UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) March 8, 2002
MidAmerican Energy Holdings Company
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(Exact name of registrant as specified in its charter)
Iowa 0-25551 94-2213782
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
666 Grand Avenue, Des Moines, Iowa 50309
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code: (515) 242-4300
N/A
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(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On March 7, 2002, MidAmerican Energy Holdings Company ("MEHC") announced that it
had entered into an agreement to acquire Kern River Gas Transmission Company
from The Williams Companies, Inc. ("Williams") for $450 million plus the
assumption of $506 million of debt. Additionally, MEHC announced that, through a
subsidiary, it has agreed to invest $275 million in Williams in exchange for
1,466,667 shares of Williams 9 7/8% cumulative convertible preferred stock. Each
share of this security is convertible into ten shares of Williams common stock.
The parties expect the transaction to be completed by March 31, 2002.
MEHC also announced that its principal investor, Berkshire Hathaway Inc., will
contribute $725 million to MEHC in exchange for $323 million of MEHC's trust
preferred securities and $402 million of zero coupon convertible preferred
stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 1 - Press Release dated March 7, 2002
SIGNATURE
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 ENERGY HOLDINGS COMPANY
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(Registrant)
/s/ Paul J. Leighton
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Paul J. Leighton
Vice President, Assistant
General Counsel and Assistant
Secretary
Date March 8, 2002
EXHIBITS INDEX
Exhibit
Number Exhibit
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1 Press Release dated March 7, 2002