8-K 1 ssfc062001.txt 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 June 20, 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.) (Exact name of Registrants (State or other jurisdiction (I.R.S. Employer as specified in their charters) of incorporation or Identification No.) organization) 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. Salton Sea Funding Corporation ("Registrant") reports that its affiliates have executed Agreements Addressing Energy Pricing and Payment Issues with Southern California Edison Company ("Edison"). Under the Agreements, Registrant is to receive within 3 days payments equal to 10% of amounts stipulated as past due along with interest at 7 percent per annum and will begin delivering energy to Edison within 2 business days thereafter. As part of the Agreement, the parties will stay pending collection actions and certain other proceedings. Other terms, including payment of the balance of the amounts stipulated as past due, are conditioned on certain events which would restore Edison to creditworthiness and approval by the California Public Utilities Commission. Copies of the Agreements are included as exhibits 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 Agreement Addressing Renewable Energy Pricing and Payment Issues between Leathers, L.P., QFID No. 3026 and Southern California Edison Company Exhibit 99.2 Agreement Addressing Renewable Energy Pricing and Payment Issues between Elmore, Ltd. QFID No. 3009 and Southern California Edison Company Exhibit 99.3 Agreement Addressing Renewable Energy Pricing and Payment Issues between Vulcan/BN Geothermal Power Company QFID No. 3006 and Southern California Edison Company Exhibit 99.4 Agreement Addressing Renewable Energy Pricing and Payment Issues between Del Ranch, Ltd. QFID No. 3004 and Southern California Edison Company Exhibit 99.5 Agreement Addressing Renewable Energy Pricing and Payment Issues between Salton Sea Power Generation L.P. (Unit 1) QFID No. 3039 and Southern California Edison Company Exhibit 99.6 Agreement Addressing Renewable Energy Pricing and Payment Issues between Salton Sea Power Generation L.P. (Unit 2) QFID No. 3028 and Southern California Edison Company Exhibit 99.7 Agreement Addressing Renewable Energy Pricing and Payment Issues between Salton Sea Power Generation L.P. (Unit 3) QFID No. 3025 and Southern California Edison Company Exhibit 99.8 Agreement Addressing Renewable Energy Pricing and Payment Issues between Salton Sea Power Generation L.P. (Unit 4) QFID No. 3050 and Southern California Edison Company 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: June 20, 2001 By: /s/ Douglas L. Anderson Douglas L. Anderson Vice President