Check the appropriate box below if the Form filing is intended to simultaneously satisfy the filing obligation oegistrant under any of the following provisions (see General Instruction A.2. below):

 

 

 

 

 

Indicate by check mark whetheegistrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule of the Securities Exchange Act of 1934 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark iegistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

On September 7, 2023, MidAmerican Energy Company (the “Company”) issued $350,000,000 aggregate principal amount of the Company’s 5.350% First Mortgage Bonds due 2034 and $1,000,000,000 aggregate principal amount of the Company’s 5.850% First Mortgage Bonds due 2054 (collectively, the “First Mortgage Bonds”). The First Mortgage Bonds were offered and sold pursuant to the provisions of an underwriting agreement (the “Underwriting Agreement”) among the Company, Barclays Capital Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as representatives for several underwriters (collectively, the “Underwriters”) dated September 5, 2023. The Underwriting Agreement contains certain customary representations, warranties and covenants concerning the Company andthe registration statement relating to the offering of the First Mortgage Bonds. In addition, the Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.

The First Mortgage Bonds were issued pursuant to the Indenture dateeptember 9, 2013 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, as amended by the First Supplemental Indenture dateeptember 19, 2013 (the “First Supplemental Indenture”), and as supplemented by the Eleventh Supplemental Indenture dateeptember 7, 2023 (the “Eleventh Supplemental Indenture”).

The First Mortgage Bonds are secured by a first mortgage lien on substantially all of the Company’s electric generating, transmission and distribution property within the State of Iowa, subject to certain exceptions and permitted encumbrances, created by a Mortgage, Security Agreement, Fixture Filing and Financing Statement dateeptember 9, 2013, from the Company to The Bank of New York Mellon Trust Company, N.A., as collateral trustee, as may be amended or supplemented from time to time.

The First Mortgage Bonds are secured equally and ratably with the Company’s currently outstanding senior notes as required by the terms of the indentures under which such senior notes were issued, and with all of the Company’s other first mortgage bonds from time to time outstanding. The Company intends to allocate an amount equal to the net proceeds of the First Mortgage Bonds to finance or refinance, in whole or in parligible Projects (as defined in the Company’s prospectus supplement dateeptember 5, 2023, which was filed with the Securities and Exchange Commission on September 6, 2023.

The First Mortgage Bonds will be redeemable prior to maturity, under the terms and conditions set forth in the Eleventh Supplemental Indenture.

The descriptions of the Underwriting Agreement, the Indenture, the First Supplemental Indenture, the Eleventh Supplemental Indenture and the First Mortgage Bonds are qualified in their entirety by reference to the Underwriting Agreement, the Indenture, the First Supplemental Indenture, the Eleventh Supplemental Indenture and the specimen global certificates evidencing each of the First Mortgage Bonds, copies of which are filed as exhibits to this Form

 

(d) Exhibits

 

Pursuant to the requirements of the Securities Exchange Act of 193egistrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.