SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON D.C. 20549
                             ______________________

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
        Date of Report (Date of earliest event reported) August 19, 2002

                   CE Casecnan Water and Energy Company, Inc.
             (Exact name of registrant as specified in its charter)

  Republic of the Philippines        333-608                 (not applicable)
  (State or other jurisdiction     (Commission               (IRS Employer
   of incorporation)               File Number)              Identification No.)

        6750 Ayala Avenue, 24th Floor, Makati, Metro Manila, Philippines
               (Address of principal executive offices) (Zip Code)

                            Douglas L. Anderson Esq.
                   CE Casecnan Water and Energy Company, Inc.
                     c/o MidAmerican Energy Holdings Company
                        302 South 36th Street, Suite 400
                                 Omaha, NE 68131
                                 (402) 341-4500
   (Name, address, including zip code, and phone number, including area code,
                       of United States agent for service)

       Registrant's Telephone Number, including area code: (402) 341-4500

                                       N/A
          (Former name or former address, if changed since last report)

<PAGE>

Item 5.   Other Events

CE Casecnan Water and Energy Company, Inc. (CE Casecnan) today announced that it
has  commenced  international  arbitration  to require the  National  Irrigation
Administration of the Philippines (NIA) to perform its contractual obligation to
reimburse  certain taxes paid during  construction of the Casecnan  Multipurpose
Irrigation  Project.  A copy of the  Press  Release  dated  August  19,  2002 is
attached as Exhibit 1.

Certain information included in this report contains forward-looking  statements
made pursuant to the Private  Securities  Litigation Reform Act of 1995 ("Reform
Act"). Such statements are based on current expectations and involve a number of
known and unknown risks and  uncertainties  that could cause the actual  results
and performance of the Registrant,  CE Casecnan,  to differ  materially from any
expected   future  results  or  performance,   expressed  or  implied,   by  the
forward-looking statements,  including expectations regarding the future results
of operations of the Registrant.  In connection with the safe harbor  provisions
of the Reform Act, the Registrant has  identified  important  factors that could
cause actual  results to differ  materially  from such  expectations,  including
development and construction  uncertainty,  operating  uncertainty,  acquisition
uncertainty, litigation and arbitration uncertainties, uncertainties relating to
economic and  political  conditions  and  uncertainties  regarding the impact of
regulations,   changes  in  government   policy,   industry   deregulation   and
competition.  Reference  is  made  to  all  of  the  Registrant's  SEC  Filings,
incorporated  herein  by  reference,  for a  description  of such  factors.  The
Registrant  assumes  no  responsibility  to update  forward-looking  information
contained herein.


Item 7.  Financial Statements and Exhibits

Exhibit 1 - Press Release dated August 19, 2002.




<PAGE>

                                    SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized. CE Casecnan Water and Energy Company, Inc.



                                             By:    /s/ Douglas L. Anderson
                                                    Douglas L. Anderson
                                                    Vice President

Dated:  August 19, 2002




<PAGE>

Exhibit 1

FOR IMMEDIATE RELEASE

For more information, contact:
David Baldwin, 011 632 892 0276

CE Casecnan Files Arbitration on Philippine NIA Default on Tax Reimbursement


     MANILA,  Philippines  -- August 19,  2002 -- CE  Casecnan  Water and Energy
Company, Inc. (CE Casecnan) today announced that it has commenced  international
arbitration to require the National Irrigation Administration of the Philippines
(NIA) to perform its  contractual  obligation  to reimburse  certain  taxes paid
during construction of the Casecnan Multipurpose Irrigation Project.

     Under the terms of the project  agreement with CE Casecnan,  NIA has agreed
to reimburse  the company for the taxes it paid the  government  during the five
years of  construction,  during which the company  invested  approximately  $700
million in private funds.  These taxes total  approximately $52 million.  NIA is
required to reimburse these tax payments, and other taxes, as part of the tariff
structure following the start of operations of the Casecnan project.

     The Casecnan  project has been in operation since December 2001,  providing
significant  benefits for the  Philippines  in the form of irrigation  water for
rice farmlands and electricity at economic prices.

     At the  request  of the  Philippine  government,  CE  Casecnan  engaged  in
good-faith  negotiations  with NIA  during the last nine  months,  in which both
parties  sought to reach a compromise  regarding  the tax  reimbursement  issue.
Those talks have now  concluded  without an effective  agreement,  and NIA is in
default of approximately $23 million.

     "CE  Casecnan  has tried in good  faith to  resolve  this issue in a manner
acceptable  to both  parties,"  said David  Baldwin,  president  of CE Casecnan.
"Unfortunately,  the  compromise we thought had been reached was not approved by
the government." -More-


<PAGE>

CE Casecnan/Add one

     The  project  agreement  provides  that  disputes be  submitted  to binding
arbitration under the rules of the International Chamber of Commerce.

     The Casecnan  project in northern  Luzon was  dedicated by officials in the
fall of 2001 and began  operation in December.  It diverts excess water from the
Casecnan and Taan Rivers  through a 26-kilometer  tunnel to a generating  plant,
then on to the Pantabangan Reservoir where the water is available to enhance the
irrigation  of  approximately  102,000  hectares and to irrigate some 35,000 new
hectares of rice fields in central  Luzon.  The project has a capacity of 150 MW
of electricity and provides water to two existing nearby  hydroelectric  plants,
allowing those plants to increase their output.

     The arbitration proceeding will not affect the operation of the project.

     Achievement  of commercial  operation  began a 20-year  cooperation  period
outlined in the project agreement. At the end of the 20-year period, CE Casecnan
will turn over the  project  to the  government  at no cost,  after  which it is
expected to continue commercial operation for an additional 30 years.

                                     # # #
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{"company-data": {"conformed-name": "CE CASECNAN WATER & ENERGY CO INC", "cik": "0001006402", "assigned-sic": "4911", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12995", "film-number": "02742149"}, "business-address": {"street1": "6750 AYALA AVE PHILIPPINES", "street2": "24TH FLOOR", "city": "MAKATI METRO MANILA", "state": "R6", "zip": "68107", "phone": "4023414500"}, "mail-address": {"street1": "CALENERGY CO INC", "street2": "302 SOUTH 36TH ST STE 400", "city": "OMAHA", "state": "NE", "zip": "68107"}}
SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON D.C. 20549
                             ______________________

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
        Date of Report (Date of earliest event reported) August 19, 2002

                   CE Casecnan Water and Energy Company, Inc.
             (Exact name of registrant as specified in its charter)

  Republic of the Philippines        333-608                 (not applicable)
  (State or other jurisdiction     (Commission               (IRS Employer
   of incorporation)               File Number)              Identification No.)

        6750 Ayala Avenue, 24th Floor, Makati, Metro Manila, Philippines
               (Address of principal executive offices) (Zip Code)

                            Douglas L. Anderson Esq.
                   CE Casecnan Water and Energy Company, Inc.
                     c/o MidAmerican Energy Holdings Company
                        302 South 36th Street, Suite 400
                                 Omaha, NE 68131
                                 (402) 341-4500
   (Name, address, including zip code, and phone number, including area code,
                       of United States agent for service)

       Registrant's Telephone Number, including area code: (402) 341-4500

                                       N/A
          (Former name or former address, if changed since last report)
Item 5.   Other Events

CE Casecnan Water and Energy Company, Inc. (CE Casecnan) today announced that it
has  commenced  international  arbitration  to require the  National  Irrigation
Administration of the Philippines (NIA) to perform its contractual obligation to
reimburse  certain taxes paid during  construction of the Casecnan  Multipurpose
Irrigation  Project.  A copy of the  Press  Release  dated  August  19,  2002 is
attached as Exhibit 1.

Certain information included in this report contains forward-looking  statements
made pursuant to the Private  Securities  Litigation Reform Act of 1995 ("Reform
Act"). Such statements are based on current expectations and involve a number of
known and unknown risks and  uncertainties  that could cause the actual  results
and performance of the Registrant,  CE Casecnan,  to differ  materially from any
expected   future  results  or  performance,   expressed  or  implied,   by  the
forward-looking statements,  including expectations regarding the future results
of operations of the Registrant.  In connection with the safe harbor  provisions
of the Reform Act, the Registrant has  identified  important  factors that could
cause actual  results to differ  materially  from such  expectations,  including
development and construction  uncertainty,  operating  uncertainty,  acquisition
uncertainty, litigation and arbitration uncertainties, uncertainties relating to
economic and  political  conditions  and  uncertainties  regarding the impact of
regulations,   changes  in  government   policy,   industry   deregulation   and
competition.  Reference  is  made  to  all  of  the  Registrant's  SEC  Filings,
incorporated  herein  by  reference,  for a  description  of such  factors.  The
Registrant  assumes  no  responsibility  to update  forward-looking  information
contained herein.

Item 7.  Financial Statements and Exhibits

Exhibit 1 - Press Release dated August 19, 2002.
SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized. CE Casecnan Water and Energy Company, Inc.

                                             By:    /s/ Douglas L. Anderson
                                                    Douglas L. Anderson
                                                    Vice President

Dated:  August 19, 2002
Exhibit 1

FOR IMMEDIATE RELEASE

For more information, contact:
David Baldwin, 011 632 892 0276

CE Casecnan Files Arbitration on Philippine NIA Default on Tax Reimbursement

     MANILA,  Philippines  -- August 19,  2002 -- CE  Casecnan  Water and Energy
Company, Inc. (CE Casecnan) today announced that it has commenced  international
arbitration to require the National Irrigation Administration of the Philippines
(NIA) to perform its  contractual  obligation  to reimburse  certain  taxes paid
during construction of the Casecnan Multipurpose Irrigation Project.

     Under the terms of the project  agreement with CE Casecnan,  NIA has agreed
to reimburse  the company for the taxes it paid the  government  during the five
years of  construction,  during which the company  invested  approximately  $700
million in private funds.  These taxes total  approximately $52 million.  NIA is
required to reimburse these tax payments, and other taxes, as part of the tariff
structure following the start of operations of the Casecnan project.

     The Casecnan  project has been in operation since December 2001,  providing
significant  benefits for the  Philippines  in the form of irrigation  water for
rice farmlands and electricity at economic prices.

     At the  request  of the  Philippine  government,  CE  Casecnan  engaged  in
good-faith  negotiations  with NIA  during the last nine  months,  in which both
parties  sought to reach a compromise  regarding  the tax  reimbursement  issue.
Those talks have now  concluded  without an effective  agreement,  and NIA is in
default of approximately $23 million.

     "CE  Casecnan  has tried in good  faith to  resolve  this issue in a manner
acceptable  to both  parties,"  said David  Baldwin,  president  of CE Casecnan.
"Unfortunately,  the  compromise we thought had been reached was not approved by
the government." -More-
CE Casecnan/Add one

     The  project  agreement  provides  that  disputes be  submitted  to binding
arbitration under the rules of the International Chamber of Commerce.

     The Casecnan  project in northern  Luzon was  dedicated by officials in the
fall of 2001 and began  operation in December.  It diverts excess water from the
Casecnan and Taan Rivers  through a 26-kilometer  tunnel to a generating  plant,
then on to the Pantabangan Reservoir where the water is available to enhance the
irrigation  of  approximately  102,000  hectares and to irrigate some 35,000 new
hectares of rice fields in central  Luzon.  The project has a capacity of 150 MW
of electricity and provides water to two existing nearby  hydroelectric  plants,
allowing those plants to increase their output.

     The arbitration proceeding will not affect the operation of the project.

     Achievement  of commercial  operation  began a 20-year  cooperation  period
outlined in the project agreement. At the end of the 20-year period, CE Casecnan
will turn over the  project  to the  government  at no cost,  after  which it is
expected to continue commercial operation for an additional 30 years.

                                     # # #