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) July 18, 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
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On July 17, 2002, Kern River Gas Transmission Company ("Kern River"),
an indirect subsidiary of MidAmerican Energy Holdings Company, announced that it
had received approval on July 17, 2002 from the Federal Energy Regulatory
Commission ("FERC") to construct and operate the Kern River 2003 Expansion
Project from southwestern Wyoming to southern California. A copy of the press
release announcing Kern River's receipt of the FERC approval is included as an
Exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 - Press Release dated July 17, 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
Paul J. Leighton
Vice President, Assistant General Counsel
and Assistant Secretary
Date: July 18, 2002
EXHIBITS INDEX
Exhibit
Number Exhibit
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99.1 Press Release dated July 17, 2002
EXHIBIT 99.1
Date: July 17, 2002
Contact: John K. Nicksich
Media
801-584-6367
John.nicksich@williams.com
Kern River Receives FERC Approval on Expansion Project
Salt Lake City -- Kern River Gas Transmission Company today received
approval from the Federal Energy Regulatory Commission to construct and operate
the Kern River 2003 Expansion Project from southwestern Wyoming to southern
California. The expansion will provide an additional 906 million cubic feet per
day of natural gas to customers in Utah, Nevada and California.
"We are very pleased with the FERC's expeditious approval of the Kern
River 2003 Expansion Project," said Robert L. Sluder, president of Kern River.
"It demonstrates how federal and state agencies can work in cooperation with
project sponsors to timely respond to market demands. The expansion project will
provide direct access for Wyoming and Utah natural gas production to premium
markets in the West. The project will directly serve nearly 6,000 megawatts of
new electric generation and help promote energy price stability and reliability
throughout the western market."
The $1.2 billion expansion project consists of 717 miles of loop
pipeline adjacent to the existing pipeline system; 163,700 horsepower of
compression at three new and six existing compressor stations; and modifications
to five existing meter stations. The Kern River 2003 Expansion Project will more
than double the amount of natural gas transported on the Kern River system. When
completed, the Kern River system will be able to transport approximately 1.73
billion cubic feet per day.
It is anticipated construction will begin in August 2002 to meet a May
1, 2003, facilities in-service date. When complete, Kern River will contribute
more than $12 million annually in new tax revenue to counties along the Kern
River System.
Kern River Receives FERC Approval
Page 2
Kern River Gas Transmission Company owns and operates a 926-mile
interstate natural gas pipeline between southwestern Wyoming and southern
California. With headquarters in Salt Lake City, Kern River currently delivers
more than 845.5 million cubic feet per day of natural gas to expanding markets
in Utah, Nevada and California. Kern River is a subsidiary of MidAmerican Energy
Holdings Company.
MidAmerican Energy Holdings Company is based in Des Moines, Iowa, and
is a privately owned global provider of energy services. Through its
energy-related business platforms - CalEnergy Generation, Kern River Gas
Transmission Company, MidAmerican Energy and Northern and Yorkshire Electric -
MidAmerican provides electric and natural gas service to 5 million customers
worldwide. Information on MidAmerican is available on the Internet at
www.midamerican.com. Information on HomeServices of America, the company's
wholly owned residential real estate brokerage business, is available on the
Internet at www.homeservices.com.