EXHIBIT 23.2 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of our report dated February 11, 1994, on our audit of the financial statements of Madison Gas and Electric Company included in the Company's Current Report on Form 8-K dated February 11, 1994. We also consent to the reference to our Firm under the caption "Experts." /s/ Coopers & Lybrand Milwaukee, Wisconsin February 25, 1994