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) January 2, 2003
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MidAmerican Energy Holdings Company
(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.
MidAmerican Energy Holdings Company ("MidAmerican") announced on
December 20, 2002 that it has commenced its offer to exchange all of its
currently outstanding 4.625% Senior Notes due 2007 and all of its currently
outstanding 5.875% Senior Notes due 2012 that were privately placed in October
2002 with a new issue of 4.625% Senior Notes due 2007 and a new issue of 5.875%
Senior Notes due 2012, which have been registered with the Securities and
Exchange Commission. The exchange offer will expire on January 23, 2003, at 5
p.m. New York City time unless extended by MidAmerican. No additional proceeds
will be raised in connection with this exchange offer.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 - Press Release dated December 20, 2002
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 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", "will", "could", "project", "believe",
"anticipate", "expect", "estimate", "continue", "potential", "plan", "forecast"
and similar terms. These statements represent MidAmerican Energy Holding
Company's intentions, plans, expectations and beliefs and are subject to risks,
uncertainties and other factors. Many of these factors are outside MidAmerican's
control and could cause actual results to differ materially from such
forward-looking statements.
These factors include, among others, general economic and business
conditions in the jurisdictions in which MidAmerican's facilities are located;
governmental, statutory, regulatory or administrative initiatives or ratemaking
actions affecting MidAmerican or the electric or gas utility, pipeline or power
generation industries; weather effects on sales and revenues; general industry
trends; increased competition in the power generation, electric utility or
pipeline industries; fuel and power costs and availability; continued
availability of accessible gas reserves; changes in business strategy,
development plans or customer or vendor relationships; availability, term and
deployment of capital; availability of qualified personnel; risks relating to
nuclear generation; financial or regulatory accounting principles or policies
imposed by the Public Company Accounting Oversight Board, the Financial
Accounting Standards Board, the Securities and Exchange Commission ("SEC"), the
Federal Energy Regulatory Commission and similar entities with regulatory
oversight; and other business or investment considerations that may be disclosed
from time to time in MidAmerican's SEC filings, including MidAmerican's Report
on Form 8-K dated November 13, 2002, or in other publicly disseminated written
documents.
MidAmerican undertakes 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.
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
/s/ Paul J. Leighton
Paul J. Leighton
Vice President, Assistant General
Counsel and Assistant Secretary
Date: January 2, 2003
EXHIBITS INDEX
Exhibit
Number Exhibit
99.1 Press Release dated December 20, 2002
Exhibit 99.1
FOR IMMEDIATE RELEASE
For more information, contact:
Kevin Waetke, Director of Corporate Communications (515) 281-2785
MidAmerican Energy Holdings Company Commences Exchange Offer
Des Moines, Iowa, Dec. 20, 2002 - MidAmerican Energy Holdings Company
today announced that it has commenced its offer to exchange all of its currently
outstanding 4.625% Senior Notes due 2007 and all of its currently outstanding
5.875% Senior Notes due 2012 that were privately placed in October 2002 with a
new issue of 4.625% Senior Notes due 2007 and a new issue of 5.875% Senior Notes
due 2012, which have been registered with the Securities and Exchange
Commission. The exchange offer will expire on January 23, 2003, at 5 p.m. New
York City time unless extended by the Company. No additional proceeds will be
raised in connection with this exchange offer.
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, Northern Natural Gas 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.