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 January 5, 1998
(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 January 5, 1998, the Registrant announced that it had
completed the previously announced acquisition of all of the
interests of Kiewit Diversified Group Inc. ("KDG") in the various
international power generation projects and the 30% interest in
Northern Electric plc, which are jointly owned with the
Registrant and managed by the Registrant as well as the
repurchase of all of KDG's outstanding ownership interests in the
Registrant's Common Stock (20,231,065 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 January 5, 1998.
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\ Steven A. McArthur
Steven A. McArthur
Senior Vice President,
General Counsel and Secretary
Dated: January 16, 1998
EXHIBIT 1
FOR IMMEDIATE RELEASE
Craig M. Hammett - Senior Vice President, Chief Financial Officer
(402) 341-4500
CalEnergy Closes Kiewit Energy Project Joint Venture
Acquisition and Stock Repurchase
OMAHA, NE, January 5, 1998: CalEnergy Company, Inc. (the
"Company") (NYSE, PCX and LSE Symbol: CE) announced today that
on Friday, January 2, 1998 it completed the previously announced
acquisition of all of the interests of Kiewit Diversified Group
Inc. ("KDG") in the various international power generation
projects and the 30% interest in Northern Electric plc (a
regional electric distribution and supply company with over 1.5
million customers in the U.K.) which are jointly owned with the
Company and managed by the Company, as well as the repurchase of
all of KDG's outstanding ownership interests in the Company's
Common Stock (20,231,065 shares).
The Company, 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.
www.calenergy.com
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