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CALIFORNIA ENERGY ANNOUNCES PROPOSED OFFERING OF CONVERTIBLE SUBORDINATED DEBENTURES

 OMAHA, Neb., June 18 /PRNewswire/ -- California Energy Company, Inc. (AMEX, PSE: CE) today announced a proposed offering of convertible subordinated debentures in the amount of $100 million, which is expected to close on June 24, 1993. This press release shall in no way constitute an offer to sell or the solicitation of an offer to buy the debentures.
 California Energy Company develops environmentally responsible power generating facilities nationally. Its five operating facilities currently produce in excess of 250 net megawatts.
 -0- 6/18/93
 /CONTACT: David L. Sokol, president and chief executive officer, or John G. Sylvia, vice president and chief financial officer of California Energy, 402-330-8900/
 (CE)


CO: California Energy Company, Inc. ST: Nebraska IN: UTI SU: OFR

PS -- NY007 -- 3419 06/18/93 08:14 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
Words:128
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