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): December 11, 2001



                   CE Casecnan Water and Energy Company, Inc.

             (Exact name of registrant as specified in its charter)




                       Philippines 1-12995 Not Applicable
 ------------------------------------------------------------------------------
             (State or other jurisdiction (Commission (IRS Employer
               of incorporation) File Number) Identification No.)




24th Floor, 6750 Building, Ayala Avenue, Makati,
           Metro Manila Philippines                    Not Applicable
   (Address of principal executive offices)              (Zip Code)


       Registrant's telephone number, including area code: (632) 892-0276


                                       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")  announced that on
December 11, 2001 it achieved  commercial  operation  of the  Casecnan  combined
irrigation and  hydroelectric  power  generation  project under the terms of the
Project Agreement between CE Casecnan and the National Irrigation Administration
("NIA").   The  achievement  of  Commercial  operation  commences  the  20  year
cooperation period under the NIA Project Agreement.

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 Registrants 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
Registrants.  In connection  with the safe harbor  provisions of the Reform Act,
the  Registrants  have  identified  important  factors  that could cause  actual
results to differ materially from such expectations,  including  development and
construction  uncertainty,   operating  uncertainty,   acquisition  uncertainty,
uncertainties  relating to  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 Registrants'  SEC Filings,  incorporated  herein by reference,  for a
description of such factors.  The Registrants assume no responsibility to update
forward-looking information contained herein.
<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 thereunto duly authorized.

                                   CE Casecnan Water and Energy Company, Inc.


Date:  December 13, 2001          By:    /s/ Douglas L. Anderson
                                         Douglas L. Anderson
                                         Senior Vice President/General Counsel
[{"type": "8-K", "sequence": "1", "filename": "casecnan121301.txt", "secsgml_size_bytes": 3509}]
{"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": "1812560"}, "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): December 11, 2001

                   CE Casecnan Water and Energy Company, Inc.

             (Exact name of registrant as specified in its charter)

                       Philippines 1-12995 Not Applicable
 ------------------------------------------------------------------------------
             (State or other jurisdiction (Commission (IRS Employer
               of incorporation) File Number) Identification No.)

24th Floor, 6750 Building, Ayala Avenue, Makati,
           Metro Manila Philippines                    Not Applicable
   (Address of principal executive offices)              (Zip Code)

       Registrant's telephone number, including area code: (632) 892-0276

                                       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")  announced that on
December 11, 2001 it achieved  commercial  operation  of the  Casecnan  combined
irrigation and  hydroelectric  power  generation  project under the terms of the
Project Agreement between CE Casecnan and the National Irrigation Administration
("NIA").   The  achievement  of  Commercial  operation  commences  the  20  year
cooperation period under the NIA Project Agreement.

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 Registrants 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
Registrants.  In connection  with the safe harbor  provisions of the Reform Act,
the  Registrants  have  identified  important  factors  that could cause  actual
results to differ materially from such expectations,  including  development and
construction  uncertainty,   operating  uncertainty,   acquisition  uncertainty,
uncertainties  relating to  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 Registrants'  SEC Filings,  incorporated  herein by reference,  for a
description of such factors.  The Registrants assume no responsibility to update
forward-looking information contained herein.
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 thereunto duly authorized.

                                   CE Casecnan Water and Energy Company, Inc.

Date:  December 13, 2001          By:    /s/ Douglas L. Anderson
                                         Douglas L. Anderson
                                         Senior Vice President/General Counsel