UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-3A-2
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2
FROM THE PROVISIONS OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
TO BE FILED ANNUALLY PRIOR TO MARCH 1
MIDAMERICAN ENERGY HOLDINGS COMPANY
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, state of organization, location and nature of business of claimant and
every subsidiary thereof.
A. MidAmerican Energy Holdings Company - Organized as a holding company.
Incorporated in Iowa. Headquartered in Des Moines, Iowa. The following
companies are subsidiaries of MidAmerican Energy Holdings Company as
defined by Section 2(a):
B. Utility Subsidiaries
--------------------
MidAmerican Energy Company (100% owned) - Organized as a public
utility to generate, transmit, distribute and market electric
energy and to distribute and market natural gas. Incorporated in
Iowa. Headquartered in Des Moines, Iowa.
i. 100% owned by MidAmerican Energy Company
CBEC Railway Inc. - Organized to own and operate rail facilities
for the transportation of coal. Incorporated in Iowa.
Headquartered in Des Moines, Iowa.
MidAmerican Energy Financing I - Organized as a statutory
business trust holding MidAmerican 7.98% Series A Debentures
due 2045. Incorporated in Delaware. Headquartered in Des
Moines, Iowa.
MidAmerican Energy Funding Corporation - Organized to purchase
MidAmerican Energy Company's accounts receivable.
Incorporated in Delaware. Headquartered in Des Moines, Iowa.
-1-
<PAGE>
C. Nonregulated Business Subsidiaries
----------------------------------
i. MidAmerican Capital Company (100% owned) - Organized as a holding
company for nonregulated business subsidiaries. Incorporated in
Delaware. Headquartered in Des Moines, Iowa.
a. 100% Owned by MidAmerican Capital Company
A/C Security Systems, Inc. - Organized to provide security
services. Incorporated in Nebraska. Headquartered in
Omaha, Nebraska.
AmGasInc. - Organized to market nonregulated natural gas to
end users. Incorporated in Iowa. Headquartered in Des
Moines, Iowa.
Cimmred Leasing Company - Organized to invest in, develop
and/or manage financial business ventures. Incorporated
in South Dakota. Headquartered in Dakota Dunes, South
Dakota.
InterCoast Capital Company - Organized to invest in and
manage securities. Incorporated in South Dakota.
Headquartered in Dakota Dunes, South Dakota.
InterCoast Energy Company - Organized to market nonregulated
electric energy, and produce and market oil and gas.
Incorporated in Delaware. Headquartered in Des Moines,
Iowa.
InterCoast Global Management, Inc. - Organized to manage
securities investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Power Company - Organized to manage nonregulated
electric energy investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Power Marketing Company - Organized to market
nonregulated electric energy. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Trade & Resources, Inc. - Organized to market
nonregulated oil and gas. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
IWG Co. 8 - Organized to invest in nonregulated hydropower
projects or companies. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
MHC Investment Company - Organized to invest in, develop
and/or manage investments and financial business
ventures. Incorporated in South Dakota. Headquartered
in Dakota Dunes, South Dakota.
MidAmerican Rail Inc. - Organized to lease railroad coal
cars. Incorporated in Iowa. Headquartered in Des
Moines, Iowa.
MidAmerican Security Company - Organized to invest in
security companies. Incorporated in Iowa. Headquartered
in Des Moines, Iowa.
MidAmerican Services Company - Organized to provide
complementary energy services. Incorporated in Iowa.
Headquartered in Des Moines, Iowa.
-2-
<PAGE>
MWR Capital Inc. - Organized to invest in, develop and/or
manage financial business ventures. Incorporated in
South Dakota. Headquartered in Dakota Dunes, South
Dakota.
TTP, Inc. of South Dakota - Organized to invest in, develop
and manage a cogeneration partnership. Incorporated in
South Dakota. Headquartered in Dakota Dunes, South
Dakota.
b. Less than 100% but Greater than 10% Owned by MidAmerican
Capital Company.
Diversified Electronics Ltd. - Organized to provide home
security services. Incorporated in Iowa. Headquartered
in Des Moines, Iowa.
Edge Technologies, Inc. - A joint venture organized in Iowa
to generate capital for the development and
commercialization of inventions. Incorporated in Iowa.
Headquartered in Ames, Iowa.
McLeodUSA, Inc. - Organized to provide fiber optic
telecommunications services. Incorporated in Delaware.
Headquartered in Cedar Rapids, Iowa.
Micro-Generation Technology Fund, LLC - Organized to invest
in entreprenerial ventures offering products and
services relating to micro-generation of electric
power. Organized in Delaware. Headquartered in Center
Harbor, New Hampshire.
Mycotech Corporation - Organized to produce fungal products
for biopesticide and bioremediation applications.
Incorporated in Delaware. Headquartered in Butte,
Montana.
Tenaska III Texas Partners - Organized in Texas to
construct, own and operate a cogeneration plant located
near Paris, Texas. Partnership formed in Texas.
Headquartered in Omaha, Nebraska.
Utech Venture Capital Corporation - Organized to invest in
venture capital. Incorporated in Delaware.
Headquartered in Wilmington, Delaware.
ii. Midwest Capital Group, Inc. (100% owned) - Organized as a holding
company for nonregulated business development subsidiaries.
Incorporated in Iowa. Headquartered in Des Moines, Iowa.
a. 100% Owned by Midwest Capital Group, Inc.
Dakota Dunes Development Company - Organized to invest in,
develop and/or manage real estate business ventures.
Incorporated in Iowa. Headquartered in Dakota Dunes,
South Dakota.
*Two Rivers Inc. - Organized to own and operate a golf
course facility. Incorporated in South Dakota.
Headquartered in Dakota Dunes, South Dakota.
-3-
<PAGE>
b. Less than 100% but Greater than 10% owned by Midwest Capital
Group, Inc.
Access Air Holdings, Inc. - Organized to own and operate a
commercial airline. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
Northgate Park Associates - Organized to develop and own an
office park. Partnership formed in Iowa. Headquartered
in Iowa City, Iowa.
iii. MidAmerican Realty Services Company (95% owned) - Organized as a
holding company for nonregulated real estate brokerage
operations. Incorporated in Iowa. Headquartered in West Des
Moines, Iowa.
a. 100% owned by MidAmerican Realty Services Company
CBS Home Real Estate Company - Organized to provide
residential real estate brokerage services.
Incorporated in Nebraska. Headquartered in Omaha,
Nebraska.
*Edina Corporate Services, Inc. - Organized as a third party
relocation company to provide services to companies
that relocate employees. Incorporated in Minnesota.
Headquartered in Edina, Minnesota.
Edina Financial Services, Inc. - Organized as a holding
company for the Edina Realty subsidiaries.
Incorporated in Minnesota. Headquartered in Edina,
Minnesota.
Edina Realty, Inc. - Organized to provide residential real
estate brokerage services. Incorporated in Minnesota.
Headquartered in Edina, Minnesota.
Edina Realty, Inc. (WI) - Organized to provide residential
real estate brokerage services. Incorporated in
Wisconsin. Headquartered in Hudson, Wisconsin.
Edina Realty Insurance Agency, Inc. - Organized to provide
property and casualty insurance agency services.
Incorporated in Minnesota. Headquartered in Edina,
Minnesota.
Edina Realty Mortgage, Inc. - Organized as a residential
mortgage brokerage company. Incorporated in Minnesota
Headquartered in Edina, Minnesota
Edina Realty Title, Inc. - Organized to provide title
search, abstracting, real estate escrow, and closing
services. Incorporated in Minnesota. Headquartered in
Edina, Minnesota.
-4-
<PAGE>
JC Nichols Residential Inc. - Organized to provide
residential real estate brokerage services.
Incorporated in Iowa. Headquartered in Overland Park,
Kansas.
JC Nichols Alliance, Inc. - Organized to manage real estate
brokerage franchises. Incorporated in Kansas.
Headquartered in Overland Park, Kansas.
Iowa Realty Co. Inc. - organized to provide residential real
estate brokerage services. Incorporated in Iowa.
Headquartered in West Des Moines, Iowa.
Iowa Realty Insurance Agency, Inc. - Organized to establish
third party contracts with insurance companies to
provide property insurance to residential real estate
customers. Incorporated in Iowa. Headquartered in West
Des Moines, Iowa.
First Realty, Ltd. - Organized to provide residential real
estate brokerage services. Incorporated in Iowa.
Headquartered in West Des Moines, Iowa.
Iowa Title Company - Organized to provide land title
abstracting services. Incorporated in Iowa.
Headquartered in Des Moines, Iowa.
Midland Escrow Services, Inc. - Organized to provide real
estate and mortgage closing and escrow services.
Incorporated in Iowa. Headquartered in West Des Moines,
Iowa.
MRT, Inc. - Organized to provide title and abstracting
services. Incorporated in Nebraska. Headquartered in
Omaha, Nebraska.
IMO Co., Inc. - Organized to provide residential real
estate brokerage services. Incorporated in Missouri.
Headquartered in Springfield, Missouri.
Plaza Financial Services, LLC - Organized as a holding
company for a mortgage brokerage subsidiary.
Organized in Kansas Headquartered in Prairie Village,
Kansas.
Plaza Mortgage Services, LLC - Organized to provide
residential mortgage brokerage services. Organized
in Kansas. Headquartered in Prairie Village, Kansas.
Real Estate Referral Network, Inc. - Organized to generate
real estate sales and listing referrals. Incorporated
in Nebraska. Headquartered in Omaha, Nebraska.
The Referral Company - Organized to generate real estate
sales through referrals from retired salespersons of
Iowa Realty Co., Inc.. Incorporated in Iowa.
Headquartered in West Des Moines, Iowa.
-5-
<PAGE>
Select Relocation Services, Inc. - Organized to provide real
estate relocation services. Incorporated in Nebraska.
Headquartered in Omaha, Nebraska.
a. Less than 100% but greater than 10% owned by MidAmerican
Realty Services Company
Edina Realty Mortgage, LLC - Organized to provide
residential mortgage brokerage services. Organized
in Delaware. Headquartered in Edina, Minnesota.
Home Real Estate Inc. (Nebraska) - Organized to provide
residential real estate brokerage services.
Incorporated in Nebraska. Headquartered in Lincoln,
Nebraska.
The Mortgage Group, LLC - Organized to provide
residential mortgage brokerage services. Organized in
Nebraska. Headquartered in Omaha, Nebraska.
*MidAmerican Home Services, LLC - Organized to provide
residential real estate brokerage services.
Organized in Iowa. Headquartered in West Des Moines,
Iowa.
Title Information Services, LLC - Organized to provide
computerized title information. Organized in
Minnesota. Headquartered in Minneapolis. Minnesota.
iv. *Quad Cities Energy Company (100% owned) - Organized to invest in
nonregulated generation facilities. Incorporated in Iowa.
Headquartered in Des Moines, Iowa.
D. Inactive Subsidiaries
---------------------
100% Owned
Midwest Gas Company - Incorporated in Iowa.
DCCO Inc. - Incorporated in Minnesota.
InterCoast Sierra Power Company - Incorporated in Delaware.
MidAmerican Energy Financing II - Organized as a statutory business
trust.
CHRS Inc. -Incorporated in Iowa.
Bettendorf Lock & Security Services, Inc. - Incorporated in Iowa.
Sutton Security, Inc. - Incorporated in Nebraska.
Pro-tech Alarm Systems and Services, Inc. -
Incorporated in Missouri.
CBS Brokerage Systems, Inc. - Incorporated in Nebraska
Leasing Associates, Inc. - Incorporated in Nebraska
* Two Rivers Inc., Edina Corporate Services, Inc.,
MidAmerican Home Services, LLC, and Quad Cities Energy Company
did not commence operations until 1999.
-6-
<PAGE>
2. A brief description of the properties of the claimant and each of its
subsidiary public utility companies.
A. MidAmerican Energy Holdings Company is a holding company which owns
electric and gas utility operations and various nonregulated
businesses. MidAmerican Energy Holdings Company owns no physical
utility property.
B. MidAmerican Energy Company ("MidAmerican" or "Company") is a regulated
public utility company, incorporated in the State of Iowa.
The Company's utility operations consist of four distinct business
units: generation, transmission, energy delivery and retail. The
Company is primarily engaged in the business of generating,
transmitting, distributing and selling electric energy and
distributing, selling and transporting natural gas. The Company owns
intrastate natural gas transmission lines that do not constitute a
material portion of the overall distribution system; as such these
lines are classified as distribution lines for accounting purposes.
The Company's utility service territory spans the State of Iowa,
serving most of its larger cities as well as areas of Illinois, South
Dakota, and Nebraska. MidAmerican provides electric service to 653,000
customers in Iowa, Illinois, and South Dakota and natural gas service
to 622,000 customers in Iowa, Illinois, South Dakota, and Nebraska.
i. ELECTRIC OPERATIONS:
MidAmerican's transmission lines, operating from 34,500 to
345,000 volts, totalled 4,206 circuit miles at December 31, 1998
(3,910 miles are located in Iowa). MidAmerican owned 277
distribution substations (243 are located in Iowa) and 55
transmission substations (50 in Iowa) at December 31, 1998.
MidAmerican owns or connects with electric transmission lines
which deliver electric energy at or near the Iowa state border at
the following interconnecting points:
1. 161 kv interconnection near Creston, Iowa with Western Area
Power Administration;
2. 161 kv interconnection near Clarinda, Iowa with St. Joseph
Light and Power Company;
3. 345 and 161 kv interconnections at Council Bluffs, Iowa with
Omaha Public Power District;
4. 345 and 161 kv interconnections at Sioux City, Iowa with
Omaha Public Power District;
5. 69 kv interconnection at Hamburg, Iowa with Associated
Electric Cooperative, Inc.;
6. 345 kv interconnections near Hills, Iowa and near Haskins,
Iowa with Union Electric Company;
-7-
<PAGE>
7. 345 kv interconnection at Sioux City, Iowa with Nebraska
Public Power District;
8. 345 kv interconnection at Cooper Nuclear Station near
Brownville, Nebraska, with Nebraska Public Power District;
9. 345 kv interconnection near Lakefield Junction, Minnesota,
with Interstate Power Company;
10. 345 and 161 kv interconnections near Sioux City, Iowa with
Western Area Power Administration;
11. 345 kv interconnection at Quad-Cities Station near Cordova,
Illinois, with Commonwealth Edison Company and Interstate
Power Company;
12. 161 kv interconnection near Galesburg, Illinois, with
Illinois Power Company; and
13. 161 kv interconnection near Camanche, Iowa, with Interstate
Power Company.
MidAmerican owns or connects with the following transmission
lines at or near the Iowa state border in order to serve its
electric customers:
1. two 69 kv transmission lines near McCook Lake, South Dakota;
2. one 69 kv transmission line near Alcester, South Dakota;
3. one 161 kv transmission line near Rock Island, Illinois;
4. one 161 kv transmission line in East Moline, Illinois;
5. one 69 kv transmission line in or near Port Bryan and
Cordova, Illinois;
6. two 69 kv transmission lines in East Moline, Illinois;
7. two 69 kv transmission lines in Moline, Illinois; and
8. one 69 kv transmission line in Rock Island, Illinois.
-8-
<PAGE>
Electric generating facilities at December 31, 1998 consisted of
the following. The net accredited generating capacity, along with
the participation purchases and sales, net, and firm purchases
and sales, net, are shown for the summer 1998 accreditation.
Accredited
Percent Generating
Plant Ownership Fuel Capability (MW)
--------------------------------- --------- ---- --------------
Steam Electric Generating Plants:
Iowa
George Neal Station
Unit No. 1 100.0 Coal 135
Unit No. 2 100.0 Coal 300
Unit No. 3 (jointly owned) 72.0 Coal 371
Unit No. 4 (jointly owned) 41.0 Coal 253
Ottumwa Unit (jointly owned) 52.0 Coal 372
Louisa Unit (jointly owned) 88.0 Coal 616
Council Bluffs Energy Center
Unit No. 1 100.0 Coal 43
Unit No. 2 100.0 Coal 88
Unit No. 3 (jointly owned) 79.0 Coal 534
Riverside Station
Unit No. 3 100.0 Coal 5
Unit No. 5 100.0 Coal 130
-----
Total Steam Electric Generating Units 2,847
-----
Combustion Turbines:
Iowa
Parr-2 units 100.0 Gas or Oil 32
Electrifarm-3 units 100.0 Gas or Oil 191
River Hills Energy Center-8 units 100.0 Gas or Oil 116
Sycamore Energy Center-2 units 100.0 Gas or Oil 149
Pleasant Hill-3 units 100.0 Oil 148
Coralville-1 unit 100.0 Gas or Oil 64
Illinois
Moline-4 units 100.0 Gas or Oil 64
-----
Total Combustion Turbine 764
-----
-9-
<PAGE>
Accredited
Percent Generating
Plant Ownership Fuel Capability (MW)
------------------------------ --------- ------ --------------
Nuclear:
Illinois
Quad-Cities Station
Unit No. 1 (jointly owned) 25.0 Nuclear 192
Unit No. 2 (jointly owned) 25.0 Nuclear 190
Nebraska
Cooper Station (Note 1) 50.0 Nuclear 385
-----
Total Nuclear 767
-----
Hydro:
Illinois
Moline - 4 units 100.0 Water 3
-----
Total Hydro 3
-----
Net Accredited Generating Capability 4,381
Participation Purchases and Sales, Net 44
------
Total Net Accredited Generating Capability 4,425
------
Firm Purchases and Sales, Net (50)
======
Adjusted Net Accredited Generating Capability 4,375
======
(1) Cooper Nuclear Station is owned by Nebraska Public Power District and the
amount shown is MidAmerican's entitlement (50 percent) of Cooper's
accredited capability under a power purchase agreement extending to the
year 2004.
ii. GAS OPERATIONS
MidAmerican serves customers in Iowa, Illinois, South Dakota, and
Nebraska. MidAmerican is responsible for the procurement,
transportation, storage and distribution of natural gas. Natural gas
is procured from various suppliers and transported by Northern Natural
Gas Co., Natural Gas Pipline Co. of America, Northern Border Pipeline
Company and ANR Pipeline Co. to the Company's service territory. The
gas is stored in various storage facilities to manage fluctuation in
system demand and seasonal pricing. MidAmerican's highest peak-day
delivery was 1,143,026 MMBtus on February 2, 1996.
Natural gas is distributed through 19,426 miles of distribution mains
and services of which 15,169 miles are located in Iowa, 2,036 miles in
Illinois, 2,075 miles in South Dakota and 146 miles in Nebraska.
-10-
<PAGE>
Other natural gas property owned includes: three liquefied natural gas
plants located in Bettendorf, Iowa, Waterloo, Iowa, and Des Moines,
Iowa with 109,600 MMBtu maximum daily delivery capacity and two
propane-air gas peak shaving plants located in Sioux City, Iowa and
Des Moines, Iowa, with a total maximum daily delivery capacity of
59,000 MMBtu.
3. The following information, along with additional data, provides the
electric and natural gas data for MidAmerican for the year ended
December 31, 1998.
a. (1) Number of kWh of electric energy sold (at retail or
wholesale):
Retail 16,088,557,000
Sales for Resale 6,185,653,000
(2) Number of MMBtu of natural gas
distributed (at retail): 81,985,000
b. (1) Number of kWh of electric energy distributed at retail
outside of the state of incorporation:
South Dakota 111,676,000
Illinois 1,750,359,000
(2) Number of MMBtu of natural gas distributed at retail outside
of the state of incorporation:
Illinois 8,362,000
South Dakota 8,302,000
Nebraska 577,000
c. (1) Number of kWh of electric energy sold at wholesale outside of
the state of incorporation, or at the state line: None
The number of kWh of electric energy sold at wholesale outside of
the state of incorporation, or at the state line, excludes the
following sales for resale transactions originating within the
State of Iowa to purchasers outside the state: 5,264,852,000.
(2) Number of MMBtu of natural gas sold at wholesale outside of
the state of incorporation, or at the state line: None
d. (1) Number of kWh of electric energy purchased outside of the
state of incorporation, or at the state line:
Nebraska 3,493,769,000
South Dakota 214,392,000
Minnesota 133,656,000
Illinois 126,244,000
Missouri 114,570,000
Canada 73,171,000
Kansas 60,874,000
Alabama 59,234,000
North Dakota 32,209,000
Texas 15,608,000
Other States 9,993,000
-11-
<PAGE>
(2) Number of MMBtu of natural gas purchased outside of the
state of incorporation, or at the state line:
Minnesota 18,133,000
Kansas 15,346,000
Texas 8,205,000
Louisiana 4,178,000
New Mexico 485,000
Illinois 365,000
Nebraska 341,000
e. Additional Data:
(1) Electric operating revenues (000):
Iowa 88.6% $1,036,949
Outside of Iowa 11.4% $132,861
Total 100.0% $1,169,810
(2) Natural gas operating revenues (000):
Iowa 80.0% $342,924
Outside of Iowa 20.0% $86,946
Total 100.0% $429,870
(3) Total average electric customers:
Iowa 86.5% 562,502
Outside of Iowa 13.5% 87,616
Total 100.0% 650,118
(4) Total average natural gas customers:
Iowa 78.6% 487,008
Outside of Iowa 21.4% 132,686
Total 100.0% 619,694
(5) Net utility plant- electric (000):
Iowa 88.3% $1,912,902
Outside of Iowa 11.7% $254,736
Total 100.0% $2,167,638
(6) Net utility plant- gas (000):
Iowa 80.0% $379,225
Outside of Iowa 20.0% $94,782
Total 100.0% $474,007
-12-
<PAGE>
4. The following information for the reporting period with respect to claimant
and each interest it holds directly or indirectly in an EWG or a foreign
utility company.
a. Name, location, business address and description of the
facilities used by the EWG or foreign utility company: None
b. Name of each system company that holds an interest in such EWG or
foreign utility company: None
c. Type and amount of capital invested, directly or indirectly, or
any direct or indirect guarantee of the security of the EWG or
foreign utility company by the holding company claiming
exemption; and any debt or other financial obligation for which
there is recourse, directly or indirectly, to the holding company
claiming exemption or another system company, other than the EWG
or foreign utility company: None
d. Capitalization and earnings of the EWG or foreign utility company
during the reporting period: None
e. Identify any service, sales or construction contracts between the
EWG or foreign utility company and a system company: None
-13-
<PAGE>
Exhibit A
Exhibit A, pages 1 through 33 (see attached), shows consolidating
statements of income and retained earnings of the claimant and its subsidiary
companies for the year ended December 31, 1998, together with consolidating
balance sheets of the claimant and its subsidiary companies as of December 31,
1998.
Exhibit B
A consolidated financial data schedule will accompany the filed version of
this draft form when filed with the Commission via EDGAR.
Exhibit C
Not Applicable.
The above named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 26th day of February, 1999.
MidAmerican Energy Holdings Company
By /s/ A. L. Wells
-----------------------------------
A. L. Wells, Senior Vice President
and Chief Financial Officer
Attest:
/s/ P. J. Leighton
- ---------------------------------------
P. J. Leighton, Vice President and
Corporate Secretary
All notices and correspondence concerning this statement should be addressed to:
P.J. Leighton
Vice President and Corporate Secretary
MidAmerican Energy Holdings Company
P.O. Box 657
Des Moines, IA 50303-0657
-14-
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from the
consolidating balance sheet of MidAmerican Energy Holdings Company as of
December 31, 1998, and the related consolidating statements of income for
the twelve months ended December 31, 1998 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,333,933
<TOTAL-OPERATING-REVENUES> 1,940,150
<NET-INCOME> 131,318
</TABLE>
Exhibit A
Page 1 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(in thousands)
<TABLE>
<CAPTION>
Consolidated Consolidated Consolidated Consolidated Consolidated
MidAmerican MidAmerican MidAmerican Midwest MidAmerican MidAmerican
Energy Energy Energy Capital Capital Realty
Holdings Holdings Company Group Inc. Company Services
Company Eliminations Company (page 2) (page 3) (pages 4-7) (pages 8-11)
------------ ------------ ----------- ----------- ---------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues $1,940,150 $ (32,760) $ - $ 1,707,189 $ 1,092 $ 100,404 $ 164,225
Operating Expenses 1,659,934 (32,760) - 1,426,269 3,907 107,096 155,422
---------- ---------- ---------- ----------- ---------- ---------- ----------
Operating Income (Loss) 280,216 - - 280,920 (2,815) (6,692) 8,803
Other Income (Expense) 36,189 (6,937) (4,243) (361) 3,800 43,336 594
Income (Loss) From Subsidiaries - (140,272) 140,272 - - - -
Fixed Charges 105,074 (2,007) - 93,876 96 11,181 1,928
---------- ---------- ---------- ----------- ---------- ---------- ----------
Income (Loss) Before Taxes 211,331 (145,202) 136,029 186,683 889 25,463 7,469
Income Tax Expense (Benefit) 80,013 - - 76,042 572 313 3,086
---------- ---------- ---------- ----------- ---------- ---------- ----------
Net Income (Loss) $ 131,318 $ (145,202) $ 136,029 $ 110,641 $ 317 $ 25,150 $ 4,383
========== ========== ========== =========== ========== ========== ==========
</TABLE>
<PAGE>
Exhibit A
Page 2 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company (a) Railway Financing I
------------ ------------ ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Operating Revenues $ 1,707,189 $ - $ 1,705,077 $ 2,112 $ -
Operating Expenses 1,426,269 - 1,425,778 491 -
----------- ----------- ----------- ----------- -----------
Operating Income (Loss) 280,920 - 279,299 1,621 -
Other Income (Expense) (361) (8,999) 411 - 8,227
Income (Loss) From Subsidiaries - (692) 692 - -
Fixed Charges 93,876 (8,999) 93,974 921 7,980
----------- ----------- ----------- ----------- -----------
Income (Loss) Before Taxes 186,683 (692) 186,428 700 247
Income Tax Expense (Benefit) 76,042 - 75,787 255 -
----------- ----------- ----------- ----------- -----------
Net Income (Loss) $ 110,641 $ (692) $ 110,641 $ 445 $ 247
=========== =========== =========== =========== ===========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 3 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated Midwest Dakota
Midwest Capital Dunes
Capital Group Development
Group Inc. Eliminations Inc. (a) Company
---------- ------------ ---------- -----------
<S> <C> <C> <C> <C>
Operating Revenues $ 1,092 $ - $ 58 $ 1,034
Operating Expenses 3,907 - 833 3,074
---------- ---------- ---------- ----------
Operating Income (Loss) (2,815) - (775) (2,040)
Other Income (Expense) 3,800 (1,566) 5,253 113
Income (Loss) From Subsidiaries - 2,099 (2,099) -
Fixed Charges 96 (1,566) 56 1,606
---------- ---------- ---------- ----------
Income (Loss) Before Taxes 889 2,099 2,323 (3,533)
Income Tax Expense (Benefit) 572 - 2,006 (1,434)
---------- ---------- ---------- ----------
Net Income (Loss) $ 317 $ 2,099 $ 317 $ (2,099)
========== ========== ========== ==========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 4 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican InterCoast InterCoast
Capital Capital Capital Power
Company Eliminations Company Company Company IWG Co. 8
----------- ------------ ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 100,404 $ (26,365) $ - $ - $ - $ -
Operating Expenses 107,096 (26,365) 3,263 698 11 76
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) (6,692) - (3,263) (698) (11) (76)
Other Income (Expense) 43,336 - 9,191 8,811 - 841
Income (Loss) From Subsidiaries - (25,322) 25,322 - - -
Fixed Charges 11,181 - 10,722 - - -
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) Before Taxes 25,463 (25,322) 20,528 8,113 (11) 765
Income Tax Expense (Benefit) 313 - (4,622) (132) (4,413) 322
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) $ 25,150 $ (25,322) $ 25,150 $ 8,245 $ 4,402 $ 443
========== ========== ========== ========== ========== ==========
</TABLE>
<PAGE>
Exhibit A
Page 5 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
InterCoast InterCoast InterCoast InterCoast Diversified
Sierra Power Global Trade & Electronics,
Power Marketing Management Resources Ltd.
----------- ----------- ----------- ----------- ------------
<S> <C> <C> <C> <C> <C>
Operating Revenues $ - $ 24 $ - $ 47,666 $ 13,396
Operating Expenses 12 (19) 9 48,465 13,851
----------- ----------- ----------- ----------- -----------
Operating Income (Loss) (12) 43 (9) (799) (455)
Other Income (Expense) 1,435 - 17 18 (112)
Income (Loss) From Subsidiaries - - - - -
Fixed Charges 3 - - - 9
----------- ----------- ----------- ----------- -----------
Income (Loss) Before Taxes 1,420 43 8 (781) (576)
Income Tax Expense (Benefit) 755 8 (1,568) (367) (212)
----------- ----------- ----------- ----------- -----------
Net Income (Loss) $ 665 $ 35 $ 1,576 $ (414) $ (364)
=========== =========== =========== =========== ===========
</TABLE>
<PAGE>
Exhibit A
Page 6 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
MHC (a) A/C Cimmred MWR
Investment Security Amgas, Leasing DCCO Capital
Co. Systems, Inc. Inc. Company Inc. Inc.
---------- ------------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ - $ 3,689 $ 59,845 $ - $ - $ -
Operating Expenses 269 4,302 61,022 354 15 4
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) (269) (613) (1,177) (354) (15) (4)
Other Income (Expense) 16,798 - (7) 606 1,036 -
Income (Loss) From Subsidiaries - - - - - -
Fixed Charges - 1 - 576 - (131)
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) Before Taxes 16,529 (614) (1,184) (324) 1,021 127
Income Tax Expense (Benefit) 5,290 (185) (543) 2,033 420 (449)
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) $ 11,239 $ (429) $ (641) $ (2,357) $ 601 $ 576
========== ========== ========== ========== ========== ==========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 7 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
TTP, Inc. InterCoast MidAmerican MidAmerican
of South MidAmerican Energy Services Security
Dakota (a) Rail Co. CHRS, Inc. Company Company Company
---------- ----------- ---------- ---------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ - $ 2,149 $ - $ - $ - $ -
Operating Expenses 39 531 11 132 - 416
---------- ---------- ---------- ---------- ---------- ----------
Operating Income (Loss) (39) 1,618 (11) (132) - (416)
Other Income (Expense) 1,987 2,572 - 263 - (120)
Income (Loss) From Subsidiaries - - - - - -
Fixed Charges (3) - - 4 - -
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) Before Taxes 1,951 4,190 (11) 127 - (536)
Income Tax Expense (Benefit) 741 1,887 (45) 1,577 - (184)
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) $ 1,210 $ 2,303 $ 34 $ (1,450) $ - $ (352)
========== ========== ========== ========== ========== ==========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 8 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(in thousands)
<TABLE>
<CAPTION>
Consolidated MidAmerican
MidAmerican Realty Iowa First Midland
Realty Services Services Realty Realty, Escrow
Company Eliminations Company Inc. Ltd. Services Inc.
--------------- ------------ ----------- ---------- ------- -------------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 164,225 $ (30) $ - $ 35,886 $ 8,452 $ 910
Operating Expenses 155,422 (30) 779 32,441 7,469 702
---------- ---------- ---------- ---------- ------- ----------
Operating Income (Loss) 8,803 - (779) 3,445 983 208
Other Income (Expense) 594 (275) 64 221 2 -
Income (Loss) From Subsidiaries - (6,159) 6,159 - - -
Fixed Charges 1,928 (275) 2,251 (317) - -
---------- ---------- ---------- ---------- ------- ----------
Income (Loss) Before Taxes 7,469 (6,159) 3,193 3,983 985 208
Income Tax Expense (Benefit) 3,086 - (1,190) 1,599 412 82
---------- ---------- ---------- ---------- ------- ----------
Net Income (Loss) $ 4,383 $ (6,159) $ 4,383 $ 2,384 $ 573 $ 126
========== ========== ========== ========== ======= ==========
</TABLE>
<PAGE>
Exhibit A
Page 9 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(in thousands)
<TABLE>
<CAPTION>
Iowa Realty Edina (a)
IMO Co., The Referral Insurance Iowa Financial Edina (a)
Inc. Company Agency, Inc. Title Co. Services Inc. Realty, Inc.
---------- ----------- ------------ ----------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 6,549 $ 34 $ 213 $ 3,091 $ 845 $ 67,883
Operating Expenses 7,279 16 145 2,288 464 65,163
---------- ---------- ---------- ---------- -------- ----------
Operating Income (Loss) (730) 18 68 803 381 2,720
Other Income (Expense) 7 1 2 47 21 158
Income (Loss) From Subsidiaries - - - - - -
Fixed Charges 1 - - - 246 -
---------- ---------- ---------- ---------- ---------- ----------
Income (Loss) Before Taxes (724) 19 70 850 156 2,878
Income Tax Expense (Benefit) (301) 8 27 347 75 1,185
---------- ---------- ---------- ---------- ---------- ----------
Net Income (Loss) $ (423) $ 11 $ 43 $ 503 $ 81 $ 1,693
========== ========== ========== ========== ========== ==========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 10 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(in thousands)
<TABLE>
<CAPTION>
CBS Home
Edina(a) Edina Real JC Nichols Plaza
Realty Realty Estate Residential, Mortgage
Title, Inc. Mortgage Inc. Company (a) MRT, Inc. Inc. Services, LLC
---------- ------------- ----------- ------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 11,327 $ (484) $ 15,711 $ 87 $ 13,030 $ 634
Operating Expenses 9,272 87 15,424 39 13,150 652
--------- --------- --------- --------- --------- ---------
Operating Income (Loss) 2,055 (571) 287 48 (120) (18)
Other Income (Expense) 252 - 47 1 46 -
Income (Loss) From Subsidiaries - - - - - -
Fixed Charges - - - - 14 8
--------- --------- --------- --------- --------- ---------
Income (Loss) Before Taxes 2,307 (571) 334 49 (88) (26)
Income Tax Expense (Benefit) 928 (238) 155 20 (28) 3
--------- --------- --------- --------- --------- ---------
Net Income (Loss) $ 1,379 $ (333) $ 179 $ 29 $ (60) $ (29)
========= ========= ========= ========= ========= =========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 11 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(in thousands)
JC Nichols
Alliance, Inc.
----------------
Operating Revenues $ 87
Operating Expenses 82
----------------
Operating Income (Loss) 5
Other Income (Expense) -
Income (Loss) From Subsidiaries -
Fixed Charges -
----------------
Income (Loss) Before Taxes 5
Income Tax Expense (Benefit) 2
----------------
Net Income (Loss) $ 3
================
<PAGE>
Exhibit A
Page 12 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated Consolidated Consolidated Consolidated Consolidated
MidAmerican MidAmerican MidAmerican Midwest MidAmerican MidAmerican
Energy Energy Energy Capital Capital Realty
Holdings Holdings Company Group Inc. Company Services
Company Eliminations Company (page 13) (page 14) (pages 15-18) (pages 19-22)
----------- ------------ ----------- ------------ ------------ ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings,
Beginning of Year $ 409,296 $(432,815) $ 409,296 $ 425,181 $ (29,032) $ 36,666 $ -
Net Income 131,318 (145,202) 136,029 110,641 317 25,150 4,383
Cash Dividends Declared 113,144 (143,200) 113,669 124,200 - 18,475 -
Loss on Repurchase of Common Shares 72,470 (4,186) 76,656 - - - -
--------- --------- --------- --------- --------- --------- --------
Retained Earnings, End of Year $ 355,000 $(430,631) $ 355,000 $ 411,622 $ (28,715) $ 43,341 $ 4,383
========= ========= ========= ========= ========= ========= ========
</TABLE>
<PAGE>
Exhibit A
Page 13 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company (a) Railway Financing I
------------ ------------ ----------- ------- -----------
<S> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 425,181 $ (76) $ 425,181 $ 76 $ -
Net Income 110,641 (692) 110,641 445 247
Cash Dividends Declared 124,200 (247) 124,200 - 247
Loss on Repurchase of Common Shares - - - - -
--------- ------- --------- ------ -----
Retained Earnings, End of Year $ 411,622 $ (521) $ 411,622 $ 521 $ -
========= ======= ========= ====== =====
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 14 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated Midwest Dakota
Midwest Capital Dunes
Capital Group Development
Group Inc. Eliminations Inc. (a) Company
------------- ------------ -------- -----------
<S> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (29,032) $ 9,143 $(29,019) $ (9,156)
Net Income 317 2,099 317 (2,099)
Cash Dividends Declared - - - -
Loss on Repurchase of Common Shares - - - -
----------- -------- -------- ---------
Retained Earnings, End of Year $ (28,715) $ 11,242 $(28,702) $ (11,255)
=========== ======== ======== =========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 15 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican InterCoast
Capital Capital InterCoast Power
Company Eliminations Company Capital Co. Company IWG Co. 8
------------ ------------ ----------- ---------- ---------- -----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 36,666 $(144,345) $ 36,666 $ 128,012 $ (5,433) $ (9,503)
Net Income 25,150 (25,322) 25,150 8,245 4,402 443
Cash Dividends Declared 18,475 - 18,475 - - -
Loss on Repurchase of Common Shares - - - - - -
--------- --------- --------- --------- -------- ---------
Retained Earnings, End of Year $ 43,341 $(169,667) $ 43,341 $ 136,257 $ (1,031) $ (9,060)
========= ========= ========= ========= ======== =========
</TABLE>
<PAGE>
Exhibit A
Page 16 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
InterCoast InterCoast InterCoast InterCoast Diversified
Sierra Power Global Trade & Electronics,
Power Marketing Management Resources Ltd.
---------- ---------- ---------- ---------- ------------
<S> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (50) $ (1,342) $ 2,930 $ (1,403) $ 1,193
Net Income 665 35 1,576 (414) (364)
Cash Dividends Declared - - - - -
Loss on Repurchase of Common Shares - - - - -
----- -------- ------- -------- -----------
Retained Earnings, End of Year $ 615 $ (1,307) $ 4,506 $ (1,817) $ 829
===== ======== ======= ======== ===========
</TABLE>
<PAGE>
Exhibit A
Page 17 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
A/C Cimmred MWR
MHC (a) Security Leasing DCCO Capital
Investment Co. Systems, Inc. Amgas, Inc. Company Inc. Inc.
-------------- ------------- ----------- --------- ----- -------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $(11,772) $ 209 $ (6,174) $ 19,053 $100 $5,607
Net Income 11,239 (429) (641) (2,357) 601 576
Cash Dividends Declared - - - - - -
Loss on Repurchase of Common Shares - - - - - -
-------- -------- -------- -------- ---- ------
Retained Earnings, End of Year $ (533) $ (220) $ (6,815) $ 16,696 $701 $6,183
======== ======== ======== ======== ==== ======
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 18 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
TTP, Inc. InterCoast MidAmerican MidAmerican
of South MidAmerican Energy Services Security
Dakota (a) Rail Co. CHRS, Inc. Company Company Company
---------- ----------- ---------- ---------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 1,953 $ 10,898 $ 2,719 $ 7,348 $ - $ -
Net Income 1,210 2,303 34 (1,450) - (352)
Cash Dividends Declared - - - - - -
Loss on Repurchase of Common Shares - - - - - -
--------- --------- --------- --------- ------- ------
Retained Earnings, End of Year $ 3,163 $ 13,201 $ 2,753 $ 5,898 $ - $ (352)
========= ========= ========= ========= ======= =======
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 19 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican Iowa First Midland
Realty Services Realty Services Realty Realty, Escrow
Company Eliminations Company Co., Inc. Ltd. Services, Inc.
--------------- ------------ --------------- ---------- ------- -------------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ - $ - $ - $ - $ - $ -
Net Income 4,383 (6,159) 4,383 2,384 573 126
Cash Dividends Declared - - - - - -
Loss on Repurchase of Common Shares - - - - - -
--------- --------- --------- --------- ------- -------
Retained Earnings, End of Year $ 4,383 $ (6,159) $ 4,383 $ 2,384 $ 573 $ 126
========= ========= ========= ========= ======= =======
</TABLE>
<PAGE>
Exhibit A
Page 20 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
The Iowa Realty Edina (a)
IMO Co., Referral Insurance Iowa Financial Edina (a)
Inc. Company Agency, Inc. Title Co. Services, Inc. Realty, Inc.
-------- ---------- ------------ --------- ------------- -----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ - $ - $ - $ - $ - $ -
Net Income (423) 11 43 503 81 1,693
Cash Dividends Declared - - - - - -
Loss on Repurchase of Common Shares - - - - - -
----- ------ ------ ----- ----- -------
Retained Earnings, End of Year $(423) $ 11 $ 43 $ 503 $ 81 $ 1,693
===== ====== ====== ===== ===== =======
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 21 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Edina Edina CBS Home JC Nichols Plaza
Realty Title, Realty Real Estate Residential, Mortgage
Inc. (a) Mortgage Inc. Company (a) MRT, Inc. Inc. Services, LLC
------------- ------------- ----------- --------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ - $ - $ - $ - $ - $ -
Net Income 1,379 (333) 179 29 (60) (29)
Cash Dividends Declared - - - - - -
Loss on Repurchase of Common Shares - - - - - -
------- ------ ------ ----- ------ ------
Retained Earnings, End of Year $ 1,379 $ (333) $ 179 $ 29 $ (60) $ (29)
======= ====== ====== ===== ====== ======
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
PAGE 22 OF 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1998
(IN THOUSANDS)
JC Nichols
Alliance, Inc.
-------------
Retained Earnings, Beginning of Year $ -
Net Income 3
Cash Dividends Declared -
Loss on Repurchase of Common Shares -
--------
Retained Earnings, End of Year $ 3
========
<PAGE>
Exhibit A
Page 23 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated Consolidated Consolidated Consolidated Consolidated
MidAmerican MidAmerican MidAmerican Midwest MidAmerican MidAmerican
Energy Energy Energy Capital Capital Realty
Holdings Holdings Company Group Inc. Company Services
Company Eliminations Company (page 24) (page 25) (pages 26-29) (pages 30-33)
----------- ------------ ----------- ------------- ------------ ------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ 5,067,595 $ (3,004) $ - $5,070,599 $ - $ - $ -
Less: Accumulated Utility
Depreciation 2,426,563 (2,391) - 2,428,954 - - -
----------- ---------- ---------- ---------- ------- -------- --------
Net Utility Plant 2,641,032 (613) - 2,641,645 - - -
----------- ---------- ---------- ---------- ------- -------- --------
Investment in Subsidiaries - (1,390,218) 1,390,218 - - - -
Other Property and Investments 777,543 (5,016) - 183,279 48,395 535,402 15,483
Power Purchase Contract 150,401 - - 150,401 - - -
Current Assets 361,593 (109,621) 9,328 299,005 14,155 109,671 39,055
Other Assets 403,364 - 12,113 311,200 141 357 79,553
----------- ----------- ---------- ---------- ------- -------- --------
Total Assets $ 4,333,933 $(1,505,468) $1,411,659 $3,585,530 $62,691 $645,430 $134,091
=========== =========== ========== ========== ======= ======== ========
Common Shareholders' Equity $ 1,200,950 $(1,391,963) $1,200,950 $ 972,278 $52,746 $323,032 $ 43,907
Preferred Shares, not subject
to mandatory redemption 31,759 - - 31,759 - - -
Preferred Shares, subject
to mandatory redemption(b) 150,000 - - 150,000 - - -
Long-Term Debt
(excluding current portion) 976,506 (5,629) - 870,069 5,016 70,098 36,952
------------ ----------- ---------- ---------- ------- -------- --------
Total Capitalization 2,359,215 (1,397,592) 1,200,950 2,024,106 57,762 393,130 80,859
------------ ----------- ---------- ---------- ------- -------- --------
Power Purchase Contract 68,093 - - 68,093 - - -
Current Liabilities 853,653 (109,621) 210,174 596,582 (375) 105,037 51,856
Other Liabilities 1,052,972 1,745 535 896,749 5,304 147,263 1,376
----------- ----------- ---------- ---------- ------- --------- --------
Total Liabilities
and Capitalization $ 4,333,933 $(1,505,468) $1,411,659 $3,585,530 $62,691 $645,430 $134,091
=========== =========== ========== ========== ======= ========= ========
</TABLE>
(b) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
<PAGE>
Exhibit A
Page 24 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company (a) Railway Financing I
------------ ------------ ----------- ---------- -----------
<S> <C> <C> <C> <C> <C>
Gross Utility Plant $5,070,599 $ - $5,070,599 $ - $ -
Less: Accumulated Utility Depreciation 2,428,954 - 2,428,954 - -
---------- ---------- ---------- ---------- ----------
Net Utility Plant 2,641,645 - 2,641,645 - -
---------- ---------- ---------- ---------- ----------
Investment in Subsidiaries - (5,841) 5,841 - -
Other Property and Investments 183,279 (103,090) 171,717 11,562 103,090
Power Purchase Contract 150,401 - 150,401 - -
Current Assets 299,005 (8,441) 307,335 111 -
Other Assets 311,200 - 311,200 - -
---------- ---------- ---------- ---------- ----------
Total Assets $3,585,530 $ (117,372) $3,588,139 $ 11,673 $ 103,090
========== ========== ========== ========== ==========
Common Shareholder's Equity $ 972,278 $ (5,841) $ 972,278 $ 2,751 $ 3,090
Preferred Shares, not subject
to mandatory redemption 31,759 - 31,759 - -
Preferred Shares, subject
to mandatory redemption (b) 150,000 - 50,000 - 100,000
Long-Term Debt (excluding current portion) 870,069 (103,090) 973,159 - -
---------- ---------- ---------- ---------- ----------
Total Capitalization 2,024,106 (108,931) 2,027,196 2,751 103,090
---------- ---------- ---------- ---------- ----------
Power Purchase Contract 68,093 - 68,093 - -
Current Liabilities 596,582 (8,441) 596,739 8,284 -
Other Liabilities 896,749 - 896,111 638 -
---------- ---------- ---------- ---------- ----------
Total Liabilities and Capitalization $3,585,530 $ (117,372) $3,588,139 $ 11,673 $ 103,090
========== ========== ========== ========== ==========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted
for in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA,
Inc., Mycotech, Utech Venture Capital Corporation, and
Micro-Generation Technology Fund, LLC are accounted for in MHC
Investment Inc.; Tenaska III Texas Partners is accounted for in TTP,
Inc. of South Dakota; Select Relocation Services Inc., Real Estate
Referral Network, Inc., The Mortgage Group, LLC and Home Real Estate
Inc. (Nebraska) are accounted for in CBS Home Real Estate Company;
MidAmerican Energy Funding Corporation is accounted for in MidAmerican
Energy Company; Edina Realty, Inc. (WI) is accounted for in Edina
Realty, Inc.; Edina Realty Mortgage, LLC is accounted for in Edina
Financial Services, Inc.; Title Information Services, LLC is accounted
for in Edina Realty Title, Inc.
(b) Includes MidAmerican-obligated mandatorily redeemable preferred
securities of subsidiary trust holding solely MidAmerican junior
subordinated debentures.
<PAGE>
Exhibit A
Page 25 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
Midwest Midwest Dakota Dunes
Capital Capital Group Development
Group Inc. Eliminations Inc. (a) Company
------------ ------------ ------------- -------------
<S> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - -
--------- --------- --------- ---------
Net Utility Plant - - - -
--------- --------- --------- ---------
Investment in Subsidiaries - (10,279) 10,279 -
Other Property and Investments 48,395 (22) 5,458 42,959
Power Purchase Contract - - - -
Current Assets 14,155 (28,724) 42,684 195
Other Assets 141 - - 141
--------- --------- --------- ---------
Total Assets $ 62,691 $ (39,025) $ 58,421 $ 43,295
========= ========= ========= =========
Common Shareholder's Equity $ 52,746 $ (10,292) $ 52,759 $ 10,279
Preferred Shares, not subject to mandatory redemption - - - -
Preferred Shares, subject to mandatory redemption - - - -
Long-Term Debt (excluding current portion) 5,016 - 5,016 -
--------- --------- --------- ---------
Total Capitalization 57,762 (10,292) 57,775 10,279
--------- --------- --------- ---------
Power Purchase Contract - - - -
Current Liabilities (375) (28,733) (192) 28,550
Other Liabilities 5,304 - 838 4,466
--------- --------- --------- ---------
Total Liabilities and Capitalization $ 62,691 $ (39,025) $ 58,421 $ 43,295
========= ========= ========= =========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 26 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican InterCoast
Capital Capital InterCoast Power
Company Eliminations Company Capital Co. Company IWG Co. 8
------------ ------------ ----------- ----------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
--------- --------- --------- --------- --------- ---------
Net Utility Plant - - - - - -
--------- --------- --------- --------- --------- ---------
Investment in Subsidiaries - (388,734) 388,734 - - -
Other Property and Investments 535,402 - 1,108 154,628 8,694 -
Power Purchase Contract - - - - - -
Current Assets 109,671 (121,522) 141,499 867 2 -
Other Assets 357 - 202 - - -
--------- --------- --------- --------- --------- ---------
Total Assets $ 645,430 $(510,256) $ 531,543 $ 155,495 $ 8,696 $ -
========= ========= ========= ========= ========= =========
Common Shareholder's Equity $ 323,032 $(388,734) $ 323,032 $ 152,049 $ 240 $ 7,573
Preferred Shares, not subject
to mandatory redemption - - - - - -
Preferred Shares, subject
to mandatory redemption - - - - - -
Long-Term Debt (excluding current portion) 70,098 - 70,000 - - -
--------- --------- --------- --------- --------- ---------
Total Capitalization 393,130 (388,734) 393,032 152,049 240 7,573
--------- --------- --------- --------- --------- ---------
Power Purchase Contract - - - - - -
Current Liabilities 105,037 (121,522) 141,864 1,511 1,243 (3,152)
Other Liabilities 147,263 - (3,353) 1,935 7,213 (4,421)
--------- --------- --------- --------- --------- ---------
Total Liabilities and Capitalization $ 645,430 $(510,256) $ 531,543 $ 155,495 $ 8,696 $ -
========= ========= ========= ========= ========= =========
</TABLE>
<PAGE>
Exhibit A
Page 27 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
InterCoast
InterCoast InterCoast InterCoast InterCoast Diversified
Sierra Power Global Trade & Electronics,
Power Marketing Management Resources Ltd.
--------- ---------- ---------- --------- ------------
<S> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - -
--------- --------- --------- --------- ---------
Net Utility Plant - - - - -
--------- --------- --------- --------- ---------
Investment in Subsidiaries - - - - -
Other Property and Investments - - 8,010 130 1,558
Power Purchase Contract - - - - -
Current Assets 1,682 - 5 136 3,854
Other Assets - - - - 73
--------- --------- --------- --------- ---------
Total Assets $ 1,682 $ - $ 8,015 $ 266 $ 5,485
========= ========= ========= ========= =========
Common Shareholder's Equity $ 616 $ (1,306) $ 4,507 $ (1,816) $ 4,838
Preferred Shares, not subject
to mandatory redemption - - - - -
Preferred Shares, subject
to mandatory redemption - - - - -
Long-Term Debt (excluding current portion) - - - - -
--------- --------- --------- --------- ---------
Total Capitalization 616 (1,306) 4,507 (1,816) 4,838
--------- --------- --------- --------- ---------
Power Purchase Contract - - - - -
Current Liabilities (24) 1,339 2,012 2,109 552
Other Liabilities 1,090 (33) 1,496 (27) 95
--------- --------- --------- --------- ---------
Total Liabilities and Capitalization $ 1,682 $ - $ 8,015 $ 266 $ 5,485
========= ========= ========= ========= =========
</TABLE>
<PAGE>
Exhibit A
Page 28 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Cimmred
MHC (a) A/C Security Leasing DCCO MWR
Investment Co. Systems, Inc. Amgas, Inc. Company Inc. Capital Inc.
------------- ------------- ----------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Net Utility Plant - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Investment in Subsidiaries - - - - - -
Other Property and Investments 271,056 3,479 3,988 49,031 - 23,037
Power Purchase Contract - - - - - -
Current Assets 361 1,214 11,505 29,774 2,948 3,234
Other Assets - 67 15 - - -
----------- ----------- ----------- ----------- ----------- -----------
Total Assets $ 271,417 $ 4,760 $ 15,508 $ 78,805 $ 2,948 $ 26,271
=========== =========== =========== =========== =========== ===========
Common Shareholder's Equity $ 161,034 $ 4,325 $ (13) $ 20,570 $ 951 $ 2,478
Preferred Shares, not subject
to mandatory redemption - - - - - -
Preferred Shares, subject
to mandatory redemption - - - - - -
Long-Term Debt
(excluding current portion) - - - - 98 -
----------- ----------- ----------- ----------- ----------- -----------
Total Capitalization 161,034 4,325 (13) 20,570 1,049 2,478
----------- ----------- ----------- ----------- ----------- -----------
Power Purchase Contract - - - - - -
Current Liabilities 43,377 441 15,966 4,272 1,588 171
Other Liabilities 67,006 (6) (445) 53,963 311 23,622
----------- ----------- ----------- ----------- ----------- -----------
Total Liabilities and Capitalization $ 271,417 $ 4,760 $ 15,508 $ 78,805 $ 2,948 $ 26,271
=========== =========== =========== =========== =========== ===========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 29 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
TTP, Inc. InterCoast MidAmerican MidAmerican
of South MidAmerican Energy Services Security
Dakota (a) Rail Co. CHRS, Inc. Company Company Company
----------- ----------- ----------- ----------- ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Net Utility Plant - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Investment in Subsidiaries - - - - - -
Other Property and Investments 5,080 975 - - - 4,628
Power Purchase Contract - - - - - -
Current Assets 1,918 17,463 4,724 10,006 1 -
Other Assets - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Total Assets $ 6,998 $ 18,438 $ 4,724 $ 10,006 $ 1 $ 4,628
=========== =========== =========== =========== =========== ===========
Common Shareholder's Equity $ 4,535 $ 15,149 $ 4,163 $ 4,168 $ 1 $ 4,672
Preferred Shares, not subject
to mandatory redemption - - - - - -
Preferred Shares, subject
to mandatory redemption - - - - - -
Long-Term Debt (excluding current portion) - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Total Capitalization 4,535 15,149 4,163 4,168 1 4,672
----------- ----------- ----------- ----------- ----------- -----------
Power Purchase Contract - - - - - -
Current Liabilities 385 2,332 959 9,698 - (84)
Other Liabilities 2,078 957 (398) (3,860) - 40
----------- ----------- ----------- ----------- ----------- -----------
Total Liabilities and Capitalization $ 6,998 $ 18,438 $ 4,724 $ 10,006 $ 1 $ 4,628
=========== =========== =========== =========== =========== ===========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 30 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Consolidated
MidAmerican MidAmerican Midland
Realty Realty Iowa Escrow
Services Services Realty First Services,
Company Eliminations Company Co., Inc. Realty, Ltd. Inc.
------------ ------------ ----------- ----------- ------------ -----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Net Utility Plant - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Investment in Subsidiaries - (113,731) 113,731 - - -
Other Property and Investments 15,483 - - 2,633 272 26
Power Purchase Contract - - - - - -
Current Assets 39,055 (6,961) 1,248 5,277 1,727 1,304
Other Assets 79,553 - 570 12,208 2,260 -
----------- ----------- ----------- ----------- ----------- -----------
Total Assets $ 134,091 $ (120,692) $ 115,549 $ 20,118 $ 4,259 $ 1,330
=========== =========== =========== =========== =========== ===========
Common Shareholders' Equity 43,907 $ (113,731) $ 43,899 $ 21,114 $ 3,655 $ 154
Preferred Shares, not subject
to mandatory redemption - - - - - -
Preferred Shares, subject
to mandatory redemption(b) - - - - - -
Long-Term Debt (excluding current portion) 36,952 - 36,952 - - -
----------- ----------- ----------- ----------- ----------- -----------
Total Capitalization 80,859 (113,731) 80,851 21,114 3,655 154
----------- ----------- ----------- ----------- ----------- -----------
Power Purchase Contract - - - - - -
Current Liabilities 51,856 (6,961) 34,698 (757) 580 1,185
Other Liabilities 1,376 - - (239) 24 (9)
----------- ----------- ----------- ----------- ----------- -----------
Total Liabilities and Capitalization $ 134,091 $ (120,692) $ 115,549 $ 20,118 $ 4,259 $ 1,330
=========== =========== =========== =========== =========== ===========
</TABLE>
<PAGE>
Exhibit A
Page 31 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Iowa Realty Edina (a)
The Insurance Financial Edina
IMO Co., Referral Agency, Iowa Services, Realty,
Inc. Company Inc. Title Co. Inc. Inc. (a)
--------- --------- --------- --------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
--------- --------- --------- --------- --------- ---------
Net Utility Plant - - - - - -
--------- --------- --------- --------- --------- ---------
Investment in Subsidiaries - - - - - -
Other Property and Investments 1,814 - 12 1,702 1,413 3,385
Power Purchase Contract - - - - - -
Current Assets 279 73 74 2,068 (6,318) 16,159
Other Assets 1,236 157 258 5,366 528 26,715
--------- --------- --------- --------- --------- ---------
Total Assets $ 3,329 $ 230 $ 344 $ 9,136 $ (4,377) $ 46,259
========= ========= ========= ========= ========= =========
Common Shareholders' Equity $ 3,063 $ 219 $ 297 $ 8,670 $ (4,054) $ 41,813
Preferred Shares, not subject to mandatory redemption - - - - - -
Preferred Shares, subject to mandatory redemption(b) - - - - - -
Long-Term Debt (excluding current portion) - - - - - -
--------- --------- --------- --------- --------- ---------
Total Capitalization 3,063 219 297 8,670 (4,054) 41,813
--------- --------- --------- --------- --------- ---------
Power Purchase Contract - - - - -
Current Liabilities 262 9 9 200 (288) 3,296
Other Liabilities 4 2 38 266 (35) 1,150
--------- --------- --------- --------- --------- ---------
Total Liabilities and Capitalization $ 3,329 $ 230 $ 344 $ 9,136 $ (4,377) $ 46,259
========= ========= ========= ========= ========= =========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 32 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
<TABLE>
<CAPTION>
Edina Edina CBS Home JC Nichols Plaza
Realty Title, Realty Real Estate Residential, Mortgage
Inc. (a) Mortgage Inc. Company (a) MRT, Inc. Inc. Services, LLC
------------ ------------- ----------- ----------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ - $ - $ - $ - $ - $ -
Less: Accumulated Utility Depreciation - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Net Utility Plant - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Investment in Subsidiaries - - - - - -
Other Property and Investments 1,265 - 1,092 52 1,679 138
Power Purchase Contract - - - - - -
Current Assets 3,800 (353) 2,515 439 4,224 13,390
Other Assets 6,989 - 8,602 398 12,351 1,669
----------- ----------- ----------- ----------- ----------- -----------
Total Assets $ 12,054 $ (353) $ 12,209 $ 889 $ 18,254 $ 15,197
=========== =========== =========== =========== =========== ===========
Common Shareholders' Equity $ 10,320 $ (229) $ 10,646 $ 728 $ 14,870 $ 2,171
Preferred Shares, not subject
to mandatory redemption - - - - - -
Preferred Shares, subject
to mandatory redemption(b) - - - - - -
Long-Term Debt (excluding current portion) - - - - - -
----------- ----------- ----------- ----------- ----------- -----------
Total Capitalization 10,320 (229) 10,646 728 14,870 2,171
----------- ----------- ----------- ----------- ----------- -----------
Power Purchase Contract - - - - - -
Current Liabilities 1,510 76 1,467 160 3,322 13,032
Other Liabilities 224 (200) 96 1 62 (6)
----------- ----------- ----------- ----------- ----------- -----------
Total Liabilities and Capitalization $ 12,054 $ (353) $ 12,209 $ 889 $ 18,254 $ 15,197
=========== =========== =========== =========== =========== ===========
</TABLE>
(a) Northgate Park Associates and Access Air Holdings, Inc. are accounted for
in Midwest Capital Group, Inc.; Edge Technologies Inc., McLeodUSA, Inc.,
Mycotech, Utech Venture Capital Corporation, and Micro-Generation
Technology Fund, LLC are accounted for in MHC Investment Inc.; Tenaska III
Texas Partners is accounted for in TTP, Inc. of South Dakota; Select
Relocation Services Inc., Real Estate Referral Network, Inc., The Mortgage
Group, LLC and Home Real Estate Inc. (Nebraska) are accounted for in CBS
Home Real Estate Company; MidAmerican Energy Funding Corporation is
accounted for in MidAmerican Energy Company; Edina Realty, Inc. (WI) is
accounted for in Edina Realty, Inc.; Edina Realty Mortgage, LLC is
accounted for in Edina Financial Services, Inc.; Title Information
Services, LLC is accounted for in Edina Realty Title, Inc.
<PAGE>
Exhibit A
Page 33 of 33
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1998
(IN THOUSANDS)
JC Nichols
Alliance, Inc.
---------------
Gross Utility Plant $ -
Less: Accumulated Utility Depreciation -
---------------
Net Utility Plant -
---------------
Investment in Subsidiaries -
Other Property and Investments -
Power Purchase Contract -
Current Assets 110
Other Assets 246
---------------
Total Assets $ 356
===============
Common Shareholders' Equity $ 302
Preferred Shares, not subject to mandatory redemption -
Preferred Shares, subject to mandatory redemption(b) -
Long-Term Debt (excluding current portion) -
---------------
Total Capitalization 302
---------------
Power Purchase Contract -
Current Liabilities 56
Other Liabilities (2)
---------------
Total Liabilities and Capitalization $ 356
===============
