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 June 20, 2001
(Date of earliest event reported)
Commission File No. 33-95538
SALTON SEA FUNDING CORPORATION
(Exact name of registrant as specified in its charter)
47-0790493
(IRS Employer Identification No.)
(Exact name of Registrants (State or other jurisdiction (I.R.S. Employer
as specified in their charters) of incorporation or Identification No.)
organization)
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
(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
N/A
(Former name or former address, if changed since last report)
Item 5. Other Events.
Salton Sea Funding Corporation ("Registrant") reports that its affiliates have
executed Agreements Addressing Energy Pricing and Payment Issues with Southern
California Edison Company ("Edison"). Under the Agreements, Registrant is to
receive within 3 days payments equal to 10% of amounts stipulated as past due
along with interest at 7 percent per annum and will begin delivering energy to
Edison within 2 business days thereafter. As part of the Agreement, the parties
will stay pending collection actions and certain other proceedings. Other terms,
including payment of the balance of the amounts stipulated as past due, are
conditioned on certain events which would restore Edison to creditworthiness and
approval by the California Public Utilities Commission. Copies of the Agreements
are included as exhibits to this report.
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
Exhibit 99.1 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Leathers, L.P., QFID No. 3026 and Southern California Edison
Company
Exhibit 99.2 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Elmore, Ltd. QFID No. 3009 and Southern California Edison Company
Exhibit 99.3 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Vulcan/BN Geothermal Power Company QFID No. 3006 and Southern
California Edison Company
Exhibit 99.4 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Del Ranch, Ltd. QFID No. 3004 and Southern California Edison
Company
Exhibit 99.5 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Salton Sea Power Generation L.P. (Unit 1) QFID No. 3039 and
Southern California Edison Company
Exhibit 99.6 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Salton Sea Power Generation L.P. (Unit 2) QFID No. 3028 and
Southern California Edison Company
Exhibit 99.7 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Salton Sea Power Generation L.P. (Unit 3) QFID No. 3025 and
Southern California Edison Company
Exhibit 99.8 Agreement Addressing Renewable Energy Pricing and Payment Issues
between Salton Sea Power Generation L.P. (Unit 4) QFID No. 3050 and
Southern California Edison Company
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: June 20, 2001 By: /s/ Douglas L. Anderson
Douglas L. Anderson
Vice President