EXHIBIT 15.1

California Energy Company, Inc.
Omaha, Nebraska

   We have made a review, in accordance with standards established by the
American Institute of Certified Public Accountants, of the unaudited interim
financial information of California Energy Company, Inc. for the three month
periods ended March 31, 1995 and 1994 and Magma Power Company for the three
month period ended March 31, 1995, as indicated in our reports dated April
25, 1995; because we did not perform an audit, we expressed no opinion on
that information.

   We are aware that our reports referred to above, which were included in
your Quarterly Report on Form 10-Q for the quarter ended March 31, 1995 and
your Form 8-K dated May 16, 1995, respectively, are being incorporated by
reference in this Registration Statement on Form S-3.

   We are also aware that the aforementioned reports, pursuant to Rule 436(c)
under the Securities Act of 1933, are not considered a part of the
Registration Statement prepared or certified by an accountant or a report
prepared or certified by an accountant within the meaning of Sections 7 and
11 of the Act.

   
DELOITTE & TOUCHE LLP


Omaha, Nebraska
June 23, 1995