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 29, 2011 (March 29, 2011)
Date of Report (Date of earliest event reported)
| Commission | Exact name of registrant as specified in its charter; | IRS Employer | ||
| File Number | State or other jurisdiction of incorporation or organization | Identification No. | ||
| 333-90553 | MIDAMERICAN FUNDING, LLC | 47-0819200 | ||
| (An Iowa Limited Liability Company) | ||||
| 666 Grand Avenue, Suite 500 | ||||
| Des Moines, Iowa 50309-2580 | ||||
| 333-15387 | MIDAMERICAN ENERGY COMPANY | 42-1425214 | ||
| (An Iowa Corporation) | ||||
| 666 Grand Avenue, Suite 500 | ||||
| Des Moines, Iowa 50309-2580 | ||||
| (515) 242-4300 | ||||
| (Registrant's telephone number, including area code) | ||||
| N/A | ||||
| (Former name, former address and former fiscal year, if changed since last report) | ||||
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:
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
MidAmerican Energy Holdings Company ("MidAmerican"), the parent of MidAmerican Funding, LLC ("MidAmerican Funding") and its indirect subsidiary MidAmerican Energy Company ("MidAmerican Energy"), will host a fixed-income investor conference on March 30, 2011 in New York, New York. The presentation to be made by MidAmerican, which in part includes information about MidAmerican Funding and MidAmerican Energy, is being furnished as Exhibit 99.1 to this Form 8-K. MidAmerican is also making the presentation available free of charge, from March 29, 2011 through April 5, 2011, in the Financial Filings section of its internet website at http://www.midamerican.com. Any information available on or through its website is not part of this Form 8-K and its 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, 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
| Exhibit No. | Description | |
| 99.1 | Presentation titled "2011 Fixed-Income Investor Conference." |
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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 of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. 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 MidAmerican Funding's and MidAmerican Energy's 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 MidAmerican Funding or MidAmerican Energy and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others:
| • | general economic, political and business conditions, as well as changes in laws and regulations affecting MidAmerican Energy's operations or related industries; |
| • | changes in, and compliance with, environmental laws, regulations, decisions and policies that could, among other items, increase operating and capital costs, reduce generating facility output, accelerate generating facility retirements or delay generating facility construction or acquisition; |
| • | the outcome of general rate cases and other proceedings conducted by regulatory commissions or other governmental and legal bodies; |
| • | changes in economic, industry or weather conditions, as well as demographic trends, that could affect customer growth and usage, electricity and natural gas supply or MidAmerican Energy's ability to obtain long-term contracts with customers and suppliers; |
| • | a high degree of variance between actual and forecasted load that could impact MidAmerican Energy's hedging strategy and the cost of balancing its generation resources and wholesale activities with its retail load obligations; |
| • | performance and availability of MidAmerican Energy's generating facilities, including the impacts of outages or repairs, transmission constraints, weather and operating conditions; |
| • | changes in prices, availability and demand for both purchases and sales of wholesale electricity, coal, natural gas, other fuel sources and fuel transportation that could have a significant impact on generating capacity and energy costs; |
| • | the financial condition and creditworthiness of MidAmerican Energy's significant customers and suppliers; |
| • | changes in business strategy or development plans; |
| • | 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 MidAmerican Energy's credit facilities; |
| • | changes in MidAmerican Energy's credit ratings; |
| • | risks relating to nuclear generation; |
| • | the impact of derivative 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 derivative contracts; |
| • | the impact of inflation on costs and our ability to recover such costs in regulated rates; |
| • | increases in employee healthcare costs; |
| • | 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; |
| • | unanticipated construction delays, changes in costs, receipt of required permits and authorizations, ability to fund capital projects and other factors that could affect future generating facilities and infrastructure additions; |
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| • | the impact of new accounting guidance or changes in current accounting estimates and assumptions on MidAmerican Energy's or MidAmerican Funding's consolidated financial results; |
| • | other risks or unforeseen events, including the effects of storms, floods, litigation, wars, terrorism, embargoes and other catastrophic events; and |
| • | other business or investment considerations that may be disclosed from time to time in MidAmerican Funding's or MidAmerican Energy's filings with the United States Securities and Exchange Commission or in other publicly disseminated written documents. |
MidAmerican Funding and MidAmerican Energy undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors should not be construed as exclusive.
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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.
| MIDAMERICAN FUNDING, LLC | |
| MIDAMERICAN ENERGY COMPANY | |
| (Registrant) | |
| Date: March 29, 2011 | |
| /s/ Paul J. Leighton | |
| Paul J. Leighton | |
| Vice President and Secretary of MidAmerican Funding, LLC and | |
| Vice President, Secretary and Assistant General Counsel of | |
| MidAmerican Energy Company | |
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EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Presentation titled "2011 Fixed-Income Investor Conference." |
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