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 February 20, 2001
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(Date of earliest event reported)
Commission File No. 33-95538
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SALTON SEA FUNDING CORPORATION
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(Exact name of registrant as specified in its charter)
47-0790493
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(IRS Employer Identification No.)
(State or other (I.R.S.
jurisdiction of Employer
(Exact name of Registrants incorporation or Identification
as specified in their charters) organization) No.)
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Salton Sea Brine Processing L.P. California 33-0601721
Salton Sea Power Generation L.P. California 33-0567411
Fish Lake Power LLC Delaware 33-0453364
Vulcan Power Company Nevada 95-3992087
CalEnergy Operating Corporation Delaware 33-0268085
Salton Sea Royalty LLC Delaware 47-0790492
VPC Geothermal LLC Delaware 91-1244270
San Felipe Energy Company California 33-0315787
Conejo Energy Company California 33-0268500
Niguel Energy Company California 33-0268502
Vulcan/BN Geothermal Power Company Nevada 33-3992087
Leathers, L.P. California 33-0305342
Del Ranch, L.P. California 33-0278290
Elmore, L.P. California 33-0278294
Salton Sea Power LLC Delaware 47-0810713
CalEnergy Minerals LLC Delaware 47-0810718
CE Turbo LLC Delaware 47-0812159
CE Salton Sea Inc. Delaware 47-0810711
Salton Sea Minerals Corp. Delaware 47-0811261
302 S. 36th Street, Suite 400-A, Omaha, NE 68131
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(Address of principal executive offices and
Zip Code of Salton Sea Funding Corporation)
Salton Sea Funding Corporation's
Telephone Number, including area code: (402) 341-4500
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N/A
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
The Registrants have previously reported that Southern California Edison
Company ("Edison") has failed to make timely payment for power purchased during
November and December 2000 under long-term power sales contracts (the
"Contracts") with the Registrants. The Registrants own and operate eight
operating geothermal plants with an approximate aggregate net rated capacity of
267 MW located in the Imperial Valley, California and sell the power to Edison
pursuant to the Contracts. Today a lawsuit was filed on behalf of the
Registrants in California's Imperial County Superior Court seeking a court order
requiring Edison to make payment of more than $45 million for power delivered in
November and December 2000 in accordance with the Contracts. The lawsuit also
requests that the court order permit the Registrants to discontinue providing
such power to Edison during such times as Edison continues non-payment and
instead be allowed to sell it to other delivery entities in California. The
Registrants intend to vigorously pursue their remedies in this action in light
of Edison's continuing non-payment.
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 Registrants to differ materially from any
expected future results or performance, expressed or implied, by the
forward-looking statements including expectations regarding the future results
of operations of Registrants. In connection with the safe harbor provisions of
the Reform Act, the Registrants have identified important factors that could
cause actual results to differ materially from such expectations, including
development and construction uncertainty, operating uncertainty, acquisition
uncertainty, uncertainties relating to geothermal resources, uncertainties
relating to 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 Registrants' SEC Filings,
incorporated herein by reference, for a description of such factors. The
Registrants assume no responsibility to update forward-looking information
contained herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
None
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 thereunto duly authorized.
SALTON SEA FUNDING CORPORATION
Date: February 20, 2001 By: /s/ Paul J. Leighton
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Paul J. Leighton
Secretary