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Schedule I Condensed Financial Statements (Parent Company Only)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Statements, Captions [Line Items]  
Schedule I Condensed Financial Statements (Parent Company Only)
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED BALANCE SHEETS
(Amounts in millions, except share amounts)
As of December 31,
20242023
ASSETS
Current assets:
Cash and cash equivalents$78 $166 
Accounts receivable— — 
Accounts receivable - affiliate1,415 861 
Notes receivable - affiliate13 19 
Income tax receivable1 44 
Other current assets7 15 
Total current assets1,514 1,105 
Investments in subsidiaries60,499 61,032 
Other investments277 248 
Goodwill1,221 1,221 
Other assets1,280 1,291 
Total assets$64,791 $64,897 
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and other current liabilities$560 $613 
Notes payable - affiliate502 202 
Short-term debt180 1,935 
Current portion of BHE senior debt1,650 — 
Total current liabilities2,892 2,750 
BHE senior debt11,457 13,101 
BHE junior subordinated debentures— 100 
Notes payable - affiliate— — 
Other long-term liabilities433 512 
Total liabilities14,782 16,463 
Equity:
Preferred stock - 100,000,000 shares authorized, $0.01 par value, 481,000 and — shares issued and outstanding
481 — 
Common stock - 100 and 115,000,000 shares authorized, no par value, 1 and 75,627,913 shares issued and outstanding
— — 
Additional paid-in capital5,558 5,573 
Retained earnings46,311 44,765 
Accumulated other comprehensive loss, net(2,341)(1,904)
Total equity50,009 48,434 
Total liabilities and equity$64,791 $64,897 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
202420232022
Operating expenses:
General and administration$79 $77 $31 
Depreciation and amortization7 7 8 
Total operating expenses86 84 39 
Operating loss(86)(84)(39)
Other income (expense):
Interest expense(669)(702)(629)
Other, net57 49 (45)
Total other income (expense)(612)(653)(674)
Loss before income tax expense (benefit) and equity income (loss)(698)(737)(713)
Income tax expense (benefit)(229)(233)(259)
Equity income (loss)4,769 3,524 3,175 
Net income attributable to BHE shareholders4,300 3,020 2,721 
Preferred dividends— 34 46 
Earnings on common shares$4,300 $2,986 $2,675 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in millions)
Years Ended December 31,
202420232022
Net income$4,300 $3,020 $2,721 
Other comprehensive (loss) income, net of tax
(437)246 (809)
Comprehensive income attributable to BHE shareholders$3,863 $3,266 $1,912 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF CASH FLOWS
(In millions)
Years Ended December 31,
202420232022
Cash flows from operating activities$5,375 $5,824 $1,252 
Cash flows from investing activities:
Investments in subsidiaries(1,053)(4,995)(1,085)
Purchases of marketable securities(10)(39)(20)
Proceeds from sales of marketable securities13 35 11 
Proceeds from other investments— — — 
Notes receivable from affiliate, net6 (571)390 
Other, net4 (18)(44)
Net cash flows from investing activities(1,040)(5,588)(748)
Cash flows from financing activities:
Preferred stock redemptions— (850)(800)
Preferred dividends— (38)(50)
Common stock purchases(2,276)— (870)
Proceeds from BHE senior debt— — 986 
Repayments of BHE senior debt— (900)— 
Repayments of BHE subordinated debt(91)— — 
Net proceeds from (repayments of) short-term debt(1,755)1,690 245 
Notes payable to affiliate, net300 — — 
Notes payable
(600)— — 
Other, net(1)(4)(1)
Net cash flows from financing activities(4,423)(102)(490)
Net change in cash and cash equivalents(88)134 14 
Cash and cash equivalents at beginning of year166 32 18 
Cash and cash equivalents at end of year$78 $166 $32 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
BERKSHIRE HATHAWAY ENERGY COMPANY
PARENT COMPANY ONLY
NOTES TO CONDENSED FINANCIAL STATEMENTS

Basis of Presentation - The condensed financial information of BHE investments in subsidiaries are presented under the equity method of accounting. Under this method, the assets and liabilities of subsidiaries are not consolidated. The investments in subsidiaries are recorded in the Condensed Balance Sheets. The income from operations of subsidiaries is reported on a net basis as equity income in the Condensed Statements of Operations.

Dividends and distributions from subsidiaries - Cash dividends paid to BHE by its subsidiaries for the years ended December 31, 2024, 2023 and 2022 were $6.8 billion, $6.8 billion and $1.9 billion, respectively. In January and February 2025, BHE received cash dividends from its subsidiaries totaling $65 million.

Guarantees and commitments - BHE has issued guarantees and letters of credit in respect of subsidiaries, equity method investments and other related parties aggregating $3.5 billion and commitments.

See the notes to the consolidated BHE financial statements in Part II, Item 8 for other disclosures regarding long-term obligations (Notes 9, 10 and 11) and shareholders' equity (Note 18).
MidAmerican Funding LLC  
Condensed Financial Statements, Captions [Line Items]  
Schedule I Condensed Financial Statements (Parent Company Only)
Schedule I
MIDAMERICAN FUNDING, LLC
PARENT COMPANY ONLY
CONDENSED BALANCE SHEETS
(Amounts in millions)
As of December 31,
20242023
ASSETS
Current assets:
Receivables from affiliates$— $1 
Investments in and advances to subsidiaries11,504 10,925 
Total assets$11,504 $10,926 
LIABILITIES AND MEMBER'S EQUITY
Current liabilities:
Interest accrued and other current liabilities$6 $5 
Payable to affiliate59 48 
Long-term debt240 240 
Total liabilities305 293 
Member's equity:
Paid-in capital1,679 1,679 
Retained earnings9,520 8,954 
Total member's equity11,199 10,633 
Total liabilities and member's equity$11,504 $10,926 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
MIDAMERICAN FUNDING, LLC
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF OPERATIONS
(Amounts in millions)
Years Ended December 31,
202420232022
Other income (expense):
Interest expense$(17)$(17)$(17)
Loss before income tax expense (benefit)
(17)(17)(17)
Income tax expense (benefit)
(5)(5)(5)
Equity in undistributed earnings of subsidiaries1,003 992 959 
Net income$991 $980 $947 

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



MIDAMERICAN FUNDING, LLC
PARENT COMPANY ONLY
CONDENSED STATEMENTS OF CASH FLOWS
(In millions)
Years Ended December 31,
202420232022
Net cash flows from operating activities$(11)$(12)$(12)
Net cash flows from investing activities:
Dividends from subsidiary
425 1,025 69 
Net cash flows from investing activities425 1,025 69 
Net cash flows from financing activities:
Distributions to member
(425)(1,025)(69)
Net change in amounts payable to subsidiary11 12 12 
Net cash flows from financing activities(414)(1,013)(57)
Net change in cash and cash equivalents— — — 
Cash and cash equivalents at beginning of year— — — 
Cash and cash equivalents at end of year$— $— $— 

The accompanying notes are an integral part of this financial statement schedule.
Schedule I
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 Member's Equity for the three years ended December 31, 2024, 2023 and 2022 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. The Condensed Statements of Comprehensive Income have been omitted as net income equals comprehensive income for the years ended December 31, 2024, 2023 and 2022.

Income Taxes - MidAmerican Funding is not subject to income tax and is disregarded by the taxing authorities. However, a portion of Berkshire Hathaway Inc.'s consolidated income tax expense has been allocated to MidAmerican Funding for presentation in its separate financial statements commensurate with computing MidAmerican Funding's provision on a stand-alone basis.

Payable to Affiliate - MHC, Inc. ("MHC") settles all obligations of MidAmerican Funding including interest costs on, and repayments of, MidAmerican Funding's long-term debt, income taxes and distributions to parent. MHC paid $436 million,$1,037 million and $81 million in 2024, 2023 and 2022, respectively, on behalf of MidAmerican Funding.

Distributions to Parent - In 2024, 2023 and 2022, MidAmerican Funding declared and paid, via MHC, cash dividends of $425 million, $1,025 million and $69 million, respectively.

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