EX-FILING FEES

Exhibit 107

Calculation of Filing Fee Tables

Form S-8
(Form Type)

Madison Gas and Electric Company
(Exact Name of Registrant as Specified in its Charter)

Not Applicable

(Translation of Registrant’s Name into English)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit(1)

Maximum Aggregate Offering Price(2)

Fee Rate

Amount of Registration Fee(3)

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Debt

Deferred Compensation Obligations

457(h)

$10,000,000

100%

$10,000,000

0.0001102

1,102.00

Fees Previously Paid

Carry Forward Securities

Carry Forward Securities

Total Offering Amounts

10,000,000

1,102.00

Total Fees Previously Paid

Total Fee Offsets

Net Fee Due

1,102.00

(1)The Deferred Compensation Obligations being registered are general unsecured obligations of Madison Gas and Electric Company, or the registrant, to provide certain employees of the registrant the opportunity to request that the registrant defer a portion of their base salary and short-term annual bonus opportunity in accordance with the terms of the Madison Gas and Electric Company 2023 Deferred Compensation Supplemental Executive Retirement Plan and various Deferred Compensation Agreements. 

(2)Estimated pursuant to Rule 457(h) under the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee. 

(3)Pursuant to Rule 416(c) under the Securities Act, this Registration Statement also covers an indeterminant amount of any interests to be offered under the Plan and the Agreements. 

1