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
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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.
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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