SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 23, 1997
Commission Exact Name Of Registrant As IRS Employer
File Number Specified In Its Charter Identification No.
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1-12459 MidAmerican Energy Holdings Company 42-1451822
(An Iowa Corporation)
1-11505 MidAmerican Energy Company 42-1425214
(An Iowa Corporation)
666 Grand Avenue, P. O. Box 657, Des Moines, Iowa 50303-0657
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 515/242-4300
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Item 4. Changes in Registrant's Certifying Accountant.
a. On April 14, 1997, management of MidAmerican Energy Holdings Company
informed Arthur Andersen LLP of a plan to recommend a change in
independent accountants for 1997 for MidAmerican Energy Holdings
Company and its subsidiaries, including MidAmerican Energy Company (the
"Company"), at the regularly scheduled meeting of the Audit Committee
of the Company's Board of Directors on April 22, 1997. On April 23,
1997, Company management informed Arthur Andersen LLP that the firm
would no longer be engaged as independent accountants for the Company
for accounting periods subsequent to the fiscal year ended December 31,
1996.
Arthur Andersen LLP's reports on the Company's financial statements for
the two most recent fiscal years ended December 31, 1995 and 1996
contained no adverse opinion or disclaimer of opinion and were not
qualified or modified as to uncertainty, audit scope or accounting
principles.
During the two most recent fiscal years ended December 31, 1995 and
1996, and during subsequent interim periods through April 23, 1997,
there were no disagreements with Arthur Andersen LLP on any matter of
accounting principles or practices, financial statement disclosures, or
auditing scope or procedures, which disagreements, if not resolved to
the satisfaction of Arthur Andersen LLP, would have caused it to make a
reference to the subject matter of the disagreements in connection with
its audit reports.
During the two most recent fiscal years ended December 31, 1995 and
1996, and during subsequent interim periods through April 23, 1997,
there were no reportable events (as defined in Securities and Exchange
Commission Regulation S-K Item 304(a)(1)(v)).
The Company requested Arthur Andersen LLP to furnish a letter addressed
to the Commission stating whether it agrees with the above statements.
Arthur Andersen LLP's letter dated April 24, 1997 is filed as Exhibit
16 to this Form 8-K.
b. At its regularly scheduled meeting on April 22, 1997, the Audit
Committee of MidAmerican Energy Holdings Company's Board of Directors
recommended, and at its regularly scheduled meeting on April 23, 1997,
the full Board approved, the appointment of the accounting firm of
Coopers & Lybrand L.L.P. as independent accountants for the Company for
1997. During the last two fiscal years ending December 31, 1996 and
through April 23, 1997, the Company did not consult Coopers & Lybrand
L.L.P. regarding any of the matters or events set forth in Securities
and Exchange Commission Regulation S-K Item 304(a)(2)(i) and (ii).
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. 16 - Letter from Arthur Andersen LLP dated April
24, 1997.
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
MIDAMERICAN ENERGY HOLDINGS COMPANY
MIDAMERICAN ENERGY COMPANY
/s/ Paul J. Leighton
Paul J. Leighton
Vice President and Corporate Secretary
April 25, 1997
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Exhibit 16
[ARTHUR ANDERSEN LETTERHEAD]
April 24, 1997
Office of Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Chief Accountant:
We have read Item 4 of the Current Report on Form 8-K of MidAmerican Energy
Holdings Company dated April 24, 1997 and are in agreement with the statements
contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
Arthur Andersen LLP
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