UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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): May 4, 2000


                              KENETECH CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)


                                    Delaware
         (State or Other Jurisdiction of Incorporation or Organization)


        33-53132                                             94-3009803
 (Commission File Number)                                 (I.R.S. Employer
                                                       Identification Number)


  500 Sansome Street, Suite 410
  San Francisco, California                                   94111
 (Address of Principal Executive Offices)                   (Zip Code)





                                 (415) 398-3825
              (Registrant's Telephone Number, Including Area Code)

















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Item 5.  Other Events.

     KENETECH  Corporation  announced  today  that its  Board of  Directors  had
authorized the repurchase of an additional 5,000,000 shares of its common stock,
par  value  $0.0001.  The  Company  also  reported  that  it had  completed  the
repurchase of 2,000,000 shares under the repurchase  program  announced in March
2000.  The new repurchase  program will continue until the Company  acquires the
additional 5,000,000 shares or until December 31, 2000.

     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.







                                     KENETECH Corporation
                                     (Registrant)


Date:   May 4, 2000                  By: _________________________________
                                         Mark D. Lerdal
                                         President and Chief Executive Officer



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