SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14D-9 (Amendment No. 1) SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 ---------------- MAGMA POWER COMPANY (Name of Subject Company) MAGMA POWER COMPANY (Name of Person(s) Filing Statement) COMMON STOCK, PAR VALUE $0.10 PER SHARE (INCLUDING THE ASSOCIATED PREFERRED STOCK PURCHASE RIGHTS) (Title of Class of Securities) 0005591941 (CUSIP number of Class of Securities) JON R. PEELE, ESQ. Executive Vice President, Secretary and General Counsel MAGMA POWER COMPANY 4365 EXECUTIVE DRIVE, SUITE 900 SAN DIEGO, CALIFORNIA 92121 (619) 622-7800 (Name, address and telephone number of person authorized to receive notice and communications on behalf of the person(s) filing statement) Copies to: Michael J. Kennedy, Esq. David W. Heleniak, Esq. SHEARMAN & STERLING SHEARMAN & STERLING 555 California Street 599 Lexington Avenue San Francisco, California 94104 New York, New York 10022 (415) 616-1100 (212) 848-4000 This Amendment No. 1 amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9, dated October 11, 1994, as amended (the "Schedule 14D-9"), filed by Magma Power Company, a Nevada corporation, relating to the tender offer disclosed in a Tender Offer Statement on Schedule 14D-1 dated October 6, 1994, as amended through the date hereof, of CE Acquisition Company, Inc., a Delaware corporation and a wholly owned subsidiary of California Energy Company, Inc., a Delaware corporation, to purchase 12,400,000 Shares at a price of $35 per Share net to the seller in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 6, 1994, as amended through the date hereof, and the related Letter of Transmittal and any supplement thereto. Capitalized terms used and not defined herein shall have the meanings set forth in the Schedule 14D-9. ITEM 9. MATERIAL TO BE FILED AS EXHIBITS. Item 9 is hereby amended and supplemented by adding thereto the following: Exhibit 12 -- Slide Show Presentation. 2 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. MAGMA POWER COMPANY /s/ Jon R. Peele By:__________________________________ Name: Jon R. Peele Title: Executive Vice President, Secretary and General Counsel Dated: October 13, 1994 3 INDEX TO EXHIBITS EXHIBITS -------- --- Exhibit 12 --Slide Show Presentation.