MidAmerican Files with U.K. Financial Services Authority and Commission of the European Communities
For more information, contact:
MidAmerican Energy Holdings Company:
Sara J. Schillinger/Ann Thelen
515-281-2785
DES MOINES, Iowa – (Oct. 9, 2008) – MidAmerican Energy Holdings Company today made regulatory filings with the U.K. Financial Services Authority and the Commission of the European Communities regarding its proposed merger with Constellation Energy (NYSE: CEG). An Application for Change in Controller was filed with the Financial Services Authority, and a Short Form Notification of a Proposed Concentration was submitted to the Commission of the European Communities.
“These filings further advance our plan to achieve prompt shareholder and regulatory approvals for our merger with Constellation Energy,” said Gregory E. Abel, president and chief executive officer of MidAmerican. “This merger will bring needed long-term financial stability to Constellation Energy.”
On Sept. 19, MidAmerican and Constellation Energy reached a definitive merger agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The definitive agreement has been approved by both companies’ boards of directors and is subject to, among other things, shareholder and customary regulatory approvals.
About MidAmerican Energy Holdings
MidAmerican Energy Holdings Company, based in Des Moines, Iowa, is a global provider of energy services. Through its energy-related business platforms, MidAmerican provides electric and natural gas service to more than 6.9 million customers worldwide. These business platforms are Pacific Power, Rocky Mountain Power and PacifiCorp Energy, which comprise PacifiCorp; MidAmerican Energy Company; Northern Electric and Yorkshire Electricity, which comprise CE Electric UK; Northern Natural Gas Company; Kern River Gas Transmission Company; and CalEnergy. Information about MidAmerican is available at www.midamerican.com.
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