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

12 Months Ended

Dec. 31, 2013

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,
	2013			2012
ASSETS
Current assets:
Receivables from affiliates	$	3		$	3
Investments in and advances to subsidiaries	5,269			4,903
Total assets	$	5,272		$	4,906
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Interest accrued and other current liabilities	$	8		$	8
Payable to affiliate	261			248
Long-term debt	325			325
Other	1			1
Total liabilities	595			582
Member's equity:
Paid-in capital	1,679			1,679
Retained earnings	3,009			2,669
Accumulated other comprehensive loss, net	(11		)	(24		)
Total member's equity	4,677			4,324
Total liabilities and member's equity	$	5,272		$	4,906

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,
	2013			2012			2011
Interest on long-term debt	$	22		$	22		$	25
Loss before income taxes	(22		)	(22		)	(25		)
Income tax benefit	(9		)	(9		)	(11		)
Equity in undistributed earnings of subsidiaries	353			355			318
Net income	$	340		$	342		$	304

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,
	2013		2012		2011
Net income	$	340	$	342	$	304
Total other comprehensive income (loss), net of tax	13		10		(5		)
Comprehensive income	$	353	$	352	$	299

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,
	2013			2012			2011
Net cash flows from operating activities	$	(13	)	$	(13	)	$	(18	)
Net cash flows from investing activities	—			—			—
Net cash flows from financing activities:
Repayments of long-term debt	—			—			(200		)
Net change in amounts payable to subsidiary	13			13			218
Net cash flows from financing activities	13			13			18
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, 2013, and the related Consolidated Statements of Capitalization as of December 31, 2013 and 2012, 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, $13 million and $218 million for 2013, 2012 and 2011, respectively.

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