Exhibit 25.1

EXHIBIT 25.1

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) |__|

___________________________

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

(Jurisdiction of incorporation
if not a U.S. national bank)

95-3571558
(I.R.S. employer
identification no.)

400 South Hope Street
Suite 500

Los Angeles, California

(Address of principal executive offices)

90071
(Zip code)

___________________________

Madison Gas and Electric Company
(Exact name of obligor as specified in its charter)

Wisconsin
(State or other jurisdiction of
incorporation or organization)

39-0444025
(I.R.S. employer
identification no.)

133 South Blair Street

Madison, Wisconsin
(Address of principal executive offices)

53788
(Zip code)

___________________________

Medium-Term Notes
(Title of the indenture securities)

= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =

General information. Furnish the following information as to the trustee:

(a)

Name and address of each examining or supervising authority to which it is subject.


Name	Address
Comptroller of the Currency United States Department of the Treasury	Washington, DC 20219
Federal Reserve Bank	San Francisco, CA 94105
Federal Deposit Insurance Corporation	Washington, DC 20429

(b)

Whether it is authorized to exercise corporate trust powers.

Yes.

Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act").

A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No.
333-121948).

A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No.
333-152875).

A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 4th day of May, 2020.

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

By: /s/ Valere Boyd

Name: Valere Boyd

Title: Vice President

EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business December 31, 2019, published in accordance with Federal regulatory authority instructions.

Dollar amounts

in thousands

ASSETS

Cash and balances due from

depository institutions:

Noninterest-bearing balances

and currency and coin

2,602

Interest-bearing balances

236,971

Securities:

Held-to-maturity securities

Available-for-sale securities

171,155

Equity securities with readily determinable
fair values not held for trading…………………………………………………………………….. 0

Federal funds sold and securities

purchased under agreements to resell:

Federal funds sold

Securities purchased under agreements to resell

Loans and lease financing receivables:

Loans and leases held for sale

Loans and leases,

held for investment…………………………………0

LESS: Allowance for loan and

lease losses………………………………………………0

Loans and leases held for investment,
net of allowance …………………………………………

Trading assets

Premises and fixed assets (including

capitalized leases)

23,484

Other real estate owned

Investments in unconsolidated

subsidiaries and associated

companies ………………………………………………………………………………………….. 0

Direct and indirect investments in real estate ventures ……………………………………………………… 0

Intangible assets

856,313

Other assets

103,122

Total assets

$1,393,647

LIABILITIES

Deposits:

In domestic offices

3,658

Noninterest-bearing……………………………………………………………..3,658

Interest-bearing…………………………………………………………….……0

Not applicable

Federal funds purchased and securities

sold under agreements to repurchase:

Federal funds purchased

Securities sold under agreements to repurchase

Trading liabilities

Other borrowed money:

(includes mortgage indebtedness

and obligations under capitalized

leases)

19,123

Not applicable

Subordinated notes and debentures

Other liabilities

231,041

Total liabilities

253,822

Not applicable

EQUITY CAPITAL

Perpetual preferred stock and related surplus ………………………………………………………………...0

Common stock

1,000

Surplus (exclude all surplus related to preferred stock)

323,946

Not available
Retained earnings

814,573

Accumulated other comprehensive income ………………………………………………………… 306
Other equity capital components……………………………………………………………………………...0

Not available

Total bank equity capital………………………………………………………………………….1,139,825

Noncontrolling (minority) interests in consolidated subsidiaries …………………………………………..0

Total equity capital

1,139,825

Total liabilities and equity capital

1,393,647

I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty

)

CFO

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President

)

Michael P. Scott, Managing Director

)

Directors (Trustees)

Kevin P. Caffrey, Managing Director

)