content: Securities and Exchange Commission
  
                        Washington, DC  20549
  
                              Form 8-K
  
                           Current Report
  
               Pursuant to Section 13 to 15(d) of the
                    Securities Exchange Act 1934
  
  
                   Date of Report January 6, 1995
                  (Date of earliest event reported)
  
  
  
                   California Energy Company, Inc.
       (Exact name of registrant as specified in its charter)
  
  
  
      Delaware              1-9874                  94-2213782      
  (State of other       (Commission File       (IRS Employer
   jurisdiction of       Number)                Identification No.)
   incorporation)
  
  
  
     10831 Old Mill Road        Omaha, Nebraska            68154   
   (Address of principal executive offices)              Zip Code
  
  
  
  
  Registrant's Telephone Number, including area code:(402) 330-8900
  
  
  
  
                                 N/A                               
    (Former name or former address, if changed since last report)
  
  <PAGE>
  Item 5.  Other Events
  
  
  
  Registration Statement filed with SEC
  
       On January 6, 1995, the Registrant announced it filed an S-3
  Registration Statement to issue up to 16,670,000 shares of its
  common stock in an underwritten public offering.  A copy of the
  press release issued by the Registrant is set forth as Exhibit 1
  hereto and is incorporated herein by reference.
  
  
  Purchase of 51% of Magma Common Stock
  
       On January 10, 1995, the Registrant announced that its
  wholly owned subsidiary, CE Acquisition Company, Inc., has
  accepted payment for 12,400,000 shares of Magma Power Company
  common stock at $39 per share, which, together with shares
  already owned by Registrant, represent approximately 51% of
  Magma's common stock.  A copy of the press release issued by the
  Registrant is set forth as Exhibit 2 hereto and is incorporated
  herein by reference.
  
  
  
  Item 7.  Financial Statements and Exhibits
  
  Exhibit 1 - Press Release dated January 6, 1995.
  Exhibit 2 - Press Release dated January 10, 1995.
  
  
  <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 undersighed hereunto duly authorized.
  
                                California Energy Company, Inc.
  
  
  
                                By: \s\ Douglas L. Anderson
                                      Douglas L. Anderson
                                      Assistant Secretary
  
  
  Dated: January 11, 1995
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2533}]
metadata_filer: {"company-data": {"conformed-name": "CALIFORNIA ENERGY CO INC", "cik": "0000720556", "assigned-sic": "4961", "irs-number": "942213782", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09874", "film-number": "95500950"}, "business-address": {"street1": "10831 OLD MILL RD STE 900", "city": "OMAHA", "state": "NE", "zip": "68194", "phone": "4023308900"}, "mail-address": {"street1": "10831 OLD MILL ROAD", "city": "OMAHA", "state": "NE", "zip": "68154"}}
text: Securities and Exchange Commission
  
                        Washington, DC  20549
  
                              Form 8-K
  
                           Current Report
  
               Pursuant to Section 13 to 15(d) of the
                    Securities Exchange Act 1934
  
                   Date of Report January 6, 1995
                  (Date of earliest event reported)
  
                   California Energy Company, Inc.
       (Exact name of registrant as specified in its charter)
  
      Delaware              1-9874                  94-2213782      
  (State of other       (Commission File       (IRS Employer
   jurisdiction of       Number)                Identification No.)
   incorporation)
  
     10831 Old Mill Road        Omaha, Nebraska            68154   
   (Address of principal executive offices)              Zip Code
  
  Registrant's Telephone Number, including area code:(402) 330-8900
  
                                 N/A                               
    (Former name or former address, if changed since last report)
  Item 5.  Other Events
  
  Registration Statement filed with SEC
  
       On January 6, 1995, the Registrant announced it filed an S-3
  Registration Statement to issue up to 16,670,000 shares of its
  common stock in an underwritten public offering.  A copy of the
  press release issued by the Registrant is set forth as Exhibit 1
  hereto and is incorporated herein by reference.
  
  Purchase of 51% of Magma Common Stock
  
       On January 10, 1995, the Registrant announced that its
  wholly owned subsidiary, CE Acquisition Company, Inc., has
  accepted payment for 12,400,000 shares of Magma Power Company
  common stock at $39 per share, which, together with shares
  already owned by Registrant, represent approximately 51% of
  Magma's common stock.  A copy of the press release issued by the
  Registrant is set forth as Exhibit 2 hereto and is incorporated
  herein by reference.
  
  Item 7.  Financial Statements and Exhibits
  
  Exhibit 1 - Press Release dated January 6, 1995.
  Exhibit 2 - Press Release dated January 10, 1995.
  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 undersighed hereunto duly authorized.
  
                                California Energy Company, Inc.
  
                                By: \s\ Douglas L. Anderson
                                      Douglas L. Anderson
                                      Assistant Secretary
  
  Dated: January 11, 1995