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) October 15, 2003
MidAmerican Energy Holdings Company
(Exact name of registrant as specified in its charter)
Iowa 0-25551 94-2213782
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
666 Grand Avenue, Des Moines, Iowa 50309
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (515) 242-4300
N/A
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
MidAmerican Energy Holdings Company ("MidAmerican") reported today that its
subsidiary CE Casecnan Water and Energy Company, Inc. ("CE Casecnan") and the
Philippines National Irrigation Administration ("NIA") have entered into a
Supplemental Agreement settling the International Chamber of Commerce
arbitration case initiated by CE Casecnan in August 2002 to enforce a provision
in the Amended and Restated Project Agreement ("Project Agreement") between CE
Casecnan and the NIA. The settlement agreement provides for the dismissal with
prejudice of all claims by CE Casecnan and counterclaims by NIA in the
arbitration and for certain tariff and other amendments to the Project
Agreement. CE Casecnan has stated it believes the settlement could not
reasonably be expected to have a Material Adverse Effect (as defined in the CE
Casecnan Trust Indenture ("Indenture") dated as of November 27, 1995) and the
Independent Engineer has provided the required certificate addressed to the
trustee under the Indenture to similar effect. All conditions for effectiveness
have been satisfied and closing occurred on October 15, 2003. The Supplemental
Agreement is included as an exhibit to this report.
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'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 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 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.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1 - Supplemental Agreement between CE Casecnan Water and Energy
Company, Inc. and the Philippines National Irrigation Administra-
tion dated as of September 29, 2003
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: October 15, 2003
EXHIBITS INDEX
Exhibit
Number Exhibit
99.1 Supplemental Agreement between CE Casecnan Water and Energy
Company, Inc. and the Philippines National Irrigation
Administration dated as of September 29, 2003