Our regulated utility subsidiary, Madison Gas and Electric (MGE), is seeking State regulatory approval for the Commercial EV Charging Allowance (CEVCA) program. The program would provide revenue-based allowances for electric vehicle (EV) charging infrastructure at commercial customer sites.
Commercial customers who install EV charging would receive a revenue-based allowance of $300 per kilowatt paid in two installments. If approved, the program is designed to benefit all MGE customers because the incremental load created through increased EV adoption will expand the base through which utility costs are spread.
Program supports the growth of EVs
Transportation is the leading contributor of greenhouse gas emissions in the United States. The program supports the growth of EVs by expanding charging opportunities. One of the identified barriers to EV adoption is insufficient charging infrastructure due to the up-front costs associated with EV charging equipment.
The electrification of transportation is one of MGE's key strategies to achieve deep decarbonization. MGE has goals to reduce carbon emissions at least 80% by 2030 and to achieve net-zero carbon electricity by 2050.
