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
March 31, 2015 (March 31, 2015)
Date of Report (Date of earliest event reported)
BERKSHIRE HATHAWAY ENERGY COMPANY
(Exact name of registrant as specified in its charter)
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| Iowa | 001-14881 | 94-2213782 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) |
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| | | |
666 Grand Avenue, Suite 500 Des Moines, Iowa | | 50309-2580 |
| (Address of principal executive offices) | | (Zip code) |
515-242-4300
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
____________________________________________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
Berkshire Hathaway Energy Company ("BHE") will host a fixed-income investor conference on April 1, 2015 in New York, New York. The presentation to be made by BHE, titled "2015 Fixed-Income Investor Conference," is being furnished as Exhibit 99.1 to this Form 8-K. BHE is also making the presentation available free of charge, from March 31, 2015 through April 7, 2015, in the Financial Filings section of its internet website at http://www.berkshirehathawayenergyco.com. Any information available on or through BHE's website is not part of this Form 8-K and BHE's web address is included as an inactive textual reference only.
In accordance with general instruction B.2 of Form 8-K, the information in this report (including exhibits) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liabilities of that section. Furthermore, the information contained in the presentation filed herewith shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended ("Securities Act"), or the Exchange Act. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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| Exhibit No. | | Description |
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| 99.1 | | Presentation titled "2015 Fixed-Income Investor Conference." |
Forward-Looking Statements
This report contains statements that do not directly or exclusively relate to historical facts. These statements are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements can typically be identified by the use of forward-looking words, such as "will," "may," "could," "project," "believe," "anticipate," "expect," "estimate," "continue," "intend," "potential," "plan," "forecast" and similar terms. These statements are based upon BHE's and its subsidiaries' (collectively, the “Company”) current intentions, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others:
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| • | general economic, political and business conditions, as well as changes in, and compliance with, laws and regulations, including reliability and safety standards, affecting the Company's operations or related industries; |
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| • | changes in, and compliance with, environmental laws, regulations, decisions and policies that could, among other items, increase operating and capital costs, reduce facility output, accelerate facility retirements or delay facility construction or acquisition; |
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| • | the outcome of rate cases and other proceedings conducted by regulatory commissions or other governmental and legal bodies and the Company's ability to recover costs in rates in a timely manner; |
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| • | changes in economic, industry, competition or weather conditions, as well as demographic trends, new technologies and various conservation, energy efficiency and distributed generation measures and programs, that could affect customer growth and usage, electricity and natural gas supply or the Company's ability to obtain long-term contracts with customers and suppliers; |
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| • | performance and availability of the Company's facilities, including the impacts of outages and repairs, transmission constraints, weather, including wind, solar and hydroelectric conditions, and operating conditions; |
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| • | a high degree of variance between actual and forecasted load or generation that could impact the Company's hedging strategy and the cost of balancing its generation resources with its retail load obligations; |
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| • | changes in prices, availability and demand for wholesale electricity, coal, natural gas, other fuel sources and fuel transportation that could have a significant impact on generating capacity and energy costs; |
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| • | the financial condition and creditworthiness of the Company's significant customers and suppliers; |
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| • | changes in business strategy or development plans; |
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| • | availability, terms and deployment of capital, including reductions in demand for investment-grade commercial paper, debt securities and other sources of debt financing and volatility in the London Interbank Offered Rate, the base interest rate for BHE's and its subsidiaries' credit facilities; |
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| • | changes in BHE's and its subsidiaries' credit ratings; |
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| • | risks relating to nuclear generation; |
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| • | the impact of certain contracts used to mitigate or manage volume, price and interest rate risk, including increased collateral requirements, and changes in commodity prices, interest rates and other conditions that affect the fair value of certain contracts; |
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| • | the impact of inflation on costs and the Company's ability to recover such costs in regulated rates; |
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| • | increases in employee healthcare costs, including the implementation of the Affordable Care Act; |
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| • | the impact of investment performance and changes in interest rates, legislation, healthcare cost trends, mortality and morbidity on pension and other postretirement benefits expense and funding requirements; |
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| • | changes in the residential real estate brokerage and mortgage industries and regulations that could affect brokerage and mortgage transaction levels; |
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| • | unanticipated construction delays, changes in costs, receipt of required permits and authorizations, ability to fund capital projects and other factors that could affect future facilities and infrastructure additions; |
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| • | the availability and price of natural gas in applicable geographic regions and demand for natural gas supply; |
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| • | the impact of new accounting guidance or changes in current accounting estimates and assumptions on the Company's consolidated financial results; |
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| • | the Company's ability to successfully integrate BHE AltaLink, Ltd. and future acquired operations into its business; |
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| • | the effects of catastrophic and other unforeseen events, which may be caused by factors beyond the Company's control or by a breakdown or failure of the Company's operating assets, including storms, floods, fires, earthquakes, explosions, landslides, mining accidents, litigation, wars, terrorism and embargoes; and |
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| • | other business or investment considerations that may be disclosed from time to time in BHE's filings with the United States Securities and Exchange Commission or in other publicly disseminated written documents. |
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing factors should not be construed as exclusive.
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.
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| | BERKSHIRE HATHAWAY ENERGY COMPANY |
| | (Registrant) |
| Date: March 31, 2015 | |
| | /s/ Douglas L. Anderson |
| | Douglas L. Anderson |
| | Executive Vice President |
| | and General Counsel |
EXHIBIT INDEX
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| Exhibit No. | | Description |
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| 99.1 | | Presentation titled "2015 Fixed-Income Investor Conference." |
