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 February 26, 1997
                 (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 7.   Financial Statements and Exhibits
  
       Exhibit 1 - Press Release dated February 26, 1997.
  
  
  
  Item 9.   Sales of Equity Securities Pursuant to Regulation S.
  
         On  February  26,  1997,  the  Registrant  announced  that
  CalEnergy  Capital  Trust II (the "Trust"), a subsidiary  of  the
  Registrant and a statutory business trust formed under  the  laws
  of  the state of Delaware, completed a private placement of  $150
  million in aggregate amount of 6 1/4% Trust Convertible Preferred
  Securities ("Trust Securities"), with a liquidation preference of
  $50  each. Additionally, the initial purchasers, Lehman  Brothers
  Inc.  and  Donaldson  Lufkin & Jenrette  Securities  Corporation,
  exercised  an  option to purchase an additional  $30  million  in
  aggregate  amount  of Trust Securities to cover  over-allotments.
  Each of the Trust Securities will be convertible at the option of
  the  holder  at  any time into 1.1655 shares of the  Registrant's
  Common  Stock,  equivalent to a conversion price  of  $42.90  per
  share,  subject  to adjustment under certain circumstances.   The
  Registrant  owns all of the common securities of the Trust.   The
  initial   purchasers  resold  94,000  of  the  Trust   Securities
  ("Regulation S Securities") outside the United States to  certain
  persons other than U.S. persons in reliance on Regulation S under
  the  Securities  Act of 1933.  The Regulation S  Securities  were
  sold  for  their liquidation preference of $50 each or $4,700,000
  in  the  aggregate.   In  connection with  the  purchase  of  the
  Regulation   S  Securities,  the  Registrant  paid  the   initial
  purchasers a commission equal to 2 1/2% of the purchase price  of
  the Regulation S Securities or $117,500 in the aggregate.
  
  
  
                             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
  
  
  
  
  Dated: February 26, 1997
  
  
                             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: ______________________________
                                     Douglas L. Anderson
                                     Assistant Secretary  Counsel
  
  
  
  
  Dated: February 26, 1997
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3675}]
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": "97543905"}, "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 February 26, 1997
                 (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 7.   Financial Statements and Exhibits
  
       Exhibit 1 - Press Release dated February 26, 1997.
  
  Item 9.   Sales of Equity Securities Pursuant to Regulation S.
  
         On  February  26,  1997,  the  Registrant  announced  that
  CalEnergy  Capital  Trust II (the "Trust"), a subsidiary  of  the
  Registrant and a statutory business trust formed under  the  laws
  of  the state of Delaware, completed a private placement of  $150
  million in aggregate amount of 6 1/4% Trust Convertible Preferred
  Securities ("Trust Securities"), with a liquidation preference of
  $50  each. Additionally, the initial purchasers, Lehman  Brothers
  Inc.  and  Donaldson  Lufkin & Jenrette  Securities  Corporation,
  exercised  an  option to purchase an additional  $30  million  in
  aggregate  amount  of Trust Securities to cover  over-allotments.
  Each of the Trust Securities will be convertible at the option of
  the  holder  at  any time into 1.1655 shares of the  Registrant's
  Common  Stock,  equivalent to a conversion price  of  $42.90  per
  share,  subject  to adjustment under certain circumstances.   The
  Registrant  owns all of the common securities of the Trust.   The
  initial   purchasers  resold  94,000  of  the  Trust   Securities
  ("Regulation S Securities") outside the United States to  certain
  persons other than U.S. persons in reliance on Regulation S under
  the  Securities  Act of 1933.  The Regulation S  Securities  were
  sold  for  their liquidation preference of $50 each or $4,700,000
  in  the  aggregate.   In  connection with  the  purchase  of  the
  Regulation   S  Securities,  the  Registrant  paid  the   initial
  purchasers a commission equal to 2 1/2% of the purchase price  of
  the Regulation S Securities or $117,500 in the aggregate.
  
                             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
  
  Dated: February 26, 1997
  
                             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: ______________________________
                                     Douglas L. Anderson
                                     Assistant Secretary  Counsel
  
  Dated: February 26, 1997