8-K 1 mec-llc8k10302009.htm MIDAMERICAN ENERGY COMPANY FORM 8-K mec-llc8k10302009.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

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


October 30, 2009 (October 30, 2009)
Date of Report (Date of earliest event reported)


Commission
  
Exact name of registrant as specified in its charter;
  
IRS Employer
File Number
  
State or other jurisdiction of incorporation or organization
  
Identification No.
         
333-90553
  
MIDAMERICAN FUNDING, LLC
  
47-0819200
   
(An Iowa Limited Liability Company)
    
   
666 Grand Avenue, Suite 500
    
   
Des Moines, Iowa 50309-2580
    
         
333-15387
  
MIDAMERICAN ENERGY COMPANY
  
42-1425214
   
(An Iowa Corporation)
    
   
666 Grand Avenue, Suite 500
    
   
Des Moines, Iowa 50309-2580
    
         
(515) 242-4300
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 


Item 7.01.  Regulation FD Disclosure

MidAmerican Energy Holdings Company (“MidAmerican”), the parent of MidAmerican Funding, LLC (“MidAmerican Funding”) and its indirect subsidiary MidAmerican Energy Company (“MidAmerican Energy”), is filing certain information titled “2009 EEI Financial Conference,” which in part includes information about MidAmerican Funding and MidAmerican Energy, that is being furnished as Exhibit 99.1 to this Form 8-K.

In accordance with general instruction B.2 of Form 8-K, the information in this report (including exhibits) is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section. Furthermore, the information contained in the presentation filed herewith shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

Item 9.01.  Financial Statements and Exhibits

(d) Exhibits
 
Exhibit No.
Description
   
99.1
Information titled “2009 EEI Financial Conference.”
   


 
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Forward-Looking Statements

This report (including the information filed as an exhibit hereto) contains statements that do not directly or exclusively relate to historical facts. These statements are ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by the use of forward-looking words, such as “may,” “could,” “project,” “believe,” “anticipate,” “expect,” “estimate,” “continue,” “intend,” “potential,” “plan,” “forecast,” and similar terms. These statements are based upon MidAmerican Funding’s and MidAmerican Energy’s current intentions, assumptions, expectations and beliefs and are subject to risks, uncertainties and other important factors. Many of these factors are outside the control of MidAmerican Funding or MidAmerican Energy and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, among others:

·      
general economic, political and business conditions in the jurisdictions in which MidAmerican Energy’s facilities operate;
 
·      
changes in governmental, legislative, or regulatory requirements affecting MidAmerican Energy or the electric or gas utility industries;
 
·      
changes in, and compliance with, environmental laws, regulations, decisions and policies that could increase operating and capital costs, reduce plant output or delay plant construction;
 
·      
the outcome of general rate cases and other proceedings conducted by regulatory commissions or other governmental and legal bodies;
 
·      
changes in economic, industry or weather conditions, as well as demographic trends, that could affect customer growth and usage or supply of electricity and gas;
 
·      
a high degree of variance between actual and forecasted load and prices that could impact the hedging strategy and costs to balance electricity and load supply;
 
·      
changes in prices and availability for both purchases and sales of wholesale electricity, coal, natural gas, other fuel sources and fuel transportation that could have a significant impact on generation capacity and energy costs;
 
·      
the financial condition and creditworthiness of MidAmerican Energy’s significant customers and suppliers;
 
·      
changes in business strategy or development plans;
 
·      
availability, terms and deployment of capital, including severe reductions in demand for investment grade commercial paper, debt securities and other sources of debt financing and volatility in the London Interbank Offered Rate, the base interest rate for MidAmerican Energy’s credit facilities;
 
·      
changes in MidAmerican Energy’s credit ratings;
 
·      
performance of MidAmerican Energy’s generating facilities, including unscheduled outages or repairs;
 
·      
risks relating to nuclear generation;
 
·      
the impact of derivative instruments used to mitigate or manage volume, price and interest rate risks, including increased collateral requirements, and changes in the commodity prices, interest rates and other conditions that affect the value of derivative instruments;
 
·      
the impact of increases in healthcare costs and changes in interest rates, mortality, morbidity, investment performance and legislation on pension and other postretirement benefits expense and funding requirements;
 
 
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·      
unanticipated construction delays, changes in costs, receipt of required permits and authorizations, ability to fund capital projects and other factors that could affect future generating facilities and infrastructure additions;
 
·      
the impact of new accounting pronouncements or changes in current accounting estimates and assumptions on financial results;
 
·      
other risks or unforeseen events, including litigation, wars, the effects of terrorism, embargoes and other catastrophic events; and
 
·      
other business or investment considerations that may be disclosed from time to time in MidAmerican Funding’s or MidAmerican Energy’s filings with the United States Securities and Exchange Commission or in other publicly disseminated written documents.
 
MidAmerican Funding and MidAmerican Energy undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors should not be construed as exclusive.



 
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SIGNATURES

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 FUNDING, LLC
 
MIDAMERICAN ENERGY COMPANY
 
(Registrant)
Date:  October 30, 2009
  
 
/s/ Paul J. Leighton
 
Paul J. Leighton
 
Vice President and Secretary of MidAmerican Funding, LLC and
Vice President, Secretary and Assistant General Counsel of
MidAmerican Energy Company
   
   
   


 
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EXHIBIT INDEX

Exhibit No.
Description
   
99.1
Information titled “2009 EEI Financial Conference.”
   



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