SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 2)*
CONSTELLATION ENERGY GROUP, INC.
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(Name of Issuer)
Common Stock, without par value
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(Title of Class of Securities)
210371100
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(CUSIP Number)
MidAmerican Energy Holdings Company
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Attn: Douglas L. Anderson
1111 South 103 Street
7th Floor
Omaha, NE 68124-1000
(402) 231-1642
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Peter J. Hanlon
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
February 6, 2009
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(Date of Event which Requires
Filing of this Schedule)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
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CUSIP No. 210371100
--------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
MIDAMERICAN ENERGY HOLDINGS COMPANY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Iowa
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7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 14,831,107 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
14,831,107 (See Item 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.45% (See Item 5)
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 210371100
--------------------------------- -------------------------------
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1 NAME OF REPORTING PERSON
MEHC INVESTMENT, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Dakota
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 14,831,107 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.45% (See Item 5)
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
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CUSIP No. 210371100
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1 NAME OF REPORTING PERSON
BERKSHIRE HATHAWAY INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- --------- ------------------------------------------------
7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 14,831,107 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.45% (See Item 5)
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14 TYPE OF REPORTING PERSON
HC,CO
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SCHEDULE 13D
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CUSIP No. 210371100
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1 NAME OF REPORTING PERSON
WARREN E. BUFFETT
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States citizen
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7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 14,831,107 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
14,831,107 (See Item 5)
----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.45% (See Item 5)
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14 TYPE OF REPORTING PERSON
IN
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This statement amends and supplements the information set forth in the
Schedule 13D filed by the Reporting Persons (as defined therein) with the U.S.
Securities and Exchange Commission (the "SEC") on December 29, 2008, as amended
by Amendment No. 1 thereto previously filed with the SEC on January 22, 2009
(the "Schedule 13D"), relating to the shares of common stock, without par value
(the "Common Stock"), of Constellation Energy Group, Inc., a Maryland
corporation (the "Issuer"), with principal executive offices at 100
Constellation Way, Baltimore, Maryland 21202, and constitutes Amendment No. 2 to
the Schedule 13D. Capitalized terms used herein without definition shall have
the meanings assigned to such terms in the Schedule 13D. Except as expressly set
forth herein, there have been no changes to the information set forth in the
Schedule 13D.
Item 5. Interest in Securities of the Issuer
Items 5(a) through 5(c) of the Schedule 13D are hereby amended and restated
in their entirety as set forth below:
(a) As of February 9, 2009, MEHC and MEHC Investment each beneficially
owns an aggregate of 14,831,107 shares of Common Stock held directly by MEHC
Investment, constituting approximately 7.45% of the outstanding shares of Common
Stock.
Mr. Buffett may be deemed to control Berkshire, which controls MEHC.
Berkshire owns 88.2% of the voting common stock of MEHC. Thus, Berkshire and Mr.
Buffett may also be considered to beneficially own the shares of Common Stock
held by MEHC Investment.
None of the Reporting Persons nor to the knowledge of the Reporting
Persons, any other person named in Annex A of the Schedule 13D, owns any shares
of the Issuer other than as set forth herein.
(b) Each of the Reporting Persons may be deemed to have shared voting power
and shared dispositive power with respect to 14,831,107 shares of Common Stock.
(c) Annex B hereto sets forth certain information with respect to
transactions in the Common Stock by any of the Reporting Persons since the
filing of Amendment No. 1. All such transactions were sales effected in the open
market.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby supplemented by adding thereto the
following:
The 14% Senior Notes issued by the Issuer to MEHC Investment on December
17, 2008 in the aggregate principal amount of $1 billion were repaid in full by
the Issuer to MEHC Investment on January 12, 2009.
Item 7. Material to be filed as Exhibits.
Item 7 of the Schedule 13D is hereby supplemented by adding the following
at the end thereof:
Exhibit Description
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99.10 Power of Attorney, dated February 6, 2009
SIGNATURES
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned, severally and not jointly,
certifies that the information set forth in this statement is true, complete and
correct.
Dated: February 9, 2009
MidAmerican Energy Holdings Company
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Attorney-in-Fact
MEHC Investment, Inc.
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Attorney-in-Fact
Berkshire Hathaway Inc.
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Attorney-in-Fact
Warren E. Buffett
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Attorney-in-Fact
Annex B
(Transactions by the Reporting Persons in Common Stock
since January 22, 2009)
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Reporting Person Date Shares Price Per Share
---------------------------- ------------------------- ----------------------- -------------------------
MEHC Investment 1/23/09 91,300 $26.61
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MEHC Investment 1/26/09 304,000 $26.99
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MEHC Investment 1/27/09 124,500 $26.83
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MEHC Investment 1/28/09 250,000 $27.08
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MEHC Investment 1/29/09 315,200 $27.29
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MEHC Investment 1/30/09 63,276 $26.67
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MEHC Investment 2/2/09 57,438 $26.62
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MEHC Investment 2/3/09 28,800 $26.58
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MEHC Investment 2/4/09 30,798 $26.56
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MEHC Investment 2/5/09 479,600 $26.99
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MEHC Investment 2/6/09 548,603 $27.14
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MEHC Investment 2/9/09 98,700 $26.72
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