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MGE ENERGY INC Director's Dealing 2004

May 17, 2004

31364_dirs_2004-05-17_da3548a6-c9e6-45d5-a5fa-12ff4d64ea2c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MGE ENERGY INC (MGEE)
CIK: 0001161728
Period of Report: 2004-05-15

Reporting Person: HASTINGS FRANK C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-05-15 Common Stock P 842.3748 $29.678 Acquired 2294.2998 Direct
2004-05-15 Common Stock P 842.3748 $29.678 Acquired 339.4251 Indirect
2004-05-15 Common Stock P 842.3748 $29.678 Acquired 342.8808 Indirect

Footnotes

F1: (1) Includes shares acquired through dividend reinvestment plan.

F2: (2) By children.