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MidAmerican Energy Holdings Company Named Power Company of the Year

Posted on: Friday, 30 November 2007, 12:00 CST

MidAmerican Energy Holdings Company was named Power Company of the Year at the Platts 2007 Global Energy Awards last night.

The recognition honors MidAmerican as the leading power company in the world for 2007. The award was presented at a ceremony in New York City attended by energy executives from around the world.

"We are honored to receive the Power Company of the Year award and salute the other excellent companies that joined MidAmerican as finalists for this award," said David Sokol, chairman and chief executive officer, MidAmerican Energy Holdings Company. "My highest appreciation goes to MidAmerican's employees for their commitment to providing reliable, environmentally conscious and affordable energy to our customers around the world."

Judges credited MidAmerican's leadership in the energy industry, noting that "strategic forethought, technical know-how and a determination never to let the customer down are the corporate hallmarks of the company winning this award." MidAmerican also was cited for outstanding achievements in customer satisfaction, renewable generation and enhanced transmission infrastructure, among other improvements.

This is MidAmerican's fourth Platts Global Energy Award since the awards began in 1999. No other energy company has won this many awards.

Two MidAmerican subsidiaries also were finalists in the Global Energy Awards competition. Northern Natural Gas Company was nominated as Energy Transporter of the Year, and MidAmerican Energy Company was a finalist in two categories -- Community Development Program of the Year and Energy Construction Project of the Year.

MidAmerican Energy Holdings Company, based in Des Moines, Iowa, is a global provider of energy services. Through its energy-related business platforms -- PacifiCorp, MidAmerican Energy Company, CE Electric UK, Kern River Gas Transmission Company, Northern Natural Gas Company and CalEnergy -- MidAmerican provides electric and natural gas service to more than 6.9 million customers worldwide. Information on MidAmerican is available on the Internet at www.midamerican.com.

Source: Business Wire

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