MIDAMERICAN ENERGY CO
S-4/A, 1996-08-30
ELECTRIC SERVICES
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- --------------------------------------------------------------------------------
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 30, 1996
                                                      REGISTRATION NO. 333-10405
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                  PRE-EFFECTIVE
                                 AMENDMENT NO. 9
                                       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(ll)            MidAmerican Energy News Release
99(mm)            August 30, 1996 Newspaper Advertisement
99(nn)            Newspaper Advertisement

                                   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 30th day of August, 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(ll)            MidAmerican Energy News Release
99(mm)            August 30, 1996 Newspaper Advertisement
99(nn)            Newspaper Advertisement

</TABLE>

                                       -1-



Exhibit 99(ll)

[MidAmerican Energy News Release]

[MidAmerican Energy Logo]

Contact:  Keith Hartje (Media) Sue Rozema (Investors) Chuck Burgess/Adam Miller
          (515) 281-2575       (515) 281-2250         Abernathy MacGregor Group
                                                      (212) 371-5999

For Release:  IMMEDIATELY

                   MIDAMERICAN ASKS FERC TO REJECT IES FILING

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

Des Moines,  Iowa (August 29, 1996) --  MidAmerican  Energy  Company  (NYSE:MEC)
continued  its effort to obtain  prompt  regulatory  approvals  of its  proposed
merger with IES  Industries  Inc.  (NYSE:IES)  by filing a motion today with the
Federal Energy  Regulatory  Commission (FERC) asking the FERC to reject a recent
IES  filing.  On  August  28,  IES  filed a motion  with the  FERC  asking  that
MidAmerican's merger application be rejected.

"We are  confident  that  our  merger  application  will  move  forward  without
interruption," said Stanley J. Bright,  president and CEO of MidAmerican Energy.
"We believe that our proposal is in the best  interests of the  shareholders  of
IES, MidAmerican Energy and the state of Iowa. Our FERC filing, which took place
only 21 days after we announced  our merger  proposal,  is an  indication of our
resolve and dedication to the pursuit of a MidAmerican/IES merger."

IES took almost four months to file for approval  regarding its proposed  merger
with WPL Holdings,  Inc. and Interstate  Power Company (The  "Wisconsin  deal").
IES' filing was amended as recently as July 29, 1996.

Mr. Bright further  explained  that the proposed  merger with IES will allow the
two companies,  which have contiguous and overlapping  service  territories,  to
realize synergies that the Wisconsin deal cannot match.

MidAmerican  previously  announced  it has filed a plan with the Iowa  Utilities
Board  that would  reduce or freeze  prices  for its  retail  customers  in Iowa
through the year 2001.  If  MidAmerican's  proposal is approved,  IES  customers
could realize savings from that plan.


MidAmerican  Energy Company,  Iowa's largest  utility,  serves 635,000  electric
customers and 600,000 natural gas customers in Iowa, Illinois,  South Dakota and
Nebraska. The Company is headquartered in Des Moines.

                                      # # #

MidAmerican  has filed  with the  Securities  and  Exchange  Commission  a proxy
statement and other  materials  relating to the  solicitation of proxies against
the proposed  IES/WPL/Interstate  transaction  and that proxy  statement and the
other materials are incorporated herein by reference.



Exhibit 99(mm)

[August 30, 1996 Newspaper Advertisement]

                              Independent experts
                            recommend voting against
                              the Wisconsin Deal:

******************************************************************************

                                 'Vote AGAINST'
             Institutional Shareholder Services (ISS), Bethesda, MD
       An independent proxy voting advisory organization providing advice
                to holders of more than two million IES shares.

                                 'Vote AGAINST'
                   Edward Tirello, Jr., utilities analyst for
                     NatWest Securities Corp., New York, NY

                                 "Vote AGAINST'
                    E. B. Wright, Executive Vice President,
             Broker Dealer Financial Services Corp., Des Moines, IA

                IES shareholders: To make sure your vote counts,
                  vote today! Your BLUE proxy must be received
                         before Thursday, September 5.

********************************************************************************

                        Vote AGAINST the Wisconsin Deal

Time is of the eseence.  The IES meeting is  September 5---only days away. Check
the "Against" box; sign,  date and mail your BLUE  MidAmerican  proxy as soon as
possible.  We urge you not to return any green or white  proxies  sent to you by
IES. If you have  already  returned  your IES proxy,  we urge you to change your
vote and vote AGAINST the Wisconsin  deal by sending in the BLUE proxy.  If your
stock is held by your  brokerage,  call your broker to make sure your shares are
voted AGAINST.  Only the  latest-dated  proxy will count.  For more  information
about MidAmerican's merger proposal, call this toll-free number:
                        1-888-PRO-IOWA (1-888-776-4692)

******************************************************************************

[MidAmerican Energy Logo]

MidAmerican  has filed  with the  Securities  and  Exchange  Commission  a proxy
statement and other  materials  relating to the  solicitation of proxies against
the proposed  IES/WPL/Interstate  transaction  and that proxy  statement and the
other materials are incorporated herein by reference.



Exhibit 99(nn)

[Newspaper Advertisement]

                              Independent experts
                            recommend voting against
                              the Wisconsin Deal:

********************************************************************************

                                 'Vote AGAINST'

                   "The MidAmerican transaction presents a
                financially superior offer to IES shareholders.
                We recommend that IES shareholders vote AGAINST
                       the [Wisconsin] merger agreement."

             Institutional Shareholder Services (ISS), Bethesda, MD
      The nation's leading independent shareholder advisory organization.



                                 'Vote AGAINST'

                "IES has provided no compelling reasons for its
                    rejection of the MidAmerican offer.....
                We recommend that shareholders vote against the
           [Wisconsin deal] and in favor of MidAmerican's proposal."

                    Nat West Securities Corp., New York, NY



                Value Line says 'MidAmerican's offer [is] better'

             "We still consider MidAmerican's offer better for IES.
    It represents a 25% dividend increase and a slightly higher stock-price
                     premium than the WPL-IP arrangement."

                  Value Line Investment Survey, August 23, 1996

********************************************************************************
         Your BLUE proxy must be received before Thursday, September 5.
********************************************************************************

                        Vote AGAINST the Wisconsin Deal

Time is of the eseence.  The IES meeting is September  5---only days away. Check
the "Against" box; sign,  date and mail your BLUE  MidAmerican  proxy as soon as
possible.  We urge you not to return any green or white  proxies  sent to you by
IES. If you have  already  returned  your IES proxy,  we urge you to change your
vote and vote AGAINST the Wisconsin  deal by sending in the BLUE proxy.  If your
stock is held by your brokerage  firm, call your broker to make sure your shares
are voted AGAINST.  Only the latest-dated proxy will count. For more information
about MidAmerican's merger proposal, call this toll-free number:  1-888-PRO-IOWA
(1-888-776-4692)

[MidAmerican Energy Logo]

MidAmerican  has filed  with the  Securities  and  Exchange  Commission  a proxy
statement and other  materials  relating to the  solicitation of proxies against
the proposed  IES/WPL/Interstate  transaction  and that proxy  statement and the
other materials are incorporated herein by reference.



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