Securities and Exchange Commission
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act 1934
Date of Report January 30, 2004
(Date of earliest event reported)
CE Generation, LLC
(Exact name of registrant as specified in its charter)
Delaware 333-89521 47-0818523
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(State or other (Commission File (IRS Employer
jurisdiction of Num Identification No.)
incorporation or
organization)
302 South 36th Street, Suite 400 Omaha, NE 68131
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(Address of principal executive offices) (Zip Code)
Registrant'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.
CE Generation, LLC reported today that its indirect subsidiary, Salton
Sea Funding Corporation ("Funding Corporation"), has notified the holders of
Funding Corporation's 7.475% Senior Secured Series F Bonds due November 30, 2018
of the redemption of an aggregate principal amount of $136,383,000 of such
Bonds, pro rata, in part, at a redemption price of 100% of such aggregate
outstanding principal amount, plus accrued interest to the redemption date of
March 1, 2004. The redemption is made pursuant to Section 2(j) of Funding
Corporation's Fourth Supplemental Indenture at the option of Funding Corporation
as substantial completion of the Zinc Recovery Project owned by CalEnergy
Minerals LLC ("CalEnergy Minerals") has not occurred and CalEnergy Minerals has
used reasonable efforts to cause such Zinc Recovery Project to achieve
substantial completion on or prior to its guaranteed substantial completion
date. Funding Corporation expects to make a demand on MidAmerican Energy
Holdings Company ("MidAmerican") for the amount remaining on MidAmerican's
guarantee of the Series F Bonds in order to fund the redemption. Upon such
expected demand and payment under MidAmerican's guarantee, MidAmerican will have
no further payment obligation thereunder.
FORWARD LOOKING STATEMENTS
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.
CE GENERATION, LLC
Dated: January 30, 2004 By: /s/ Paul J. Leighton
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Paul J. Leighton
Secretary