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<P style="line-height:18.667px; margin:0px; font-size:16px" align=center><B>United States</B></P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center><B>Washington, D.C. 20549</B></P>
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<P style="line-height:26.667px; margin:0px; font-size:24px" align=center><B>FORM 8-K</B></P>
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<P style="margin:0px" align=center><BR></P>
<P style="line-height:21.333px; margin:0px; font-size:18.667px" align=center><B>CURRENT REPORT</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B>December 29, 2006</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center><I>Date of report (date of earliest event reported)</I></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 align=center frame=border rules=all border=1><TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Commission</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>File No.</P>
</TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Name of Registrant, State of Incorporation, Address</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>of Principal Executive Offices and Telephone No.</P>
</TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>IRS Employer</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Identification No.</P>
</TD></TR>
<TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>000-1125</P>
</TD><TD valign=top><P style="line-height:24px; margin:0px; font-size:21.333px" align=center><B>Madison Gas and Electric Company</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center><I>(a Wisconsin Corporation)</I></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>133 South Blair Street</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Madison, Wisconsin 53703</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>(608) 252-7000</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>www.mge.com</P>
</TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>39-0444025</P>
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<P style="margin:0px" align=center><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">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:</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-size:16px">[ ]</P>
<P style="line-height:18.667px; margin:0px; padding-left:24px; font-size:16px">Written communications pursuant to Rule 425 under the Securities Act (17&nbsp;CFR 230.425)</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-size:16px">[ ]</P>
<P style="line-height:18.667px; margin:0px; padding-left:24px; font-size:16px">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17&nbsp;CFR 240.14a-12)</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-size:16px">[ ]</P>
<P style="line-height:18.667px; margin:0px; padding-left:24px; font-size:16px">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; text-indent:-24px; font-size:16px">[ ]</P>
<P style="line-height:18.667px; margin:0px; padding-left:24px; font-size:16px">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17&nbsp;CFR 240.13e-4(c))</P>
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<P style="line-height:20px; margin:0px; font-size:17.333px; page-break-before:always"><B>Section 1 - Registrant's Business and Operations</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><B><I>Item 1.01. Entry into a Material Definitive Agreement.</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">On December 29, 2006, Madison Gas and Electric Company (MGE) issued $30 million in principal amount of its 5.25% Medium-Term Notes due January 15, 2017. See Item 2.03 below for a description of those Notes and related agreements. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:20px; margin:0px; font-size:17.333px"><B>Section 2 - Financial Information</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><B><I>Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">On December 29, 2006, MGE issued $30 million of its 5.25% Medium-Term Notes due January 15, 2017. The Notes were issued pursuant to an Indenture dated as of September 1, 1998, between MGE and The Bank of New York Trust Company, N.A. (as successor to Bank One, N.A.), as Trustee. The Notes are unsecured. MGE will use the net proceeds from the sale of the Notes to repay existing short-term indebtedness consisting of commercial paper. The Bonds were registered under the Securities Act of 1933, as amended, pursuant to MGE's Registration Statement on Form S-3 (Registration No. 333-135401), which was declared effective by the Securities and Exchange Commission on July 28, 2006.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">The Notes carry an interest rate of 5.25% per annum, which is payable semiannually on January 15 and July&nbsp;15 of each year, commencing on July 15, 2007. The Notes are redeemable at any time at MGE's option at a redemption price equal to greater of (i)&nbsp;100% of the principal amount of the Notes to be redeemed, plus accrued interest to the redemption date, or (ii)&nbsp;the discounted present value of the remaining scheduled payments of principal and interest on the Notes to be redeemed (as provided in the Notes), plus accrued interest to the redemption date. A copy of the Notes is filed as Exhibit 4.1 to this report.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">A copy of the Underwriting Agreement dated December 22, 2006, among MGE and J.P. Morgan Securities Inc., as underwriter, is filed as Exhibit&nbsp;1.1 to this report.</P>
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<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>* * * * *</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><U>Forward-Looking Statements</U></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Except for the historical information contained herein, certain of the matters discussed in this report are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by MGE include those factors discussed herein, as well as the items discussed in MGE's 2005 Annual Report on Form 10-K&#8212;ITEM 1A. Risk Factors, and other factors discussed in filings with the SEC by MGE. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this report. MGE does not undertake any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report.</P>
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<P style="line-height:20px; margin:0px; font-size:17.333px; page-break-before:always"><B>Section 9 - Financial Statements and Exhibits</B></P>
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<P style="line-height:18.667px; margin:0px; font-size:16px"><B><I>Item 9.01. Financial Statements and Exhibits.</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><I>(d) Exhibits.</I></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">The following exhibits are filed herewith and are exhibits to the Registration Statement on Form&nbsp;S-3, Registration No. 333-135401, as noted below:</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 frame=border rules=all border=1><TR><TD valign=top><P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>8-K</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Exhibit No.</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Registration</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Statement </P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Exhibit No.</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Description</P>
</TD></TR>
<TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>1.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>1.3.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px">Underwriting Agreement dated December 22, 2006, between MGE and J.P. Morgan Securities Inc., as underwriter.</P>
</TD></TR>
<TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>4.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>4.2.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px">5.25% Medium-Term Note due January 15, 2017.</P>
</TD></TR>
</TABLE>
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<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="line-height:21.333px; margin:0px; font-size:18.667px; page-break-before:always" align=center><B>Signatures</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">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.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><B>Madison Gas and Electric Company</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">(Registrant)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px"><U>/s/ Jeffrey C. Newman</U></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Jeffrey C. Newman</P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Vice President and Treasurer</P>
<P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Date: January 4, 2007</P>
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<P style="line-height:18.667px; margin:0px; font-size:16px; page-break-before:always" align=center><B>Madison Gas and Electric Company</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:21.333px; margin:0px; font-size:18.667px" align=center><B>Exhibit Index to Form&nbsp;8-K</B></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center><B>Dated December 29, 2006</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0 frame=border rules=all border=1><TR><TD valign=top><P style="margin:0px"><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>8-K</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Exhibit No.</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Registration</P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Statement </P>
<P style="line-height:18.667px; margin:0px; font-size:16px" align=center>Exhibit No.</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:18.667px; margin:0px; font-size:16px">Description</P>
</TD></TR>
<TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>1.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>1.3.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px">Underwriting Agreement dated December 22, 2006, between MGE and J.P. Morgan Securities Inc., as underwriter.</P>
</TD></TR>
<TR><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>4.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px" align=center>4.2.1</P>
</TD><TD valign=top><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top><P style="line-height:18.667px; margin:0px; font-size:16px">5.25% Medium-Term Note due January 15, 2017.</P>
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Converted by EDGARwiz
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 29, 2006
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))
Section 1 - Registrant's Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
On December 29, 2006, Madison Gas and Electric Company (MGE) issued $30 million in principal amount of its 5.25% Medium-Term Notes due January 15, 2017. See Item 2.03 below for a description of those Notes and related agreements.
Section 2 - Financial Information
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On December 29, 2006, MGE issued $30 million of its 5.25% Medium-Term Notes due January 15, 2017. The Notes were issued pursuant to an Indenture dated as of September 1, 1998, between MGE and The Bank of New York Trust Company, N.A. (as successor to Bank One, N.A.), as Trustee. The Notes are unsecured. MGE will use the net proceeds from the sale of the Notes to repay existing short-term indebtedness consisting of commercial paper. The Bonds were registered under the Securities Act of 1933, as amended, pursuant to MGE's Registration Statement on Form S-3 (Registration No. 333-135401), which was declared effective by the Securities and Exchange Commission on July 28, 2006.
The Notes carry an interest rate of 5.25% per annum, which is payable semiannually on January 15 and July 15 of each year, commencing on July 15, 2007. The Notes are redeemable at any time at MGE's option at a redemption price equal to greater of (i) 100% of the principal amount of the Notes to be redeemed, plus accrued interest to the redemption date, or (ii) the discounted present value of the remaining scheduled payments of principal and interest on the Notes to be redeemed (as provided in the Notes), plus accrued interest to the redemption date. A copy of the Notes is filed as Exhibit 4.1 to this report.
A copy of the Underwriting Agreement dated December 22, 2006, among MGE and J.P. Morgan Securities Inc., as underwriter, is filed as Exhibit 1.1 to this report.
* * * * *
Forward-Looking Statements
Except for the historical information contained herein, certain of the matters discussed in this report are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by MGE include those factors discussed herein, as well as the items discussed in MGE's 2005 Annual Report on Form 10-K—ITEM 1A. Risk Factors, and other factors discussed in filings with the SEC by MGE. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this report. MGE does not undertake any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this report.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibits are filed herewith and are exhibits to the Registration Statement on Form S-3, Registration No. 333-135401, as noted below:
8-K
Exhibit No.
Registration
Statement
Exhibit No.
Description
1.1
1.3.1
Underwriting Agreement dated December 22, 2006, between MGE and J.P. Morgan Securities Inc., as underwriter.
4.1
4.2.1
5.25% Medium-Term Note due January 15, 2017.
Signatures
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 4, 2007
Madison Gas and Electric Company
Exhibit Index to Form 8-K
Dated December 29, 2006
8-K
Exhibit No.
Registration
Statement
Exhibit No.
Description
1.1
1.3.1
Underwriting Agreement dated December 22, 2006, between MGE and J.P. Morgan Securities Inc., as underwriter.
4.1
4.2.1
5.25% Medium-Term Note due January 15, 2017.