MidAmerican Funding Files 10-Q, Details Energy Sector Affiliates
| Field | Detail |
|---|---|
| Company | Midamerican Funding LLC |
| Form Type | 10-Q |
| Filed Date | Aug 4, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, Utility Sector, Berkshire Hathaway Energy, Regulatory Filing, Energy Infrastructure, Quarterly Report, Corporate Structure
TL;DR
MIDAMERICAN FUNDING LLC's 10-Q is a routine filing, confirming its stable role within the massive Berkshire Hathaway Energy portfolio, so don't expect any surprises.
AI Summary
MIDAMERICAN FUNDING LLC, a subsidiary of BERKSHIRE HATHAWAY ENERGY CO, filed its 10-Q for the period ending June 30, 2025. While specific revenue and net income figures for MIDAMERICAN FUNDING LLC are not detailed in the provided excerpt, the filing indicates its role within the broader 'Energy & Transportation' segment of BERKSHIRE HATHAWAY ENERGY CO. The filing lists several related entities including PACIFICORP /OR/, SIERRA PACIFIC POWER CO, and EASTERN GAS TRANSMISSION & STORAGE, INC., all operating within the utility and energy transmission sectors. The primary business remains electric services, as indicated by its SIC code 4911. No significant business changes or new risks are explicitly detailed in this excerpt, which primarily focuses on corporate identification and filing details. The strategic outlook for MIDAMERICAN FUNDING LLC is implicitly tied to the stability and growth of its parent company's diverse energy portfolio.
Why It Matters
This filing provides a glimpse into the corporate structure and regulatory compliance of MIDAMERICAN FUNDING LLC, a key financing vehicle within the BERKSHIRE HATHAWAY ENERGY CO empire. For investors, it confirms ongoing regulatory adherence and the operational stability of a component within a major utility holding company. Employees and customers of the various energy subsidiaries, such as PACIFICORP and SIERRA PACIFIC POWER, can infer continued operational backing. In a competitive energy market, the robust structure indicated by these filings suggests a stable, well-capitalized entity, potentially influencing market perceptions of its subsidiaries' creditworthiness and long-term viability.
Risk Assessment
Risk Level: low — The provided 10-Q excerpt is primarily administrative, detailing corporate identification and filing information for MIDAMERICAN FUNDING LLC and its affiliates. It does not contain any financial data, operational changes, or explicit risk factors that would suggest a 'medium' or 'high' risk level. The filing is a standard regulatory submission for a company operating within a stable, regulated utility sector.
Analyst Insight
Investors should view this as a routine compliance filing, indicating business as usual for MIDAMERICAN FUNDING LLC and its parent, BERKSHIRE HATHAWAY ENERGY CO. No immediate action is warranted based solely on this administrative filing; however, it reinforces the stability of the broader energy conglomerate.
Financial Highlights
- debt To Equity
- 0.0
- revenue
- $0
- operating Margin
- 0.0%
- total Assets
- $0
- total Debt
- $0
- net Income
- $0
- eps
- $0
- gross Margin
- 0.0%
- cash Position
- $0
- revenue Growth
- 0.0%
Key Numbers
- 10-Q — Form Type (Standard quarterly report filed with the SEC)
- 0001098296 — Central Index Key (CIK) (Unique identifier for MIDAMERICAN FUNDING LLC)
- 4911 — Standard Industrial Classification (SIC) (Indicates primary business as Electric Services for MIDAMERICAN FUNDING LLC)
- 20250630 — Conformed Period of Report (End date of the financial period covered by the 10-Q)
- 20250804 — Filed As Of Date (Date the 10-Q was officially filed with the SEC)
Key Players & Entities
- MIDAMERICAN FUNDING LLC (company) — filer of the 10-Q
- BERKSHIRE HATHAWAY ENERGY CO (company) — parent company of MIDAMERICAN FUNDING LLC
- PACIFICORP /OR/ (company) — affiliated energy company
- SIERRA PACIFIC POWER CO (company) — affiliated energy company
- EASTERN GAS TRANSMISSION & STORAGE, INC. (company) — affiliated energy company
- EASTERN ENERGY GAS HOLDINGS, LLC (company) — affiliated energy company
- SEC (regulator) — recipient of the 10-Q filing
- June 30, 2025 (date) — conformed period of report
- August 4, 2025 (date) — filed as of date
- Des Moines (location) — business city for MIDAMERICAN FUNDING LLC
FAQ
What is the primary business of MIDAMERICAN FUNDING LLC?
MIDAMERICAN FUNDING LLC's primary business is classified under Standard Industrial Classification (SIC) code 4911, which corresponds to Electric Services. This indicates its core operations are related to the generation, transmission, and distribution of electricity.
When was the MIDAMERICAN FUNDING LLC 10-Q filed?
The 10-Q for MIDAMERICAN FUNDING LLC was filed on August 4, 2025, covering the conformed period of report ending June 30, 2025. This is a standard quarterly regulatory submission.
Which company is the parent of MIDAMERICAN FUNDING LLC?
MIDAMERICAN FUNDING LLC is a subsidiary within the larger corporate structure of BERKSHIRE HATHAWAY ENERGY CO. This relationship is implied by the shared 'Energy & Transportation' organization name across multiple entities listed in the filing.
What other companies are mentioned as affiliates in this filing?
The filing lists several affiliated companies, including PACIFICORP /OR/, SIERRA PACIFIC POWER CO, EASTERN GAS TRANSMISSION & STORAGE, INC., and EASTERN ENERGY GAS HOLDINGS, LLC, all operating within the energy and utility sectors.
What is the significance of the SIC code 4911 for MIDAMERICAN FUNDING LLC?
The SIC code 4911 signifies that MIDAMERICAN FUNDING LLC operates primarily in the Electric Services industry. This classification helps regulators and investors understand the company's core business activities and the regulatory environment it operates within.
Where is MIDAMERICAN FUNDING LLC's business address?
MIDAMERICAN FUNDING LLC's business address is 1615 Locust Street, Des Moines, IA 50309-3037. Their business phone number is 515-242-4300.
Does this 10-Q filing contain financial performance data for MIDAMERICAN FUNDING LLC?
The provided excerpt of the 10-Q filing is administrative and does not contain specific financial performance data such as revenue, net income, or balance sheet figures for MIDAMERICAN FUNDING LLC. It primarily details corporate identification and filing information.
What is the Central Index Key (CIK) for MIDAMERICAN FUNDING LLC?
The Central Index Key (CIK) for MIDAMERICAN FUNDING LLC is 0001098296. This unique identifier is used by the SEC to track filings from the company.
Are there any new risks identified in this MIDAMERICAN FUNDING LLC filing?
Based solely on the provided excerpt, no new or specific risks are identified for MIDAMERICAN FUNDING LLC. The filing is administrative and does not delve into operational or financial risk factors.
How does this filing impact investors in BERKSHIRE HATHAWAY ENERGY CO?
For investors in BERKSHIRE HATHAWAY ENERGY CO, this filing indicates routine regulatory compliance and the continued operational existence of a key financing entity within its energy portfolio. It suggests stability rather than any significant new developments or concerns.
Industry Context
MIDAMERICAN FUNDING LLC operates within the Electric Services sector (SIC 4911), a critical component of the broader Energy & Transportation segment of its parent, Berkshire Hathaway Energy Co. This sector is characterized by significant capital investment, regulatory oversight, and a focus on reliable service delivery. Industry trends include the ongoing transition to renewable energy sources, grid modernization efforts, and evolving customer demands for energy efficiency and sustainability.
Regulatory Implications
As an electric services provider, MIDAMERICAN FUNDING LLC is subject to extensive regulation by federal, state, and local authorities. Compliance with environmental standards, utility rate regulations, and safety protocols are paramount. Changes in energy policy or stricter environmental mandates could impact operational costs and strategic planning.
What Investors Should Do
- Monitor parent company filings
- Track regulatory developments
Key Dates
- 2025-06-30: End of Reporting Period — Marks the conclusion of the financial quarter for which the 10-Q report is filed.
- 2025-08-04: 10-Q Filing Date — The date the quarterly report was officially submitted to the SEC, providing updated financial information to investors.
Glossary
- 10-Q
- A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance and condition. (This is the primary document type filed by MIDAMERICAN FUNDING LLC, containing the financial data for the period.)
- CIK
- Central Index Key, a unique identifier assigned to each entity that files with the SEC. (The CIK for MIDAMERICAN FUNDING LLC (0001098296) helps in precisely identifying the company within SEC filings.)
- SIC
- Standard Industrial Classification, a system used to classify businesses based on their primary activity. (The SIC code 4911 for MIDAMERICAN FUNDING LLC indicates its core business is Electric Services.)
- Conformed Period of Report
- The end date of the financial reporting period covered by the filing. (Indicates that the financial data in this 10-Q pertains to the period ending June 30, 2025.)
- Filed As Of Date
- The date on which the filing was officially submitted to the SEC. (This date (August 4, 2025) signifies when the information became publicly available through the SEC's EDGAR system.)
Year-Over-Year Comparison
This excerpt does not contain comparative financial data from previous filings, making a direct comparison of revenue growth, margin changes, or new risks impossible. The filing primarily serves to identify the entity, its parent, and its basic business classification within the 'Energy & Transportation' segment.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on August 4, 2025 regarding MIDAMERICAN FUNDING LLC.