8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report

                     Pursuant to Section 13 or 15 (d) of the
                         Securities Exchange Act of 1934

                         Date of Report February 8, 2001

                         -------------------------------
                        (Date of earliest event reported)

                          Commission File No. 33-95538

                             -----------------------

                         SALTON SEA FUNDING CORPORATION

                         ------------------------------
             (Exact name of registrant as specified in its charter)

                                   47-0790493

                                   ----------
                        (IRS Employer Identification No.)

                                      (State or other
                                        jurisdiction

(Exact name of Registrants            of incorporation        (I.R.S. Employer
as specified in their charters)       or organization)       Identification No.)
- -------------------------------      ------------------      -------------------

Salton Sea Brine Processing L.P.          California             33-0601721
Salton Sea Power Generation L.P.          California             33-0567411
Fish Lake Power LLC                       Delaware               33-0453364
Vulcan Power Company                      Nevada                 95-3992087
CalEnergy Operating Corporation           Delaware               33-0268085
Salton Sea Royalty LLC                    Delaware               47-0790492
VPC Geothermal LLC                        Delaware               91-1244270
San Felipe Energy Company                 California             33-0315787
Conejo Energy Company                     California             33-0268500
Niguel Energy Company                     California             33-0268502
Vulcan/BN Geothermal Power Company        Nevada                 33-3992087
Leathers, L.P.                            California             33-0305342
Del Ranch, L.P.                           California             33-0278290
Elmore, L.P.                              California             33-0278294
Salton Sea Power LLC                      Delaware               47-0810713
CalEnergy Minerals LLC                    Delaware               47-0810718
CE Turbo LLC                              Delaware               47-0812159
CE Salton Sea Inc.                        Delaware               47-0810711
Salton Sea Minerals Corp.                 Delaware               47-0811261

302 S. 36th Street, Suite 400-A, Omaha, NE     68131
- ----------------------------------------------------

(Address of principal executive offices and Zip Code
of Salton Sea Funding Corporation)

Salton Sea Funding Corporation's Telephone Number,
including area code: (402) 341-4500

                                       N/A

- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)



Item 5.  Other Events.

         The  Registrant  noted that on February  5, 2001  Edison  International
(Edison)  filed its current  report on Form 8-K with the Securities and Exchange
Commission wherein it reported that its subsidiary,  Southern  California Edison
Company  (SCE) had failed to make timely  payment on certain of its  obligations
due for periods ending on or before  February 5, 2001. The report also described
certain  recent  legislative  and  regulatory  actions  taken  by the  State  of
California  to address its energy  situation  which could  affect SCE. A copy of
Edison's current report on Form 8-K is included as an exhibit to this report.

         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

Exhibit 99.1 - Edison International Current Report on Form 8-K dated February 5,
2001.



                                                      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.

                                                  SALTON SEA FUNDING CORPORATION


Date:  February 8, 2001                           By: /s/  Paul J. Leighton
                                                      --------------------------
                                                      Paul J. Leighton
                                                      Secretary



                                  Exhibit Index

Description                                                          Exhibit No.

Edison International 8-K February 5, 2001                                   99.1

EX-99.1

                                                                    EXHIBIT 99.1



                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): February 1, 2001



                              EDISON INTERNATIONAL
             (Exact name of registrant as specified in its charter)



            CALIFORNIA                     001-9936              95-4137452
(State or principal jurisdiction of    (Commission file       (I.R.S. employer
  incorporation or organization)            number)          identification no.)



                            2244 Walnut Grove Avenue

                                 (P.O. Box 800)
                           Rosemead, California 91770
          (Address of principal executive offices, including zip code)

                                  626-302-2222
              (Registrant's telephone number, including area code)




Items 1 through 4, 6, 8 and 9 are not included because they are inapplicable.

Item 5.  Other Events

As previously  reported,  Southern California Edison Company (SCE), the electric
utility  subsidiary of Edison  International  (EIX),  has temporarily  suspended
payment of certain obligations.  From January 16, 2001 through February 5, 2001,
SCE has failed to pay approximately  $395 million of maturing  commercial paper.
SCE has  approximately  $136 million of commercial paper still  outstanding that
matures at various  times during  February,  March and April 2001. As previously
reported,  on January 16,  2001,  SCE failed to pay $200 million of principal of
one maturing series of its senior unsecured notes and accrued interest  totaling
approximately  $30 million on certain series of its senior  unsecured  notes and
first  mortgage  bonds.  In addition,  on February 1, 2001, SCE failed to pay an
interest  installment of  approximately  $5.1 million on its Floating Rate Notes
due 2002.  Under the indenture for SCE's senior  unsecured notes, the failure to
pay principal was an immediate event of default as to the one series of notes on
which the  principal was due, and the failure to pay interest on other series of
notes will  become an event of default as to each  affected  series if not cured
within 30 days.  Under the indenture for SCE's first mortgage bonds, the failure
to pay an  installment  of interest will become an event of default with respect
to all the outstanding bonds if not cured within 60 days. If an event of default
occurs as to any series of senior unsecured notes, the trustee or the holders of
25% in principal amount of the notes of such series may declare the principal of
the  notes of that  series to be  immediately  due and  payable.  If an event of
default occurs as to any series of first mortgage bonds,  the trustee or holders
of 25% in  principal  amount  of all  the  outstanding  bonds  may  declare  the
principal of all the bonds to be immediately due and payable. In addition, SCE's
failure to pay any  obligation  for  borrowed  money in an  aggregate  amount in
excess of $10 million  would  constitute an event of default with respect to all
of the senior unsecured notes and SCE's  outstanding  quarterly income preferred
securities  if not cured  within 30 days after  notice  from the  trustee or the
holders of the securities. No such notice has been received by SCE.

On February  1, 2001,  SCE did not make a payment  due to the  California  Power
Exchange (PX) for energy purchases by the California Independent System Operator
(ISO) of approximately  $34 million.  Through February 5, 2001, SCE has deferred
payments for purchased power and related services aggregating approximately $743
million to the PX, ISO and qualifying  facilities  (QFs).  Through  February 28,
2001,  approximately  $733 million of additional  purchased  power payments will
become due to the PX, ISO and QFs.  These amounts do not include  payments which
will  become due after such dates for power  delivered  before  such  dates.  In
addition,  as of February 5, 2001, SCE has withheld  payment of $79.8 million of
PX energy credits for energy service providers.  As of February 5, 2001, SCE has
cash reserves of about $1.36  billion.  SCE's  current cash flow forecast  shows
that, if SCE had paid all obligations as they became due, SCE would have run out
of cash on February 2, 2001.

Due to downgrades in SCE's  short-term  credit  ratings and SCE's failure to pay
its obligations to the PX, the PX has suspended SCE's market trading  privileges
and sought to liquidate SCE's

                                        2



block  forward  contracts  for the purchase of power.  On  February,  2, 2001, a
California   Superior   Court  judge  denied  SCE's  motion  for  a  preliminary
injunction,  freeing the PX to liquidate the contracts and apply the proceeds to
amounts owed by SCE to the PX,  subject to any claims or defenses by SCE.  Later
that day, however,  California  Governor Gray Davis,  acting under  California's
Emergency Services Act, seized the contracts for the benefit of the state before
they could be sold by the PX. Under the act, the state must  compensate  SCE for
the reasonable  value of the  contracts.  The PX has indicated that it will also
seek to recover  the monies that SCE owes to the PX from any  proceeds  realized
from those contracts.

On January 19, 2001,  American Home Assurance Company ("American Home") notified
SCE that due to SCE's failure to comply with its payment  obligations to the PX,
the PX issued a demand to American Home on a $20 million pool performance  bond.
American Home demanded payment from SCE by January 29, 2001 of $20 million under
an indemnity  agreement  between SCE and American Home. SCE has not yet paid the
amount demanded. SCE believes American Home is not obligated to pay the PX until
February  15, 2001.  American  Home has  threatened  to file suit against SCE to
enforce its rights under the indemnity agreement.

On January 18, 2001,  Standard & Poor's further  lowered its  short-term  credit
rating of EIX to "D" from "C" and its  ratings  on those  series  of SCE's  debt
securities as to which  payments have been missed to "D" from "CC." EIX has made
and  expects  to  continue  to make all  payments  on its  securities  and other
obligations  as they become due. The  reductions  in EIX's  ratings  reflect the
problems at SCE.  At January  31,  2001,  EIX's cash and  investments  were $297
million.  EIX's  obligations  on  commercial  paper coming due through March 15,
2001,  which is the last  maturity  date,  are $34.6  million.  EIX has no other
obligations on indebtedness due during such period.

During the period since January 16, 2001, when SCE began suspending payments, no
payments have come due under its bank credit facilities; and neither EIX nor SCE
is in arrears on any payments to its bank  lenders.  However,  SCE's  failure to
make certain  payments on other debt as described above  constitutes an event of
default  under both SCE's and EIX's  credit  facilities.  The bank  lenders have
agreed to forbear until February 13, 2001, subject to certain  conditions,  from
exercising remedies,  including acceleration of borrowed amounts, against EIX or
SCE with respect to this and certain other  related  events of default under the
credit facilities.

SCE is  continuing  to seek to  avoid  bankruptcy.  Subject  to the  outcome  of
regulatory  and legal  proceedings,  legislative  enactments,  and  negotiations
regarding purchased power costs, SCE intends to pay all of its obligations after
a solution to the current  energy and  liquidity  crisis has been  reached  that
allows SCE to recover past  undercollected  power procurement costs. EIX and SCE
cannot  predict if or when such a solution  may be  achieved.  SCE's  actions in
suspending certain payments are intended to allow SCE to continue to operate its
business while efforts to solve the current crisis are underway.  It is possible
that SCE could be forced into bankruptcy proceedings.

On February 1, 2001,  Governor Davis signed into law Assembly Bill 1X, which was
passed by the  California  Legislature  as an urgency  measure  during a special
session. The new law

                                        3



(1) authorizes the California  Department of Water Resources (DWR) to enter into
contracts  to  purchase   electric  power  and  to  sell  power  at  cost,  plus
administration  and  transmission  costs,  to retail  end-use  customers  and to
municipal  utilities  that do not sell more power than they use; (2)  authorizes
the  DWR  to  issue  revenue  bonds  to  finance  electricity   purchases;   (3)
appropriates   $500   million  from   California's   General  Fund  to  purchase
electricity;  (4) directs the California  Public Utilities  Commission (CPUC) to
determine  the  amount  of a  California  Procurement  Adjustment  (CPA)  as the
residual  amount of a utility's  generation  component of its rates effective on
January  5,  2001,  after  deducting  the  costs  of  utility-owned  generation,
qualifying  facility  contracts,  existing  bilateral  contracts,  and ancillary
services,  and to determine the amount of the CPA that is allocable to the power
sold by the DWR which will be payable to the DWR when  received  by the  utility
from  retail  end use  customers;  (5)  directs  the CPUC to set  rates to cover
revenue  requirements  of the DWR's power  purchasing  program as advised by the
DWR; (6) provides that the CPUC shall not increase the  electricity  charges now
in effect for residential customers for existing baseline quantities or usage by
those customers of up to 130% of existing baseline  quantities,  until such time
as the DWR has  recovered  the costs of power it has procured for the  utility's
retail end use  customers;  (7) directs the CPUC,  at a time it  determines,  to
suspend,  until the DWR stops procuring power for retail customers,  the ability
of retail customers to acquire service from alternative providers of electricity
(additional legislation is expected to further address this issue); (8) ends the
DWR's  authority  to  contract  for power on January 2, 2003;  and (9) repeals a
statute enacted last year allowing  utilities to buy and sell power only through
the PX. As an urgency statute, the new law takes effect immediately. The new law
enables the DWR to contract on a  longer-term  basis to meet the energy needs of
California  that are not met by the existing owned and  contracted  resources of
California  utilities.  The new law does not address the  recovery of SCE's past
undercollected  power procurement  costs,  which is the subject of another bill,
Assembly Bill 18X, that is in the early stages of  consideration  in a committee
of the  California  Assembly.  EIX and  SCE  cannot  predict  what  actions  the
California Legislature may take on this issue.

SCE is continuing to pursue a lawsuit against the CPUC in federal district court
in Los Angeles  seeking a ruling that SCE is entitled to just  compensation  for
and full recovery of its costs for wholesale purchases of electricity. A hearing
has been scheduled for February 12, 2001 to consider two motions filed by SCE: a
motion  for a  preliminary  injunction  ordering  the  CPUC to  institute  rates
sufficient  to enable  SCE to recover  its past  procurement  costs,  subject to
refund  if  necessary  after  the case is  concluded,  and a motion  to  specify
material  facts  without  substantial  controversy,  i.e., to declare that SCE's
procurement  costs  between May 2000 and  December 31, 2000 were  reasonable.  A
similar  case  filed  by  Pacific  Gas and  Electric  Company  (PG&E)  has  been
transferred  to the federal  district  court in Los Angeles to be coordinated or
consolidated with SCE's case.  Neither SCE nor EIX can predict whether or when a
favorable final judgment might be obtained in this legal action.

On January 31, 2001, the CPUC issued an interim decision taking emergency action
to adopt regulations to establish  delivery and payment  mechanisms  relating to
the DWR's  electric  power  purchases.  The CPUC found that the DWR should  sell
power  directly  to retail  end-use  customers  as opposed  to making  direct or
indirect sales to the ISO or  investor-owned  utilities.  The order requires the
utilities to deliver the power purchased by the DWR to retail end-use

                                        4



customers.  The CPUC's  decision  establishes the DWR's right to receive certain
payments from retail end-use customers entitling the DWR to receive a percentage
of the amount each retail  end-use  customer  currently  is charged for electric
energy.  The decision  establishes a method by which the utilities shall collect
such  portion  which is to be held in trust for the DWR. If a  shortfall  exists
between the cost of the power purchased by the DWR for the utilities'  customers
and revenue  collected from customers by the utilities,  the utilities  shall be
obligated  to pay the  shortfall.  The  utilities  are  required  to file advice
letters  within 60 days to  implement  this  provision in a manner that does not
jeopardize  the utilities'  financial  stability.  Under present  conditions and
without  satisfactory  legislative  and  regulatory  solutions that allow SCE to
recover wholesale power procurement  costs, SCE expects that it will not be in a
position  to  implement  this  provision  without   jeopardizing  its  financial
stability.  The interim  decision  also  requires  the  utilities to file advice
letters  within  30  days to  establish  cost-based  rates  for  their  retained
generation.  In the  light  of the  enactment  into law of  Assembly  Bill 1X on
February  1, 2001,  it is unclear  what  validity  or effect the CPUC's  interim
decision will have. SCE is seeking to have the interim decision  reconsidered or
withdrawn by the CPUC.

On January 26, 2001, an assigned CPUC commissioner's  ruling was issued in SCE's
rate  stabilization  plan  proceeding.  The ruling stated that the current first
phase  of  the  proceeding  will  include  (1)  reviewing  the  results  of  the
previously-ordered  independent  audits of SCE and PG&E and determining  whether
there is a financial necessity for other or additional relief for the utilities;
(2)   considering  the  proposal  of  The  Utility  Reform  Network  (TURN)  for
reconciliation of the utilities'  transition  revenue accounts,  transition cost
balancing  accounts,  and generation  memorandum  accounts;  and (3) considering
whether the current  retail rate freeze has ended only on a  prospective  basis.
SCE and PG&E had argued that the first phase  should  include  consideration  of
whether the rate freeze ended as of an earlier date.  The ruling stated that the
CPUC will address the issue of whether the utilities'  power  procurement  costs
were  reasonable  and  prudent in a later  phase of the  proceeding.  The ruling
adopted a procedural  schedule leading to an anticipated  final CPUC decision on
March 27, 2001.

On January 29, 2001, the CPUC released the independent  auditor's report of KPMG
LLC on the  financial  condition  and  solvency of SCE and its  affiliates.  The
report covers cash needs,  credit  relationships,  energy cost  scenarios,  cost
containment initiatives,  accounting mechanisms to track stranded cost recovery,
the TURN  proposal,  flow of funds  between SCE and EIX,  and  earnings of SCE's
California affiliates.

On January  30,  2001,  the CPUC  released  the agenda for its  February 8, 2001
meeting.  The agenda  includes a proposed  order  instituting  an  investigation
and/or  order to show cause  whether the  California  investor-owned  utilities,
including SCE, have complied with past CPUC decisions  authorizing their holding
company  formations  and/or  governing  affiliate   transactions,   as  well  as
applicable  statutes.  The agenda states that the CPUC may also inquire  whether
additional  rules or changes are needed to address changing  circumstances,  and
that if the CPUC  determines  that  there has been  noncompliance,  it may order
appropriate   remedies,   including   but  not  limited  to   penalties   and/or
modifications  or additions to the  conditions,  or  otherwise,  of the relevant
decisions.  According to the agenda,  the CPUC may also impose other prospective
rules, conditions,  or other remedies, as appropriate,  that may result from the
inquiry. Although EIX

                                        5



and SCE do not know what  actions,  if any,  may be taken by the CPUC  regarding
holding  companies,  it is possible that the CPUC will seek to impose on EIX the
obligation  to bear  some or all of the  undercollected  costs  that  have  been
suffered  by SCE.  Any such  effort by the CPUC,  if  successful,  would  have a
material adverse effect on EIX.

General Re  Financial  Products  Corp.  (General  Re),  the  counterparty  on an
interest rate swap agreement entered into by SCE, has obtained an ex parte order
of attachment  from a federal  district court in New York covering an account of
SCE with a New York bank having a balance of about $1.6  million.  General Re is
seeking payment of $8.8 million for early termination of the swap agreement. SCE
has filed a motion with the court to have the order of attachment vacated.

On January  31,  2001,  SCE was  provided  with a copy of a  complaint  which it
understands has been filed against it, EIX and unnamed related parties in Orange
County Superior Court in California. The named plaintiff, who purports to sue as
a representative  of customers who have placed deposits with SCE as security for
electric  service,  alleges that SCE has transferred $4.8 billion to EIX and the
other  defendants over the last four years in violation of California's  Uniform
Fraudulent  Transfer  Act  and has  engaged  in  unfair  business  practices  in
violation  of  California  law.  The  complaint  seeks  avoidance of the alleged
transfer of funds, restitution in the amount $4.8 billion, issuance of a writ of
attachment, and other relief. SCE and Edison International have yet to be served
with the complaint and cannot predict the outcome of this case.

In connection  with SCE's failure to pay PX energy  credits,  one energy service
provider has filed a complaint with the CPUC demanding payment.

On  February  3, 2001,  Unit 3 at SCE's San Onofre  Nuclear  Generating  Station
experienced a fire due to an electrical fault in the non-nuclear  portion of the
plant.  Based on an initial assessment of the damage, SCE expects that the plant
will  remain out of service for at least  several  weeks.  A detailed  return to
service plan is under  development  pending  completion of the damage assessment
and the determination of the duration for necessary repairs.

In the preceding  discussion and elsewhere in this report,  the words "expects,"
"believes,"   "anticipates,"  "projects,"  "forecasts,"  "intends,"  "predicts,"
"probable,"   and  other   similar   expressions   are   intended   to  identify
forward-looking  information  that  involves  risks  and  uncertainties.  Actual
results  or  outcomes  could  differ  materially  as a result of such  important
factors as legislative enactments; the outcome of judicial proceedings regarding
recovery of costs and other matters; the outcome of state and federal regulatory
proceedings   concerning   wholesale  and  retail  electric  rates,   accounting
mechanisms and other matters; the actions of securities rating agencies; changes
in prices of electricity and fuel costs; the availability of credit;  changes in
financial market conditions;  weather  conditions;  and other unforeseen events,
some of which are discussed above.

                                        6



Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(a)      Not applicable

(b)      Not applicable

(c)      Not applicable



                                   SIGNATURES

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.

                                          EDISON INTERNATIONAL
                                              (Registrant)




                                            KENNETH S. STEWART
                                       -------------------------------
                                            KENNETH S. STEWART
                              Assistant General Counsel and Assistant Secretary


February 5, 2001