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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><FONT FACE="Times New Roman" COLOR=#000000><B>United States</B></FONT></P>
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<P style="line-height:18pt; margin:0pt; font-size:16pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
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<P style="line-height:20pt; margin:0pt; font-size:18pt" align=center><B>FORM 8-K</B></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:18pt; margin:0pt; font-size:16pt" align=center><B>January 20, 2006</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><I>Date of report (date of earliest event reported)</I></P>
<P style="margin:0pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center frame=border rules=all border=1><TR><TD width=77.6></TD><TD width=285.85></TD><TD width=104.6></TD></TR>
<TR><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Commission</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>File No.</P>
</TD><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Name of Registrant, State of Incorporation, Address</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>of Principal Executive Offices and Telephone No.</P>
</TD><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>IRS Employer</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Identification No.</P>
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<TR><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>000-49965</P>
</TD><TD align=center valign=top><P style="line-height:18pt; margin:0pt; font-size:16pt" align=center><B>MGE Energy, Inc.</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><I>(a Wisconsin Corporation)</I></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>133 South Blair Street</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Madison, Wisconsin 53703</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>(608) 252-7000</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>www.mgeenergy.com</P>
</TD><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>39-2040501</P>
</TD></TR>
<TR><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>000-1125</P>
</TD><TD align=center valign=top><P style="line-height:18pt; margin:0pt; font-size:16pt" align=center><B>Madison Gas and Electric Company</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><I>(a Wisconsin Corporation)</I></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>133 South Blair Street</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>Madison, Wisconsin 53703</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>(608) 252-7000</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>www.mge.com</P>
</TD><TD align=center valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center>39-0444025</P>
</TD></TR>
</TABLE>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">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:0pt"><BR></P>
<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:-18pt; font-size:12pt">[ ]</P>
<P style="line-height:14pt; margin:0pt; padding-left:18pt; font-size:12pt">Written communications pursuant to Rule 425 under the Securities Act (17&nbsp;CFR 230.425)</P>
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<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:-18pt; font-size:12pt">[ ]</P>
<P style="line-height:14pt; margin:0pt; padding-left:18pt; font-size:12pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17&nbsp;CFR 240.14a-12)</P>
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<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:-18pt; font-size:12pt">[ ]</P>
<P style="line-height:14pt; margin:0pt; padding-left:18pt; font-size:12pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17&nbsp;CFR 240.14d-2(b))</P>
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<P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; padding-left:18pt; text-indent:-18pt; font-size:12pt">[ ]</P>
<P style="line-height:14pt; margin:0pt; padding-left:18pt; font-size:12pt">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:14pt; margin:0pt; font-size:12pt; page-break-before:always"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">On January 20, 2006, the Board of Directors of MGE Energy, Inc., and Madison Gas and Electric Company approved cash bonus awards for the executive officers that were earned in 2005. The bonuses reflected the achievement of various performance goals.</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">The following chart sets forth the amount of the 2005 bonuses for the &quot;named executive officers&quot; (as that term is defined in Item 402 of the Securities and Exchange Commission's Regulation&nbsp;S-K) for MGE Energy, Inc., and Madison Gas and Electric Company.</P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center frame=border rules=all border=1><TR><TD width=180></TD><TD width=60.6></TD></TR>
<TR><TD valign=top><P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt">Gary J. Wolter</P>
<P style="margin:0pt" align=right><BR></P>
</TD><TD valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt">$77,000</P>
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<TR><TD valign=top><P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt">Mark T. Maranger</P>
<P style="margin:0pt" align=right><BR></P>
</TD><TD valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt">$25,000</P>
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<TR><TD valign=top><P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt">Kristine A. Euclide</P>
<P style="margin:0pt" align=right><BR></P>
</TD><TD valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt">$32,500</P>
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<TR><TD valign=top><P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt">Scott A. Neitzel</P>
<P style="margin:0pt" align=right><BR></P>
</TD><TD valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt">$32,500</P>
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<TR><TD valign=top><P style="line-height:14pt; margin-top:0pt; margin-bottom:-14pt; font-size:12pt">Terry A. Hanson</P>
<P style="margin:0pt" align=right><BR></P>
</TD><TD valign=top><P style="line-height:14pt; margin:0pt; font-size:12pt">$30,000</P>
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<P style="line-height:16pt; margin:0pt; font-size:14pt; page-break-before:always" align=center><B>Signature</B></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt">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:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><B>MGE Energy, Inc.</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">(Registrant)</P>
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<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt"><U>/s/ Jeffrey C. Newman</U></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Jeffrey C. Newman</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Vice President and Treasurer</P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt">Date: February 21, 2006</P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt"><B>Madison Gas and Electric Company</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">(Registrant)</P>
<P style="margin:0pt"><BR></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt"><U>/s/ Jeffrey C. Newman</U></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Jeffrey C. Newman</P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Vice President and Treasurer</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt">Date: February 21, 2006</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
January 20, 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.
000-49965
MGE Energy, Inc.
(a Wisconsin Corporation)
133 South Blair Street
Madison, Wisconsin 53703
(608) 252-7000
www.mgeenergy.com
39-2040501
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 1.01. Entry into a Material Definitive Agreement.
On January 20, 2006, the Board of Directors of MGE Energy, Inc., and Madison Gas and Electric Company approved cash bonus awards for the executive officers that were earned in 2005. The bonuses reflected the achievement of various performance goals.
The following chart sets forth the amount of the 2005 bonuses for the "named executive officers" (as that term is defined in Item 402 of the Securities and Exchange Commission's Regulation S-K) for MGE Energy, Inc., and Madison Gas and Electric Company.
Gary J. Wolter
$77,000
Mark T. Maranger
$25,000
Kristine A. Euclide
$32,500
Scott A. Neitzel
$32,500
Terry A. Hanson
$30,000
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.
MGE Energy, Inc.
(Registrant)
/s/ Jeffrey C. Newman
Jeffrey C. Newman
Vice President and Treasurer
Date: February 21, 2006
Madison Gas and Electric Company
(Registrant)
/s/ Jeffrey C. Newman
Jeffrey C. Newman
Vice President and Treasurer
Date: February 21, 2006