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 September 19, 1994  
                     (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
        
  Execution of Power Purchase Agreements
  
        On September 19, 1994, the Registrant announced that the
  Registrant, Bonneville Power Administration ("BPA") and Eugene
  Water & Electric Board ("EWEB") executed the final Power Purchase
  Agreements for a 30 MW geothermal pilot project planned to be
  constructed at the Newberry site near Bend, Oregon.  BPA will
  purchase 20 MW and EWEB will purchase 10 MW from the facility
  under the terms of the 50 year purchase contracts.  A copy of the
  press release issued by the Registrant is set forth as Exhibit 1
  hereto and is incorporated herein by reference.
  
  
  Proposed Magma Acquisition
  
        On September 19, 1994, the Registrant announced that it had
  transmitted a letter to the Chairman and the President and Chief
  Executive Officer of Magma Power Company proposing to acquire
  Magma Power for $35 per share, consisting of $25 per share in
  cash and $10 in market value per share of the Registrant'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 September 19, 1994.        
        Exhibit 2 - Press Release dated September 19, 1994.
  
  <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.
  
                                  California Energy Company, Inc.
  
  
  
                                  By:   /s/Douglas L. Anderson     
                                        Douglas L. Anderson
                                        Assistant Secretary
  
  Dated:  September 22, 1994
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2904}]
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": "94549867"}, "business-address": {"street1": "10831 OLD MILL RD STE 900", "city": "OMAHA", "state": "NE", "zip": "68154", "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 September 19, 1994  
                     (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
        
  Execution of Power Purchase Agreements
  
        On September 19, 1994, the Registrant announced that the
  Registrant, Bonneville Power Administration ("BPA") and Eugene
  Water & Electric Board ("EWEB") executed the final Power Purchase
  Agreements for a 30 MW geothermal pilot project planned to be
  constructed at the Newberry site near Bend, Oregon.  BPA will
  purchase 20 MW and EWEB will purchase 10 MW from the facility
  under the terms of the 50 year purchase contracts.  A copy of the
  press release issued by the Registrant is set forth as Exhibit 1
  hereto and is incorporated herein by reference.
  
  Proposed Magma Acquisition
  
        On September 19, 1994, the Registrant announced that it had
  transmitted a letter to the Chairman and the President and Chief
  Executive Officer of Magma Power Company proposing to acquire
  Magma Power for $35 per share, consisting of $25 per share in
  cash and $10 in market value per share of the Registrant'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 September 19, 1994.        
        Exhibit 2 - Press Release dated September 19, 1994.
  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.
  
                                  California Energy Company, Inc.
  
                                  By:   /s/Douglas L. Anderson     
                                        Douglas L. Anderson
                                        Assistant Secretary
  
  Dated:  September 22, 1994