CE CASECNAN WATER & ENERGY CO INC
8-K, 1999-12-13
ELECTRIC SERVICES
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                       Securities and Exchange Commission

                              Washington, DC 20549

                                    Form 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) November 20, 1999

                   CE CASECNAN WATER AND ENERGY COMPANY, INC.

             (Exact name of registrant as specified in its charter)

REPUBLIC OF THE PHILIPPINES          333-608         (NOT APPLICABLE)
(State or other jurisdiction       (Commission       (IRS Employer

 of incorporation)                 File Number)      Identification No.)

        6750   AYALA  AVENUE,  24TH FLOOR,  MAKATI,  METRO  MANILA,  PHILIPPINES
               (Address of principal executive offices) (Zip Code)

                             Steven A. McArthur Esq.

                   CE Casecnan Water and Energy Company, Inc.

                     c/o MidAmerican Energy Holdings Company

                        302 South 36th Street, Suite 400

                                 Omaha, NE 68131

                                 (402) 341-4500

(Name, address,  including zip code,  and phone number,  including area code, of
     United States agent for service)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (402) 341-4500

                                       N/A

          (Former name or former address, if changed since last report

<PAGE>

Item 5.  Other Events.

         CE Casecnan Water and Energy Company, Inc. reports that it has executed
an amendment to the fixed-price,  date-certain, turnkey engineering, procurement
and  construction  contract to complete the construction of the Casecnan Project
(the "EPC Contract").  The Casecnan Project is a combined  irrigation and 150 MW
hydroelectric power generation project located in the central part of the island
of Luzon in the Republic of the Philippines.  The work under the EPC Contract is
being  conducted  by  CP  Casecnan  Consortium,   a  consortium   consisting  of
Cooperativa  Muratori Cementisti CMC di Ravenna and Impresa Pizzarotti & C. Spa,
working  together  with  Siemens  A.G.,  Sulzer  Hydro Ltd.,  Black & Veatch and
Colenco Power Engineering Ltd. (collectively, the "Contractor"). Pursuant to the
amendment to the EPC Contract,  which has been approved by Stone & Webster,  the
Independent  Engineer  under  the Bond  Indenture,  the  Guaranteed  Substantial
Completion  Date for the Project has been extended to March 31, 2001,  but there
are no increases in the EPC Contract Price. Accordingly, the Casecnan Project is
now expected to become operational by the second quarter of 2001.

<PAGE>

                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                   CE Casecnan Water and Energy Company, Inc.

                                            BY:      \S\DOUGLAS L. ANDERSON

                                                     Douglas L. Anderson
                                                     Vice President

Dated:  November 20, 1999



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