(Juneau) - MidAmerican Energy Holdings Co. will give the Senate Resources Committee an introduction to the company on Wednesday, Feb. 25 at 3:30 p.m.

"The legislature is anxious to hear from this new player," said Sen. Scott Ogan (R-Mat-Su/Chugiak), chairman of the Senate Resources Committee. "Competing interests are the best way to get this project going."

MidAmerican Energy Holdings Co. and its subsidiary MEHC Alaska Gas Transmission Co. filed an application with the state Jan. 22, 2004 to negotiate tax and financial terms for building a natural gas pipeline. It proposes a 745-mile, $6.3 billion pipeline to the Alaska-Canada border.

The presentation will be given by David Sokol, MidAmerican chairman and chief executive officer, and Robert Sluder, president of both the MEHC Alaska Gas Transmission Co. and Kern River Gas Company. MidAmerican's interstate pipeline subsidiaries Kern River and Northern Natural own and operate more than 18,000 miles of pipeline facilities, making MidAmerican the second-largest interstate natural gas transmission company in the United States.

Kern River delivers more than 1.7 billion cubic feet of natural gas per day to customers along its 1,679-mile pipeline system. In 2003, Kern River completed a $1.2 billion expansion more than doubling the capacity of its system by increasing throughput capacity by 906 million cubic feet per day.

MidAmerican, a Des Moines Iowa-based pipeline operator, is affiliated with Warren Buffet's conglomerate Berkshire Hathaway.

All members of the Legislature and the public are invited to attend.

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