Schedule I MidAmerican Funding, LLC Condensed Financial Statements (MidAmerican Funding LLC [Member])

12 Months Ended

Dec. 31, 2012

MidAmerican Funding LLC [Member]

Condensed Financial Statements, Captions [Line Items]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

SCHEDULE I

Page 1 of 4

MIDAMERICAN FUNDING, LLC

PARENT COMPANY ONLY

CONDENSED BALANCE SHEETS

(Amounts in millions)

	As of December 31,
	2012			2011
ASSETS
Current assets:
Receivables from affiliates	$	3		$	2
Investments in and advances to subsidiaries	4,903			4,539
Total assets	$	4,906		$	4,541
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Interest accrued and other current liabilities	$	8		$	8
Payable to affiliate	248			235
Long-term debt	325			325
Other	1			1
Total liabilities	582			569
Member's equity:
Paid-in capital	1,679			1,679
Retained earnings	2,669			2,327
Accumulated other comprehensive loss, net	(24		)	(34		)
Total member's equity	4,324			3,972
Total liabilities and member's equity	$	4,906		$	4,541

The accompanying notes are an integral part of this financial statement schedule.

SCHEDULE I

Page 2 of 4

MIDAMERICAN FUNDING, LLC

PARENT COMPANY ONLY

CONDENSED STATEMENTS OF OPERATIONS

(Amounts in millions)

	Years Ended December 31,
	2012			2011			2010
Interest on long-term debt	$	22		$	25		$	36
Loss before income taxes	(22		)	(25		)	(36		)
Income tax benefit	(9		)	(11		)	(15		)
Equity in undistributed earnings of subsidiaries	355			318			361
Net income	$	342		$	304		$	340

The accompanying notes are an integral part of this financial statement schedule.

MIDAMERICAN FUNDING, LLC

PARENT COMPANY ONLY

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(Amounts in millions)

	Years Ended December 31,
	2012		2011			2010
Net income	$	342	$	304		$	340
Total other comprehensive income (loss), net of tax	10		(5		)	20
Comprehensive income	$	352	$	299		$	360

The accompanying notes are an integral part of this financial statement schedule.

SCHEDULE I

Page 3 of 4

MIDAMERICAN FUNDING, LLC

PARENT COMPANY ONLY

CONDENSED STATEMENTS OF CASH FLOWS

(In millions)

	Years Ended December 31,
	2012			2011			2010
Net cash flows from operating activities	$	(13	)	$	(18	)	$	(21	)
Net cash flows from investing activities:
Dividend from subsidiary	—			—			114
Net cash flows from investing activities	—			—			114
Net cash flows from financing activities:
Distribution to member	—			—			(114		)
Repayments of long-term debt	—			(200		)	—
Net change in amounts payable to subsidiary	13			218			21
Net cash flows from financing activities	13			18			(93		)
Net change in cash and cash equivalents	—			—			—
Cash and cash equivalents at beginning of year	—			—			—
Cash and cash equivalents at end of year	$	—		$	—		$	—

The accompanying notes are an integral part of this financial statement schedule.

SCHEDULE I

Page 4 of 4

MIDAMERICAN FUNDING, LLC

PARENT COMPANY ONLY

NOTES TO CONDENSED FINANCIAL STATEMENTS

Incorporated by reference are MidAmerican Funding, LLC and Subsidiaries Consolidated Statements of Changes in Equity for the three years ended December 31, 2012, and the related Consolidated Statements of Capitalization as of December 31, 2012 and 2011, in Part II, Item 8.

Basis of Presentation - The condensed financial information of MidAmerican Funding, LLC's ("MidAmerican Funding's") investments in subsidiaries is presented under the equity method of accounting. Under this method, the assets and liabilities of subsidiaries are not consolidated. The investments in and advances to subsidiaries are recorded on the Condensed Balance Sheets. The income from operations of the subsidiaries is reported on a net basis as equity in undistributed earnings of subsidiary companies on the Condensed Statements of Operations.

Payable to Affiliate - MHC, Inc. ("MHC") settles all obligations of MidAmerican Funding including primarily interest costs on, and repayments of, MidAmerican Funding's long-term debt. Net amounts paid by MHC on behalf of MidAmerican Funding totaled $13 million, $218 million and $21 million for 2012, 2011 and 2010, respectively.

See the notes to the consolidated MidAmerican Funding financial statements in Part II, Item 8 for other disclosures.