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): May 29, 1998
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 5. OTHER EVENTS.
MidAmerican Energy Company, a public utility company and wholly owned
subsidiary of MidAmerican Energy Holdings Company, announced on May 29, 1998
MidAmerican Energy Company's Louisa Energy Center, a 700 MW coal-fired electric
generating plant, was shut down Wednesday morning, May 27, when a generator
step-up transformer failed. A copy of MidAmerican's press release is attached to
this report.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
Press Release of MidAmerican Energy Company dated May 29, 1998.
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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
June 1, 1998
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FOR IMMEDIATE RELEASE
May 29, 1998
Tim Grabinski at 515-281-2343
([email protected])
MidAmerican Energy Company's Louisa Energy Center, a 700 MW coal-fired electric
generating plant located near Muscatine, Iowa, was shut down Wednesday morning,
May 27, when a generator step-up transformer failed.
The company is in discussions with several parties regarding the lease of a
replacement transformer for use at Louisa. If a lease is arranged as expected,
the replacement transformer should be in place by mid to late summer, 1998. It
is expected that Louisa will then return to service with an output of
approximately 600 MW, due to the smaller size of the replacement transformer.
A preliminary inspection of the failed transformer indicated that it could be
repaired. The company anticipates that the repaired transformer will be
re-installed by the spring of 1999, allowing Louisa to operate at full capacity
at that time. The company is currently evaluating the costs of the Louisa
outage.
MidAmerican expects that electric service to its customers, and the price of
electricity paid by Iowa customers, will not be affected. During the outage, the
company intends to supply its customers with electricity from its other
generating resources as well as from purchases, when necessary, in the wholesale
electric market.
MidAmerican Energy Holdings Company, headquartered in Des Moines, Iowa, includes
MidAmerican Energy, Iowa's largest energy company. MidAmerican Energy serves
648,000 electric customers and 619,000 natural gas customers in Iowa, Illinois,
Nebraska and South Dakota. MidAmerican's common stock is traded on the New York
Stock Exchange under the symbol MEC. Information is available on the Internet at
http://www.midamerican.com.
