Securities and Exchange Commission

                     Washington, DC  20549

                            Form 8-K

                         Current Report

             Pursuant to Section 13 or 15(d) of the
                  Securities Exchange Act 1934


               Date of Report  February 26, 1999
               (Date of earliest event reported)



              MidAmerican Energy Holdings Company
     (Exact name of registrant as specified in its charter)



    Iowa                                  1-9874
94-2213782
(State of other          (Commission File              (IRS
Employer
 jurisdiction of                Number)
Identification No.)
 incorporation)



 666 Grand Avenue                 Des Moines, Iowa
50309
(Address of principal executive offices)
Zip Code




Registrant's Telephone Number, including area code:    (515) 242-
4000




                              N/A
 (Former name or former address, if changed since last report)
Item 2. Acquisition or Disposition of Assets

     On February 26, 1999, the Registrant announced that it had
completed the sale of its ownership interest in the Coso
geothermal projects to Caithness Energy LLC for a cash sale price
of $205 million plus $5 million of contingent payments and the
assumption of $67 million of project debt.   A copy of the press
release issued by the Registrant is attached hereto as Exhibit 1.

     On March 3, 1999, the Registrant announced that it closed
the sale of 50% of its ownership interests in CE Generation LLC
to El Paso Power Holding Company, an affiliate of El Paso Energy
Corporation.  The consideration for the sale was $259.6 million
(subject to adjustments) comprised of $236.1 million in cash
along with the assumption of 50% of the Registrant's required
project equity contributions totaling $23.5 million for the two
CE Generation facilities currently in construction.   A copy of
the press release issued by the Registrant is attached hereto as
Exhibit 2.

     Certain information included in this report contains forward-
looking  statements  made  pursuant  to  the  Private  Securities
Litigation  Reform Act of 1995 ("Reform Act").   Such  statements
are  based on current expectations and involve a number of  known
and  unknown risks and uncertainties that could cause the  actual
results  and  performance of the Registrant to differ  materially
from  any  expected future results or performance,  expressed  or
implied, by the forward-looking statements including expectations
regarding  the  future results of operations of  Registrant.   In
connection with the safe harbor provisions of the Reform Act, the
Registrant  has  identified important factors  that  could  cause
actual  results  to  differ materially  from  such  expectations,
including   development   uncertainty,   operating   uncertainty,
acquisition uncertainty, uncertainties relating to doing business
outside   of   the  United  States,  uncertainties  relating   to
geothermal  resources,  uncertainties relating  to  domestic  and
international  (and  in  particular,  Indonesian)  economic   and
political  conditions and uncertainties regarding the  impact  of
regulations,  changes in government policy, industry deregulation
and  competition.   Reference is made to all of the  Registrant's
SEC  Filings,  including the Proxy Statement and the Registrant's
Report  on  Form 8-K dated March 6, 1998, incorporated herein  by
reference,  for  a  description of  such  factors.   The  Company
assumes  no  responsibility to update forward-looking information
contained herein.

Item 7.  Financial Statements and Exhibits

     Exhibit 1 - Press Release dated February 26, 1999
     Exhibit 2 - Press Release dated March 3, 1999

     The required proforma financial information will be filed at
a later date as part of an amendment to this Form 8-K.






                                
                                
                                
                                
                            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



By: \s\ Douglas L. Anderson
                                   Douglas L. Anderson
                                   Assistant Secretary and
                                   Assistant General Counsel





Dated: March 15, 1999



                           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




By: ______________________________
                                   Douglas L. Anderson
                                   Assistant Secretary and
                                   Assistant General Counsel




Dated: March 15, 1999

























                                
EXHIBIT 1

FOR IMMEDIATE RELEASE

CalEnergy Closes Sale to Caithness Energy of Coso Power Projects
                                
     OMAHA, NEBRASKA, February 26, 1999 -- CalEnergy Company,
Inc. ("CalEnergy" or the "Company") (NYSE: CE; PCX; London)
announced today that it closed the sale of all of its ownership
interests in the Coso geothermal power projects (the "Projects")
to Caithness Energy LLC ("Caithness") for an aggregate
consideration of $277 million dollars.  The price is comprised of
$205 million in cash and $5 million in contingent payments along
with the assumption of CalEnergy's affiliate's share of Project
debt totaling $67 million.
     
     All ownership interests and management of the Coso Projects
have been transferred to Caithness, effective today, including
indirect interests in Coso Finance Partners (Navy I), Coso Energy
Developers (BLM) and Coso Power Developers (Navy II).
     
     "These recent accomplishments by our Company represent some
of the final steps taken in the diligent pursuit to successfully
conclude the merger with MidAmerican," said David L. Sokol,
Chairman and Chief Executive Officer of CalEnergy.  "Our strategy
for growth will remain as important to our future, as it has in
our past.  We remain focused and committed to becoming a leading
global provider of a full range of energy services."

     "We look forward to the opportunity to build upon Coso's
strong performance," said James Bishop, Sr., Chairman of
Caithness.  "Renewable forms of energy will become more important
as we enter the 21st century and we believe Coso is one of the
premier renewable resources in the U.S."

     CalEnergy Company, Inc. is a global energy company that
manages and owns interests in approximately 5,000 net megawatts
of power generation facilities in operation, construction and
development worldwide.  The Company develops and produces energy
from diversified fuel sources including geothermal, natural gas
and hydroelectric.  Through its subsidiary Northern Electric,
CalEnergy supplies and distributes electricity and gas to
approximately 2.0 million customers in the United Kingdom.
CalEnergy conducts business in the U.S., U.K., the Philippines,
Indonesia, Poland and Australia and employs more than 4,400
people worldwide.  For the year ended December 31, 1998,
CalEnergy generated revenues of nearly $2.7 billion and at
December 31, 1998 had assets of approximately $9.1 billion.

     Caithness is a privately owned developer and owner of
interests in 15 operating power plants with a combined capacity
of over 1,000 megawatts of electricity.  Caithness is based in
New York City specializing in natural resource exploration and
power plant development around the world.
                                
Press Contacts:
CalEnergy Company, Inc.                 Caithness Energy LLC
Craig Hammett - Senior Vice President & CFO             402-341-
4500                       James D. Bishop, Jr.         212-921-
9099
Patti McAtee - Director, Corp. Communications          402-341-
4500                       Leslie J. Gelber             212-921-
9099
Diana Nelson - Brunswick, Media Relations               212-333-
3810                       Christopher T. McCallion     212-921-
9099


                        www.calenergy.com

EXHIBIT 2
FOR IMMEDIATE RELEASE

Craig Hammett - Senior Vice President, Chief Financial Officer
402-341-4500
Patti McAtee - Director, Corporate Communications
402-341-4500
Diana Nelson - Brunswick
212-333-3810

             CalEnergy Closes Sale to El Paso Energy
       50% Ownership Interests in 14 Generating Facilities
                                
     OMAHA, NEBRASKA, March 3, 1999 -- CalEnergy Company, Inc.
("CalEnergy" or the "Company") (NYSE: CE; PCX; London) announced
today that it closed the sale of 50% of its ownership interests
in CE Generation LLC ("CE Generation") (the holding company for
14 of CalEnergy's U.S. generating facilities) to an affiliate of
El Paso Energy Corporation (NYSE: EPG) ("El Paso Energy") for an
aggregate consideration of $259.6 million, subject to certain
adjustments.  The price is comprised of $236.1 million in cash
along with the assumption of 50% of CalEnergy's required project
equity contributions totaling $23.5 million for the two CE
Generation facilities currently in construction and 50% of CE
Generation and project level debt.  Prior to closing the sale to
El Paso Energy, CalEnergy received approximately $395 million in
net proceeds from a $400 million debt issuance by CE Generation.
     
     CE Generation, a Delaware limited liability company and
wholly owned subsidiary of CalEnergy, was formed for the purpose
of owning 100% of CalEnergy's interests in 12 U.S. power
generation projects which are qualifying facilities ("QFs") under
PURPA and two additional generating facilities currently in
construction at the Salton Sea.  Collectively, the 14 power
projects have a combined electric generating capacity of
approximately 896 net megawatts and include ten geothermal
projects near the Imperial Valley in southern California and four
natural gas-fired cogeneration projects in New York,
Pennsylvania, Texas and Arizona.

     "We believe this transaction will be a successful one for
both companies," said David L. Sokol, Chairman of the Board and
Chief Executive Officer of CalEnergy.  "El Paso Energy is the
right strategic partner for us and we are excited to begin
working together."  Mr. Sokol added, "The completion of this sale
also brings us one step closer to finalizing the pending merger
with MidAmerican Energy."
     
     CalEnergy Company, Inc. is a global energy company that
manages and owns interests in approximately 5,000 net megawatts
of power generation facilities in operation, construction and
development worldwide.  The Company develops and produces energy
from diversified fuel sources including geothermal, natural gas
and hydroelectric.  Through its subsidiary Northern Electric,
CalEnergy supplies and distributes electricity and gas to
approximately 2.0 million customers in the United Kingdom.
CalEnergy conducts business in the U.S., U.K., the Philippines,
Indonesia, Poland and Australia and employs more than 4,400
people worldwide.  For the year ended December 31, 1998,
CalEnergy generated revenues of nearly $2.7 billion and at
December 31, 1998 had assets of approximately $9.1 billion.
                        www.calenergy.com