UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report March 1, 2004
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(Date of earliest event reported)
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.
MidAmerican Energy Holdings Company ("MidAmerican") reported that today its
affiliate, Salton Sea Funding Corporation ("Funding Corporation"), has completed
the redemption of an aggregate principal amount of $136,383,000 of Funding
Corporation's 7.475% Senior Secured Series F Bonds due November 30, 2018, 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.
As previously reported, the redemption was 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 made a demand on MidAmerican for the amount
remaining on MidAmerican's guarantee of the Series F Bonds in order to fund the
redemption. MidAmerican made the requisite payment, and, as a result, it has no
further payment obligation under the guarantee.
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
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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
Date: March 1, 2004 /s/ Paul J. Leighton
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Paul J. Leighton
Vice President, Assistant General Counsel and
Assistant Secretary
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