8-K 1 mehc8k302.txt MIDAMERICAN ENERGY HOLDINGS COMPANY 3-8-02 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) March 8, 2002 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 2. ACQUISITION OR DISPOSITION OF ASSETS. On March 7, 2002, MidAmerican Energy Holdings Company ("MEHC") announced that it had entered into an agreement to acquire Kern River Gas Transmission Company from The Williams Companies, Inc. ("Williams") for $450 million plus the assumption of $506 million of debt. Additionally, MEHC announced that, through a subsidiary, it has agreed to invest $275 million in Williams in exchange for 1,466,667 shares of Williams 9 7/8% cumulative convertible preferred stock. Each share of this security is convertible into ten shares of Williams common stock. The parties expect the transaction to be completed by March 31, 2002. MEHC also announced that its principal investor, Berkshire Hathaway Inc., will contribute $725 million to MEHC in exchange for $323 million of MEHC's trust preferred securities and $402 million of zero coupon convertible preferred stock. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 1 - Press Release dated March 7, 2002 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 ----------------------------------- (Registrant) /s/ Paul J. Leighton ----------------------------------- Paul J. Leighton Vice President, Assistant General Counsel and Assistant Secretary Date March 8, 2002 EXHIBITS INDEX Exhibit Number Exhibit ------- ------- 1 Press Release dated March 7, 2002