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MidAmerican Energy Holdings Company

 
Hoover's Profile: MidAmerican Energy Holdings Company
Contact Information
MidAmerican Energy Holdings Company
666 Grand Ave., Ste. 500
Des Moines, IA 50309-2580
IA Tel. 515-242-4300
Fax 515-281-2389

Type: Subsidiary
On the web: http://www.midamerican.com
Employees: 17,200
Employee growth: (3.4%)

MidAmerican Energy Holdings reaches farther than its name implies. The company generates, transmits, and distributes electricity and natural gas to 6.9 million customers across the US and the UK, primarily through subsidiaries MidAmerican Energy Company, PacifiCorp, and CE Electric UK. UK regional distribution subsidiaries Northern Electric and Yorkshire Electricity serve about 3.8 million electricity customers. MidAmerican Energy Holdings also has independent power production; real estate (HomeServices of America); and gas exploration, production, and pipeline operations (Kern River Gas Transmission and Northern Natural Gas). Warren Buffett's Berkshire Hathaway controls the company.

Key numbers for fiscal year ending December, 2007:
Sales: $12,376.0M
One year growth: 20.1%
Net income: $1,189.0M
Income growth: 29.8%

Officers:
Chairman: David L. Sokol
President, CEO, and Director; CEO, CE Electric UK; Chairman and CEO, PacifiCorp: Gregory E. (Greg) Abel
SVP and CFO: Patrick J. Goodman

Competitors:
Alliant Energy
Entergy
Scottish and Southern Energy

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Wikipedia: MidAmerican Energy Holdings Company
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MidAmerican Energy Holdings Company is a holding company controlled by Warren Buffett's Berkshire Hathaway. David L Sokol is Midamerican's president and CEO since 1991.

Contents

Investments

MidAmerican holds the following companies:

On September 18, 2008, MidAmerican announced $26.50-a-share cash offer to purchase Constellation Energy, a FORTUNE 125 company with 2007 revenues of $21 billion and the nation's largest competitive supplier of electricity to large commercial and industrial customers and largest wholesale power seller.

Cars

MidAmerican is discussing with BYD Auto how to set up a U.S. dealer network for the F6DM plug-in hybrid electric car, which would likely go head to head with offerings from industry heavyweights Toyota, General Motors, Ford and Chrysler [1].

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