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): September 7, 2000



                   CE Casecnan Water and Energy Company, Inc.

             (Exact name of registrant as specified in its charter)




Philippines                        333-608               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 4.  Changes in Registrant's Certifying Accountant.

a. On  August  30,  2000,  CE  Casecnan  Water and  Energy  Company,  Inc.  (the
"Company")  informed Sycip Gorres Velayo & Co., an Arthur  Andersen member firm,
that,  following a review of the Company's  anticipated  business operations and
corresponding  independent  accountant  requirements,  Sycip Gorres Velayo & Co.
would no longer be engaged as independent  accountants for the Company for audit
periods subsequent to the fiscal year ended December 31, 1999.

Sycip Gorres Velayo & Co.'s reports on the Company's  financial  statements  for
the two most recent fiscal years ended  December 31, 1998 and 1999  contained no
adverse  opinion or  disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.

During the two most recent fiscal years ended December 31, 1998 and 1999,  there
were no disagreements with Sycip Gorres Velayo & Co. on any matter of accounting
principles or practices,  financial statement disclosures,  or auditing scope or
procedures,  which  disagreements,  if not resolved to the satisfaction of Sycip
Gorres  Velayo & Co.,  would have caused it to make a  reference  to the subject
matter of the disagreements in connection with its audit reports.

During the two most recent fiscal years ended December 31, 1998 and 1999,  there
were no  reportable  events (as defined in  Securities  and Exchange  Commission
Regulation S-K Item 304(a)(1)(v)).

The Company requested Sycip Gorres Velayo & Co. to furnish a letter addressed to
the Commission stating whether it agrees with the above statements. Sycip Gorres
Velayo & Co.'s  letter dated  September 7, 2000,  is filed as Exhibit 16 to this
Form 8-K.

b. By action taken on August 30, 2000, the Company's Board of Directors approved
the  appointment  of  the  accounting  firm  of  PricewaterhouseCoopers  LLP  as
independent  accountants  for the Company  for 2000.  During the last two fiscal
years  ending   December  31,  1998  and  1999,  the  Company  did  not  consult
PricewaterhouseCoopers  LLP  regarding any of the matters or events set forth in
Securities and Exchange Commission Regulation S-K Item 304(a)(2)(i) and (ii).

Item 7.  Financial Statements and Exhibits.

                  (c)  Exhibits.

                  Exhibit No. 16 - Letter from Sycip Gorres Velayo & Co.
                  dated September 7, 2000.


<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 CO., INC.



                                         /s/Patrick J. Goodman
                                         ---------------------
                                         Patrick J. Goodman
                                         Senior Vice President and
                                         Chief Financial Officer

September 7, 2000
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{"company-data": {"conformed-name": "CE CASECNAN WATER & ENERGY CO INC", "cik": "0001006402", "assigned-sic": "4911", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12995", "film-number": "717947"}, "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): September 7, 2000

                   CE Casecnan Water and Energy Company, Inc.

             (Exact name of registrant as specified in its charter)

Philippines                        333-608               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 4.  Changes in Registrant's Certifying Accountant.

a. On  August  30,  2000,  CE  Casecnan  Water and  Energy  Company,  Inc.  (the
"Company")  informed Sycip Gorres Velayo & Co., an Arthur  Andersen member firm,
that,  following a review of the Company's  anticipated  business operations and
corresponding  independent  accountant  requirements,  Sycip Gorres Velayo & Co.
would no longer be engaged as independent  accountants for the Company for audit
periods subsequent to the fiscal year ended December 31, 1999.

Sycip Gorres Velayo & Co.'s reports on the Company's  financial  statements  for
the two most recent fiscal years ended  December 31, 1998 and 1999  contained no
adverse  opinion or  disclaimer of opinion and were not qualified or modified as
to uncertainty, audit scope or accounting principles.

During the two most recent fiscal years ended December 31, 1998 and 1999,  there
were no disagreements with Sycip Gorres Velayo & Co. on any matter of accounting
principles or practices,  financial statement disclosures,  or auditing scope or
procedures,  which  disagreements,  if not resolved to the satisfaction of Sycip
Gorres  Velayo & Co.,  would have caused it to make a  reference  to the subject
matter of the disagreements in connection with its audit reports.

During the two most recent fiscal years ended December 31, 1998 and 1999,  there
were no  reportable  events (as defined in  Securities  and Exchange  Commission
Regulation S-K Item 304(a)(1)(v)).

The Company requested Sycip Gorres Velayo & Co. to furnish a letter addressed to
the Commission stating whether it agrees with the above statements. Sycip Gorres
Velayo & Co.'s  letter dated  September 7, 2000,  is filed as Exhibit 16 to this
Form 8-K.

b. By action taken on August 30, 2000, the Company's Board of Directors approved
the  appointment  of  the  accounting  firm  of  PricewaterhouseCoopers  LLP  as
independent  accountants  for the Company  for 2000.  During the last two fiscal
years  ending   December  31,  1998  and  1999,  the  Company  did  not  consult
PricewaterhouseCoopers  LLP  regarding any of the matters or events set forth in
Securities and Exchange Commission Regulation S-K Item 304(a)(2)(i) and (ii).

Item 7.  Financial Statements and Exhibits.

                  (c)  Exhibits.

                  Exhibit No. 16 - Letter from Sycip Gorres Velayo & Co.
                  dated September 7, 2000.
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 CO., INC.

                                         /s/Patrick J. Goodman
                                         ---------------------
                                         Patrick J. Goodman
                                         Senior Vice President and
                                         Chief Financial Officer

September 7, 2000