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
Date of Report (Date of earliest event reported): December 2, 1996
MidAmerican Energy Holdings Company
(Exact name of registrant as specified in its charter)
Iowa 1-12459 42-1451822
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
666 Grand Avenue, P. O. Box 657, Des Moines, Iowa 50303
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 515/242-4300
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Item 5 Other Events.
Effective December 2, 1996, MidAmerican Energy Holdings
Company ("Holdings"), an Iowa corporation, became the parent holding company of
MidAmerican Energy Company ("MidAmerican"). This restructuring was approved by
MidAmerican's shareholders at the 1996 annual meeting of shareholders on April
24, 1996. As of December 2, 1996 ("Effective Date"), the outstanding shares of
MidAmerican common stock were exchanged, on a share-for-share basis, for shares
of Holdings common stock. As a result, the holders of MidAmerican common stock
automatically became the holders of Holdings common stock, and Holdings became
the owner of MidAmerican common stock.
A copy of MidAmerican's press release with respect to the
holding company formation is attached as an exhibit to this report.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
1. Press Release of MidAmerican Energy Company dated December
2, 1996.
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Signature
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 thereunto duly authorized.
MIDAMERICAN ENERGY HOLDINGS COMPANY
/s/ Paul J. Leighton
Paul J. Leighton
Corporate Secretary
December 2, 1996
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December 2, 1996
John McCarroll (515) 281-2785
Trading in the common stock of MidAmerican Energy Company begins this morning
under a new corporate name: MidAmerican Energy Holdings Company. The holding
company structure for MidAmerican became effective Dec. 1.
MidAmerican shareholders approved formation of the holding company in April
1996, and state and federal regulatory agencies also approved the change.
MidAmerican Energy Company will operate as the wholly-owned utility subsidiary
of MidAmerican Energy Holdings Company.
Each share of MidAmerican common stock will automatically become one share of
the holding company's stock. MidAmerican shareholders do not need to exchange
their stock certificates. The holding company's trading symbol on the New York
Stock Exchange will be MEC. Preferred stock previously issued by MidAmerican is
not affected by this transaction.
MidAmerican Energy Holdings Company, headquartered in Des Moines, has three
subsidiaries: MidAmerican Energy Company, MidAmerican Capital Company and
Midwest Capital Group. MidAmerican Energy, Iowa's largest utility, serves
635,000 electric customers and 600,000 natural gas customers in Iowa, Illinois,
South Dakota and Nebraska. MidAmerican Capital manages nonregulated businesses
involved in railcar management and repair, electric and natural gas marketing,
communications and passive investments. Midwest Capital is involved in economic
development. Information on MidAmerican is available on the Internet at
http://www.midamerican.com.
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