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 March 28, 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
N/A
<PAGE>
Item 5. Other Events
On March 28, 1996, the Registrant announced that it executed a definitive
agreement with Edison Mission Energy for the purchase of the remaining 50%
interest not owned by Registrant of its geothermal operating facilities in the
Imperial Valley, California. A copy of the joint 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 March 28, 1996.
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
Dated: March 28, 1996<PAGE>
JOINT PRESS RELEASE
from
CalEnergy Company, Inc. Edison Mission
Energy
FOR IMMEDIATE RELEASE
CalEnergy Company, Inc.
David L. Sokol - Chairman and Chief Executive Officer 402-
341-4500
John G. Sylvia - Senior Vice President, Chief Financial
Officer 402-341-4500
Dale R. Schuster - Vice President, Administration 402-341-
4500
Edison Mission Energy
James V. Iaco, Jr. - Senior Vice President, Chief Financial
Officer 714-798-7826
CalEnergy Signs Agreement to Acquire Edison Mission Energy's
Interest in Four Operating Geothermal Projects
OMAHA, NEBRASKA and IRVINE, CALIFORNIA, March 28, 1996 ---
CalEnergy Company, Inc. ("CalEnergy") (NYSE, PSE and LSE
symbol: CE) and Edison Mission Energy ("EME") announced
today that they have executed a definitive agreement for the
purchase by CalEnergy of the remaining 50% interest which
CalEnergy did not own in four of CalEnergy's geothermal
operating facilities in the Imperial Valley, California, for
a cash purchase price of $70 million. CalEnergy will
purchase four wholly-owned subsidiaries of EME which hold
the remaining 50% partnership interests in the Vulcan (34
net MW), Hoch (Del Ranch) (38 net MW), Leathers (38 net MW)
and Elmore (38 net MW) projects. The purchase is subject to
Hart-Scott-Rodino clearance by the Federal Trade Commission
and Department of Justice which is expected to be obtained
within the next 30 days.
CalEnergy Company, Inc., a leading independent power
producer, is an international developer, owner and operator
of environmentally responsible power generation facilities.
Its thirteen operating facilities produce 575 net MW of
power, with 690 net MW under construction and in excess of
1,400 net MW currently under award or contract.
Edison Mission Energy specializes in the development,
acquisition, construction, management and operation of
independent power production facilities. As one of the
world's leading developers, Edison Mission Energy's
investments include 58 projects totaling nearly 9,000
megawatts of generation capacity that are in operation or
under construction worldwide. Edison Mission Energy is a
subsidiary of Edison International, which also owns Southern
California Edison Company, one of the largest electrical
utilities in the United States; Edison Capital, a leading
provider of capital and financial services to the energy
sector; Edison EV, a provider of electric vehicle support
facilities; and Edison Source, which offers environmental
solutions related to energy efficiency, air quality, water
treatment and energy marketing.
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