EXHIBIT 10.82


                           STOCK REDEMPTION AGREEMENT


     THIS STOCK REDEMPTION AGREEMENT ("Agreement") is made as of January 8, 2004
by  and  between  MIDAMERICAN  ENERGY  HOLDINGS  COMPANY,  an  Iowa  corporation
("MidAmerican"), and DAVID L. SOKOL ("Mr. Sokol").


     Mr. Sokol owns a number of shares of common stock,  no par value per share,
of MidAmerican ("Shares"). Mr. Sokol desires to sell a portion of such Shares to
MidAmerican, and MidAmerican is willing to purchase the same, in accordance with
the terms and conditions of this Agreement.


        Therefore, MidAmerican and Mr. Sokol agree as follows:

     Section 1.  Purchase and Sale of Shares.  Mr. Sokol hereby  agrees to sell,
assign,  transfer  and deliver to  MidAmerican  200,000  Shares (the  "Purchased
Shares") at $100 per share,  for an aggregate  purchase  price of Twenty Million
Dollars ($20,000,000),  payable by wire transfer of immediately available funds.
Mr.  Sokol  shall  deliver  appropriate  stock  certificates   representing  the
Purchased  Shares  accompanied  by  irrevocable  stock  powers  against  payment
therefor.

      Section 2.  Representations and Warranties.

     (a) By Mr.  Sokol.  Mr. Sokol  represents  and warrants to  MidAmerican  as
follows,  which  representations and warranties shall survive the closing of the
transactions contemplated in Section 1 above:

          (1) Mr.  Sokol  has  full  power  and  authority  to enter  into  this
     Agreement  and  to  perform  the  transactions  contemplated  hereby.  This
     Agreement  is  binding  upon  and  is  enforceable  against  Mr.  Sokol  in
     accordance with its terms.

          (2) Mr.  Sokol owns and has good,  valid and  marketable  title to the
     Purchased  Shares,  free and  clear of any and all  transfer  restrictions,
     claims, liens, encumbrances,  rights of third parties or other restrictions
     whatsoever,   and  pursuant  to  Section  1  above  shall   transfer   such
     unrestricted title to the Purchased Shares to MidAmerican.

          (3) The execution and delivery of this  Agreement by Mr. Sokol and the
     consummation of the transactions contemplated hereby will not result in the
     breach  of,  or  constitute  a  default  under,  any  contract,  agreement,
     commitment,  pledge or other instrument or obligation to which Mr. Sokol is
     now a party or by which Mr. Sokol or any  Purchased  Shares may be bound or
     affected.

          (4) Mr. Sokol is  knowledgeable  in financial and business  matters in
     general, and those relating to MidAmerican in particular, and is capable of
     evaluating  the merits and risks of entering into this  Agreement.  Neither
     MidAmerican,  nor any of its  directors,  officers,  employees,  agents  or
     representatives, has made any statement, representation or warranty (except
     as expressly set forth  herein) that in any manner  influenced or was taken
     into account or relied upon by Mr. Sokol in deciding  whether to enter into
     this Agreement,  including,  without limitation,  any statement relating to
     MidAmerican,  its  business  or  prospects  or the  value of the  Purchased
     Shares.  Mr.  Sokol has not relied in any manner in  deciding to enter into
     this  Agreement  upon  the  silence  or  failure  of  MidAmerican,  or  its
     directors,  officers,  employees,  agents or representatives,  to state any
     matter with respect to MidAmerican, its business or prospects, or the value
     of the Purchased Shares. Mr. Sokol has decided to enter into this Agreement
     based on Mr.  Sokol's  independent  investigation  and for Mr.  Sokol's own
     business  purposes  which are entirely  independent  of any analysis of the
     short or long term  value or  prospects  of  MidAmerican  or the  Purchased
     Shares.  Mr. Sokol recognizes that MidAmerican and its directors,  officer,
     employees,   agents  or  representatives  may  have  information  regarding
     MidAmerican,  its business and prospects, or the value of the Shares, which
     is, may be, or may be  perceived  to be material  and which is not publicly
     available and which has not been disclosed to or is not known by Mr. Sokol.
     Mr. Sokol confirms that access to any such information  would not have been
     important to his decision to sell the Purchased Shares.

     (b) By  MidAmerican.  MidAmerican  represents  and warrants to Mr. Sokol as
follows,  which  representations and warranties shall survive the closing of the
transactions contemplated in Section 1 above:

          (1)  MidAmerican  has full  power  and  authority  to enter  into this
     Agreement  and  to  perform  the  transactions  contemplated  hereby.  This
     Agreement  is  binding  upon  and is  enforceable  against  MidAmerican  in
     accordance with its terms.

          (2) In deciding to enter into this Agreement, MidAmerican did not rely
     on any  representations  or warranty of Mr. Sokol not  expressly  set forth
     herein.

     Section 3. Indemnity.  Mr. Sokol, on the one hand, and MidAmerican,  on the
other hand, shall indemnify and hold the other, and its or their (as applicable)
directors,  officers,  employees, agents and representatives,  harmless from and
against any and all losses, damages and expenses (including, without limitation,
settlement costs, legal fees and other expenses) arising from or relating to any
breach by such party of any  representation or warranty in this Agreement or any
breach by such party of any covenant,  agreement or obligation contained herein.

     Section 4. Expenses.  All fees and expenses  incurred by any of the parties
to this Agreement  shall be borne by the party incurring such fees and expenses,
and all sales,  transfer or other similar taxes payable in connection  with this
Agreement  (including,   without  limitation,  any  transfer  taxes  payable  in
connection  with the sale of the  Purchased  Shares)  will be borne by the party
incurring such taxes.

     Section 5.  Implementation  of  Agreement.  MidAmerican  and Mr. Sokol each
agree to take or cause to be taken all such  actions  and execute and deliver or
cause to be executed or delivered all such documents as the other may reasonably
request in order to carry out and  implement  the terms and  provisions  of this
Agreement.

     Section  6.  Severability.  If any  part  of this  Agreement  is held to be
invalid,  void or  unenforceable,  the  remaining  terms and  provisions  of the
Agreement shall remain in full force and effect.

     Section 7. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Iowa, without regard to conflicts of
law principles.

     Section 8.  Successors and Assigns;  No Third Party Rights.  This Agreement
shall be binding upon and inure to the benefit of MidAmerican and Mr. Sokol, and
their respective  successors,  assigns, heirs and personal  representatives.  As
used herein,  "successors  and assigns" of a  corporation  include,  but are not
limited to, affiliates and any corporation or other business entity into or with
which such corporation shall be merged, consolidated, liquidated or reorganized.
This Agreement  shall not confer upon any person other than the parties  hereto,
and their respective successors,  assigns,  heirs and personal  representatives,
any rights or remedies.

     Section  9.  Waiver.  Any  waiver  by any  party of a breach of any term or
provision of this Agreement  shall not operate as or be construed to be a waiver
of any other breach of such term or provisions of this Agreement. The failure of
a party  to  insist  upon  strict  adherence  to any term or  provision  of this
Agreement  in one or more  instances  shall not deprive  that party of the right
thereafter  to insist upon strict  adherence  to that term or  provision  or any
other term or provision of this Agreement.

     Section 10. Counterparts;  Headings.  This Agreement may be executed in two
or more  counterparts,  each of which  when  executed  shall be  deemed to be an
original and when taken  together shall  constitute one and the same  agreement.
The headings  contained in this  Agreement are for reference  only and shall not
affect in any way the meaning or interpretation of this Agreement.

     Section 11. Entire Agreement.  This Agreement embodies the entire agreement
and understanding  between the parties with respect to its subject matter.  This
Agreement  may not be modified,  amended,  altered or  supplemented  except by a
written  agreement  signed  by  MidAmerican  and Mr.  Sokol.  The  terms of this
Agreement are contractual,  not merely recital.  This Agreement is the result of
negotiations  between the parties,  and the  principle of contract  construction
against  the  drafter  shall not apply to the  interpretation,  construction  or
enforcement of this Agreement.

     IN WITNESS WHEREOF,  the parties have executed and delivered this Agreement
as of the date first above written.

                                        MIDAMERICAN ENERGY HOLDINGS COMPANY


                                        By /s/Douglas L. Anderson
                                           Douglas L. Anderson
                                           Its Sr. V.P., General Counsel &
                                               Corporate Secretary




                                           /s/David L. Sokol
                                           David L. Sokol