content: Securities and Exchange Commission
  
                       Washington, DC  20549
  
                            Form 8-K
  
                           Current Report
  
               Pursuant to Section 13 or 15(d) of the
                    Securities Exchange Act 1934
  
  
                  Date of Report January 29, 1998
                 (Date of earliest event reported)
  
  
  
                      CalEnergy 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)
  
   302 South 36th Street, Suite 400, Omaha, NE     68131
     (Address of principal executive offices)     Zip Code
  
  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
  
       On January 29, 1998, the Registrant announced its
  revenues and earnings for the fourth quarter and year ended
  1997, which earnings included a one-time charge for an asset
  valuation impairment under Financial Accounting Standard No.
  121 "Accounting for the Impairment of Long-Lived Assets"
  relating to the Registrant's assets in Indonesia.   A copy of
  the press release issued by the Registrant is attached hereto
  as Exhibit 1 and is incorporated herein by reference.
  
  Item 7.  Financial Statements and Exhibits
  
       Exhibit 1 - Press Release dated January 29, 1998
  
  
  
                             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.
  
                                     CalEnergy Company, Inc.
  
  
  
  
                                      By: \s\ Douglas L. Anderson
                                          Douglas L. Anderson
                                          Assistant Secretary and
                                          Assistant General Counsel
  
  
  
  
  Dated: January 29, 1998
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metadata_filer: {"company-data": {"conformed-name": "CALENERGY CO INC", "cik": "0000720556", "assigned-sic": "4991", "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": "98516104"}, "business-address": {"street1": "302 S 36TH ST", "street2": "STE 400", "city": "OMAHA", "state": "NE", "zip": "68131", "phone": "4023414500"}, "mail-address": {"street1": "302 SOUTH 36TH STREET", "street2": "SUITE 400-A", "city": "OMAHA", "state": "NE", "zip": "68131"}, "former-company": {"former-conformed-name": "CALIFORNIA ENERGY CO INC", "date-changed": "19920703"}}
text: Securities and Exchange Commission
  
                       Washington, DC  20549
  
                            Form 8-K
  
                           Current Report
  
               Pursuant to Section 13 or 15(d) of the
                    Securities Exchange Act 1934
  
                  Date of Report January 29, 1998
                 (Date of earliest event reported)
  
                      CalEnergy 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)
  
   302 South 36th Street, Suite 400, Omaha, NE     68131
     (Address of principal executive offices)     Zip Code
  
  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
  
       On January 29, 1998, the Registrant announced its
  revenues and earnings for the fourth quarter and year ended
  1997, which earnings included a one-time charge for an asset
  valuation impairment under Financial Accounting Standard No.
  121 "Accounting for the Impairment of Long-Lived Assets"
  relating to the Registrant's assets in Indonesia.   A copy of
  the press release issued by the Registrant is attached hereto
  as Exhibit 1 and is incorporated herein by reference.
  
  Item 7.  Financial Statements and Exhibits
  
       Exhibit 1 - Press Release dated January 29, 1998
  
                             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.
  
                                     CalEnergy Company, Inc.
  
                                      By: \s\ Douglas L. Anderson
                                          Douglas L. Anderson
                                          Assistant Secretary and
                                          Assistant General Counsel
  
  Dated: January 29, 1998