content: 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) August 11, 1998
                                  
                       CalEnergy Company, Inc.
       (Exact name of registrant as specified in its charter)
                                  
       Delaware                 1-9874               94-2213782
       (State or other          (Commission          (IRS Employer
       jurisdiction of          File Number)         Identification No.)
       incorporation)                                
                                  
                                  
    302 South 36th Street, Suite 400, Omaha, Nebraska      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 August 12, 1998, the Registrant announced that it had entered
  into an Agreement and Plan of Merger with MidAmerican Energy
  Holdings Company ("MidAmerican"), pursuant to which the
  Registrant agreed (i) to pay $27.15 in cash for each outstanding
  share of MidAmerican common stock (valuing MidAmerican at
  approximately $4 billion, including $1.4 billion of debt and
  preferred stock which will remain outstanding at MidAmerican) in
  a merger, pursuant to which MidAmerican will become a wholly
  owned subsidiary of the Registrant, and (ii) to reincorporate in
  the State of Iowa and be renamed MidAmerican Energy Holdings
  Company.  Closing of the transaction is subject to the approval
  of the shareholders of both companies and the obtaining of
  certain regulatory approvals.  Copies of the Agreement and Plan
  of Merger and the Registrant's press release announcing the
  Agreement are filed herewith as Exhibits 99.1 and 99.2,
  respectively, and are incorporated herein by reference.
  
  Certain information included in this report contains forward-
  looking statements made pursuant to the Private Securities
  Litigation Reform Act of 1995 ("Reform Act").  Such statements
  are based on current expectations and involve a number of known
  and unknown risks and uncertainties that could cause the actual
  results and performance of the Registrant to differ materially
  from any expected future results or performance, expressed or
  implied, by the forward-looking statements.  In connection with
  the safe harbor provisions of the Reform Act, the Registrant has
  identified important factors that could cause actual results to
  differ materially from such expectations, including development
  uncertainty, operating uncertainty, acquisition uncertainty,
  uncertainties relating to doing business outside of the United
  States, uncertainties relating to geothermal resources,
  uncertainties relating to domestic and international (and in
  particular, Indonesian) economic and political conditions and
  uncertainties regarding the impact of regulations, changes in
  government policy, industry deregulation and competition.
  Reference is made to all of the Registrant's SEC filings,
  including the Registrant's Report on Form 8-K dated March 6,
  1998, incorporated herein by reference, for a description of such
  factors.  The Company assumes no responsibility to update forward-
  looking information contained herein.
  
  Item 7.  Financial Statements and Exhibits.
  
   (c)  Exhibits:
  
       The following exhibits are filed as part of this report:
          
       99.1      Agreement and Plan of Merger, dated as of August
            11, 1998, by and among the Registrant, MidAmerican
            Energy Holdings Company, Maverick Reincorporation Sub,
            Inc. and MAVH Inc.
            
       99.2 Press Release of the Registrant, dated August 12, 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 General Counsel and
                                    Assistant Secretary
                                    
                                    
  Dated:  August 12, 1998
  
  
  
  
                            Exhibit Index
  
  
  Exhibit No.    Description
  
  99.1      Agreement and Plan of Merger, dated as of August 11,
            1998, by and among the Registrant, MidAmerican Energy
            Holdings Company, Maverick Reincorporation Sub, Inc.
            and MAVH Inc.
            
  99.2      Press Release of the Registrant, dated August 12, 1998.
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 5529}]
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": "98683769"}, "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, 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) August 11, 1998
                                  
                       CalEnergy Company, Inc.
       (Exact name of registrant as specified in its charter)
                                  
       Delaware                 1-9874               94-2213782
       (State or other          (Commission          (IRS Employer
       jurisdiction of          File Number)         Identification No.)
       incorporation)                                
                                  
                                  
    302 South 36th Street, Suite 400, Omaha, Nebraska      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 August 12, 1998, the Registrant announced that it had entered
  into an Agreement and Plan of Merger with MidAmerican Energy
  Holdings Company ("MidAmerican"), pursuant to which the
  Registrant agreed (i) to pay $27.15 in cash for each outstanding
  share of MidAmerican common stock (valuing MidAmerican at
  approximately $4 billion, including $1.4 billion of debt and
  preferred stock which will remain outstanding at MidAmerican) in
  a merger, pursuant to which MidAmerican will become a wholly
  owned subsidiary of the Registrant, and (ii) to reincorporate in
  the State of Iowa and be renamed MidAmerican Energy Holdings
  Company.  Closing of the transaction is subject to the approval
  of the shareholders of both companies and the obtaining of
  certain regulatory approvals.  Copies of the Agreement and Plan
  of Merger and the Registrant's press release announcing the
  Agreement are filed herewith as Exhibits 99.1 and 99.2,
  respectively, and are incorporated herein by reference.
  
  Certain information included in this report contains forward-
  looking statements made pursuant to the Private Securities
  Litigation Reform Act of 1995 ("Reform Act").  Such statements
  are based on current expectations and involve a number of known
  and unknown risks and uncertainties that could cause the actual
  results and performance of the Registrant to differ materially
  from any expected future results or performance, expressed or
  implied, by the forward-looking statements.  In connection with
  the safe harbor provisions of the Reform Act, the Registrant has
  identified important factors that could cause actual results to
  differ materially from such expectations, including development
  uncertainty, operating uncertainty, acquisition uncertainty,
  uncertainties relating to doing business outside of the United
  States, uncertainties relating to geothermal resources,
  uncertainties relating to domestic and international (and in
  particular, Indonesian) economic and political conditions and
  uncertainties regarding the impact of regulations, changes in
  government policy, industry deregulation and competition.
  Reference is made to all of the Registrant's SEC filings,
  including the Registrant's Report on Form 8-K dated March 6,
  1998, incorporated herein by reference, for a description of such
  factors.  The Company assumes no responsibility to update forward-
  looking information contained herein.
  
  Item 7.  Financial Statements and Exhibits.
  
   (c)  Exhibits:
  
       The following exhibits are filed as part of this report:
          
       99.1      Agreement and Plan of Merger, dated as of August
            11, 1998, by and among the Registrant, MidAmerican
            Energy Holdings Company, Maverick Reincorporation Sub,
            Inc. and MAVH Inc.
            
       99.2 Press Release of the Registrant, dated August 12, 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 General Counsel and
                                    Assistant Secretary
                                    
                                    
  Dated:  August 12, 1998
  
                            Exhibit Index
  
  Exhibit No.    Description
  
  99.1      Agreement and Plan of Merger, dated as of August 11,
            1998, by and among the Registrant, MidAmerican Energy
            Holdings Company, Maverick Reincorporation Sub, Inc.
            and MAVH Inc.
            
  99.2      Press Release of the Registrant, dated August 12, 1998.