SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 1)*
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
January 21, 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)
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8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 17,223,322 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,223,322 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
17,223,322 (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)
8.65% (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
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7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 17,223,322 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,223,322 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
17,223,322 (See Item 5)
----------- --------------------------------------------------------------------
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)
8.65% (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
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7 SOLE VOTING POWER
0 (See Item 5)
--------- ------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED 17,223,322 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,223,322 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
17,223,322 (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)
8.65% (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 17,223,322 (See Item 5)
BY EACH REPORTING --------- ------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0 (See Item 5)
--------- ------------------------------------------------
10 SHARED DISPOSITIVE POWER
17,223,322 (See Item 5)
----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
17,223,322 (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)
8.65% (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 (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. 1 ("Amendment No. 1")
to the Schedule 13D. This Amendment No. 1 is being filed in order to add
Berkshire Hathaway Inc., a Delaware corporation ("Berkshire") and Mr. Warren E.
Buffett ("Mr. Buffett") as "Reporting Persons", which is consistent with the
past practice of Berkshire and Mr. Buffett with respect to direct and indirect
subsidiaries of Berkshire. It also updates the previously reported information
as to the Reporting Persons' beneficial ownership of Common Stock as of January
22, 2009. Capitalized terms used herein without definition shall have the
meaning assigned to such terms in the Schedule 13D. Except as expressly set
forth herein, and giving effect to the amended definition of Reporting Persons
set forth herein, there have been no changes to the information set forth in the
Schedule 13D.
Item 2. Identity and Background
Item 2 is hereby amended and restated in its entirety as set forth below:
This statement on Schedule 13D is filed on behalf of MidAmerican Energy
Holdings Company, an Iowa corporation ("MEHC"), MEHC Investment, Inc., a South
Dakota corporation and a wholly owned subsidiary of MEHC ("MEHC Investment"),
Berkshire and Mr. Buffett (Mr. Buffett, together with MEHC, MEHC Investment and
Berkshire, collectively, the "Reporting Persons"). The Reporting Persons are
filing jointly, and the agreement between the Reporting Persons to file jointly
is attached hereto as Exhibit 99.2 and is incorporated herein by reference in
its entirety. The address of the principal business office of MEHC is 666 Grand
Avenue, Suite 500, Des Moines, Iowa 50309-2580, of MEHC Investment is 335 Sioux
Point Road, Suite 100, Dakota Dunes, SD 57049, and of Berkshire and Mr. Buffett
is 1440 Kiewit Plaza, Omaha, NE 68131.
The principal business of MEHC is to serve as a holding company that owns
subsidiaries that are principally engaged in energy businesses. The principal
business of MEHC Investment is to hold investments made from time to time. As of
the close of business on January 21, 2009, Berkshire owned 88.2% of the voting
common stock of MEHC. The principal business of Berkshire is to serve as a
holding company that owns subsidiaries engaged in a number of diverse business
activities including property and casualty insurance and reinsurance, utilities
and energy, finance, manufacturing, services and retailing. The names, business
addresses, citizenships and present principal occupations or employment of Mr.
Buffett and each executive officer and director of each of the other Reporting
Persons are set forth on Annex A to the Schedule 13D. Annex A to the Schedule
13D is hereby supplemented as attached hereto.
During the last five years, none of the Reporting Persons nor, to the best
knowledge of any Reporting Person, any person named in Annex A, has been (i)
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violations with respect to such laws.
Item 5. Interest in Securities of the Issuer
Items 5(a) through 5(e) are hereby amended and restated in their entirety
as set forth below:
(a) As of January 22, 2009, MEHC and MEHC Investment each beneficially own
an aggregate of 17,223,322 shares of Common Stock held directly by MEHC
Investment, constituting approximately 8.65% 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, own 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 17,223,322 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 the Schedule 13D. All such transactions were sales effected in the
open market.
(d) Except for the Reporting Persons, no other person is known by the
Reporting Persons to have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, any securities of
the Issuer beneficially owned by the Reporting Persons.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Item 6 is hereby supplemented by adding thereto the following information
with respect to Berkshire and Mr. Buffett:
Except as set forth in the Schedule 13D, there are no contracts,
arrangements, understandings or relationships among Berkshire or Mr. Buffett and
any of the Reporting Persons or any of the persons named in Annex A of the
Schedule 13D or between such persons and any other person with respect to any
securities of the Issuer.
Item 7. Material to be filed as Exhibits.
Item 7 is hereby supplemented by adding the following at the end thereof:
Exhibit Description
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99.2 Amended and Restated Joint Filing Agreement, dated as of
January 22, 2009, by and among the Reporting Persons.
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: January 22, 2009
MidAmerican Energy Holdings Company
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Senior Vice President, General
Counsel and Corporate Secretary
MEHC Investment, Inc.
By: /s/ Douglas L. Anderson
---------------------------------------------
Name: Douglas L. Anderson
Title: Vice President and Secretary
Berkshire Hathaway Inc.
By: /s/ Marc D. Hamburg
---------------------------------------------
Name: Marc D. Hamburg
Title: Senior Vice President
/s/ Warren E. Buffett
--------------------------------------------------
Warren E. Buffett
ANNEX A
Annex A to the Schedule 13D is hereby supplemented by adding thereto the
following information with respect to Berkshire Hathaway Inc.:
The state of organization, address of the principal business office, and
principal business of Berkshire Hathaway Inc. are listed below.
Berkshire Hathaway Inc.
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STATE OF ORGANIZATION BUSINESS ADDRESS PRINCIPAL BUSINESS
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Delaware Berkshire Hathaway Inc., The principal business of
1440 Kiewit Plaza, Berkshire Hathaway Inc. is to
Omaha, Nebraska 68131 serve as a holding company
that owns subsidiaries engaged
in a number of diverse
business activities including
property and casualty
insurance and reinsurance,
utilities and energy, finance,
manufacturing, services and
retailing.
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Annex B
(Transactions by the Reporting Persons in Common Stock
since December 29, 2008)
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Reporting Person Date Shares Price Per Share
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MEHC Investment 1/6/09 (48,300) $26.61
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MEHC Investment 1/8/09 (93,500) $26.55
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MEHC Investment 1/9/09 (200,000) $26.66
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MEHC Investment 1/12/09 (300,000) $27.11
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MEHC Investment 1/13/09 (231,500) $27.32
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MEHC Investment 1/14/09 (238,200) $26.89
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MEHC Investment 1/15/09 (270,900) $27.13
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MEHC Investment 1/16/09 (325,000) $27.55
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MEHC Investment 1/20/09 (243,700) $27.03
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MEHC Investment 1/21/09 (262,500) $26.82
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MEHC Investment 1/22/09 (460,400) $27.06
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