr. Berbee have been determined by MGE Energy's Board of Directors to be independent directors under the independence guidelines adopted by the NASDAQ Stock Market, Inc. Both will become members of the Audit Committee and the Corporate Governance Committee of the MGE Energy Board of Directors. Ms. Anderson is currently the clerk of court of the Bankruptcy Court for the Western District of Wisconsin. Ms. Anderson retired from the Army in May 2016 with a rank of Major General. In addition to her legal and military experience, she worked for General Public Utilities Corporation early in her career. Ms. Anderson currently serves on the board of directors for the Green Bay Packers. Mr. Berbee was the Chairman and CEO of Berbee Information Networks Corporation, which provided information technology support for large businesses. Mr. Berbee currently works part time as an emergency department physician. Mr. Berbee is also vice-chair of the Wisconsin Alumni Research Foundation and holds several patents.