Summary of Key Terms of Compensation


    
      

    


     

    EXHIBIT
      10.27

    


    


    SUMMARY
      OF KEY TERMS OF COMPENSATION ARRANGEMENTS

    WITH
      MIDAMERICAN ENERGY HOLDINGS COMPANY

    NAMED
      EXECUTIVE OFFICERS and directors

    


    MidAmerican
      Energy Holding Company’s (“MEHC”) continuing named executive officers each
      receive an annual base salary and participate in health insurance and other
      benefit plans on the same basis as other employees, as well as certain other
      compensation and benefit plans described in MEHC’s Annual Report on Form 10-K.


    


    The
      named
      executive officers are also eligible to receive a cash incentive award under
      MEHC’s Performance Incentive Plan (“PIP”). The PIP provides for a discretionary
      annual cash award that is determined on a subjective basis and paid prior to
      year-end. In addition to the PIP, the named executive officers are eligible
      to
      receive discretionary cash performance awards periodically during the year
      to
      reward the accomplishment of significant non-recurring tasks or projects.
      Messrs. David L. Sokol and Gregory E. Abel have not been granted cash
      performance awards in the past five years. Messrs. Patrick J. Goodman, Douglas
      L. Anderson and Ms. Maureen E. Sammon are participants in MEHC’s Long-Term
      Incentive Partnership Plan (“LTIP”). Messrs. David L. Sokol and Gregory E. Abel
      do not participate in the LTIP. A copy of the LTIP is attached as Exhibit 10.71
      to the MidAmerican Annual Report on Form 10-K for the year ended December 31,
      2004, and incorporated by reference herein. Base salary for continuing named
      executive officers for MEHC’s fiscal year ending December 31, 2007, is shown in
      the following table:

    


    
      	
               

              Name
                and Title

            	 	
               

              Base
                Salary

            	 
	
               

              David
                L. Sokol

              Chairman
                and Chief Executive Officer

            	 	
              
              

              $

              
              

            	
              
              

              850,000

              
              

            	 
	
               

              Gregory
                E. Abel

              President
                and Chief Operating Officer

            	 	
              
              

              $

              
              

            	
              
              

              775,000

              
              

            	 
	
               

              Patrick
                J. Goodman

              Senior
                Vice President and Chief Financial Officer

            	 	
              
              

              $

              
              

            	
              
              

              320,000

              
              

            	 
	
               

              Douglas
                L. Anderson

              Senior
                Vice President and General Counsel

            	 	
              
              

              $

              
              

            	
              
              

              291,500

              
              

            	 
	
               

              Maureen
                E. Sammon

              Senior
                Vice President, Human Resources, Information
                Technology and Insurance

            	 	
              
              

              $

              
              

            	
              
              

              191,000

              
              

            	 


    

    


    Messrs.
      David L. Sokol and Gregory E. Abel are directors of MEHC, but do not receive
      additional compensation for their service as directors other than what they
      receive as employees of MEHC. The other members of the MEHC board of directors
      do not receive compensation for their service as directors.