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<P ALIGN="CENTER"><font size="3"><STRONG>United States<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</STRONG></font></P>

<P ALIGN="CENTER"><FONT SIZE="3"><STRONG>FORM 8-K</STRONG></FONT></P>

<P ALIGN="CENTER"><font size="3"><STRONG>CURRENT REPORT<br>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</STRONG></font></P>

<P ALIGN="CENTER"><FONT SIZE="3"><STRONG>December 30, 2004<br>
</STRONG><EM>Date of report (date of earliest event reported)</EM></FONT></P>

<TABLE BORDER="1" WIDTH="100%">
<TR VALIGN="TOP" bordercolor="1"><TD ALIGN="CENTER"><font size="3">Commission<br>
  File No.</font></TD>
<TD ALIGN="CENTER" bordercolor="1"><font size="3">Name of Registrant, State of Incorporation, Address<br>
  of Principal Executive Offices and Telephone No.</font></TD>
<TD ALIGN="CENTER" bordercolor="1"><font size="3">IRS Employer<br>
  Identification No.</font></TD>
</TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER"><font size="3">000-1125</font></TD>
<TD ALIGN="CENTER"><FONT SIZE="3"><STRONG>Madison Gas and Electric Company<br>
</STRONG><EM>(a Wisconsin Corporation)<br>
</EM>133 South Blair Street<br>
Madison, Wisconsin 53703<br>
(608) 252-7000<br>
www.mge.com</FONT></TD>
<TD ALIGN="CENTER"><font size="3">39-0444025</font></TD></TR></TABLE>

<P><FONT SIZE="3">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:</FONT></P>

<P><FONT SIZE="3">[ ]	Written communications pursuant to Rule 425 under the Securities Act (17&nbsp;CFR 230.425)<br>
  [ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17&nbsp;CFR 240.14a-12)<br>
  [ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))<br>
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17&nbsp;CFR 240.13e-4(c))</FONT></P>

<P><font size="3"><STRONG>Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.</STRONG></font></P>

<P><font size="3">On December 30, 2004, Madison Gas and Electric Company entered into an unsecured line of
credit note with JPMorgan Chase Bank, N.A., pursuant to which the Company may borrow from
time to time up to $10&nbsp;million. Any borrowings under the note will bear interest at the London
Interbank Offering Rate (LIBOR) plus 0.46% per annum, and any such interest shall be payable
monthly, commencing January&nbsp;29, 2005. Amounts borrowed under the note may be repaid and
reborrowed from time to time until the maturity of the note. The note will mature on March&nbsp;29,
2005.</font></P>

<P><font size="3">Payment of the note may be accelerated upon an event of default. Events of default under the
note include, among other things, any failure to pay any other debt; insolvency or bankruptcy of
the Company; dissolution, merger, or consolidation of the Company or a sale of a material part of
the assets of the Company, without the bank's consent; or a material, adverse change in the
existing or prospective financial condition of the Company.</font></P>

<P><font size="3"><STRONG>Item 9.01. Financial Statements and Exhibits.</STRONG></font></P>

<P><font size="3">(c)	Exhibits.</font></P>

<TABLE BORDER="0" WIDTH="100%">
<TR VALIGN="TOP"><TD><div align="center"><font size="3"><STRONG>Exhibit No.</STRONG></font></div></TD>
<TD><div align="left">
  <p><font size="3"><br>
      <STRONG>Description</STRONG></font></p>
  </div></TD></TR>
<TR VALIGN="TOP"><TD>
<P ALIGN="CENTER"><font size="3">10.1</font></TD>
<TD><font size="3">Line of Credit Note dated December&nbsp;29, 2004, from Madison Gas and
Electric Company to JPMorgan Chase Bank, N.A.</font></TD></TR></TABLE>

<P><CENTER>
  <FONT SIZE="3"><STRONG>Signature</STRONG></FONT>
</CENTER>
</P>

<P><font size="3">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></P>

<P><font size="3"><STRONG>Madison Gas and Electric Company<br>
</STRONG>(Registrant)</font></P>

<P><font size="3"><U>/s/ Jeffrey C. Newman<br>
</U>Jeffrey C. Newman<br>
Vice President and Treasurer</font></P>

<P><font size="3">Date: January 5, 2005</font></P>

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United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 30, 2004
Date of report (date of earliest event reported)
Commission
File No.
Name of Registrant, State of Incorporation, Address
of Principal Executive Offices and Telephone No.
IRS Employer
Identification No.
000-1125
Madison Gas and Electric Company
(a Wisconsin Corporation)
133 South Blair Street
Madison, Wisconsin 53703
(608) 252-7000
www.mge.com
39-0444025
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
On December 30, 2004, Madison Gas and Electric Company entered into an unsecured line of
credit note with JPMorgan Chase Bank, N.A., pursuant to which the Company may borrow from
time to time up to $10 million. Any borrowings under the note will bear interest at the London
Interbank Offering Rate (LIBOR) plus 0.46% per annum, and any such interest shall be payable
monthly, commencing January 29, 2005. Amounts borrowed under the note may be repaid and
reborrowed from time to time until the maturity of the note. The note will mature on March 29,
2005.
Payment of the note may be accelerated upon an event of default. Events of default under the
note include, among other things, any failure to pay any other debt; insolvency or bankruptcy of
the Company; dissolution, merger, or consolidation of the Company or a sale of a material part of
the assets of the Company, without the bank's consent; or a material, adverse change in the
existing or prospective financial condition of the Company.
Item 9.01. Financial Statements and Exhibits.
(c)	Exhibits.
Exhibit No.
Description
10.1
Line of Credit Note dated December 29, 2004, from Madison Gas and
Electric Company to JPMorgan Chase Bank, N.A.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Madison Gas and Electric Company
(Registrant)
/s/ Jeffrey C. Newman
Jeffrey C. Newman
Vice President and Treasurer
Date: January 5, 2005