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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 8, 1996
CALENERGY COMPANY, INC.
(Exact name of registrant as specified in charter)
Delaware 1-9874 94-2213782
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
302 SOUTH 36TH STREET, SUITE 400, Omaha, NE 68131
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (402) 341-4500
Not Applicable
(Former name or former address, if changed from last report)
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Item 5. Other Events
On November 8, 1996, the Registrant announced that in connection
with its proposed acquisition of Northern Electric plc ("Northern"), CE
Electric UK plc, which is indirectly owned 70% by the Registrant and 30% by
Peter Kiewit Sons', Inc., had acquired additional shares bringing its
ownership total to 29.5% of Northern's shares. 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 November 8, 1996
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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.
CalEnergy Company, Inc.
By: /s/ Douglas L. Anderson
Douglas L. Andersen
Assistant Secretary and
Assistant General Counsel
(U.S. and Corporate)
Dated: November 12, 1996
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FOR IMMEDIATE RELEASE
John G. Sylvia - Senior Vice President, Chief Financial Officer (402) 341-4500
Jeffrey S. Laudin - Manager, Investor Relations (402) 341-4500
CalEnergy Increases Ownership in Northern to 29.50%
OMAHA, NEBRASKA, November 8, 1996 -- CalEnergy Company,
Inc. ("CalEnergy") (NYSE, PSE and LSE symbol: CE) announced today that in
connection with its proposed acquisition of Northern Electric plc ("Northern"),
a regional electricity distribution and supply company in the United Kingdom,
CE Electric UK plc (a company 70% owned by CalEnergy and 30% owned by Peter
Kiewit Sons', Inc.) has purchased an additional 2.7 million shares in
Northern, bringing its ownership total to 29.5% of Northern's ordinary shares.
CalEnergy Company, Inc., a leading independent
energy producer, is an international developer, owner and operator of
environmentally responsible power generation facilities.
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