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 January 30, 2004
(Date of earliest event reported)
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 affiliate, Salton Sea Funding Corporation ("Funding Corporation"), has
notified the holders of Funding Corporation's 7.475% Senior Secured Series F
Bonds due November 30, 2018 of the redemption of an aggregate principal amount
of $136,383,000 of such Bonds, pro rata, in part, at a redemption price of 100%
of such aggregate outstanding principal amount, plus accrued interest to the
redemption date of March 1, 2004. The redemption is made pursuant to Section
2(j) of Funding Corporation's Fourth Supplemental Indenture at the option of
Funding Corporation as substantial completion of the Zinc Recovery Project owned
by CalEnergy Minerals LLC ("CalEnergy Minerals") has not occurred and CalEnergy
Minerals has used reasonable efforts to cause such Zinc Recovery Project to
achieve substantial completion on or prior to its guaranteed substantial
completion date. Funding Corporation expects to make a demand on MidAmerican for
the amount remaining on MidAmerican's guarantee of the Series F Bonds in order
to fund the redemption. Upon such expected demand and payment under
MidAmerican's guarantee, MidAmerican will have no further payment obligation
thereunder.
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.
None
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 30, 2004