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<TITLE>Commonwealth Energy Corporation, Form S-8</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
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As filed with the Securities and Exchange Commission on
December&nbsp;27, 2002
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" nowrap valign="top"><FONT size="2">Registration No.&nbsp;333 __________</FONT></TD>
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<P align="center"><FONT size="4"><B>UNITED STATES</B></FONT>
<DIV align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</FONT>
</DIV>

<DIV align="center"><FONT size="3">WASHINGTON, D.C. 20549
</FONT>
</DIV>

<P align="center"><FONT size="5">FORM S-8</FONT>

<DIV align="center"><FONT size="3">REGISTRATION STATEMENT
</FONT>
</DIV>

<DIV align="center"><FONT size="3">UNDER
</FONT>
</DIV>

<DIV align="center"><FONT size="3">THE SECURITIES ACT OF 1933
</FONT>
</DIV>

<P align="center"><FONT size="6"><B>Commonwealth Energy Corporation</B></FONT>

<DIV align="center"><FONT size="2">(Exact name of registrant as specified in its charter)
</FONT>
</DIV>

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    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
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    <TD align="center" valign="top"><FONT size="2">California</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">33-0769555</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">

(I.R.S. Employer Identification No.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">15901 Red Hill Avenue, Suite&nbsp;100,<BR>
Tustin, California</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">92780<br>
(Zip Code)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">(Address of Principal Executive Offices)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated November&nbsp;7, 1997, between Commonwealth Energy Corporation and George Lanning</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;2, 1997, between Commonwealth Energy Corporation and Dennis Whitney</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;2, 1997, between Commonwealth Energy Corporation
and Charles Montoya</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;15, 1997, between Commonwealth Energy Corporation and Daniel Muro</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated February&nbsp;10, 1998, between Commonwealth Energy Corporation and Clayton Vickers</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated February&nbsp;16, 1998, between Commonwealth Energy Corporation and Mike Edds</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated March&nbsp;26, 1998, between Commonwealth Energy Corporation and Jeff Bailey</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated March&nbsp;26, 1998, between Commonwealth Energy Corporation and Lou Weiss</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated April&nbsp;20, 1998, between Commonwealth Energy Corporation and Susan Cohen</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated June&nbsp;3, 1998, between Commonwealth Energy Corporation and Robert Clark</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated June&nbsp;8, 1998, between Commonwealth Energy Corporation and Louise Cook</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated June&nbsp;16, 1998, between Commonwealth Energy Corporation and Angela Grieco</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated August&nbsp;3, 1998, between Commonwealth Energy Corporation and Anthony D&#146;Aquila</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated September&nbsp;20, 1998, between Commonwealth Energy Corporation and Jenny McDonald</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated September&nbsp;25, 1998, between Commonwealth Energy Corporation and George Lanning</B></FONT>

<P align="center"><FONT size="2"><B>Options to Purchase Common Stock dated October&nbsp;7, 1998, between Commonwealth Energy Corporation and David Lukes</B></FONT>


<P align="center"><FONT size="2"><B>Options to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Bill Kirby</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Susan Cohen</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Donnie Price</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Jeff Bailey</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and David Payne</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;7, 1998, between Commonwealth Energy Corporation
and Robert Stombaugh</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Jesse Marez</B></FONT>

<P align="center"><FONT size="2"><B>Options to Purchase Common Stock
dated December&nbsp;7, 1998, between Commonwealth Energy Corporation
and Randy Munroe</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Roger Bailey</B></FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;7, 1998, between Commonwealth Energy Corporation
and Stanley Hanson</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and David Reed</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Barry Gray</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and David James</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Holly Kellogg</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;7, 1998, between Commonwealth Energy Corporation
and Ingrid England</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Jay Kamdar</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Joel Mendez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and John Julian</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and John Rice</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Kenneth Mallen</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Mark Thompson</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Melinda Santucci</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Michael Damon</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Nick Bulaich</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Paul Valdez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Robert Boudreau</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and Stephen Lee</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and William Wright</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;7, 1998, between Commonwealth Energy Corporation and George Lanning</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;7, 1998, between Commonwealth Energy Corporation
and Maurice Malone</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Angela Grieco</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Christy Underwood</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Daren Hayhurst</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Eva Candelas</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Gayle Bratton</B></FONT>

<P align="center"><FONT size="2">2</FONT>
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<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Gillette Pilialoha</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Guy Nesbit</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Irene Rivera</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jolene Arnold</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Lori Oliver</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Manny Ynclino</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Marissa Reyna</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Pat Watts</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Rebecca Schlanert</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Richard Maynard</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Ron York</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Susan Cohen</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Amie Webb</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Don Coltrain</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Donnie Price</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jeff Bailey</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Alejandro Sanchez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Alfred Cortez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Andrea Dunford</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Anthony D&#146;Aquila</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Betty Valletos</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Brenda Esparza</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Brian Gale</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Clark Chester</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Connie Ashworth</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Connie Masi</B></FONT>

<P align="center"><FONT size="2">3</FONT>
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<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Craig Tovatt</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Danielle Deveau</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Dugan McKinley</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Ed Toledo</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Edward Rodriguez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Elyse Ludwick</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Gil Holmes</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jaime Sterling</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jane Krznaric</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Janet McZeal</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jennifer Cortez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Jenny McDonald</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Josh Ramsey</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Karen Raker</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Kelly Amado</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Lorena Bolido</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Manny Kirby</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Marcella Lendvai</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Maria Botello</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Monique McDade</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Pamela Gordon</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Pat Peay</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Robert Sutter</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Ron Hartman</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Ruben Cano</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Salley Tierney</B></FONT>

<P align="center"><FONT size="2">4</FONT>
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<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Sam Stevens</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Teri Smith</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Terry Kennedy</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Yasemin Degele</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and David Reed</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Eric Juarez</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Avelina Blackman</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Justin Mays</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock
dated December&nbsp;25, 1998, between Commonwealth Energy Corporation
and Kevin Lutz</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Van Tyus</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Christina Schween</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Heath McCall</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Lisa Stitt</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Shelby Dworaczyk</B></FONT>

<P align="center"><FONT size="2"><B>Option to Purchase Common Stock dated December&nbsp;25, 1998, between Commonwealth Energy Corporation and Meeka Brown</B></FONT>

<P align="center"><FONT size="2">(Full title of the plan)</FONT>

<P align="center"><FONT size="2">Scott A. Petterson</FONT>

<DIV align="center"><FONT size="2">Vice President and Controller
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Commonwealth Energy Corporation
</FONT>
</DIV>

<DIV align="center"><FONT size="2">15901 Red Hill Avenue, Suite&nbsp;100
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Tustin, CA 92780
</FONT>
</DIV>

<DIV align="center"><FONT size="2">(Name and address of agent for service)
</FONT>
</DIV>

<P align="center"><FONT size="2">(714)&nbsp;258-0470</FONT>

<DIV align="center"><FONT size="2">(Telephone number, including area code, of agent for service)
</FONT>
</DIV>

<P align="center"><FONT size="2">Copies of all communications to:</FONT>

<DIV align="center"><FONT size="2">John F. Della Grotta, Esq.
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Paul, Hastings, Janofsky &#038; Walker LLP
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Seventeenth Floor
</FONT>
</DIV>

<DIV align="center"><FONT size="2">695 Town Center Drive
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Costa Mesa, California 92626-1924
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Tel: (714)&nbsp;668-6200
</FONT>
</DIV>

<DIV align="center"><FONT size="2">Fax: (714)&nbsp;979-1921
</FONT>
</DIV>

<P align="center"><FONT size="2">5</FONT>
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<P align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="65%">
<TR valign="bottom">
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="29%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Title of securities</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Amount to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering price</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>aggregate</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>to be registered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>registered(1)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>per share(2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering price(2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>registration fee</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Common Stock</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">2,792,630 shares</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">1.00</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">502,832.50</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">46.26</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="4" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><HR size="4" noshade>
</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2"><HR size="4" noshade>
</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><HR size="4" noshade></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Registration Statement also relates to such additional and indeterminable number of shares of Commonwealth Energy Corporation as may become
issuable due to adjustments for changes resulting from stock dividends, stock splits, recapitalizations, mergers, reorganizations, combinations or
exchanges or other similar events.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">In accordance with Rule&nbsp;457(h)(1), the price of the securities is based on the actual price at which options may be exercised.</FONT></TD>
</TR>
</TABLE>
<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">

<P align="center"><FONT size="2">6</FONT>
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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;4. Description of Securities.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;7. Exemption From Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="a86473orexv4w1.txt">EXHIBIT 4.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="a86473orexv5.txt">EXHIBIT 5</A></TD></TR>
<TR><TD colspan="9"><A HREF="a86473orexv23w2.txt">EXHIBIT 23.2</A></TD></TR>
</TABLE>
</CENTER>
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<!-- link1 "PART II" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>PART II</B></FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents are hereby incorporated into this Registration
Statement and made a part hereof by this reference:
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Registrant&#146;s Annual Report on Form&nbsp;10-K for the
fiscal year ended July&nbsp;31, 2002;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Registrant&#146;s Quarterly
Report on Form&nbsp;10-Q for the quarterly period ended
October&nbsp;31, 2002, filed with the SEC on December&nbsp;16, 2002;
</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Registrant&#146;s Current Report on Form&nbsp;8-K dated
September&nbsp;25, 2002; and</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The description of the Registrant&#146;s common stock set
forth in the Form&nbsp;10/A (File No.&nbsp;000-33069) Registration
Statement filed with the SEC on June&nbsp;10, 2002, including any
amendment or report filed for the purpose of updating such
description.</FONT></TD>
</TR>
</TABLE>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all documents filed by the Registrant with the Commission
pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered have been sold or which de-registers all securities then remaining
unsold, shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents
with the Commission.
</FONT>
<!-- link2 "Item&nbsp;4. Description of Securities." -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;4. Description of Securities.</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;317 of the California Corporations Code law provides that a
corporation shall have the power to indemnify any person who was or is a party
or is threatened to be made a party to any proceeding or action by reason of
the fact that he or she is or was a director, officer, employee or other agent
of such corporation or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation or other
enterprise. Section&nbsp;317 also grants authority to a corporation to include in
its articles of incorporation indemnification provisions in excess of that
permitted in Section&nbsp;317. Notwithstanding the foregoing, under Section&nbsp;204 of
the California Corporations Code, each director will continue to be subject to
liability for (i)&nbsp;acts or omissions that involve intentional misconduct or a
knowing and culpable violation of law, (ii)&nbsp;acts or omissions that a director
believes to be contrary to the best interests of the corporation or its
shareholders or that involve the absence of good faith on the part of the
director, (iii)&nbsp;any transaction from which a director derived an improper
personal benefit, (iv)&nbsp;acts or omissions that show a reckless disregard for the
director&#146;s duty to the corporation or its shareholders in circumstances in
which the director was aware, or should have been aware, in the ordinary course
of performing a director&#146;s duties, of a risk of serious injury to the
corporation or its shareholders, (v)&nbsp;acts or omissions that constitute an
unexcused pattern of inattention that amounts to an abdication of the
director&#146;s duty to the corporation or its shareholders, (vi)&nbsp;any transaction
that constitutes an illegal distribution or dividend under California law, and
(vii)&nbsp;any transaction involving an unlawful conflict of interest between the
director and the corporation under California law.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;Five of the Registrant&#146;s Articles of Incorporation provides that
the liability of the directors for monetary damages shall be eliminated to the
fullest extent permissible under California law. Article&nbsp;Six of the
Registrant&#146;s Articles of Incorporation provides that the Registrant is
authorized to provide indemnification of agents (as defined under California
law) for breach of duty to the Registrant and its shareholders through bylaw
provisions</FONT>
<P align="center"><FONT size="2">II-1</FONT>
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</FONT>
<P align="left"><FONT size="2">or through agreements with the agents or both, in excess of the
indemnification expressly permitted by California law, subject to the limits on
such excess indemnification set forth in Section&nbsp;204 of the California
Corporations Code.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s Bylaws provide that the Registrant may indemnify any
director, officer, agent or employee as to those liabilities and on those terms
and conditions as are specified in Section&nbsp;317.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Registrant maintains liability insurance for its
directors and officers.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Registrant has entered into indemnification agreements
with certain of its officers and directors.
</FONT>
<!-- link2 "Item&nbsp;7. Exemption From Registration Claimed." -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Exemption From Registration Claimed.</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;8. Exhibits.</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Option to Purchase Common Stock dated February&nbsp;16, 1998 between Commonwealth Energy
Corporation and Mike Edds, with schedule attached thereto of other substantially
identical Options which differ only in the respects set forth in such schedule.</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of Commonwealth Energy Corporation (Previously filed with the
Commission on August&nbsp;9, 2001, as Exhibit&nbsp;3.1 to Commonwealth Energy Corporation&#146;s Form
10, which is incorporated herein by reference.)</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Certificate of Amendment of Articles of Incorporation of Commonwealth Energy
Corporation (Previously filed with the Commission on August&nbsp;9, 2001, as Exhibit&nbsp;3.2 to
Commonwealth Energy Corporation&#146;s Form&nbsp;10, which is incorporated herein by reference.)</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Certificate of Determination of Commonwealth Energy Corporation dated September&nbsp;13,
1997 and filed with the Secretary of State of California on March&nbsp;13, 1998 (Previously
filed with the Commission on December&nbsp;17, 2001, as Exhibit&nbsp;3.4 to Commonwealth Energy
Corporation&#146;s Quarterly Report on Form&nbsp;10-Q, which is incorporated herein by
reference.)</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Bylaws of Commonwealth Energy Corporation (Previously filed with the Commission on
October&nbsp;29, 2002, as Exhibit&nbsp;3.4 to Commonwealth Energy Corporation&#146;s Annual Report on
Form&nbsp;10-K for the fiscal year ended July&nbsp;31, 2002, which is incorporated herein by
reference.)</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion (and consent) of Paul, Hastings, Janofsky &#038; Walker LLP re the legality of the
securities being registered hereunder.</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Paul, Hastings, Janofsky &#038; Walker LLP (set forth as part of Exhibit&nbsp;5 above).</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP, independent auditors.</FONT></TD>
</TR>
<TR>
<TD colspan="3"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">24</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (set forth on signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="left"><FONT size="2"><B>Item&nbsp;9. Undertakings</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</FONT>
<P align="left"><FONT size="2">(1)&nbsp; To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
</FONT>
<P align="center"><FONT size="2">II-2</FONT>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp; To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp; To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp; To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement.
</FONT>
<P align="left"><FONT size="2">Provided, however, that paragraphs (1)(i) and (1)(ii) above do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
Registration Statement.
</FONT>
<P align="left"><FONT size="2">(2)&nbsp; That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bone
fide offering thereof.
</FONT>
<P align="left"><FONT size="2">(3)&nbsp; To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant&#146;s annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan&#146;s annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit of
proceeding) is asserted by such director, officer of controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">II-3</FONT>
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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Tustin, State of California, on
December&nbsp;27, 2002.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" colspan="3" valign="top"><FONT size="2">
COMMONWEALTH ENERGY CORPORATION</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
            <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">

      <TD><FONT size="2">&nbsp;</FONT></TD>
            <TD align="left" valign="top"><FONT size="2">
By:</FONT></TD>
    <TD valign="top" colspan="2"><FONT size="2">/s/ Ian B. Carter</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" colspan="2" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Ian B. Carter</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chairman of the Board and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B></FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Ian B. Carter and Scott A. Petterson and each of
them singly, such person&#146;s true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution, for such person and in such
person&#146;s name, place and stead, in any and all capacities (including such
person&#146;s capacity as a director and/or officer of Commonwealth Energy
Corporation), to sign any and all amendments to this Registration Statement,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the U.S. Securities and Exchange Commission,
granting unto each said attorney-in-fact and agent full power and authority to
do and perform each and every act and thing requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that each said
attorney-in-fact and agent, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ Ian B. Carter<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chairman of the Board, Chief
Executive Officer and a
Director (Principal Executive
Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">Ian B. Carter</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="bottom"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ James L. Oliver<HR size="1" noshade></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Chief Financial Officer<BR>
(Principal Financial Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">James L. Oliver</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ Scott A. Petterson<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Vice President &#150; Finance and
Controller (Principal
Accounting Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">Scott A. Petterson</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ Craig G. Goodman<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Craig G. Goodman</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ Junona A. Jonas<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">Junona A. Jonas</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">/s/ Robert C. Perkins<HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left" nowrap valign="bottom"><FONT size="2">December&nbsp;27, 2002</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">Robert C. Perkins</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-4</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ William J. Popejoy</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2"><HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" nowrap valign="bottom"><FONT size="2">December 27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">William J. Popejoy</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Joseph P. Saline, Jr.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><HR size="1" noshade>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" nowrap valign="bottom"><FONT size="2">December 27, 2002</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="bottom"><FONT size="2">Joseph P. Saline, Jr.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-5</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="center"><FONT size="2"><B>INDEX TO EXHIBITS</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Option to Purchase Common Stock dated February&nbsp;16, 1998 between Commonwealth Energy
Corporation and Mike Edds, with schedule attached thereto of other substantially
identical Options which differ only in the respects set forth in such schedule.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of Commonwealth Energy Corporation (Previously filed with the
Commission on August&nbsp;9, 2001, as Exhibit&nbsp;3.1 to Commonwealth Energy Corporation&#146;s Form
10, which is incorporated herein by reference.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Certificate of Amendment of Articles of Incorporation of Commonwealth Energy
Corporation (Previously filed with the Commission on August&nbsp;9, 2001, as Exhibit&nbsp;3.2 to
Commonwealth Energy Corporation&#146;s Form&nbsp;10, which is incorporated herein by reference.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Certificate of Determination of Commonwealth Energy Corporation dated September&nbsp;13,
1997 and filed with the Secretary of State of California on March&nbsp;13, 1982 (Previously
filed with the Commission on December&nbsp;17, 2001, as Exhibit&nbsp;3.4 to Commonwealth Energy
Corporation&#146;s Quarterly Report on Form&nbsp;10-Q, which is incorporated herein by
reference.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Bylaws of Commonwealth Energy Corporation (Previously filed with the Commission on
October&nbsp;29, 2002 as Exhibit&nbsp;3.4 to Commonwealth Energy Corporation&#146;s Annual Report on
Form&nbsp;10-K for the fiscal year ended July&nbsp;31, 2002, which is incorporated herein by
reference.)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">5</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion (and consent) of Paul, Hastings, Janofsky &#038; Walker LLP re the legality of the
securities being registered hereunder.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Paul, Hastings, Janofsky &#038; Walker LLP (set forth as part of Exhibit&nbsp;5 above).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Ernst &#038; Young LLP, independent auditors.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">24</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney (set forth on signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">II-6</FONT>




</BODY>
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Commonwealth Energy Corporation, Form S-8
Table of Contents
As filed with the Securities and Exchange Commission on
December 27, 2002
Registration No. 333 __________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Commonwealth Energy Corporation
(Exact name of registrant as specified in its charter)
California
33-0769555
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
15901 Red Hill Avenue, Suite 100,
Tustin, California
92780
(Zip Code)
(Address of Principal Executive Offices)
Option to Purchase Common Stock dated November 7, 1997, between Commonwealth Energy Corporation and George Lanning
Option to Purchase Common Stock dated December 2, 1997, between Commonwealth Energy Corporation and Dennis Whitney
Option to Purchase Common Stock
dated December 2, 1997, between Commonwealth Energy Corporation
and Charles Montoya
Option to Purchase Common Stock dated December 15, 1997, between Commonwealth Energy Corporation and Daniel Muro
Option to Purchase Common Stock dated February 10, 1998, between Commonwealth Energy Corporation and Clayton Vickers
Option to Purchase Common Stock dated February 16, 1998, between Commonwealth Energy Corporation and Mike Edds
Option to Purchase Common Stock dated March 26, 1998, between Commonwealth Energy Corporation and Jeff Bailey
Option to Purchase Common Stock dated March 26, 1998, between Commonwealth Energy Corporation and Lou Weiss
Option to Purchase Common Stock dated April 20, 1998, between Commonwealth Energy Corporation and Susan Cohen
Option to Purchase Common Stock dated June 3, 1998, between Commonwealth Energy Corporation and Robert Clark
Option to Purchase Common Stock dated June 8, 1998, between Commonwealth Energy Corporation and Louise Cook
Option to Purchase Common Stock dated June 16, 1998, between Commonwealth Energy Corporation and Angela Grieco
Option to Purchase Common Stock dated August 3, 1998, between Commonwealth Energy Corporation and Anthony D'Aquila
Option to Purchase Common Stock dated September 20, 1998, between Commonwealth Energy Corporation and Jenny McDonald
Option to Purchase Common Stock dated September 25, 1998, between Commonwealth Energy Corporation and George Lanning
Options to Purchase Common Stock dated October 7, 1998, between Commonwealth Energy Corporation and David Lukes
Options to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Bill Kirby
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Susan Cohen
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Donnie Price
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Jeff Bailey
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and David Payne
Option to Purchase Common Stock
dated December 7, 1998, between Commonwealth Energy Corporation
and Robert Stombaugh
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Jesse Marez
Options to Purchase Common Stock
dated December 7, 1998, between Commonwealth Energy Corporation
and Randy Munroe
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Roger Bailey
Table of Contents
Option to Purchase Common Stock
dated December 7, 1998, between Commonwealth Energy Corporation
and Stanley Hanson
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and David Reed
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Barry Gray
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and David James
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Holly Kellogg
Option to Purchase Common Stock
dated December 7, 1998, between Commonwealth Energy Corporation
and Ingrid England
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Jay Kamdar
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Joel Mendez
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and John Julian
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and John Rice
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Kenneth Mallen
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Mark Thompson
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Melinda Santucci
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Michael Damon
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Nick Bulaich
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Paul Valdez
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Robert Boudreau
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and Stephen Lee
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and William Wright
Option to Purchase Common Stock dated December 7, 1998, between Commonwealth Energy Corporation and George Lanning
Option to Purchase Common Stock
dated December 7, 1998, between Commonwealth Energy Corporation
and Maurice Malone
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Angela Grieco
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Christy Underwood
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Daren Hayhurst
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Eva Candelas
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Gayle Bratton
2
Table of Contents
Option to Purchase Common Stock
dated December 25, 1998, between Commonwealth Energy Corporation and Gillette Pilialoha
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Guy Nesbit
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Irene Rivera
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jolene Arnold
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Lori Oliver
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Manny Ynclino
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Marissa Reyna
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Pat Watts
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Rebecca Schlanert
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Richard Maynard
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Ron York
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Susan Cohen
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Amie Webb
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Don Coltrain
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Donnie Price
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jeff Bailey
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Alejandro Sanchez
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Alfred Cortez
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Andrea Dunford
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Anthony D'Aquila
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Betty Valletos
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Brenda Esparza
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Brian Gale
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Clark Chester
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Connie Ashworth
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Connie Masi
3
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Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Craig Tovatt
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Danielle Deveau
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Dugan McKinley
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Ed Toledo
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Edward Rodriguez
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Elyse Ludwick
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Gil Holmes
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jaime Sterling
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jane Krznaric
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Janet McZeal
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jennifer Cortez
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Jenny McDonald
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Josh Ramsey
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Karen Raker
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Kelly Amado
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Lorena Bolido
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Manny Kirby
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Marcella Lendvai
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Maria Botello
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Monique McDade
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Pamela Gordon
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Pat Peay
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Robert Sutter
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Ron Hartman
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Ruben Cano
Option to Purchase Common Stock
dated December 25, 1998, between Commonwealth Energy Corporation and Salley Tierney
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Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Sam Stevens
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Teri Smith
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Terry Kennedy
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Yasemin Degele
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and David Reed
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Eric Juarez
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Avelina Blackman
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Justin Mays
Option to Purchase Common Stock
dated December 25, 1998, between Commonwealth Energy Corporation
and Kevin Lutz
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Van Tyus
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Christina Schween
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Heath McCall
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Lisa Stitt
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Shelby Dworaczyk
Option to Purchase Common Stock dated December 25, 1998, between Commonwealth Energy Corporation and Meeka Brown
(Full title of the plan)
Scott A. Petterson
Vice President and Controller
Commonwealth Energy Corporation
15901 Red Hill Avenue, Suite 100
Tustin, CA 92780
(Name and address of agent for service)
(714) 258-0470
(Telephone number, including area code, of agent for service)
Copies of all communications to:
John F. Della Grotta, Esq.
Paul, Hastings, Janofsky & Walker LLP
Seventeenth Floor
695 Town Center Drive
Costa Mesa, California 92626-1924
Tel: (714) 668-6200
Fax: (714) 979-1921
5
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CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of securities
Amount to be
offering price
aggregate
Amount of
to be registered
registered(1)
per share(2)
offering price(2)
registration fee
Common Stock
2,792,630 shares
$
1.00
$
502,832.50
$
46.26
(1)
This Registration Statement also relates to such additional and indeterminable number of shares of Commonwealth Energy Corporation as may become
issuable due to adjustments for changes resulting from stock dividends, stock splits, recapitalizations, mergers, reorganizations, combinations or
exchanges or other similar events.
(2)
In accordance with Rule 457(h)(1), the price of the securities is based on the actual price at which options may be exercised.
6
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PART II
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Securities.
Item 5. Interests of Named Experts and Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption From Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings
SIGNATURES
INDEX TO EXHIBITS
EXHIBIT 4.1
EXHIBIT 5
EXHIBIT 23.2
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents are hereby incorporated into this Registration
Statement and made a part hereof by this reference:
(a)
The Registrant's Annual Report on Form 10-K for the
fiscal year ended July 31, 2002;
(b)
The Registrant's Quarterly
Report on Form 10-Q for the quarterly period ended
October 31, 2002, filed with the SEC on December 16, 2002;
(c)
The Registrant's Current Report on Form 8-K dated
September 25, 2002; and
(d)
The description of the Registrant's common stock set
forth in the Form 10/A (File No. 000-33069) Registration
Statement filed with the SEC on June 10, 2002, including any
amendment or report filed for the purpose of updating such
description.
In addition, all documents filed by the Registrant with the Commission
pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to
the filing of a post-effective amendment which indicates that all securities
offered have been sold or which de-registers all securities then remaining
unsold, shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents
with the Commission.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 317 of the California Corporations Code law provides that a
corporation shall have the power to indemnify any person who was or is a party
or is threatened to be made a party to any proceeding or action by reason of
the fact that he or she is or was a director, officer, employee or other agent
of such corporation or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation or other
enterprise. Section 317 also grants authority to a corporation to include in
its articles of incorporation indemnification provisions in excess of that
permitted in Section 317. Notwithstanding the foregoing, under Section 204 of
the California Corporations Code, each director will continue to be subject to
liability for (i) acts or omissions that involve intentional misconduct or a
knowing and culpable violation of law, (ii) acts or omissions that a director
believes to be contrary to the best interests of the corporation or its
shareholders or that involve the absence of good faith on the part of the
director, (iii) any transaction from which a director derived an improper
personal benefit, (iv) acts or omissions that show a reckless disregard for the
director's duty to the corporation or its shareholders in circumstances in
which the director was aware, or should have been aware, in the ordinary course
of performing a director's duties, of a risk of serious injury to the
corporation or its shareholders, (v) acts or omissions that constitute an
unexcused pattern of inattention that amounts to an abdication of the
director's duty to the corporation or its shareholders, (vi) any transaction
that constitutes an illegal distribution or dividend under California law, and
(vii) any transaction involving an unlawful conflict of interest between the
director and the corporation under California law.
Article Five of the Registrant's Articles of Incorporation provides that
the liability of the directors for monetary damages shall be eliminated to the
fullest extent permissible under California law. Article Six of the
Registrant's Articles of Incorporation provides that the Registrant is
authorized to provide indemnification of agents (as defined under California
law) for breach of duty to the Registrant and its shareholders through bylaw
provisions
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or through agreements with the agents or both, in excess of the
indemnification expressly permitted by California law, subject to the limits on
such excess indemnification set forth in Section 204 of the California
Corporations Code.
The Registrant's Bylaws provide that the Registrant may indemnify any
director, officer, agent or employee as to those liabilities and on those terms
and conditions as are specified in Section 317.
In addition, the Registrant maintains liability insurance for its
directors and officers.
In addition, the Registrant has entered into indemnification agreements
with certain of its officers and directors.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1
Option to Purchase Common Stock dated February 16, 1998 between Commonwealth Energy
Corporation and Mike Edds, with schedule attached thereto of other substantially
identical Options which differ only in the respects set forth in such schedule.
4.2
Articles of Incorporation of Commonwealth Energy Corporation (Previously filed with the
Commission on August 9, 2001, as Exhibit 3.1 to Commonwealth Energy Corporation's Form
10, which is incorporated herein by reference.)
4.3
Certificate of Amendment of Articles of Incorporation of Commonwealth Energy
Corporation (Previously filed with the Commission on August 9, 2001, as Exhibit 3.2 to
Commonwealth Energy Corporation's Form 10, which is incorporated herein by reference.)
4.4
Certificate of Determination of Commonwealth Energy Corporation dated September 13,
1997 and filed with the Secretary of State of California on March 13, 1998 (Previously
filed with the Commission on December 17, 2001, as Exhibit 3.4 to Commonwealth Energy
Corporation's Quarterly Report on Form 10-Q, which is incorporated herein by
reference.)
4.5
Bylaws of Commonwealth Energy Corporation (Previously filed with the Commission on
October 29, 2002, as Exhibit 3.4 to Commonwealth Energy Corporation's Annual Report on
Form 10-K for the fiscal year ended July 31, 2002, which is incorporated herein by
reference.)
5
Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP re the legality of the
securities being registered hereunder.
23.1
Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part of Exhibit 5 above).
23.2
Consent of Ernst & Young LLP, independent auditors.
24
Power of Attorney (set forth on signature page).
Item 9. Undertakings
The undersigned Registrant hereby undertakes:
(1)  To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement:
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(i)  To include any prospectus required by section 10(a)(3) of the
Securities Act of 1933;
(ii)  To reflect in the prospectus any facts or events arising after the
effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;
(iii)  To include any material information with respect to the plan of
distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement.
Provided, however, that paragraphs (1)(i) and (1)(ii) above do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by the Registrant pursuant to section 13 or section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the
Registration Statement.
(2)  That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bone
fide offering thereof.
(3)  To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the
Registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit of
proceeding) is asserted by such director, officer of controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Tustin, State of California, on
December 27, 2002.
COMMONWEALTH ENERGY CORPORATION
By:
/s/ Ian B. Carter
Ian B. Carter
Chairman of the Board and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Ian B. Carter and Scott A. Petterson and each of
them singly, such person's true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution, for such person and in such
person's name, place and stead, in any and all capacities (including such
person's capacity as a director and/or officer of Commonwealth Energy
Corporation), to sign any and all amendments to this Registration Statement,
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the U.S. Securities and Exchange Commission,
granting unto each said attorney-in-fact and agent full power and authority to
do and perform each and every act and thing requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that each said
attorney-in-fact and agent, or their or his substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the date indicated:
Signature
Title
Date
/s/ Ian B. Carter
Chairman of the Board, Chief
Executive Officer and a
Director (Principal Executive
Officer)
December 27, 2002
Ian B. Carter
/s/ James L. Oliver
Chief Financial Officer
(Principal Financial Officer)
December 27, 2002
James L. Oliver
/s/ Scott A. Petterson
Vice President – Finance and
Controller (Principal
Accounting Officer)
December 27, 2002
Scott A. Petterson
/s/ Craig G. Goodman
Director
December 27, 2002
Craig G. Goodman
/s/ Junona A. Jonas
Director
December 27, 2002
Junona A. Jonas
/s/ Robert C. Perkins
Director
December 27, 2002
Robert C. Perkins
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Signature
Title
Date
/s/ William J. Popejoy
Director
December 27, 2002
William J. Popejoy
/s/ Joseph P. Saline, Jr.
Director
December 27, 2002
Joseph P. Saline, Jr.
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INDEX TO EXHIBITS
Exhibit
Number
Description
4.1
Option to Purchase Common Stock dated February 16, 1998 between Commonwealth Energy
Corporation and Mike Edds, with schedule attached thereto of other substantially
identical Options which differ only in the respects set forth in such schedule.
4.2
Articles of Incorporation of Commonwealth Energy Corporation (Previously filed with the
Commission on August 9, 2001, as Exhibit 3.1 to Commonwealth Energy Corporation's Form
10, which is incorporated herein by reference.)
4.3
Certificate of Amendment of Articles of Incorporation of Commonwealth Energy
Corporation (Previously filed with the Commission on August 9, 2001, as Exhibit 3.2 to
Commonwealth Energy Corporation's Form 10, which is incorporated herein by reference.)
4.4
Certificate of Determination of Commonwealth Energy Corporation dated September 13,
1997 and filed with the Secretary of State of California on March 13, 1982 (Previously
filed with the Commission on December 17, 2001, as Exhibit 3.4 to Commonwealth Energy
Corporation's Quarterly Report on Form 10-Q, which is incorporated herein by
reference.)
4.5
Bylaws of Commonwealth Energy Corporation (Previously filed with the Commission on
October 29, 2002 as Exhibit 3.4 to Commonwealth Energy Corporation's Annual Report on
Form 10-K for the fiscal year ended July 31, 2002, which is incorporated herein by
reference.)
5
Opinion (and consent) of Paul, Hastings, Janofsky & Walker LLP re the legality of the
securities being registered hereunder.
23.1
Consent of Paul, Hastings, Janofsky & Walker LLP (set forth as part of Exhibit 5 above).
23.2
Consent of Ernst & Young LLP, independent auditors.
24
Power of Attorney (set forth on signature page).
II-6