MIDAMERICAN ENERGY CO
S-4/A, 1996-09-04
ELECTRIC SERVICES
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- --------------------------------------------------------------------------------
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 4, 1996
                                                      REGISTRATION NO. 333-10405
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                           -------------------------

                                  PRE-EFFECTIVE
                                 AMENDMENT NO. 11
                                       TO
                                    FORM S-4
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

                           -------------------------

                           MIDAMERICAN ENERGY COMPANY
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

<TABLE>
<S>                              <C>                           <C>
IOWA                             4924                          42-1425214
(STATE OR OTHER JURISDICTION OF  (PRIMARY STANDARD INDUSTRIAL  (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)   CLASSIFICATION CODE NUMBER)   IDENTIFICATION
                                                               NUMBER)
</TABLE>
                                666 GRAND AVENUE
                                  P.O. BOX 657
                            DES MOINES, IA 50303-0657
                                 (515) 242-4300
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

                           -------------------------

                                PHILIP G. LINDNER
                GROUP VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
                           MIDAMERICAN ENERGY COMPANY
                                666 GRAND AVENUE
                                  P.O. BOX 657
                            DES MOINES, IA 50303-0657
                                 (515) 242-4300
 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                             OF AGENT FOR SERVICE)

                           -------------------------

                                   Copies to:

                                  DAVID M. KIES
                                JOSEPH B. FRUMKIN
                               SULLIVAN & CROMWELL
                                125 BROAD STREET
                            NEW YORK, NEW YORK 10004

                           -------------------------

     APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:  AS SOON
AS PRACTICABLE AFTER THE CONSUMMATION OF THE BUSINESS COMBINATION TRANSACTION
DESCRIBED HEREIN.

     If the  securities  being  registered  on this  form are being  offered  in
connection  with the formation of a holding company and there is compliance with
General Instruction G, check the following box. / /

                           -------------------------

                         CALCULATION OF REGISTRATION FEE
- --------------------------------------------------------------------------------
<TABLE>
<S>                   <C>           <C>           <C>           <C>
- ------------------------------------------------------
                                    PROPOSED
                                    MAXIMUM PROPOSED
                                    OFFERING MAXIMUM
TITLE OF EACH CLASS                 PRICE PER     AGGREGATE
OF SECURITIES TO BE   AMOUNT TO BE  SHARE OF      OFFERING      AMOUNT OF
REGISTERED            REGISTERED    COMMON STOCK  PRICE         REGISTRATION FEE
</TABLE>

- --------------------------------------------------------------------------------

<TABLE>
<S>                   <C>           <C>           <C>           <C>

Common stock,                       Not
no par value          42,122,473    applicable    $594,759,971  $205,090(1)
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) Previously paid.

                           -------------------------

     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 OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION,  ACTING PRUSUANT TO SAID SECTION 8(A),
MAY DETERMINE.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       AMENDMENT TO REGISTRATION STATEMENT

         The Registrant hereby amends the Registration  Statement to incorporate
the exhibit or exhibits filed herewith and to add the following item or items to
Item 21. See  "Incorporation  of Certain  Information by Reference" in the Proxy
Statement contained in the Registration Statement.

Exhibit           Description

99(qq)            Letter to Members of the Professional Investment Community
99(rr)            Personal Solicitation Answering Machine Script


                                   Signatures

         Pursuant to the  requirements of the Securities Act, the registrant has
duly  caused  this  registration  statement  to be signed  on its  behalf by the
undersigned,  thereunto duly  authorized, in  the City of  Des Moines,  State of
Iowa, on the 4th day of September, 1996.

                                                  MIDAMERICAN ENERGY COMPANY

                                                  By /s/ S. J. BRIGHT

                                                  -----------------------------
                                                  S. J. Bright
                                                  President, Chief Executive
                                                  Officer and Director

         Pursuant to the  requirements  of the Securities  Exchange Act of 1933,
this report has been signed  below by the  following  persons in the  capacities
indicated, on the date set forth above.

<TABLE>
<CAPTION>
SIGNATURE                                            TITLE
- -----------------------------------     ------------------------------
<C>                                     <S>
  /s/  R. E. CHRISTIANSEN*              Chairman of the Board of Directors
- -----------------------------------     and Director
         R. E. Christiansen

  /s/  S. J. BRIGHT                     President, Chief Executive Officer
- -----------------------------------     and Director
         S. J. Bright

  /s/  P. G. LINDNER                    Group Vice President and Chief
- -----------------------------------     Financial Officer (Principal
         P. G. Lindner                  Accounting Officer)


<PAGE>



  /s/  J. W. AALFS*                     Director
- -----------------------------------
         J. W. Aalfs

  /s/  R. A. BURNETT*                   Director
- -----------------------------------
         R. A. Burnett

  /s/ R. D. CHRISTENSEN*                Director
- -----------------------------------
         R. D. Christensen

  /s/  J. W. COLLOTON*                  Director
- -----------------------------------
         J. W. Colloton

  /s/  F. S. COTTRELL*                  Director
- -----------------------------------
         F. S. Cottrell

  /s/  J. W. EUGSTER*                   Director
- -----------------------------------
         J. W. Eugster

  /s/  M. FOSTER, JR.*                  Director
- -----------------------------------
         M. Foster, Jr.

  /s/  N. GENTRY*                       Director
- -----------------------------------
         N. Gentry

  /s/  J. M. HOAK, JR.*                 Director
- -----------------------------------
         J. M. Hoak, Jr.

  s/s  R. L. LAWSON*                    Director
- -----------------------------------
         R. L. Lawson

  /s/  R. L. PETERSON*                  Director
- -----------------------------------
         R. L. Peterson

<PAGE>

  /s/  N. L. SEIFERT*                   Director
- -----------------------------------
         N. L. Seifert

  /s/  W. S. TINSMAN                    Director
- -----------------------------------
         W. S. Tinsman

  /s/  L. L. WOODRUFF*                  Director
- -----------------------------------
         L. L. Woodruff

         *By:  /s/  P. J. LEIGHTON
- -----------------------------------
         (P. J. Leighton
         as Attorney-in-fact of
         the persons indicated)
</TABLE>

                                  EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER                        DESCRIPTION OF DOCUMENT
- --------------------------------------------------------------------------------
<C>               <S>

99(qq)            Letter to Members of the Professional Investment Community
99(rr)            Personal Solicitation Answering Machine Script


</TABLE>

                                       -1-



Exhibit 99(qq)

[Letter to Members of the Professional Investment Community]

September 3, 1996



Members of the Professional Investment Community:

As you assist  your  clients in making a decision on the IES  Industries  merger
vote on  September  5, we believe  the  following  elements  of the  MidAmerican
proposal should be considered:

         *      Higher  Value  -  MidAmerican's  proposal  offers  a 25%  higher
                dividend than the  Wisconsin  deal and a $2.47 (based on 8/30/96
                closing   prices)  greater  value  per  share  for  a  tax-free,
                stock-for-stock exchange.  MidAmerican also offers a cash option
                at $39 per share for those who wish to sell their  stock.  (Cash
                option available for up to 40% of shares).

         *      Clear Strategy - MidAmerican intends to be a major regional
                energy and communications company.

         *      Natural  Fit  -  MidAmerican  and  IES  system  integration  and
                contiguous  and  overlapping   territory  make  the  MidAmerican
                proposal compelling.

         *      Commitment - MidAmerican's commitment to this unique strategic
                opportunity is unwavering.

We urge  your  support  for  the  MidAmerican  proposal  by a VOTE  AGAINST  the
Wisconsin transaction.

Thank you for your support.

Sincerely,



Stanley J. Bright
President and CEO


         MidAmerican  has filed with the  Securities  and Exchange  Commission a
proxy  statement and other  materials  relating to the  solicitation  of proxies
against the Proposed  Wisconsin  Transaction  and that proxy  statement  and the
other materials are incorporated herein by reference.



Exhibit 99(rr)

[Personal Solicitation Answering Machine Script]

                            ANSWERING MACHINE SCRIPT

"Hello, this is ..............., an employee of MidAmerican Energy.  We've been
unable to contact you previously, and have some important information regarding
the proposed merger between IES and a Wisconsin utility."

"Recently,  Institutional Shareholder Services, the nation's leading independent
shareholder  organization,  recommended that IES  shareholders  vote AGAINST the
Wisconsin deal because  MidAmerican's  proposal provides a higher dividend and a
higher value for your IES shares."

"If you have not done so already,  we ask that you vote  AGAINST  the  Wisconsin
deal by sending or faxing your BLUE MidAmerican proxy card  immediately.  If you
have questions, please call toll-free 1-888-776-4692. Thank you."



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