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: August 7, 1996
(Date of earliest event reported)
CalEnergy 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)
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)
Item 5. Other Events
On August 7, 1996, the Registrant announced that it had
completed the acquisition of Falcon Seaboard Resources, Inc.
("FSRI") including FSRI's ownership interest in three operating
gas-fired cogeneration plants totalling 520 MW capacity and
related natural-gas pipelines for a cash purchase price of $226
million. The acquisition involved the purchase of all of the
outstanding shares of FSRI, the parent company indirectly holding
the significant project entities. Certain interests in oil and
gas properties and subsidiaries not associated with the operating
facilities previously held by FSRI were distributed to the Falcon
shareholders.
Item 7. Financial Statements and Exhibits
Exhibit 99 - Press Release dated August 7, 1996
Financial Statements will be filed at a later date as part of an
amendment to this Form 8-K.
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. Anderson
Assistant Secretary and
Assistant General Counsel
(U.S. and Corporate)
Dated: August 7, 1996
Exhibit 99
FOR IMMEDIATE RELEASE
John G. Sylvia - Senior Vice President, Chief Financial Officer 402-341-4500
Dale R. Schuster - Vice President, Administration 402-341-4500
CALENERGY CLOSES ACQUISITION
OF FALCON SEABOARD RESOURCES, INC.
OMAHA, NEBRASKA, August 7, 1996 --- CalEnergy Company,
Inc., (NYSE, PSE and LSE symbol: CE) announced today that
it has completed the acquisition of Falcon Seaboard
Resources, Inc. including its ownership interest in three
operating gas-fired cogeneration plants located in Texas,
Pennsylvania and New York and a related natural-gas
pipeline, also located in New York, for a cash purchase
price of $ 226 million. The three cogeneration facilities
total 520 MW in capacity and sell power under long-term
power purchase agreements.
David L. Sokol, Chairman and Chief Executive Officer
said, "We are pleased to have closed the acquisition of
Falcon Seaboard. This acquisition brings added fuel
diversification to CalEnergy and further strategic benefits
which we expect to realize as the deregulating domestic
electric industry continues to evolve."
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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