<PAGE>
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY __, 1995
REGISTRATION NO. 33-60549
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------------
PRE-EFFECTIVE
AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
------------------------
MIDAMERICAN ENERGY COMPANY
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
IOWA 42-1425214
(State or other jurisdiction (I.R.S. Employer
of Identification No.)
incorporation or
organization)
</TABLE>
666 GRAND AVENUE, P. O. BOX 9244
DES MOINES, IOWA 50306-9244
(515) 242-4300
(Address including zip code, and telephone number, including
area code, of registrant's principal executive offices)
--------------------------
PAUL J. LEIGHTON
666 GRAND AVENUE, P. O. BOX 9244
DES MOINES, IOWA 50306-9244
(515) 242-4300
(Name, address, including zip code, and telephone number, including
area code, of agent for service)
--------------------------
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
AS SOON AS PRACTICABLE AFTER THIS REGISTRATION STATEMENT BECOMES EFFECTIVE.
--------------------------
If the only securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. / /
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933 ("Securities Act"), other than securities offered only in connection with
dividend or interest reinvestment plans, check the following box. /X/
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. / /
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. / /
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. / /
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT OR UNTIL THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE
ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A), MAY
DETERMINE.
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--------------------------------------------------------------------------------
<PAGE>
PROSPECTUS
----------
MIDAMERICAN ENERGY COMPANY
SHAREHOLDER OPTIONS PLAN
6,000,000 SHARES COMMON STOCK
(NO PAR VALUE)
--------------------
MidAmerican Energy Company ("MidAmerican" or "Company") hereby offers
participation in its Shareholder Options Plan ("Shareholder Options" or "Plan").
The Plan provides investors with a convenient way to purchase shares of the
Company's Common Stock, no par value ("Common Stock"), and reinvest all or a
portion of the cash dividends paid on Common Stock in additional shares of
Common Stock.
Participants in Shareholder Options may:
- Reinvest all or a portion of the cash dividends paid on Common Stock
registered in their name or credited to their Plan account in additional
shares of Common Stock.
- Make an Initial Investment in Common Stock with a cash payment of at least
$250 and no more than $10,000 per account.
- Increase their investment in Common Stock by making Optional Investments
of at least $25 per payment and no more than $10,000 per month per
account.
- Receive, upon written request, certificates for whole shares of Common
Stock credited to their Plan account.
- Deposit certificates representing shares of Common Stock into the Plan for
safekeeping.
- Receive cash dividends on shares of Common Stock by check or electronic
deposit to a designated account.
- Sell Common Stock credited to their Plan account through the Plan.
This Prospectus relates to 6,000,000 shares of the Company's Common Stock
registered for purchase under the Plan. Such shares may be newly issued shares
or previously issued shares purchased in the open market for delivery under the
Plan in lieu of newly issued shares. Any open market purchases will be made
through an independent Agent (hereinafter defined) selected by the Company. The
Common Stock is listed on the New York Stock Exchange, Inc. ("NYSE") under the
symbol "MEC".
MIDAMERICAN IS SUBJECT TO CERTAIN GENERIC RISKS ASSOCIATED WITH UTILITY
NUCLEAR GENERATION. SEE "RISK FACTORS."
The purchase price of newly issued shares of Common Stock will be the
average of the high and low prices for the Common Stock on the Investment Date
(hereinafter defined), as reported in THE WALL STREET JOURNAL report of NYSE --
Composite Transactions. If shares are not traded on that day, the price will be
the average of the high and low prices on the next preceding day on which the
Common Stock is traded on the NYSE. There will be no discount from these
purchase prices for Common Stock purchased under the Plan.
<PAGE>
The price of shares of Common Stock purchased or sold in the open market
will be the weighted average price per share of the aggregate number of shares
purchased or sold, respectively, in the open market for the relevant period.
There will be no discount from these purchase prices for shares of Common Stock
purchased under the Plan. Brokerage fees and commissions, service charges and
applicable taxes will be paid by Participants (hereinafter defined). The Company
will administer the Plan and pay administration costs for the Plan.
This Plan replaces the Dividend Reinvestment and Share Purchase Plan of
Iowa-Illinois Gas and Electric Company and the Dividend Reinvestment and Common
Stock Purchase Plan of Midwest Resources Inc. ("Predecessor Plans"). Current
participants in the Predecessor Plans must complete an enrollment form to
confirm enrollment or to change participation.
THIS PROSPECTUS SHOULD BE RETAINED FOR FUTURE REFERENCE.
------------------------
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY
IS A CRIMINAL OFFENSE.
------------------------
NO PERSON IS AUTHORIZED TO GIVE ANY INFORMATION OR MAKE ANY REPRESENTATION
NOT CONTAINED, OR INCORPORATED BY REFERENCE, IN THIS PROSPECTUS, AND IF GIVEN OR
MADE, SUCH INFORMATION OR REPRESENTATION MUST NOT BE RELIED UPON AS HAVING BEEN
AUTHORIZED BY THE COMPANY. THIS PROSPECTUS IS NOT AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES OFFERED HEREBY IN ANY
JURISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER IN SUCH
JURISDICTION. NEITHER THE DELIVERY OF THIS PROSPECTUS NOR ANY SALE MADE
HEREUNDER SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS
BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THE DATE HEREOF, OR THAT THE
INFORMATION CONTAINED HEREIN, OR INCORPORATED BY REFERENCE, IS CORRECT AS OF ANY
TIME SUBSEQUENT TO ITS DATE.
------------------------
THE DATE OF THIS PROSPECTUS IS JULY __, 1995.
<PAGE>
RISK FACTORS
MidAmerican is subject to certain generic risks associated with utility
nuclear generation, including risks arising from the operation of nuclear
facilities and the storage, handling and disposal of high-level and low-level
radioactive materials; limitations on the amounts and types of insurance
commercially available in respect of losses that might arise in connection with
nuclear operations; and uncertainties with respect to the technological and
financial aspects of decommissioning nuclear plants at the end of their licensed
lives. The Nuclear Regulatory Commission ("NRC") has broad authority under
federal law to impose licensing and safety-related requirements for the
operation of nuclear generating facilities and in the event of non-compliance,
has the authority to impose fines or shut down a unit, or both, depending upon
its assessment of the severity of the situation, until compliance is achieved.
Revised safety requirements promulgated by the NRC have, in the past,
necessitated substantial capital expenditures at nuclear plants, including those
in which the Company has a long-term power purchase contract or ownership
interest, and additional such expenditures could be required in the future. In
addition, although MidAmerican has no reason to anticipate a serious nuclear
incident at the units in which it has an interest, if such an incident did
occur, it could have a material but presently undeterminable adverse effect on
the financial condition of the Company.
AVAILABLE INFORMATION
The Company is subject to the informational requirements of the Securities
Exchange Act of 1934, as amended ("Exchange Act"), and accordingly files reports
and other information with the Securities and Exchange Commission
("Commission"). The Company has filed with the Commission under the Securities
Act of 1933, as amended ("Securities Act"), a registration statement on Form S-4
(File No. 33-56153), including a Joint Proxy Statement/Prospectus, dated
November 3, 1994, with respect to the shares of the Company's Common Stock
issued in the merger of Midwest Resources Inc. ("Midwest Resources"), Midwest
Power Systems Inc. ("Midwest Power") and Iowa-Illinois Gas and Electric Company
("Iowa-Illinois") with and into the Company. Prior to such merger, Midwest
Resources, Midwest Power and Iowa-Illinois were subject to the informational
requirements of the Exchange Act, and accordingly filed reports, proxy
statements and other information with the Commission.
3
<PAGE>
Such reports, proxy statements and other information filed with the
Commission are available for inspection and copying at the public reference
facilities maintained by the Commission at Room 1024, Judiciary Plaza, 450 Fifth
Street, N.W., Washington. D.C. 20549 and at the following regional offices of
the Commission: Midwest Regional Office, Citicorp Center, 500 West Madison
Street, Suite 1400, Chicago, Illinois 60661-2511, and Northeast Regional Office,
Seven World Trade Center, Suite 1300, New York, New York 10048. Copies of such
documents may also be obtained from the Public Reference Room of the Commission
at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549, at
prescribed rates. In addition, any such material and other information
concerning Midwest Resources and Midwest Power can be inspected at the NYSE, 20
Broad Street, New York, New York 10005, and concerning Iowa-Illinois can be
inspected at the NYSE and the Chicago Stock Exchange, Inc., 440 S. LaSalle
Street, Chicago, Illinois 60603.
This Prospectus constitutes a part of a registration statement, together
with all amendments and exhibits thereto ("Registration Statement"), filed by
the Company with the Commission under the Securities Act. As permitted by the
rules and regulations of the Commission, this Prospectus omits certain
information contained in the Registration Statement, and reference is made to
the Registration Statement for further information with respect to the Company
and the shares of Common Stock registered under the Registration Statement.
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The following documents, previously filed with the Commission pursuant to
the Exchange Act, are hereby incorporated by reference herein and shall be
deemed a part hereof:
1. The description of the Company's common stock, no par value ("Common
Stock"), which is contained in the Registration Statement on Form 8-B filed
with the Commission on June 23, 1995 under the Exchange Act, including any
subsequent amendment or any report filed for the purpose of updating such
description.
2. The Company's Current Report on Form 8-K dated July 1, 1995 (File
No. 1-11505).
4
<PAGE>
All documents filed by or on behalf of the Company, Midwest Resources,
Midwest Power and Iowa-Illinois pursuant to Section 13(a), 13(c), 14 or 15(d) of
the Exchange Act subsequent to the date of this Prospectus and prior to the
termination of the offering made by this Prospectus shall be deemed to be
incorporated by reference herein and to be part hereof from the respective dates
of filing of such documents (such documents, and the documents enumerated above,
being hereinafter referred to as "Incorporated Documents.") Any statement
contained in an Incorporated Document shall be deemed to be modified or
superseded for purposes of this Prospectus to the extent that a statement
contained herein or in any other subsequently filed Incorporated Document
modifies or supersedes such statement. Any such statement so modified or
superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Prospectus.
THE COMPANY HEREBY UNDERTAKES TO PROVIDE WITHOUT CHARGE TO EACH PERSON TO
WHOM A COPY OF THIS PROSPECTUS HAS BEEN DELIVERED, ON THE WRITTEN OR ORAL
REQUEST OF ANY SUCH PERSON, A COPY OF ANY OR ALL OF THE INCORPORATED DOCUMENTS
NOT INCLUDING EXHIBITS THERETO. WRITTEN REQUESTS FOR SUCH COPIES SHOULD BE
DIRECTED TO MIDAMERICAN ENERGY COMPANY, 666 GRAND AVENUE, P.O. BOX 9244, DES
MOINES, IOWA 50306-9244, ATTENTION: SHAREHOLDER SERVICES; ORAL REQUESTS MAY BE
MADE BY CALLING (515) 242-4310.
THE COMPANY
The Company was incorporated under the laws of the State of Iowa in 1994 by
Midwest Resources and Iowa-Illinois. On July 1, 1995, Midwest Resources,
Iowa-Illinois and Midwest Power merged with and into the Company. As a result of
such merger, the Company is engaged in the business of generating, transmitting,
distributing and selling electric energy and distributing, selling and
transporting natural gas in the States of Iowa, Illinois, South Dakota, and
Nebraska. Through a wholly-owned, non-regulated subsidiary, InterCoast Energy
Company, the Company engages in energy-related businesses. Through another
wholly-owned, non-regulated subsidiary, Midwest Capital Group, Inc., the Company
is engaged in regional business development. The Company's principal executive
offices are located at 666 Grand Avenue, P.O. Box 9244, Des Moines, Iowa
50306-9244, and its telephone number is (515) 242-4310.
5
<PAGE>
MIDAMERICAN ENERGY COMPANY
SHAREHOLDER OPTIONS PLAN
THE SUMMARY PLAN DESCRIPTION AND THE GOVERNING TERMS AND CONDITIONS OF THE
PLAN APPEARING BELOW SHOULD BE REVIEWED CAREFULLY IN CONNECTION WITH YOUR
DECISION TO PARTICIPATE IN THE PLAN AND SHOULD BE RETAINED FOR FUTURE REFERENCE.
SUMMARY PLAN DESCRIPTION
HOW THE PLAN WORKS
Any person of legal age is eligible to participate in the Plan. References
hereinafter to "you" refer to Participants in the Plan.
After you have enrolled in the Plan, you may elect to reinvest all or part
of your dividends or receive your dividends in cash. Reinvested dividends will
be used to purchase additional Shares of Common Stock. You may make an Initial
Investment in Common Stock with a cash payment of at least $250 per payment, and
no more than $10,000 per account. In addition, you may purchase additional
Shares by making Optional Investments whether or not your dividends are
reinvested. You may invest at least $25 and no more than $10,000 per account per
monthly Investment Date to purchase additional Shares of Common Stock. Checks
should be payable to MidAmerican Energy Company. You do not need to invest the
same amount of cash each time, and you are not required to make any Optional
Investments. The Shares purchased in the Plan may be Shares purchased in the
open market or newly issued Shares. Any brokerage fees and commissions, service
charges or other expenses incurred by MidAmerican in respect to such purchases
may be added to the price of Shares purchased. Because purchases for all
Participants are consolidated, your proportional share of brokerage fees and
commissions should be lower than the costs you would normally pay for individual
purchases.
HOW TO ENROLL
If you presently own Common Stock which is registered in your name, you may
enroll in the Plan by completing, dating, signing and returning an enrollment
form to MidAmerican.
If you presently own Common Stock that is not registered in your name (e.g.,
registered in your broker's "street name" or in the name of your bank or
6
<PAGE>
its nominee), you may be required by the registered holder to have the
registration transferred to your name. You should contact your broker or bank to
initiate this transfer.
If you do not presently own Common Stock, you may make an Initial Investment
of at least $250, and no more than $10,000, to buy shares of Common Stock
through the Plan. When you enroll, you should include your check or money order
with your enrollment form.
HOW YOUR DIVIDENDS ARE REINVESTED
You may choose to invest in additional Shares of Common Stock by reinvesting
the cash dividends paid on a percentage of the MidAmerican Shares that you own.
You must designate your choice on your enrollment form:
- FULL DIVIDEND REINVESTMENT: Automatic reinvestment of cash dividends on
all Shares registered in your name and on all Shares credited to your Plan
account.
- PARTIAL DIVIDEND REINVESTMENT: Automatic reinvestment of cash dividends on
a specified percentage of Shares registered in your name and Shares
credited to your Plan account. You will be paid a cash dividend on your
remaining Shares.
- NO DIVIDEND REINVESTMENT: Payment of cash dividends on all Shares
registered in your name and Shares credited to your Plan account.
Reinvested dividends will be allocated to your Plan account in whole and
fractional shares (computed to four decimal places). Dividends will accrue on
all Shares in your Plan account.
VOTING YOUR SHARES
Your are entitled to vote all Shares in your Plan account. The proxy card
sent to you for any annual or special meeting of shareholders will represent the
total Shares that you are entitled to vote, including Shares registered in your
name and Shares held in your Plan account.
SAFEKEEPING
Your stock certificates are valuable documents representing your investment
and ownership in MidAmerican. They should be kept in a secure place where they
will be protected from loss, theft or destruction.
7
<PAGE>
The Plan provides such protection for your MidAmerican Common Stock
certificates by keeping them on deposit in your Plan account at no cost to you.
CORRESPONDENCE
If you have any questions regarding the Plan, please feel free to contact
MidAmerican at the following address:
MidAmerican Energy Company
Shareholder Services
P. O. Box 9244
Des Moines, Iowa 50306-9244
or call: (800) 247-5211 or (515) 242-4310
* * * * * * *
8
<PAGE>
TERMS AND CONDITIONS
1. WHO IS ELIGIBLE TO PARTICIPATE IN THE PLAN?
Any person of legal age is eligible to participate in the MidAmerican Energy
Company ("MidAmerican") Shareholder Options Plan ("Plan"). Shareholders of
MidAmerican common stock, no par value, ("Common Stock") may elect to
participate with respect to all or some of the shares of Common Stock ("Shares")
registered in the shareholder's name. Beneficial owners of Shares of Common
Stock which are registered in another person's name who want to participate in
the Plan may be required by the record holder of such Shares to withdraw such
Shares from such registration and register such Shares in their own names. A
person who is not a registered holder of Common Stock may become eligible by
making an initial purchase ("Initial Investment") of Common Stock under the
Plan.
2. HOW DO CURRENT SHAREHOLDERS AND INTERESTED INVESTORS ENROLL IN THE PLAN?
After you receive a copy of this Prospectus, you may enroll in the Plan by
completing, dating, signing and submitting an enrollment form to MidAmerican.
Shareholders who participated in the Predecessor Plans must complete an
enrollment form to confirm enrollment or to change participation.
To complete an enrollment form, you must:
a. Designate your dividend reinvestment option on the enrollment form:
- FULL DIVIDEND REINVESTMENT: Automatic reinvestment of cash dividends on
all Shares registered in your name ("Registered Shares") and on all Shares
credited to your Plan account ("Plan Shares").
- PARTIAL DIVIDEND REINVESTMENT: Automatic reinvestment of cash dividends on
some of your Registered Shares and Plan Shares. You must specify the
percentage of Registered Shares and Plan Shares on which you want to
reinvest dividends. You will be paid a cash dividend on your remaining
Registered Shares and Plan Shares.
- NO DIVIDEND REINVESTMENT: Payment of cash dividends on all Registered
Shares and all Plan Shares.
9
<PAGE>
b. Specify if you are:
- depositing Common Stock certificates into the Plan for protection from
loss, theft or destruction ("Safekeeping").
- making an Initial Investment.
- making an investment for the purchase of Common Stock under the Plan
("Optional Investments").
c. If you are a current registered owner of Common Stock, sign the enrollment
form exactly as your name appears on your Common Stock certificates. If the
Common Stock is registered to more than one person, each must sign the
enrollment form. If you are making an Initial Investment, specify exactly
how you would like the Shares registered and sign your name (or names)
accordingly.
Please return your enrollment form to the Company at the address shown in
the response to question 22. Enrollment forms will be provided from time to time
to all shareholders and will be furnished at any time upon request.
You begin participating in the Plan on the Investment Date (hereinafter
defined) after MidAmerican receives your enrollment form, IF:
- FOR DIVIDEND REINVESTMENT, the enrollment form is received by the record
date relating to the next quarterly dividend payment date. Dividend
payment dates are usually the first day of March, June, September and
December. The record dates are generally approximately 20 days before the
dividend payment dates. NO INTEREST WILL BE PAID ON FUNDS HELD PENDING
INVESTMENT. Those dividends not invested within 30 days will be paid out.
- FOR INITIAL AND OPTIONAL INVESTMENTS, the enrollment form and investment
are received by the Company at least one business day before an Investment
Date. If not, the Administrator may hold the investment until the next
Investment Date. NO INTEREST WILL BE PAID ON FUNDS HELD PENDING
INVESTMENT. Participants and interested investors should send investments
so as to reach the Company shortly before an Investment Date. Those
Initial and Optional Investments not invested within 35 days of receipt
will be returned.
10
<PAGE>
"Investment Date" means: (a) with respect to reinvested dividends, the
dividend payment date; and (b) with respect to Initial and Optional Investments,
the first business day of the month following receipt of such Initial and
Optional Investments, provided such Initial or Optional Investments are received
at least one business day prior to the Investment Date.
3. WHEN DOES MIDAMERICAN PAY DIVIDENDS?
Dividends on Common Stock are considered quarterly by the MidAmerican board
of directors at which time the record date for the next dividend is set.
Dividend payment dates are expected to be the first day of March, June,
September and December of each year.
Upon payment of dividends, MidAmerican will promptly allocate to the Plan
all dividends on participating Shares (less any tax withheld) for reinvestment
under the Plan.
4. HOW ARE INITIAL INVESTMENTS MADE?
An interested investor of legal age may make an Initial Investment of at
least $250 and no more than $10,000 per account. Initial Investments shall be in
the form of a check or money order payable in United States dollars to the order
of MidAmerican Energy Company in the amount being invested, along with the
completed enrollment form which must be received by MidAmerican at least one
business day before an Investment Date. Initial Investments received after that
date will be invested on the next Investment Date. Any persons participating in
the Plan ("Participant") may not send cash. MidAmerican will transmit promptly
all Initial Investments to a segregated escrow account at a bank ("Escrow
Account") or to the Agent (hereinafter defined).
No interest is payable on an Initial Investment between the time the funds
are received by MidAmerican and the time of investment.
An interested investor may withdraw an Initial Investment set for the next
Investment Date by notifying MidAmerican in writing not less than two business
days before such Investment Date. Such withdrawn amount will be returned as
promptly as practicable and without interest.
11
<PAGE>
5. HOW ARE OPTIONAL INVESTMENTS MADE?
Participants may make an Optional Investment of at least $25 per payment and
no more than $10,000 per month per account. An Optional Investment need not be
in the same amount each time, subject to the minimum and maximum payment levels,
and there is no obligation to make Optional Investments. Optional Investments
shall be in the form of a check or money order payable in United States dollars
to the order of MidAmerican Energy Company in the amount being invested, along
with the completed lower portion of the account statement which must be received
by MidAmerican at least one business day before an Investment Date. Optional
Investments received after that date will be invested on the next Investment
Date. Participants may not send cash. MidAmerican will transmit promptly all
Optional Investments to the Escrow Account or to the Agent.
No interest is payable on any Optional Investment between the time the funds
are received by MidAmerican and the time of investment.
A Participant may withdraw an Optional Investment set for the next
Investment Date by notifying MidAmerican in writing not less than two business
days before such Investment Date. Such withdrawn amount will be returned as
promptly as practicable and without interest.
6. WHO ADMINISTERS THE PLAN?
MidAmerican is responsible for administering the Plan, and will perform only
clerical and ministerial functions in connection with the Plan. The Company
believes that its serving as administrator, rather than a registered
broker-dealer or a federally insured banking institution, poses no material
risks to Participants because of the purely administrative nature of the
functions MidAmerican will perform, and because Initial and Optional Investments
sent to MidAmerican are transmitted promptly to the Escrow Account held for the
benefit of Participants, and are not subject to any liens, creditor claims, or
any other claims against the Company.
Shares purchased in the open market under the Plan will be purchased by an
independent agent which is a bank or registered broker or dealer appointed to
act as agent for the Participants for the purchases and sales of Common Stock
("Agent").
Shares acquired under the Plan will be registered in the name of MidAmerican
(or its nominee) as administrator for Participants in the Plan.
12
<PAGE>
The enrollment form appoints the Agent for the Participants for purchases of
Common Stock in the open market.
7. HOW ARE PURCHASES OF COMMON STOCK MADE UNDER THE PLAN?
Shares acquired under the Plan will be either Shares purchased in the open
market by the Agent or Shares newly issued by MidAmerican. The source of the
Shares (i.e., open market or newly issued) will be designated by MidAmerican
prior to the related Investment Date but all Shares acquired with respect to a
single Investment Date will come from the same source. MidAmerican will not
change the source from which Shares are acquired under the Plan more than once
in any three month period.
The primary consideration in determining the source of Shares to be used for
purchases under the Plan is expected to be the Company's need to increase equity
capital. If the Company does not need to raise funds externally or if financing
needs are satisfied using non-equity sources of funds to maintain the Company's
targeted capital structure, Shares purchased for Participants under the Plan
will be purchased in the open market. At any time that Shares are purchased for
Participants under the Plan in the open market, the Company will not exercise
its right to change the source of purchases of Shares absent a determination by
the Company's board of directors or chief financial officer that the Company's
need to raise additional capital has changed, or that there is another valid
reason for such change.
If Shares are to be purchased in the open market, MidAmerican will promptly
transmit to the Escrow Account or to the Agent the Initial and Optional
Investments and dividends. The Agent will use those funds to purchase Shares.
MidAmerican will allocate Shares purchased under the Plan (including
fractional Shares computed to four decimal places) to your account based on the
amount of dividends, Initial Investment and Optional Investments attributable to
you and the price of such Shares. AN EXACT NUMBER OF SHARES CANNOT BE PURCHASED.
Such purchases may be made on any securities exchange on which the Common
Stock is traded on such terms as the Agent may reasonably determine consistent
with its fiduciary obligation.
13
<PAGE>
Initial Investments, Optional Investments and dividends on participating
Shares will be invested as promptly as practicable after receipt by the Agent
consistent with applicable federal securities laws.
The purchase price of newly issued Shares of Common Stock will be the
average of the high and low prices for the Common Stock on the Investment Date
(or the next preceding trading day if the Common Stock is not traded on the NYSE
on the Investment Date) as reported in THE WALL STREET JOURNAL report of NYSE --
Composite Transactions.
The purchase price of Shares obtained in the open market will be the
weighted average price paid for the aggregate number of Shares purchased during
the relevant period.
The Company will pay the administrative costs of the Plan. Brokerage fees
and commissions, service charges and applicable taxes will be paid by
Participants. Participants will be advised from time-to-time of the costs
associated with Plan participation. Participants will receive advance notice of
any change in such fees. Because purchases for all Participants are
consolidated, your proportional share of brokerage fees and commissions should
be lower than the costs you would normally pay for individual purchases.
8. HOW ARE SALES OF COMMON STOCK MADE UNDER THE PLAN?
You may sell at any time all or some of your Plan Shares by notifying
MidAmerican of the number of Shares to be sold in a written request signed by
all registered owners.
The timing of the sale of Shares will be at the sole discretion of the
Agent. The Agent will sell such shares as soon as practicable after processing
the sales request and will transmit to MidAmerican the proceeds of the sale
(less brokerage fees and commissions and any applicable taxes). Sales requests
will be forwarded to the Agent at least weekly, and normally such sales will be
made on a weekly basis. MidAmerican will transmit sales proceeds to the selling
Participant within five business days of receipt of the proceeds from the Agent.
Shares to be sold will be valued at the weighted average sale price of all
Shares of Common Stock being sold at such time.
14
<PAGE>
You will receive from MidAmerican a check in the amount of such value less
applicable brokerage fees and commissions, service charges and applicable taxes
as soon as is practicable after the settlement date for such sale.
MIDAMERICAN CANNOT GUARANTEE THAT SHARES WILL BE SOLD ON ANY SPECIFIC DAY OR
AT ANY SPECIFIC PRICE.
9. HOW WILL MIDAMERICAN USE THE PROCEEDS FROM THE PLAN?
The Company cannot predict the number of Shares that will be purchased under
the Plan or the prices at which such Shares will be purchased. If Shares
purchased under the Plan are newly issued Shares, MidAmerican will receive
additional funds from such sales to be used for general corporate purposes. If
Shares are purchased on the open market, MidAmerican will not receive any
additional funds.
10. ARE PARTICIPANTS FUNDS COMBINED WITH THE FUNDS OF OTHER PARTICIPANTS UNDER
THE PLAN?
In making purchases or sales of Common Stock, the Agent may combine your
funds with those of other Participants. Accordingly, the price at which Common
Stock shall be deemed to have been purchased or sold for your account shall be
the weighted average price of all Common Stock purchased or sold, as the case
may be, under the Plan for all Participants.
11. WILL MIDAMERICAN HOLD PARTICIPANTS' SHARES IN SAFEKEEPING?
MidAmerican will hold in Safekeeping for Participants all the Common Stock
purchased under the Plan. This will relieve you of the responsibility for the
safekeeping of multiple certificates for Shares purchased and will protect you
against loss, theft, or destruction of stock certificates. Certificates for
Shares purchased under the Plan will not be issued to Participants unless
requested in writing. Certificates for any number of whole Shares credited to
your account under the Plan will be issued to you upon your written request to
MidAmerican. Requests for certificates will be handled without charge to
Participants.
Other MidAmerican Common Stock certificates may be deposited in your Plan
account. A Safekeeping form should be submitted with all certificates deposited
in the Plan. A form can be obtained by contacting MidAmerican. Certificates
submitted for Safekeeping will be cancelled and new certificates will be issued
to Participants upon request.
15
<PAGE>
Since you will bear any risk of loss in sending certificates to MidAmerican,
it is recommended that they be sent to the address shown in the response to
question 22 by registered mail, return receipt requested, and that they be
properly insured. Please do not endorse these certificates.
12. WILL MIDAMERICAN AUTOMATICALLY DEPOSIT DIVIDENDS WHICH ARE NOT REINVESTED
DIRECTLY INTO A PARTICIPANT'S BANK ACCOUNT?
In order to receive cash dividends by electronic deposit to your designated
account, you must complete and sign a direct deposit authorization form and
return it to the Company. Your cash dividends will be automatically deposited as
soon as practicable after the Company receives your completed direct deposit
authorization form.
13. WHAT IF MIDAMERICAN DECLARES A DIVIDEND IN A FORM OTHER THAN CASH?
In the event a dividend is paid in Common Stock instead of cash, or if
Common Stock is distributed in connection with a stock split or similar
transaction, the Common Stock so paid or distributed on participating Shares
will be allocated to each Participant's Plan account.
14. WILL PARTICIPANTS RECEIVE PERIODIC STATEMENTS OF THEIR PLAN ACTIVITY?
MidAmerican will establish and maintain a separate account for each Plan
Participant.
As promptly as practicable after any purchase has been made, MidAmerican
will prepare and send an account statement of your transactions.
ACCOUNT STATEMENTS SHOW THE COST BASIS OF YOUR TRANSACTIONS, AS WELL AS
DIVIDEND INFORMATION, AND SHOULD BE RETAINED WITH YOUR TAX AND INVESTMENT
RECORDS.
MidAmerican will take all action reasonably necessary to assure accurate
reporting of dividends paid and any taxes withheld thereon to Participants, the
Internal Revenue Service and appropriate state agencies; provided, however, that
no action or failure to act on the part of MidAmerican shall relieve any
Participant of any tax which may be payable on such dividends.
15. WILL PARTICIPANTS RECEIVE ALL INFORMATION NORMALLY PROVIDED TO
SHAREHOLDERS?
MidAmerican will furnish you with all annual, quarterly and other reports
generally distributed to MidAmerican's shareholders. In addition, MidAmerican
will furnish you with all proxy materials, including a form of
16
<PAGE>
proxy, relating to any Annual or Special Meeting of Shareholders. Such form of
proxy will cover all Shares held in your Plan account, as well as any other
Shares held of record by you, and will enable you to vote all Shares on all
matters in which holders of Common Stock are permitted to vote.
16. MAY SHARES HELD IN THE PLAN BE WITHDRAWN BY PARTICIPANTS?
Whole Shares held in the Plan may be withdrawn by you at any time by
notifying MidAmerican in writing of the number of whole Shares being withdrawn.
Upon such withdrawal, you will receive the requested certificate(s),
registered in your name, for the number of whole Shares being withdrawn.
Any Shares remaining in your Plan account will continue to be held under the
Plan for Safekeeping. Certificates for fractions of Shares will not be issued
under any circumstances; instead you will receive the cash adjustment referred
to below.
17. HOW DO PARTICIPANTS DISCONTINUE PARTICIPATION IN THE PLAN?
You may discontinue reinvestment of dividends in the Plan at any time by
notifying MidAmerican in writing no later than five business days prior to the
next dividend payment date.
You may elect to:
- discontinue reinvestment of dividends but continue to
have all Shares held in Safekeeping
- withdraw all Shares held in Safekeeping in your Plan
account or
- sell some or all of the Shares held in your Plan account
and withdraw any remaining Shares.
If you request a sale of Shares upon terminating participation in the Plan,
the Shares will be sold through the Agent. Shares sold through the Agent will be
valued at the weighted average sale price of all Shares of Common Stock being
sold at such time. You will receive from MidAmerican a check in the amount of
such value, less applicable brokerage fees and commissions, service charges, and
applicable taxes.
17
<PAGE>
MIDAMERICAN CANNOT GUARANTEE THAT SHARES WILL BE SOLD ON ANY SPECIFIC DAY OR
AT ANY SPECIFIC PRICE.
Certificates for fractional Shares will not be issued. If your Plan account
consists of less than one Share and dividends on other Shares owned, if any, are
not reinvested, MidAmerican may at its option send you a cash adjustment
representing the fractional Share valued at the average of the high and low
prices, as reported in THE WALL STREET JOURNAL report of NYSE -- Composite
Transactions, for the first business day preceding receipt of your notification.
18. ARE ANY FEES AND COMMISSIONS INCURRED BY PARTICIPANTS?
All brokerage fees and commissions, service charges or other costs related
to purchases and sales under the Plan will be included in the price of Shares
purchased or sold through the Plan. Because purchases for all Participants are
consolidated, your proportional share of brokerage fees and commissions and
other costs of purchase should be lower than the costs you would normally pay
for individual purchases or sales.
19. MAY THE PLAN BE MODIFIED OR TERMINATED?
MidAmerican reserves the right to suspend, terminate, modify or amend the
Plan, its terms and conditions or its administrative rules and procedures at any
time and will notify each Participant of any such suspension or termination, or
of any modification or amendment that affects the future rights of the
Participants.
20. WHAT IS MIDAMERICAN'S LIABILITY UNDER THE PLAN?
Neither MidAmerican nor the Agent, or any of their respective directors,
officers and employees, shall be liable for any act done in good faith, or for
any good faith omission to act, including without limitation, any claims or
liability:
- arising out of failure to terminate a Participant's Plan
account upon the Participant's death prior to receipt of
written notice of such death or
- with respect to the timing or the price of any purchase or
sale, or the market value of Common Stock purchased or sold.
18
<PAGE>
The foregoing limitation of MidAmerican's liability does not affect a
Participant's right to bring a cause of action based on alleged violations of
federal securities laws.
21. WHO APPOINTS THE AGENT?
MidAmerican will appoint the Agent and reserves the right to terminate the
Agent's services under the Plan or appoint a new Agent from time-to-time.
22. HOW SHOULD CORRESPONDENCE CONCERNING THE PLAN BE ADDRESSED?
All notices and correspondence shall be directed to:
MIDAMERICAN ENERGY COMPANY
SHAREHOLDER SERVICES
P.O. BOX 9244
DES MOINES, IA 50306-9244
If by overnight courier, registered mail or personal delivery, to:
MIDAMERICAN ENERGY COMPANY
SHAREHOLDER SERVICES
666 GRAND AVENUE, 28TH FLOOR
DES MOINES, IA 50309
In all correspondence with MidAmerican, please be sure to include your:
<TABLE>
<S> <C>
- name - telephone number during
business hours
- address - taxpayer identification
number
- account number
</TABLE>
Notices will be directed to each Participant at the last address of record
with MidAmerican. In the event that you should change your address, please
immediately notify MidAmerican in writing.
23. WHICH LAW GOVERNS THE PLAN?
These terms and conditions shall be governed by and construed in accordance
with the laws of the State of Iowa.
19
<PAGE>
24. WHAT ARE THE TAX IMPLICATIONS OF PARTICIPATING IN THE PLAN?
Even though dividends may be automatically reinvested under the Plan, they
are still taxable as ordinary income under the United States Internal Revenue
Code. Such dividends will be set forth on one or more forms sent to you relating
to activity in your Plan account during the calendar year. Such forms will
include tax information concerning sales of Common Stock from your Plan account
during the calendar year.
Any person whose dividends are subject to withholding for federal income tax
purposes will have the withheld amounts deducted before the net remainder is
reinvested under the Plan.
THIS TAX INFORMATION IS A SUMMARY ONLY. PARTICIPANTS MAY WISH TO DISCUSS
SPECIFIC QUESTIONS WITH THEIR TAX OR LEGAL ADVISORS.
In addition, there may be tax considerations under foreign, state and local
laws applicable to Participants.
25. ARE THERE ANY OTHER CONSIDERATIONS OF PLAN PARTICIPATION?
Shares in your Plan account or held in Safekeeping under the Plan may not be
pledged by you for any purpose without first having obtained a certificate for
such Shares.
MidAmerican reserves the right to restrict participation in the Plan if it
determines, in its sole discretion, that a Participant is participating in the
Plan in a manner contrary to applicable law or general purpose of the Plan.
MidAmerican also reserves the right to interpret the Plan as necessary in
connection with the operation of the Plan.
MIDAMERICAN CANNOT ASSURE YOU OF A PROFIT OR PROTECT YOU AGAINST A LOSS ON
SHARES PURCHASED OR SOLD UNDER THE PLAN NOR SHALL IT HAVE ANY LIABILITY WITH
RESPECT TO ITS GOOD FAITH ACTIONS OR OMISSIONS REGARDING THE PLAN.
26. MAY MIDAMERICAN EMPLOYEES PARTICIPATE IN THE PLAN?
All full-time employees of the Company and its subsidiaries and affiliates
who are at least 21 years of age are eligible to participate in the Plan.
Employees need not be registered shareholders in order to enroll in the Plan.
Employees will have the same rights and be governed by the same terms under
the Plan as shareholder Participants.
20
<PAGE>
DESCRIPTION OF CAPITAL STOCK
GENERAL
The authorized capital stock of the Company consists of 350,000,000 shares
of Common Stock and 100,000,000 shares of preferred stock, no par value
("Preferred Stock"), issuable in one or more series. The shares of Preferred
Stock are senior to Common Stock with respect to dividends and the distribution
of assets upon the dissolution, liquidation or winding up of the Company. The
Company's board of directors is authorized to approve the issuance of one or
more classes or series of Preferred Stock without further authorization of the
Company's shareholders (except as may be required under applicable stock
exchange requirements), and to determine the number of shares, the designations,
preferences, limitations and relative rights of such classes or series,
including provision for special, conditional, limited or no voting rights. Thus,
any series of the Preferred Stock may, if so determined by the board of
directors, have full voting rights with Common Stock or limited or no voting
rights (except as may be required by law), be convertible into or exchangeable
for Common Stock or another security, and have such other powers, preferences
and relative, participating, optional and other special rights, and such
qualification, limitations and restrictions thereof, as the board of directors
shall determine.
COMMON STOCK
The holders of Common Stock will be entitled to receive dividends when and
as declared by the board of directors of the Company out of funds legally
available therefor, subject to the terms of any Preferred Stock at the time
outstanding. The amount, declaration and timing of dividends will be a business
decision to be made by the Company's board of directors from time-to-time based
on the results of operations and the financial condition of the Company and its
subsidiaries and such other considerations as the board of directors considers
relevant.
VOTING RIGHTS
For all purposes, each registered holder of Common Stock will, at each
meeting of shareholders, be entitled to one vote for each Share of Common Stock
held, either in person or by proxy duly authorized in writing. Except to the
extent required by law or as permitted by the Restated Articles of
Incorporation, as amended, the registered holders of the shares of Common Stock
shall have unlimited and exclusive voting rights.
21
<PAGE>
LIQUIDATION RIGHTS
In the event of a liquidation, dissolution or winding up of the affairs of
the Company, the holders of Common Stock will be entitled to share ratably in
any assets remaining after payment in full of all liabilities of the Company and
the aggregate liquidation preference of any Preferred Stock then outstanding.
NO OTHER RIGHTS
The holders of Common Stock will have no preemptive rights to acquire or
subscribe to any Shares, or securities convertible into shares, of Common Stock.
The Common Stock contains no redemption provisions or conversion rights. The
holders of Common Stock do not have the right to cumulate their votes in the
election of directors.
LEGAL MATTERS
Legal matters with respect to the Common Stock offered hereby will be passed
upon for the Company by J. A. Rasmussen, Jr., 666 Grand Avenue, Des Moines, Iowa
50309, Group Vice President and General Counsel of the Company. Mr. Rasmussen is
an officer of the Company and as of June 20, 1995, owned with his wife 5,593
shares of Common Stock and no shares of Preferred Stock.
22
<PAGE>
--------------------------------- ---------------------------------
--------------------------------- ---------------------------------
A REGISTRATION STATEMENT WITH RESPECT TO THE MIDAMERICAN ENERGY COMPANY
SHAREHOLDER OPTIONS PLAN, AND WITH RESPECT TO SHARES OF COMMON STOCK, NO PAR
VALUE, OF MIDAMERICAN ENERGY COMPANY, HAS BEEN FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION, WASHINGTON, D.C. 20549. ADDITIONAL INFORMATION CONTAINED IN
EXHIBITS TO SAID REGISTRATION STATEMENT MAY BE EXAMINED AT THE COMMISSION'S
OFFICE IN WASHINGTON, D.C.
------------------------
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
---------
<S> <C>
Risk Factors....................... 3
Available Information.............. 3
Incorporation of Certain Documents
by Reference...................... 4
The Company........................ 5
Shareholder Options Plan........... 6
Description of Capital Stock....... 21
Legal Matters...................... 22
</TABLE>
MIDAMERICAN
ENERGY COMPANY
COMMON STOCK
(NO PAR VALUE)
SHAREHOLDER
OPTIONS
PLAN
---------------------
PROSPECTUS
---------------------
JULY __, 1995
--------------------------------- ---------------------------------
--------------------------------- ---------------------------------
<PAGE>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution
<TABLE>
<CAPTION>
<S> <C>
Registration fee--Securities and Exchange Commission. . . $28,904
Fees and expenses payable in connection with the
qualification or registration under the Securities
or "blue sky" laws of certain states. . . . . . . . . . 6,000
Printing expenses . . . . . . . . . . . . . . . . . . . . 30,000
New York Stock Exchange Listing Fees. . . . . . . . . . . 1,500
Miscellaneous expenses. . . . . . . . . . . . . . . . . . 1,596
-------
Total. . . . . . . . . . . . . . . . . . . . . . . . $ 68,000
--------
--------
</TABLE>
Item 15. Indemnification of Directors and Officers
Sections 490.850 through 490.857 of the Iowa Business Corporation Act
("IBCA") permit corporations organized thereunder to indemnify directors,
officers and employees against liability under certain circumstances.
Each of the Restated Articles of Incorporation, as amended, and the Restated
Bylaws of the Company provide for indemnification of directors, officers and
employees the full extent provided by the IBCA. Each of the Restated Articles
of Incorporation, as amended, and the Restated Bylaws state that the
indemnification provided therein shall not be deemed exclusive. The Company may
purchase and maintain insurance on behalf of any person who is or was a
director, officer, or employee of the Company or another corporation,
partnership, joint venture, trust or other enterprise against any expense,
liability or loss, whether or not the Company would have the power to indemnify
such person against such expense, liability or loss under the IBCA. Pursuant to
Section 490.857 of the IBCA, the Restated Articles of Incorporation, as amended,
and the Restated Bylaws, the Company maintains directors' and officers'
liability insurance coverage. The Company has also entered into indemnification
agreements with certain directors and officers, and expects to enter into
similar agreements with future directors and officers, to further assure such
persons indemnification as permitted by Iowa law.
As permitted by Section 490.832 of the IBCA, the Restated Articles of
Incorporation, as amended, of the Company provide that no director shall be
personally liable to the Company or its shareholders for monetary damages for
breach of fiduciary duty as a director, except for liability (i) for any breach
of the director's duty of loyalty to the Company or its shareholders, (ii) for
acts or omissions not in good faith or which involve intentional misconduct or a
knowing violation of law, (iii) under Section 490.833 of the IBCA (relating to
certain unlawful distributions to shareholders) or (iv) for any transaction from
which the director derived an improper personal benefit.
II-1
<PAGE>
Item 16. Exhibits
4.1 Restated Articles of Incorporation of the Company, as amended (filed
as Exhibit 3 to the Company's Registration Statement on Form 8-B, File
No. 1-11505)*
4.2 Restated Bylaws of the Company (filed as Exhibit 4 to the Company's
Registration Statement on Form 8-B, File No. 1-11505)*
5 Opinion of John A. Rasmussen, Jr., Esq.**
23.1 Consent of John A. Rasmussen, Jr. (included in Exhibit 5)
23.2 Consent of Arthur Andersen LLP
24 Powers of Attorney
-----------------
* Incorporated herein by reference
**Included in initial filing hereof
Item 17. Undertakings
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement: (i) To
include any prospectus required by Section 10(a)(3) of the Securities Act
of 1933; (ii) To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the
Registration Statement; (iii) To include any material information with
respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in the
Registration Statement; Provided, however, that the registrant need not
file a post-effective amendment to include the information required to be
included by subsection (i) or (ii) if such information is contained in
periodic reports filed by the registrant pursuant to Section 13 or Section
15(d) of the Securities Exchange Act of 1934, which are incorporated by
reference in the Registration Statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(4) That, for purposes of determining any liability under the
Securities Act of 1933, each filing of the registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act
of 1934 that is incorporated by reference in this Registration Statement
shall be deemed to be a new registration
II-2
<PAGE>
statement relating to the securities offered herein, and the offering of
such securities at that time shall be deemed to be the initial bona fide
offering thereof.
(5) Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director,
officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) as asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.
II-3
<PAGE>
SIGNATURES
THE REGISTRANT. Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-3 and has duly caused this
pre-effective amendment to the registration statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Des
Moines, and State of Iowa as of this 4th day of August, 1995.
MIDAMERICAN ENERGY COMPANY
By Russell E. Christiansen*
--------------------------------------
Russell E. Christiansen
Chairman and Chairman, Office of the
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
pre-effective amendment to the registration statement has been signed below by
the following persons in the capacities indicated as of this 4th day of August,
1995.
Signature Title
--------- -----
Russell E. Christiansen* Chairman of the Board, Chairman, Office of
------------------------------ the Chief Executive Officer, and Director
Russell E. Christiansen (Principal Executive Officer)
Stanley J. Bright* President and President, Office of the Chief
------------------------------ Executive Officer, and Director (Principal
Stanley J. Bright Executive Officer)
Lance E. Cooper* Group Vice President, Finance and Accounting
------------------------------ (Principal Financial Officer and Principal
Lance E. Cooper Accounting Officer)
John W. Aalfs* Director
------------------------------
John W. Aalfs
Betty T. Asher* Director
------------------------------
Betty T. Asher
II-4
<PAGE>
Robert A. Burnett* Director
------------------------------
Robert A. Burnett
Ross D. Christensen* Director
------------------------------
Ross D. Christensen
John W. Colloton* Director
------------------------------
John W. Colloton
Frank S. Cottrell* Director
------------------------------
Frank S. Cottrell
Jack W. Eugster* Director
------------------------------
Jack W. Eugster
William C. Fletcher* Director
------------------------------
William C. Fletcher
Mel Foster, Jr.* Director
------------------------------
Mel Foster, Jr.
Nolden Gentry* Director
------------------------------
Nolden Gentry
James M. Hoak, Jr.* Director
------------------------------
James M. Hoak, Jr.
Richard L. Lawson* Director
------------------------------
Richard L. Lawson
Robert L. Peterson* Director
------------------------------
Robert L. Peterson
Richard A. Schneider* Director
------------------------------
Richard A. Schneider
II-5
<PAGE>
Nancy L. Seifert* Director
------------------------------
Nancy L. Seifert
W. Scott Tinsman* Director
------------------------------
W. Scott Tinsman
Leonard L. Woodruff* Director
------------------------------
Leonard L. Woodruff
*By /s/ Paul J. Leighton
--------------------------------
Paul J. Leighton
Attorney-in-fact
II-6
<PAGE>
EXHIBIT LIST
Exhibit
Number Description
------- -----------
4.1 Restated Articles of Incorporation of the Company, as amended (filed
as Exhibit 3 to the Company's Registration Statement on Form 8-B, File
No. 1-11505)*
4.2 Restated Bylaws of the Company (filed as Exhibit 4 to the Company's
Registration Statement on Form 8-B, File No. 1-11505)*
5 Opinion of John A. Rasmussen, Jr., Esq.**
23.1 Consent of John A. Rasmussen, Jr. (included in Exhibit 5)
23.2 Consent of Arthur Andersen LLP
24 Powers of Attorney
________________________
* Incorporated herein by reference
**Included in initial filing hereof
II-7
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Pre-Effective Amendment No. 1 to the Registration Statement
on Form S-3, Registration No. 33-60549, of our report dated July 1, 1995,
included in MidAmerican Energy Company's July 1, 1995 Form 8-K, and our
report dated January 27, 1995, included in each of Midwest Resources Inc.'s
and Midwest Power Systems Inc.'s Form 10-K for the year ended December 31,
1994, and to all references to our Firm included in this Pre-Effective
Amendment No. 1.
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Chicago, Illinois
August 3, 1995
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the incorporation by
reference in this Pre-Effective Amendment No. 1 to the Registration Statement
on Form S-3, Registration No. 33-60549 of our report dated January 28, 1993,
covering the consolidated balance sheet and statement of capitalization of
Iowa-Illinois Gas and Electric Company and Subsidiary Company
("Iowa-Illinois") as of December 31, 1992, and the related statements of
income, retained earnings and cash flows for the year then ended, included in
the Iowa-Illinois Form 10-K for the year ended December 31, 1994, (Commission
file number 1-3573), and to all references to our Firm included in this
Pre-Effective Amendment No. 1. It should be noted that we have not audited
any financial statements of Iowa-Illinois subsequent to December 31, 1992, or
performed any audit procedures subsequent to the date of our report.
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Chicago, Illinois
Auugst 3, 1995
<PAGE>
Exhibit 24
POWER OF ATTORNEY
The undersigned does hereby appoint Paul J. Leighton and John A. Rasmussen,
Jr., and each of them severally, his true and lawful attorneys, with full power
of substitution in his name, place and stead, to execute on his behalf a
registration statement on Form S-3 to be filed pursuant to the Securities Act of
1933, as amended, in connection with the registration of common stock, no par
value, of MidAmerican Energy Company and any and all amendments thereto, and
other documents relating thereto, including exhibits, and to file the same with
the Securities and Exchange Commission. Each of such attorneys shall have full
power and authority to do and perform each and every act with or without the
others.
IN WITNESS WHEREOF, the undersigned have duly executed this instrument as
of August 4, 1995.
MIDAMERICAN ENERGY COMPANY
By: /s/ Lance E. Cooper
----------------------------------------
Lance E. Cooper
Group Vice President, Finance and Accounting
(Principal Accounting Officer and Principal
Financial Officer)
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
29th day of May, 1995.
John W. Aalfs
----------------------------------------
John W. Aalfs
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A.Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that John W. Aalfs, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 29th day of May, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
30th day of May, 1995.
Betty T. Asher
----------------------------------------
Betty T. Asher
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Donna Hahn, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Betty T. Asher, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that she signed and delivered the
said instrument as her free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 30th day of May, 1995.
Donna Hahn
----------------------------------------
My commission expires 10/26/96
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
1st day of June, 1995.
Robert A. Burnett
----------------------------------------
Robert A. Burnett
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Robert A. Burnett, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 1st day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
30th day of May, 1995.
Ross D. Christensen
----------------------------------------
Ross D. Christensen
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Ross D. Christensen, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 30th day of May, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
1st day of June, 1995.
Russell E. Christiansen
----------------------------------------
Russell E. Christiansen
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Russell E. Christiansen, personally known to
me to be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 1st day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
29th day of May, 1995.
Jack W. Eugster
----------------------------------------
Jack W. Eugster
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Jack W. Eugster, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 29th day of May, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
13th day of June, 1995.
Nolden Gentry
----------------------------------------
Nolden Gentry
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Nolden Gentry, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 13th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
1st day of June, 1995.
James M. Hoak, Jr.
----------------------------------------
James M. Hoak, Jr.
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that James M. Hoak, Jr., personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 1st day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
5th day of June, 1995.
Robert L. Peterson
----------------------------------------
Robert L. Peterson
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Robert L. Peterson, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he/she signed and
delivered the said instrument as his/her free and voluntary act, for the uses
and purposes therein set forth.
WITNESS my hand and seal this 5th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
1st day of June, 1995.
Richard L. Lawson
----------------------------------------
Richard L. Lawson
DISTRICT OF COLUMBIA )
) ss.
)
I, Ann Marie Jacob, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Richard L. Lawson, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 1st day of June, 1995.
Ann Marie Jacob
----------------------------------------
My commission expires 7/31/98
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
30th day of May, 1995.
Richard A. Schneider
----------------------------------------
Richard A. Schneider
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Richard A. Schneider, personally known to me
to be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 30th day of May, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
Stanley J. Bright
----------------------------------------
Stanley J. Bright
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Stanley J. Bright, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
John W. Colloton
----------------------------------------
John W. Colloton
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that John W. Colloton, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
Frank S. Cottrell
----------------------------------------
Frank S. Cottrell
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Frank S. Cottrell, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
William C. Fletcher
----------------------------------------
William C. Fletcher
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that William C. Fletcher, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Julie A. Williams
----------------------------------------
My commission expires 7/7/97
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
Mel Foster Jr.
----------------------------------------
Mel Foster Jr.
STATE OF IOWA )
) ss.
COUNTY OF SCOTT )
I, Donna J. Orme, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Mel Foster Jr., personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Donna J. Orme
----------------------------------------
My commission expires 3/25/96
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
Nancy L. Seifert
----------------------------------------
Nancy L. Seifert
STATE OF IOWA )
) ss.
COUNTY OF LYNN )
I, Regina R. Huggins, Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Nancy L. Seifert, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that she signed and delivered the
said instrument as her free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Regina R. Huggins
----------------------------------------
My commission expires 10/19/95
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
W. Scott Tinsman
----------------------------------------
W. Scott Tinsman
STATE OF IOWA )
) ss.
COUNTY OF SCOTT )
I, Deborah L. Olson, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that W. Scott Tinsman, personally known to me to be
the same person whose name is subscribed to the foregoing instrument, appeared
before me this day in person, and acknowledge that he signed and delivered the
said instrument as his free and voluntary act, for the uses and purposes therein
set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Deborah L. Olson
----------------------------------------
My commission expires 4/8/96
-------------------
<PAGE>
POWER OF ATTORNEY
The undersigned hereby appoints Lance E. Cooper, Brent E. Gale, Paul J.
Leighton and John A. Rasmussen, Jr., and each of them severally, the
undersigned's true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place and
stead, in any and all capacities to sign a registration statement or
registration statements on Form S-8 for the registration under the Securities
Act of 1933, as amended, of the common stock of MidAmerican Energy Company, an
Iowa corporation (the "Company"), and interests in the MidAmerican Energy
Company employee stock purchase plan, and 401(k) salary deferral or savings
plans, and any and all amendments (including post-effective amendments) to such
registration statement(s), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or registration
under state Blue Sky or securities laws of such states, granting unto such
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite or necessary to be done in
and about the premises, as fully to all intents and purposes the undersigned
might or could do in person, ratifying and confirming all that such attorneys-
in-fact and agents, or any of them, or their or any individual attorney-in-fact
and agent's substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
Further, that the undersigned hereby constitutes and appoints the above-
named attorneys-in-fact and agents, with full power of substitution and
resubstitution for and in the undersigned's name, place and stead, in any and
all capacities to sign a registration statement on Form S-3 for the registration
under the Securities Act of 1933, as amended, of the common stock of the
Company, and interests in the MidAmerican Energy Company dividend reinvestment
and stock purchase plan and any and all amendments (including post-effective
amendments) to such registration statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, and any documents relating to the
qualification or registration under state Blue Sky or securities laws of such
states, granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing requisite or
necessary to be done in and about the premises, as fully to all intents and
purposes the undersigned might or could do in person, ratifying and confirming
all that such attorneys-in-fact and agents, or any of them, or their or any
individual attorney-in-fact and agent's substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this instrument this
26th day of June, 1995.
Leonard L. Woodruff
----------------------------------------
Leonard L. Woodruff
STATE OF IOWA )
) ss.
COUNTY OF POLK )
I, Julie A. Williams, a Notary Public in and for said County, in the State
aforesaid, DO HEREBY CERTIFY that Leonard L. Woodruff, personally known to me to
be the same person whose name is subscribed to the foregoing instrument,
appeared before me this day in person, and acknowledge that he signed and
delivered the said instrument as his free and voluntary act, for the uses and
purposes therein set forth.
WITNESS my hand and seal this 26th day of June, 1995.
Julie A. Williams
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My commission expires 7/7/97
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<PAGE>
CERTIFICATE
I, Paul J. Leighton, do hereby certify that I am a Vice President and
Corporate Secretary of MidAmerican Energy Company (the "Company"), an Iowa
corporation, that set forth below is a correct copy of certain resolutions
duly adopted by the Board of Directors of such corporation on July 1, 1995;
and that such resolutions have not in any respect been altered, amended or
repealed.
AUTHORIZATION OF POWER OF ATTORNEY FOR REGISTRTAION STATEMENTS
--------------------------------------------------------------
RESOLVED, that Lance E. Cooper, Brent E. Gale, Paul J. Leighton and
John A. Rasmussen, Jr., and each of them severally, are hereby appointed
as the undersigned's true and lawful attorneys-in-fact and agents, with
full power of substitution and resubstitution for and in the
undersigned's name, place and stead, in any and all capacities to sign a
registration statement or registration statements on Form S-8 for the
registration under the Securities Act of 1933, as amended, of the common
stock of MidAmerican Energy Copmany, an Iowa corporation (the "Company"),
and interests in the MidAmerican Energy Company employee stock purchase
plan, and 401(k) salary deferral or savings plans, and any and all
amendments (including post-effective amendments) to such registration
statement(s), and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange
Commission, and any documents relating to the qualification or
registration under state Blue Sky or securities laws of such states,
granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to
all intents and purposes the undersigned might or could do in person,
ratifying and confirming all that such attorneys-in-fact and agents, or
any of them, or their or any individual attorney-in-fact and agent's
substitute or substitutes, may lawfully do or cause to be done by virtue
hereof; and it is
FURTHER RESOLVED, that the undersigned hereby constitutes and
appoints Lance E. Cooper, Brent E. Gale, Paul J. Leighton and John A.
Rasmussen, Jr. attorneys-in-fact and agents, with full power of
substitution and resubstitution for and in the undersigned's name, place
and stead, in any and all capacities to sign a registration statement on
Form S-3 for the registration under the Securities Act of 1933, as
amended, of the common stock of the Company, and interests in the
MidAmerican Energy Company dividend reinvestment and stock purchase
plan and any and all amendments (including post-effective amendments)
to such registration statement, and to file the same, with all exhibits
thereto and other documents in connection therewith, with the Securities
and Exchange Commission, and any documents relating to the qualification
or registration under state Blue Sky or securities laws of such states,
granting unto such attorneys-in-fact and agents, and each of them, full
power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to
all intents and purposes the undersigned might or could do in person,
ratifying and confirming all that such attorneys-in-fact and agents, or
any of them, or their or any individual attorney-in-fact and agent's
substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.
IN WITNESS WHEREOF, I have signed this Certificate on July 17, 1995.
/s/ Paul J. Leighton
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Paul J. Leighton
Vice President and Corporate Secretary
