EXHIBIT 15.2 4 February 1998 The Board of Directors Northern Electric plc Carliol House Market Street Newcastle Upon Tyne NEI 6NE Dear Sirs We are aware of the incorporation by reference in the Registration Statement (Form S-3) of CalEnergy Company, Inc. and CalEnergy Capital Trust III for the registration of 5,400,000 6-1/2% Convertible Preferred Securities, $270,000,000 6-1/2% Convertible Junior Subordinated Debentures of CalEnergy Company, Inc. and 5,653,800 shares of Common Stock of CalEnergy Company, Inc. of our report dated November 29, 1996 relating to the unaudited condensed interim financial statements of Northern Electric plc that are included in the Current Report on Form 8-K/A dated February 18, 1997 of CalEnergy Company, Inc. Pursuant to Rule 436(c) of the Securities Act of 1933 our report is not part of the registration statement prepared or certified by accountants within the meaning of Sections 7 or 11 of the Securities Act of 1933. Yours faithfully ERNST & YOUNG