Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act 1934
Date of Report October 9, 1997
(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
(Former name or former address, if changed since last report)
Item 5. Other Events
On October 9, 1997, the Registrant announced that Duff
& Phelps Credit Rating Co. has assigned a BBB- investment
grade credit rating to the Registrant's senior unsecured
debt.
Item 7. Financial Statements and Exhibits
Exhibit 1 - Press Release dated October 9, 1997
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 General Counsel
and Assistant Secretary
Dated: October 9, 1997
EXHIBIT 1
FOR IMMEDIATE RELEASE
Craig M. Hammett - Vice President, Chief Financial Officer 402-341-4500
Jeffrey S. Laudin - Manager, Investor Relations 402-341-4500
CalEnergy's Senior Debt Rated Investment Grade by Duff & Phelps
OMAHA, NE, October 9, 1997: CalEnergy Company, Inc.
("CalEnergy" or the "Company") (NYSE, PCX, and LSE Symbol:
CE) announced today that Duff & Phelps Credit Rating Co.
("Duff & Phelps") has assigned a BBB- investment grade
credit rating to CalEnergy's senior unsecured debt.
David L. Sokol, Chairman and Chief Executive Officer,
stated: "We are very pleased to receive this investment
grade rating and the recognition of the credit quality of
the Company's assets and cash flows."
CalEnergy, which manages and owns interests in over
5,000 net MW of power generation facilities in operation,
construction and development worldwide, currently operates
20 generating facilities and also supplies and distributes
electricity to 1.5 million customers.
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