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) February 8, 2001

                   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)

                             Steven A. McArthur 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") reports that it
has received a new schedule  from the turnkey  construction  Contractor  for the
Casecnan Project which extends the expected Substantial  Completion Date for the
Casecnan  Project  to August  31,  2001.  The  Casecnan  Project  is a  combined
irrigation and 150 net MW hydroelectric  power generation project located in the
central  part of the  island  of  Luzon in the  Republic  of the  Philippines  .
Accordingly,  the Casecnan Project is now expected to become  operational in the
third quarter of 2001. In connection with the new schedule,  the ultimate parent
company of CE  Casecnan  has  agreed to make  available  up to $11.6  million of
additional equity pursuant to the Shareholder Support Letter,  dated February 8,
2001, a copy of which is attached as Exhibit No.  99.1.  Taking into account the
Shareholder Support Letter, CE Casecnan believes  the funds  available to it are
reasonably expected to be sufficient to fund the costs of reaching completion.

Item 7.  Financial Statements and Exhibits.

Exhibit No. 99.1 - Shareholder Support Letter dated February 8, 2001.


<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:  February 8, 2001


<PAGE>



                       MidAmerican Energy Holdings Company

Exhibit 99.1


                                            February 8, 2001

CE Casecnan Water & Energy Company, Inc.
24th floor, 6750 Ayala Avenue
Makati, Metro Manila, Philippines 1226

RE:      Shareholder Support

This letter  confirms the  commitment of  MidAmerican  Energy  Holdings  Company
("MEHC") to make,  or cause to be made,  an equity  contribution  to CE Casecnan
Water & Energy Company, Inc. ("CE Casecnan"), by payment directly to CE Casecnan
or the Trustee  under the Trust  Indenture  by and between CE Casecnan and Chase
Manhattan   Bank  and  Trust  Company   (formerly   Chemical  Trust  Company  of
California),  as Trustee, dated November 27, 1995 ("Indenture"),  for deposit in
the Funds,  as CE Casecnan or the  Trustee  directs,  an amount not in excess of
$4.6 million,  as may be necessary to fund the payment of principal and interest
on the Securities scheduled to be due and payable under the Indenture on May 15,
2001 (the "Support Amount"), if and only if an amount sufficient for the payment
thereof is not  available in the Funds  (exclusive  of the Debt Service  Reserve
Fund) solely as a result of delays in completion of  construction of the Project
attributable  to a default of the  Contractor in its  performance of the Turnkey
Construction  Contract, it being understood that for the purposes of this letter
agreement the Contractor's failure to meet Substantial Completion (as defined in
the Turnkey  Construction  Contract)  by March 31, 2001 will  constitute  such a
default;  provided,  however,  that CE Casecnan and the Trustee shall have first
applied by the due date all other  available  funds  (exclusive  of funds in the
Debt Service  Reserve  Fund)  towards  payment of such  scheduled  principal and
interest.  Capitalized terms not otherwise defined herein shall have the meaning
ascribed under the Indenture.

In addition  to the Support  Amount,  MEHC shall make,  or cause to be made,  an
additional  equity  contribution to CE Casecnan of an amount not in excess of $7
million as may be necessary for costs incurred by CE Casecnan  directly  related
to administration of project construction and start-up operating costs and other
costs of completion of the project prior to September 1, 2001 (the "Construction
Administration Amount").

Except to the extent of payment  by MEHC of an amount up to the  Support  Amount
and the Construction  Administration Amount in accordance with the express terms
of this letter,  neither MEHC nor any of its  affiliates  or any of its or their
respective shareholders,  shall have any liability or obligation to CE Casecnan,
the Trustee or the bondholders  and the  obligations  contained in the Indenture
are and remain non-recourse to the shareholders of CE Casecnan including without
limitation,  MEHC.  The liability  and  obligation of CE Casecnan to perform and
make good the  obligations  contained in the Indenture are and remain limited as
set forth in Section 13.12 of the Indenture (Limitation on Liability).

This letter has been  delivered  to the Trustee and  constitutes  an  Additional
Project  Document and is subject to the lien and  security  interest in favor of
the Collateral  Agent and the  Co-Collateral  Agent pursuant to the Mortgage and
Security Agreement among CE Casecnan Ltd., Kiewit Energy International (Bermuda)
Ltd.,  LaPrairie  Group  Contractors  (International)  Ltd.,  San  Lorenzo  Ruiz
Builders and Developers Group,  Inc., CE Casecnan,  the Collateral Agent and the
Co-Collateral Agent, dated November 10, 1995.

Upon  receipt of written  notice from CE Casecnan (or Chase  Manhattan  Bank and
Trust  Company in its capacity as Collateral  Agent)  delivered not earlier than
three business days prior to May 15, 2001 or the date of the applicable  request
by CE  Casecnan  for  payment  of any  Construction  Administration  Amount  and
specifying  the funds  available  under the  Indenture to make the principal and
interest  payments due, or the payment of a Construction  Administration  Amount
due, as applicable,  on such date and the  shortfall,  if any,  attributable  to
delays as described herein, MEHC shall make or cause to be made a deposit to the
Funds under the Indenture for such principal and interest, or a payment directly
to or on behalf of CE Casecnan for such Construction  Administration  Amount, as
the case may be, to the extent described herein. This Shareholder Support Letter
shall be governed by the laws of New York.

                                            MidAmerican Energy Holdings Company


                                            Original signed by

                                            Steven A. McArthur
                                            Senior Vice President

SAM/ge

cc: Chase Manhattan Bank and Trust Company, Trustee
[{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "SHAREHOLDER SUPPORT LETTER FILING", "secsgml_size_bytes": 8631}]
{"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": "1529058"}, "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) February 8, 2001

                   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)

                             Steven A. McArthur 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") reports that it
has received a new schedule  from the turnkey  construction  Contractor  for the
Casecnan Project which extends the expected Substantial  Completion Date for the
Casecnan  Project  to August  31,  2001.  The  Casecnan  Project  is a  combined
irrigation and 150 net MW hydroelectric  power generation project located in the
central  part of the  island  of  Luzon in the  Republic  of the  Philippines  .
Accordingly,  the Casecnan Project is now expected to become  operational in the
third quarter of 2001. In connection with the new schedule,  the ultimate parent
company of CE  Casecnan  has  agreed to make  available  up to $11.6  million of
additional equity pursuant to the Shareholder Support Letter,  dated February 8,
2001, a copy of which is attached as Exhibit No.  99.1.  Taking into account the
Shareholder Support Letter, CE Casecnan believes  the funds  available to it are
reasonably expected to be sufficient to fund the costs of reaching completion.

Item 7.  Financial Statements and Exhibits.

Exhibit No. 99.1 - Shareholder Support Letter dated February 8, 2001.
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:  February 8, 2001
MidAmerican Energy Holdings Company

Exhibit 99.1

                                            February 8, 2001

CE Casecnan Water & Energy Company, Inc.
24th floor, 6750 Ayala Avenue
Makati, Metro Manila, Philippines 1226

RE:      Shareholder Support

This letter  confirms the  commitment of  MidAmerican  Energy  Holdings  Company
("MEHC") to make,  or cause to be made,  an equity  contribution  to CE Casecnan
Water & Energy Company, Inc. ("CE Casecnan"), by payment directly to CE Casecnan
or the Trustee  under the Trust  Indenture  by and between CE Casecnan and Chase
Manhattan   Bank  and  Trust  Company   (formerly   Chemical  Trust  Company  of
California),  as Trustee, dated November 27, 1995 ("Indenture"),  for deposit in
the Funds,  as CE Casecnan or the  Trustee  directs,  an amount not in excess of
$4.6 million,  as may be necessary to fund the payment of principal and interest
on the Securities scheduled to be due and payable under the Indenture on May 15,
2001 (the "Support Amount"), if and only if an amount sufficient for the payment
thereof is not  available in the Funds  (exclusive  of the Debt Service  Reserve
Fund) solely as a result of delays in completion of  construction of the Project
attributable  to a default of the  Contractor in its  performance of the Turnkey
Construction  Contract, it being understood that for the purposes of this letter
agreement the Contractor's failure to meet Substantial Completion (as defined in
the Turnkey  Construction  Contract)  by March 31, 2001 will  constitute  such a
default;  provided,  however,  that CE Casecnan and the Trustee shall have first
applied by the due date all other  available  funds  (exclusive  of funds in the
Debt Service  Reserve  Fund)  towards  payment of such  scheduled  principal and
interest.  Capitalized terms not otherwise defined herein shall have the meaning
ascribed under the Indenture.

In addition  to the Support  Amount,  MEHC shall make,  or cause to be made,  an
additional  equity  contribution to CE Casecnan of an amount not in excess of $7
million as may be necessary for costs incurred by CE Casecnan  directly  related
to administration of project construction and start-up operating costs and other
costs of completion of the project prior to September 1, 2001 (the "Construction
Administration Amount").

Except to the extent of payment  by MEHC of an amount up to the  Support  Amount
and the Construction  Administration Amount in accordance with the express terms
of this letter,  neither MEHC nor any of its  affiliates  or any of its or their
respective shareholders,  shall have any liability or obligation to CE Casecnan,
the Trustee or the bondholders  and the  obligations  contained in the Indenture
are and remain non-recourse to the shareholders of CE Casecnan including without
limitation,  MEHC.  The liability  and  obligation of CE Casecnan to perform and
make good the  obligations  contained in the Indenture are and remain limited as
set forth in Section 13.12 of the Indenture (Limitation on Liability).

This letter has been  delivered  to the Trustee and  constitutes  an  Additional
Project  Document and is subject to the lien and  security  interest in favor of
the Collateral  Agent and the  Co-Collateral  Agent pursuant to the Mortgage and
Security Agreement among CE Casecnan Ltd., Kiewit Energy International (Bermuda)
Ltd.,  LaPrairie  Group  Contractors  (International)  Ltd.,  San  Lorenzo  Ruiz
Builders and Developers Group,  Inc., CE Casecnan,  the Collateral Agent and the
Co-Collateral Agent, dated November 10, 1995.

Upon  receipt of written  notice from CE Casecnan (or Chase  Manhattan  Bank and
Trust  Company in its capacity as Collateral  Agent)  delivered not earlier than
three business days prior to May 15, 2001 or the date of the applicable  request
by CE  Casecnan  for  payment  of any  Construction  Administration  Amount  and
specifying  the funds  available  under the  Indenture to make the principal and
interest  payments due, or the payment of a Construction  Administration  Amount
due, as applicable,  on such date and the  shortfall,  if any,  attributable  to
delays as described herein, MEHC shall make or cause to be made a deposit to the
Funds under the Indenture for such principal and interest, or a payment directly
to or on behalf of CE Casecnan for such Construction  Administration  Amount, as
the case may be, to the extent described herein. This Shareholder Support Letter
shall be governed by the laws of New York.

                                            MidAmerican Energy Holdings Company

                                            Original signed by

                                            Steven A. McArthur
                                            Senior Vice President

SAM/ge

cc: Chase Manhattan Bank and Trust Company, Trustee