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EXHIBIT 99(a)
REPORT OF INDEPENDENT ACCOUNTANTS
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Board of Directors and Shareholder
MidAmerican Energy Company
We have audited the consolidated balance sheet and statement of capitalization
of MidAmerican Energy Company and subsidiaries (Company) as of December 31, 1998
and the related consolidated statements of income, retained earnings, and cash
flows for each of the two years in the period ended December 31, 1998 which are
included in MidAmerican Energy Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 1999 and incorporated by reference herein. We
have also audited the related financial statement schedule of Consolidated
Valuation and Qualifying Accounts listed in Item 14(a)2 of the Form 10-K for
each of the two years in the period ended December 31, 1998. These financial
statements and financial statement schedule are the responsibility of the
Company's management. Our responsibility is to express an opinion on these
financial statements and financial statement schedule based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of MidAmerican Energy Company and
subsidiaries as of December 31, 1998, and the results of their operations and
their cash flows for each of the two years in the period ended December 31, 1998
in conformity with accounting principles generally accepted in the United
States. In addition, in our opinion, the financial statement schedule referred
to above, when considered in relation to the basic financial statements taken as
a whole, presents fairly, in all material respects, the information required to
be included therein.
Kansas City, Missouri /s/ PricewaterhouseCoopers LLP
January 22, 1999 ----------------------------------
PricewaterhouseCoopers LLP
