EXHIBIT 99

     DES MOINES, IOWA   Midwest Resources Inc. and Iowa-Illinois
Gas and Electric Company today announced that the merger of the
two companies will be effective on July 1, 1995.  The merger
forms MidAmerican Energy Company.
     The Federal Energy Regulatory Commission approved the merger
on June 15.  The merger previously received necessary shareholder
approvals and clearance from state regulators in Iowa and
Illinois.  The required waiting period under the Hart-Scott-
Rodino Anti-Trust Improvements Act has expired.  The Nuclear
Regulatory Commission (NRC) must approve the transfer of
Iowa-Illinois' license for Quad-Cities Nuclear Generating Station
to MidAmerican.  Iowa-Illinois owns 25 percent of the station,
which is operated by Commonwealth Edison Company.  NRC approval
is expected before July 1.
     "This extensive review confirms our conviction that the
merger is in the best interests of our customers, shareholders
and the communities we serve," said Russell E. Christiansen,
chairman, president and chief executive officer of Midwest
Resources.
     The common stock of MidAmerican will be listed on the New
York Stock Exchange under the symbol, MEC.  Trading is expected
to begin on July 3, 1995.  Shareholders of Iowa-Illinois will be
sent information about the exchange of their common stock certi-
ficates into MidAmerican certificates.  Shareholders of Midwest
Resources will not be required to exchange their certificates. 
     MidAmerican will be the 27th largest natural gas utility and
the 42nd largest electric utility in the country with annual
revenues of nearly $1.7 billion and assets of $4.4 billion.  The
company will serve 592,000 natural gas customers and 628,000
electric customers in the service territory that covers much of
Iowa and areas of Illinois, Nebraska and South Dakota. 
Non-regulated operations and investments will be located in one
subsidiary--InterCoast Energy Company.  Another subsidiary,
Midwest Capital Group Inc., will provide business development
services and financing in the MidAmerican service area.
     "MidAmerican will be stronger financially and will be better
able to use available generating capacity than either of the two
existing companies to meet customers' energy needs," said Stanley
J. Bright, chairman and chief executive officer of Iowa-Illinois. 
"We will be in a better position to succeed and serve our
customers in the more competitive utility industry."
     MidAmerican will have approximately 3,750 employees and
75,000 shareholders.  Corporate headquarters will be in Des
Moines.  Electric and natural gas headquarters will be in
Davenport and Sioux City, Iowa, respectively.
     Customers will continue to see the names, Iowa-Illinois Gas
and Electric Company, Midwest Gas and Midwest Power, until
sometime this fall.