Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 to 15(d) of the
Securities Exchange Act 1934
Date of Report June 8, 1994
(Date of earliest event reported)
California Energy Company, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-9874 94-2213782
(State of other (Commission File (IRS Employer
jurisdiction of Number) Identification No)
incorporation)
10831 Old Mill Road Omaha, Nebraska 68154
(Address of principal executive offices) Zip Code
Registrant's Telephone Number, including area code: (402)330-8900
N/A
(Former name or former address, if changed since last report)
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ITEM 5. Other Events
On June 8, 1994 the Registrant announced that San Diego Gas &
Electric ("SDG&E") had filed a complaint in U.S. District Court
seeking to be released from its power purchase agreement with the
Registrant's subsidiary, Yuma Cogeneration Associates ("YCA") and
had stated its intent to reduce payments to YCA. The Registrant
has reviewed SDG&E's complaint and believes it to be without
merit and intends to defend the lawsuit vigorously and will seek
to recover damages for any harm caused to the Registrant or its
shareholders by this lawsuit and SDG&E's attempt to reduce
payments to YCA. A copy of the press release issued by the
Registrant is set forth as Exhibit 1 hereto and is incorporated
herein by reference.
ITEM 7. Financial Statements and Exhibits
Exhibit 1 - Press Release dated June 8, 1994.
<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.
California Energy Company, Inc.
By: /s/Steven A. McArthur
Steven A. McArthur
Senior Vice President
Dated: June 9, 1994
FOR IMMEDIATE RELEASE
David L. Sokol - Chairman, President and C.E.O. (402) 330-8900
Steven A. McArthur - Senior Vice President, General Counsel (402) 330-8900
OMAHA, NEBRASKA, June 8, 1994 -- California Energy Company, Inc. (NYSE,
PSE and LSE: CE) ("CECI") announced today that San Diego Gas & Electric
("SDG&E") has filed a complaint in U.S. District Court seeking to be released
from its power purchase agreement with CECI's subsidiary Yuma Cogeneration
Association ("YCA") and has stated its intent to reduce payments to YCA.
CECI has reviewed SDG&E's complaint and believes it to be without merit.
Contrary to assertions made by SDG&E, CECI has constructed and is operating its
YCA facility in accordance with the terms and conditions of the power purchase
agreement with SDG&E and remains ready and willing to perform in accordance with
those terms and conditions. In contrast, CECI believes that SDG&E's attempts to
reduce payments to YCA constitutes a breach of the power purchase agreement.
CECI intends to defend the lawsuit vigorously and will seek to recover damages
for any harm caused to CECI or its shareholders by this lawsuit and SDG&E's
attempt to reduce payments to YCA.
CECI is an international developer, owner and operator of geothermal and
other environmentally responsible power generation facilities.
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