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
April 1, 2009 (April 1, 2009)
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:
| [ ] | 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 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 April 1, 2009 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, through April 8, 2009, 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 the presentation furnished as an exhibit) 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, or otherwise subject to liabilities of that section. Furthermore, the information contained in the presentation furnished herewith shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by MidAmerican Funding or MidAmerican Energy that the information in this report is material or complete.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Presentation titled “2009 Fixed-Income Investor Conference.” |
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Forward-Looking Statements
This report (including the presentation furnished as an exhibit hereto) contains statements that do not directly or exclusively relate to historical facts. These statements are ‘‘forward-looking statements’’ within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can typically be identified by the use of forward-looking words, such as ‘‘may,’’ ‘‘could,’’ ‘‘project,’’ ‘‘believe,’’ ‘‘anticipate,’’ ‘‘expect,’’ ‘‘estimate,’’ ‘‘continue,’’ “intend,” ‘‘potential,’’ ‘‘plan,’’ ‘‘forecast,’’ and similar terms. These statements are based upon MidAmerican Funding’s and/or 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 in the jurisdictions in which MidAmerican Energy’s facilities are located; |
· | changes in governmental, legislative, or regulatory requirements affecting MidAmerican Energy or the electric or gas utility industries; |
· | changes in, and compliance with, environmental laws, regulations, decisions and policies that could increase operating and capital improvement costs, reduce plant output or delay plant construction; |
· | 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 or supply of electricity and gas; |
· | a high degree of variance between actual and forecasted load and prices that could impact the hedging strategy and cost to balance electricity and load supply; |
· | changes in prices and availability for both purchases and sales of wholesale electricity, coal, natural gas, other fuel sources and fuel transportation that could have a significant impact on generation 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 severe 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; |
· | increased collateral requirements in support of hedging activities and purchased power and fuel; |
· | performance of MidAmerican Energy’s generating facilities, including unscheduled outages or repairs; |
· | risks relating to nuclear generation; |
· | the impact of derivative instruments used to mitigate or manage volume, price and interest rate risks and changes in the commodity prices, interest rates and other conditions that affect the value of the derivatives; |
· | the impact of increases in healthcare costs and changes in interest rates, mortality, morbidity, investment performance and legislation 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 pronouncements or changes in current accounting estimates and assumptions on financial results; |
· | other risks or unforeseen events, including litigation and wars, the effects of 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: April 1, 2009 | |
| /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 “2009 Fixed-Income Investor Conference.” |
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