UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

              [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended March 31, 2000

                         Commission File Number 33-83618

                          SELKIRK COGEN PARTNERS, L.P.
       (Exact name of Registrant (Guarantor) as specified in its charter)

    Delaware                                           51-0324332
(State or other jurisdiction of                       (IRS Employer
incorporation or organization)                       Identification No.)


                        SELKIRK COGEN FUNDING CORPORATION
             (Exact name of Registrant as specified in its charter)

   Delaware                                           51-0354675
(State or other jurisdiction of                       (IRS Employer
incorporation or organization)                       Identification No.)


                 One Bowdoin Square, Boston, Massachusetts 02114
          (Address of principal executive offices, including zip code)


                                 (617) 788-3000
              (Registrant's telephone number, including area code)


     SECURITIES REGISTERED PURSUANT TO SECTION 12 (b) OR 12 (g) OF THE ACT:
                                      None

     Indicate  by check mark  whether the  Registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes  X  No __

     As of May 12, 2000,  there were 10 shares of common stock of Selkirk  Cogen
Funding Corporation, $1 par value outstanding.

================================================================================

<PAGE>


                                TABLE OF CONTENTS

                                                                           Page

                          PART I. FINANCIAL INFORMATION

Item 1.    Financial Statements (unaudited)

           Condensed Consolidated Balance Sheets as of March 31, 2000
           and December 31, 1999.......................................      3

           Condensed Consolidated Statements of Operations for the three
           months ended March 31, 2000 and 1999........................      4

           Condensed Consolidated Statements of Cash Flows for the three
           months ended March 31, 2000 and 1999........................      5

           Notes to Condensed Consolidated Financial Statements........      6

Item 2.    Management's Discussion and Analysis of Financial Condition
           and Results of Operations

           Results of Operations.......................................      8

           Liquidity and Capital Resources.............................     10

Item 3.    Quantitative and Qualitative Disclosures About Market Risk ..    12


                           PART II. OTHER INFORMATION

Item 6.    Exhibits and Reports on Form 8-K.............................    13

SIGNATURES..............................................................    14



                                       2

<PAGE>
<TABLE>
<CAPTION>


                          SELKIRK COGEN PARTNERS, L.P.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (in thousands)


<S>                                                                      <C>                       <C>

                                                                        (unaudited)
                                                                          March 31,                 December 31,
                                                                            2000                        1999
ASSETS

Current assets:
   Cash and cash equivalents.....................................        $  1,194                   $   1,732
   Restricted funds..............................................          25,972                       5,516
   Accounts receivable...........................................          20,790                      15,505
   Due from affiliates...........................................             549                         427
   Fuel inventory and supplies...................................           6,677                       6,831
   Other current assets..........................................             253                         195
                                                                         --------                   ---------
         Total current assets....................................          55,435                      30,206

Plant and equipment, net.........................................         294,300                     297,034
Long-term restricted funds.......................................          28,711                      30,217
Deferred financing charges, net..................................           9,344                       9,630
                                                                         --------                   ---------
                 Total assets                                           $ 387,790                  $  367,087
                                                                        =========                  ==========

LIABILITIES AND PARTNERS' DEFICITS

Current liabilities:
   Accounts payable.............................................       $      177                   $   2,126
   Accrued bond interest payable................................            8,803                         375
   Accrued expenses.............................................           13,973                      11,389
   Due to affiliates............................................              882                         469
   Current portion of long-term bonds...........................            7,307                       7,307
                                                                         --------                   ---------
         Total current liabilities..............................           31,142                      21,666

Long-term liabilities:
   Deferred revenue.............................................            5,805                       5,981
   Other long-term liabilities..................................            9,310                      16,446
   Long-term bonds, net of current portion......................          373,826                     373,826
                                                                         --------                   ---------
         Total liabilities......................................          420,083                     417,919

Partners' deficits:
   General partners' deficits...................................             (311)                       (497)
   Limited partners' deficits...................................          (31,982)                    (50,335)
                                                                         --------                   ---------
         Total partners' deficits...............................          (32,293)                    (50,832)
                                                                         --------                   ---------
                 Total liabilities and partners' deficits.......       $  387,790                 $   367,087
                                                                       ==========                 ===========
</TABLE>

See notes to condensed consolidated financial statements.


                                       3


<PAGE>
<TABLE>
<CAPTION>


                          SELKIRK COGEN PARTNERS, L.P.
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                 (in thousands)
                                  (unaudited)


                                                                              For the Three Months Ended
                                                                    ------------------------------------------
<S>                                                               <C>                              <C>
                                                                    March 31,                        March 31,
                                                                      2000                             1999
                                                                  -----------                      -----------
    Operating revenues:
       Electric and steam..................................       $   48,081                       $    41,236
       Gas resale..........................................            2,365                             1,087
                                                                  ----------                       -----------
            Total operating revenues.......................           50,446                            42,323
    Cost of revenues.......................................           30,626                            25,105
                                                                  ----------                       -----------
    Gross profit...........................................          19,820                             17,218

    Other operating expenses:
       Administrative services, affiliates.................             687                                238
       Other general and administrative....................             374                                459
       Amortization of deferred financing charges..........             285                                289
                                                                  ----------                       -----------
            Total other operating expenses.................           1,346                                986
                                                                  ----------                       -----------

    Operating income.......................................          18,474                             16,232

    Interest (income) expense:
       Interest income.....................................            (628)                              (498)
       Interest expense....................................           8,429                              8,534
                                                                  ----------                       -----------
            Total interest expense, net....................           7,801                              8,036
                                                                  ----------                       -----------

    Income before cumulative effect of a
       change in accounting principle.....................           10,673                              8,196

    Cumulative effect of a change in
       accounting principle...............................            7,866                                ---
                                                                  ----------                       -----------

    Net income............................................        $  18,539                        $     8,196
                                                                  ==========                       ===========

    Net income allocation:
       General partners...................................        $     186                        $        82
       Limited partners...................................           18,353                              8,114
                                                                  ----------                       -----------
            Total.........................................        $  18,539                        $     8,196
                                                                  ==========                       ===========
</TABLE>

See notes to condensed consolidated financial statements.



                                       4
<PAGE>

<TABLE>
<CAPTION>

                          SELKIRK COGEN PARTNERS, L.P.
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (in thousands)
                                  (unaudited)


                                                                             For the Three Months Ended
                                                                        --------------------------------------
<S>                                                                     <C>                          <C>
                                                                        March 31,                    March 31,
                                                                          2000                         1999
                                                                        ---------                    ---------

Net cash provided by operating activities......................         $ 17,988                     $  16,552

Cash flows from investing activities:
   Plant and equipment additions...............................             (375)                          (45)
                                                                        ---------                    ----------

         Net cash used in investing activities.................             (375)                          (45)

Cash flows from financing activities:
   Restricted funds............................................          (18,151)                      (16,945)
                                                                        ---------                    ----------

         Net cash used in financing activities.................          (18,151)                      (16,945)

Net decrease in cash and cash equivalents......................             (538)                         (438)
Cash and cash equivalents, beginning of period.................            1,732                         1,839
                                                                        ---------                    ----------
Cash and cash equivalents, end of period.......................         $  1,194                     $   1,401
                                                                        =========                    ==========


Supplemental cash flow information:

   Cash paid for interest......................................         $    ---                     $     ---
                                                                        =========                    ==========

</TABLE>

See notes to condensed consolidated financial statements.

                                       5

<PAGE>


                          SELKIRK COGEN PARTNERS, L.P.

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (unaudited)

Note 1. Basis of Presentation

The accompanying  unaudited condensed  consolidated financial statements include
Selkirk Cogen  Partners,  L.P. and its  wholly-owned  subsidiary,  Selkirk Cogen
Funding   Corporation,   (collectively  the   "Partnership").   All  significant
intercompany accounts and transactions have been eliminated.

The  condensed   consolidated  financial  statements  for  the  interim  periods
presented  are  unaudited  and have  been  prepared  pursuant  to the  rules and
regulations of the Securities and Exchange Commission. The information furnished
in the condensed consolidated financial statements reflects all normal recurring
adjustments  which,  in the  opinion of  management,  are  necessary  for a fair
presentation  of such financial  statements.  Certain  information  and footnote
disclosures  normally  included in financial  statements  prepared in accordance
with generally  accepted  accounting  principles  have been condensed or omitted
pursuant to rules and regulations applicable to interim financial statements.

These condensed  consolidated financial statements should be read in conjunction
with the audited consolidated financial statements included in the Partnership's
December 31, 1999 Annual Report on Form 10-K.

Note 2. Cumulative Effect of a Change in Accounting Principle

Effective January 1, 2000, the Partnership  changed its method of accounting for
major  maintenance  and overhaul costs.  Beginning  January 1, 2000, the cost of
major maintenance and overhauls has been accounted for as incurred.  Previously,
the estimated cost of major  maintenance and overhauls was accrued in advance in
a systematic and rational  manner over the period between major  maintenance and
overhauls.   The  change  resulted  in  the  Partnership   recording  income  of
approximately  $7.9 million,  reflecting the cumulative  effect of the change in
accounting  principle.  The effect on results of operations for the three months
ended  March 31,  2000 was  immaterial  and the  proforma  effect on  results of
operations for the three months ended March 31, 1999 was immaterial.

Note 3. New Accounting Pronouncements

In June 1998,  the  Financial  Accounting  Standards  Board issued  Statement of
Financial  Accounting  Standards  ("SFAS") No. 133,  "Accounting  for Derivative
Instruments  and Hedging  Activities" (as amended by SFAS No. 137). SFAS No. 133
establishes

                                       6
<PAGE>


accounting and reporting standards for derivative instruments, including certain
derivative instruments embedded in other contracts,  and for hedging activities.
SFAS No. 133 is  effective  for the  Partnership's  fiscal  years  beginning  on
January 1, 2001. Management has not completed an evaluation of the impact on the
Partnership's consolidated financial statements of adopting this new standard.

























                                       7
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS
         --------------------------------------------------

Results of Operations

Three Months  Ended March 31, 2000  Compared to the Three Months Ended March 31,
1999

Net income for the quarter ended March 31, 2000 was approximately  $18.5 million
as compared to approximately  $8.2 million for the  corresponding  period in the
prior year. The $10.3 million  increase in net income is primarily due to higher
electric and steam prices and the Partnership  changing its method of accounting
for major maintenance and overhaul costs.

Effective January 1, 2000, the Partnership  changed its method of accounting for
major  maintenance  and overhaul costs.  Beginning  January 1, 2000, the cost of
major maintenance and overhauls has been accounted for as incurred.  Previously,
the estimated cost of major  maintenance and overhauls was accrued in advance in
a systematic and rational  manner over the period between major  maintenance and
overhauls.   The  change  resulted  in  the  Partnership   recording  income  of
approximately  $7.9 million,  reflecting the cumulative  effect of the change in
accounting principle.  The effect on results of operations for the quarter ended
March  31,  2000 was a  reduction  of  operating  and  maintenance  expenses  of
approximately $0.4 million.

Total  revenues for the quarter  ended March 31, 2000 were  approximately  $50.4
million as compared to approximately $42.3 million for the corresponding  period
in the prior year.


<TABLE>
<CAPTION>

Electric Revenues (dollars and kWh's in millions):
-------------------------------------------------

                                             For the Three Months Ended

                                   March 31, 2000                                March 31, 1999
                          ------------------------------------     -------------------------------------
<S>                       <C>       <C>     <C>       <C>          <C>       <C>     <C>        <C>

                          Dollars   kWh's   Capacity  Dispatch     Dollars   kWh's   Capacity   Dispatch
                          -------   -----   --------  --------     -------   -----   --------   --------
Unit 1                    12.5       151.5    89.27%    95.24%       11.4    152.7    90.65%     99.03%
Unit 2                    34.4       472.2    81.58%    94.96%       29.5    465.8    81.37%     88.80%

</TABLE>

Unit 1 revenues increased approximately $1.1 million for the quarter ended March
31, 2000 as compared to the  corresponding  period in the prior year. During the
quarter  ended March 31, 2000  revenues  from Niagara  Mohawk Power  Corporation
("Niagara Mohawk") and PG&E Energy Trading - Power, L.P. ("PG&E Energy Trading")
were  approximately  $11.3 million and $1.2 million as compared to approximately
$10.6 million and $0.8 million, respectively for the corresponding period in the
prior year.  The increase in Unit 1 revenues was  primarily due to higher market
energy  prices.  During  the  quarters  ended  March  31,  2000  and  1999,  the
Partnership  received Monthly  Contract

                                       8
<PAGE>

Payments and  delivered  energy up to the monthly  contract  quantity to Niagara
Mohawk ("Contract  Energy").  During the quarter ended March 31, 2000,  Contract
Energy was sold at market prices  established by the New York Independent System
Operator whereas,  during the corresponding  period in the prior year,  Contract
Energy was sold at a proxy market price based upon Niagara  Mohawk's  tariff for
power  purchases from  Qualifying  Facilities.  During the months of January and
March 2000, the Partnership  sold the energy produced by Unit 1 in excess of the
Contract  Energy ("Unit 1 Excess Energy") to both Niagara Mohawk and PG&E Energy
Trading and during the month of February  2000 the  Partnership  sold all of the
Unit 1 Excess  Energy to Niagara  Mohawk.  During the month of January  1999 the
Partnership  sold all of the Unit 1 Excess  Energy to Niagara  Mohawk and during
the months of  February  and March 1999 the  Partnership  sold all of the Unit 1
Excess Energy to PG&E Energy Trading.  Unit 1 Excess Energy delivered to Niagara
Mohawk and PG&E Energy Trading was sold at negotiated  market prices.  Amortized
deferred  revenues of  approximately  $0.2 million are also included in revenues
from Niagara Mohawk for the quarters ended March 31, 2000 and 1999.

Unit 2 revenues increased approximately $4.9 million for the quarter ended March
31, 2000 as compared to the  corresponding  period in the prior year. During the
quarter ended March 31, 2000 all of the Unit 2 revenues  were from  Consolidated
Edison  Company  of  New  York,   Inc.  ("Con  Edison")   whereas,   during  the
corresponding period in the prior year, revenues from Con Edison and PG&E Energy
Trading were  approximately  $29.2 million and $0.3 million,  respectively.  The
increase in revenues  from Unit 2 was  primarily  due to the increase in the Con
Edison  contract  price for delivered  energy  resulting  from higher index fuel
prices.  During the quarter  ended  March 31,  1999,  revenues  from PG&E Energy
Trading resulted from the sale of other energy-related products.

Steam  revenues  for the quarter  ended March 31, 2000 were  approximately  $1.2
million as compared to approximately  $0.3 million for the corresponding  period
in the prior year. The $0.9 million increase in steam revenues was primarily due
to the  increase in the General  Electric  contract  price for  delivered  steam
resulting from higher index fuel prices.  Delivered  steam for the quarter ended
March  31,  2000  was   approximately   548.0  million  pounds  as  compared  to
approximately  409.8 million  pounds for the  corresponding  period in the prior
year.

Gas resale revenues for the quarter ended March 31, 2000 were approximately $2.3
million  on  sales  of   approximately   0.8  million  MMBtu's  as  compared  to
approximately $1.1 million on sales of approximately 0.6 million MMBtu's for the
corresponding  period in the prior year. The $1.2 million increase in gas resale
revenues is primarily due to higher natural gas resale  prices.  The increase in
natural  gas resale  prices  during the quarter  ended March 31, 2000  generally
resulted  from higher  market  pricing for both gas and oil as well as increased
demand for electric generation. Gas resales occurred during periods when Units 1
and 2 were not operating at full capacity.

Cost of revenues for the quarter  ended March 31, 2000 was  approximately  $30.6
million on gas  purchases of  approximately  7.1 million  MMBtu's as compared to
$25.1  million on gas  purchases of  approximately  6.9 million  MMBtu's for the
corresponding  period in

                                       9
<PAGE>

the prior year.  The largest  component of the  increase  for the quarter  ended
March 31, 2000 was fuel costs,  which increased  approximately $6.1 million from
the corresponding period in the prior year. The increase in the cost of fuel was
primarily  due to the higher price of gas under the firm fuel supply  agreements
and higher  demand  costs  under the firm fuel  transportation  agreements.  The
elimination of the accrual for major  maintenance  and overhaul costs during the
quarter  ended March 31, 2000  reduced  operating  and  maintenance  expenses by
approximately $0.4 million. The Partnership has foreign currency swap agreements
to hedge against future  exchange rate  fluctuations  under fuel  transportation
agreements  which  are  denominated  in  Canadian  dollars.  During  each of the
quarters  ended  March  31,  2000  and  1999,   fuel  costs  were  increased  by
approximately $0.6 million as a result of the currency swap agreements.

Total  other  operating  expenses  for the  quarter  ended  March 31,  2000 were
approximately  $1.3  million as compared to  approximately  $1.0 million for the
corresponding period in the prior year. The increase in other operating expenses
was primarily due to higher  affiliate  administrative  services.  Additionally,
affiliate  administrative services during the quarter ended March 31, 1999, were
reduced by the write-off of a reserve of approximately  $0.2 million for amounts
no longer claimed by an affiliate.

Net interest expense for the quarter ended March 31, 2000 was approximately $7.8
million as compared to approximately  $8.0 million for the corresponding  period
in the  prior  year.  The  decrease  in net  interest  expense  is due to higher
interest  income and lower interest  expense  resulting from the lower principal
balance outstanding.

Liquidity and Capital Resources

Net cash provided by operating  activities  for the quarter ended March 31, 2000
was approximately  $18.0 million as compared to approximately  $16.6 million for
the  corresponding  period in the prior year.  Net cash  provided  by  operating
activities  primarily  represents  net income  plus the net effect of  recurring
changes in cash receipts and disbursements  within the  Partnership's  operating
assets and liability accounts.

Net cash used in investing  activities  for the quarter ended March 31, 2000 was
approximately   $375,000   as  compared   to   approximately   $45,000  for  the
corresponding  period in the prior year.  Net cash used in investing  activities
primarily represents additions to plant and equipment.

Net cash used in financing  activities  for the quarter ended March 31, 2000 was
approximately  $18.2 million as compared to approximately  $16.9 million for the
corresponding  period  in the  prior  year.  The  increase  in net cash  used in
financing  activities  for the quarter ended March 31, 2000 was primarily due to
additional cash becoming available to deposit into the Principal Fund.  Pursuant
to the  Partnership's  Depositary and  Disbursement  Agreement,  administered by
Bankers Trust  Company,  as depositary  agent,  the  Partnership  is required to
maintain certain  Restricted Funds. Net cash flows used in financing  activities
during the quarter ended March 31, 2000 primarily

                                       10
<PAGE>

represent  deposits of monies into the Interest Fund and Principal Fund, whereas
during the quarter  ended March 31,  1999  monies were only  deposited  into the
Interest Fund.

In 1994 and 1995 Con Edison  claimed the right to acquire  that  portion of Unit
2's firm  natural  gas  supply  not used in  operating  Unit 2,  when  Unit 2 is
dispatched  off-line  or at less  than full  capability  ("non-plant  gas"),  or
alternatively  to be compensated  for 100% of the margins derived from non-plant
gas sales. The Con Edison Power Purchase  Agreement contains no express language
granting  Con  Edison any  rights  with  respect  to such  excess  natural  gas.
Nevertheless,  Con Edison argued that, since payments under the contract include
fixed  fuel  charges  which  are  payable  whether  or not Unit 2 is  dispatched
on-line,  Con Edison is  entitled  to  exercise  such  rights.  The  Partnership
vigorously   disputes  the  position  adopted  by  Con  Edison,  and  since  the
commencement  of Unit  2's  operation  in  1994,  the  Partnership  has made and
continues  to make,  from time to time,  non-plant  gas sales  from Unit 2's gas
supply.  Although  representatives  of Con Edison have  expressly  reserved  all
rights  that Con Edison may have to pursue its  asserted  claim with  respect to
non-plant  gas  sales,   the   Partnership   has  received  no  further   formal
communication  from Con  Edison on this  subject  since  1995.  In the event Con
Edison were to pursue its asserted claim, the Partnership would expect to pursue
all available legal remedies,  but there can be no certainty that the outcome of
such  remedial  action would be favorable to the  Partnership  or, if favorable,
would  provide  for  the  Partnership's  full  recovery  of  its  damages.   The
Partnership's  cash flows from the sale of electric  output would be  materially
and  adversely  affected  if Con Edison were to prevail in its claim to Unit 2's
excess natural gas volumes and the related margins.

On July 21, 1998, the New York Public Service  Commission  ("NYPSC")  approved a
plan  submitted by Con Edison for the  divestiture  of certain of its generating
assets (the "Con Edison Divestiture Plan").  Although the Con Edison Divestiture
Plan  does  not  include  any  proposal  by Con  Edison  for the  sale or  other
disposition of its contractual obligations for purchasing power from non-utility
generators,  like the Partnership,  the NYPSC has ordered Con Edison to submit a
report  regarding  the  feasibility  of  divesting  its  non-utility   generator
entitlements.  At this time, the  Partnership  has  insufficient  information to
determine  whether,  in the course of these proceedings at the NYPSC, Con Edison
may seek to  assign  its  rights  and  obligations  under the Con  Edison  Power
Purchase  Agreement with the  Partnership to a third party or to take some other
action for the purpose of  divesting  itself of the power  purchase  obligations
under such contract;  nor can the Partnership evaluate the impact which any such
assignment or other action,  if proposed,  may ultimately have on the Con Edison
Power Purchase Agreement.

Future  operating  results and cash flows from operations are also dependent on,
among other  things,  the  performance  of  equipment;  levels of dispatch;  the
receipt  of certain  capacity  and other  fixed  payments;  electricity  prices;
natural gas resale prices;  and fuel deliveries and prices. A significant change
in any of these factors could have a material  adverse  effect on the results of
operations for the Partnership.


                                       11
<PAGE>

The Partnership believes, based on current conditions and circumstances, it will
have sufficient cash flows from operations to fund existing debt obligations and
operating costs.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements included herein are forward-looking statements concerning the
Partnership's  operations,  economic performance and financial  condition.  Such
statements are subject to various risks and uncertainties.  Actual results could
differ  materially from those currently  anticipated due to a number of factors,
including  general  business  and  economic   conditions;   the  performance  of
equipment;  levels of dispatch;  the receipt of certain capacity and other fixed
payments;  electricity  prices;  natural gas resale prices;  fuel deliveries and
prices and  whether  Con Edison  were to prevail in its claim to Unit 2's excess
natural gas volumes, and the related margins.

ITEM 3.  QUALITATIVE AND QUANTITATIVE DISCLOSURES ABOUT MARKET RISK

The  Partnership  is exposed to market risk from  changes in interest  rates and
foreign  currency  exchange  rates,  which  could  affect its future  results of
operations  and financial  condition.  The  Partnership  manages its exposure to
these risks through its regular operating and financing activities.

Interest Rates
--------------

The Partnership's  cash and restricted cash are sensitive to changes in interest
rates.  Interest rate changes would result in a change in interest income due to
the difference  between the current  interest rates on cash and restricted  cash
and the  variable  rate that these  financial  instruments  may adjust to in the
future.  A 10% decrease in interest  rates for the quarter  ended March 31, 2000
would  have  resulted  in a  negative  impact of  approximately  $63,000  on the
Partnership's net income.

The  Partnership's  long-term  bonds have fixed interest  rates.  Changes in the
current  market  rates for the bonds  would not  result in a change in  interest
expense due to the fixed coupon rate of the bonds.

Foreign Currency Exchange Rates
-------------------------------

The  Partnership's  currency swap agreements  hedge against future exchange rate
fluctuations  which  could  result  in  additional  costs  incurred  under  fuel
transportation  agreements which are denominated in a foreign  currency.  In the
event  a  counterparty   fails  to  meet  the  terms  of  the  agreements,   the
Partnership's  exposure is limited to the currency  exchange rate  differential.
During the quarter ended March 31, 2000, the currency exchange rate differential
resulted in a negative impact of approximately $580,000 on the Partnership's net
income.


                                       12

<PAGE>


                           PART II. OTHER INFORMATION


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K


(A)          Exhibits

             Exhibit No.        Description
             -----------        -----------

                  18            Letter regarding change in accounting principle


                  27            Financial Data Schedule
                                (For electronic filing purposes only)


(B)      Reports on Form 8-K

         Not applicable.

Omitted  from this Part II are items  which are not  applicable  or to which the
answer is negative for the periods covered.


















                                       13
<PAGE>



                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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.

                                             SELKIRK COGEN PARTNERS, L.P.

                                             JMC SELKIRK, INC.
                                             General Partner



Date: May 15, 2000                           /s/ JOHN R. COOPER
                                             ------------------
                                             Name: John R. Cooper
                                             Title:  Senior Vice President and
                                                     Chief Financial Officer

















                                       14

<PAGE>


                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) 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.

                                           SELKIRK COGEN FUNDING
                                           CORPORATION

Date:  May 15, 2000                        /s/  JOHN R. COOPER
                                           -------------------
                                           Name:  John R. Cooper
                                           Title: Senior Vice President and
                                                  and Chief Financial Officer















                                       15
<PAGE>