FORM 10-Q

(Mark One)
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 For the quarterly period ended    September 30, 2004
                                              ------------------

                                       or

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 For the transition period from _______________to________________

Commission File Number:         333-83815
                                ---------

                          Caithness Coso Funding Corp.
                          ----------------------------
             (Exact name of registrant as specified in its charter)

              Delaware                                  94-3328762
              --------                                  ----------
    (State or other jurisdiction of                  (I.R.S. Employer
     incorporation or organization)                 Identification No.)

   Coso Finance Partners              California               68-0133679
   Coso Energy Developers             California               94-3071296
   Coso Power Developers              California               94-3102796
   ---------------------              ----------               ----------
 (Exact names of Registrants        (State or other         (I.R.S. Employer
as specified in their charters)     jurisdiction of        Identification No.)
                                    incorporation or
                                      organization)


565 Fifth Avenue, 29th Floor, New York, New York             10017-2478
-------------------------------------------------            ----------
   (Address of principal executive offices)                  (Zip Code)

                                 (212) 921-9099
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
                    (Former name, former address and former
                   fiscal year, if changed since last report.)


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.                                [X] Yes [ ] No

                     APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.


       300 shares in Caithness Coso Funding Corp. as of November 12, 2004
       ------------------------------------------------------------------
<PAGE>
                          CAITHNESS COSO FUNDING CORP.
                                    Form 10-Q
                    For the Quarter Ended September 30, 2004



PART I.    FINANCIAL INFORMATION                                        Page No.

ITEM 1.    Financial Statements

    Caithness Coso Funding Corp.
    Unaudited balance sheets at September 30, 2004 and December 31, 2003       4
    Unaudited statements of operations for the three-months ended
      September 30, 2004, the three-months ended September 30, 2003,
      the nine-months ended September 30, 2004 and the nine-months
      ended September 30, 2003                                                 5
    Unaudited condensed statements of cash flows for the nine-months ended
      September 30, 2004 and the nine-months ended September 30, 2003          6
    Notes to the unaudited financial statements                                7

    Coso Finance Partners and Subsidiary
    Unaudited consolidated balance sheets at September 30, 2004 and
      December 31, 2003                                                        8
    Unaudited consolidated statements of operations for the three-months
      ended September 30, 2004, the three-months ended September 30, 2003,
      the nine-months ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                       9
    Unaudited consolidated condensed statements of cash flows for the
      nine-months ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                      10
    Notes to the unaudited consolidated financial statements                  11

    Coso Energy Developers
    Unaudited balance sheets at September 30, 2004 and December 31, 2003      13
    Unaudited statements of operations for the three-months ended
      September 30, 2004, the three-months ended September 30, 2003,
      the nine-months ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                      14
    Unaudited condensed statements of cash flows for the nine-months
      ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                      15
    Notes to the unaudited financial statements                               16

    Coso Power Developers and Subsidiary
    Unaudited consolidated balance sheets at September 30, 2004 and
      December 31, 2003                                                       17
    Unaudited consolidated statements of operations for the three-months
      ended September 30, 2004, the three-months ended September 30, 2003,
      the nine-months ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                      18
                                       2

    Unaudited consolidated condensed statements of cash flows for the
      nine-months ended September 30, 2004 and the nine-months ended
      September 30, 2003                                                      19
    Notes to the unaudited consolidated financial statements                  20

ITEM 2.     Management's Discussion and Analysis of Financial Condition
            and Results of Operations                                         21

ITEM 3.     Control and Procedures                                            27

PART II.    OTHER INFORMATION

ITEM 1.     Legal Proceedings                                                 28
ITEM 2.     Change in Securities and Use of Proceeds                          28
ITEM 3.     Defaults upon Senior Securities                                   28
ITEM 4.     Submission of Matters to a Vote of Security Holders               28
ITEM 5.     Other Information                                                 28
        Supplemental consolidated and combined financial information
         for the Coso Partnerships and Subsidiaries
        Unaudited consolidated and combined balance sheets at September
         30, 2004 and December 31, 2003                                       29
        Unaudited consolidated and combined statements of operations for
         the three-months ended September 30, 2004, three-months ended
         September 30, 2003, the nine-months ended September 30, 2004 and
         the nine-months ended September 30, 2003                             30
        Unaudited consolidated, combined and condensed statements of
         cash flows for the nine-months ended September 30, 2004 and
         the nine-months ended September 30, 2003                             31
        Notes to the consolidated unaudited combined financial statements     32

ITEM 6.    Exhibits and Reports on Form 8-K                                   34

                                        3
<PAGE>
<TABLE>
<CAPTION>
                                          CAITHNESS COSO FUNDING CORP.
                                            UNAUDITED BALANCE SHEETS
                                             (Dollars in thousands)


                                                                              September 30,          December 31,
                                                                                  2004                  2003
<S>                                                                            <C>                   <C>
                    Assets:
Current Assets:
  Accrued interest receivable................................................   $   6,378             $   1,008
  Current portion of project loan from Coso Finance Partners.................      12,456                10,694
  Current portion of project loan from Coso Energy Developers................       9,425                 9,920
  Current portion of project loan from Coso Power Developers.................      11,110                10,718
                                                                                   ------                ------
                          Total current assets                                     39,369                32,340


Project loan from Coso Finance Partners......................................      80,811                86,853
Project loan from Coso Energy Developers.....................................      71,427                74,901
Project loan from Coso Power Developers......................................      55,848                60,528
                                                                                   ------                ------

                          Total assets                                          $ 247,455             $ 254,622
                                                                                  =======               =======

                    Liabilities and Stockholders' Equity:

Current Liabilities:
   Senior secured notes:
   Accrued interest payable..................................................   $   6,378             $   1,008
   Current portion on project loans..........................................      32,991                31,332
                                                                                   ------                ------
                          Total current liabilities                                39,369                32,340

9.05% notes due December 15, 2009............................................     208,086               222,282

Stockholders' equity.........................................................           -                     -
                                                                                  -------               -------

                          Total liabilities & stockholders' equity              $ 247,455             $ 254,622
                                                                                  =======               =======





                       See accompanying notes to the unaudited financial statements

                                                  4
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                        CAITHNESS COSO FUNDING CORP.
                                     UNAUDITED STATEMENTS OF OPERATIONS
                                           (Dollars in thousands)



                                      Three-Months       Three-Months       Nine-Months        Nine-Months
                                         Ended              Ended              Ended              Ended
                                      September 30,      September 30,      September 30,      September 30,
                                          2004               2003               2004               2003
<S>                                  <C>                 <C>                <C>                <C>
Interest income.................       $    5,482         $    6,144         $   16,846         $   18,761
Interest expense................           (5,482)            (6,144)           (16,846)           (18,761)
                                           -------            -------           --------           --------

      Net income................       $        -         $        -         $        -         $        -
                                           =======            =======           ========           ========





                       See accompanying notes to the unaudited financial statements

                                                   5
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                          CAITHNESS COSO FUNDING CORP.
                                  UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
                                             (Dollars in thousands)

                                                                                   Nine-Months          Nine-Months
                                                                                      Ended                Ended
                                                                                  September 30,        September 30,
                                                                                      2004                 2003
<S>                                                                                <C>                  <C>
Cash flows from investing activities - repayment of project loans......            $    7,167           $    5,044
Cash flows from financing activities - repayment of 9.05% notes........                (7,167)              (5,044)
                                                                                        -----                -----

Net changes in cash....................................................            $        -           $        -
                                                                                       ======               ======
Supplemental cash flow disclosure:
    Cash paid for interest.............................................            $   11,476           $   12,726
                                                                                       ======               ======






                     See accompanying notes to the unaudited condensed financial statements

                                                   6
</TABLE>
<PAGE>
                          CAITHNESS COSO FUNDING CORP.
                   NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
                             (Dollars in thousands)


(1)      Organization and Operations

Caithness Coso Funding Corp.  (Funding  Corp.),  which was incorporated on April
22,  1999,  is a  single-purpose  Delaware  corporation  formed to issue  senior
secured  notes  (Notes) for its own account and as an agent  acting on behalf of
Coso  Finance  Partners  (CFP),  Coso Energy  Developers  (CED),  and Coso Power
Developers  (CPD),  collectively,   the  "Partnerships."  The  Partnerships  are
California general Partnerships.

On May 28, 1999,  Funding  Corp.  sold  $413,000 of Notes.  Pursuant to separate
credit agreements  between Funding Corp. and each Partnership,  the net proceeds
from the offering Notes were loaned to the Partnerships. Payment of the Notes is
provided for by payments made by the Partnerships under their respective project
loans.  Funding Corp. has no material  assets other than the project loans,  and
does not conduct any  operations  apart from having  issued the Notes and making
the project loans to the Partnerships.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information.  Accordingly, certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America  have been  condensed  or omitted  pursuant  to such  rules.  Management
believes that the disclosures are adequate to make the information presented not
misleading when read in conjunction with the financial  statements and the notes
thereto in the audited financial statements for the year ended December 31,2003.

The preparation of unaudited financial  statements in accordance with accounting
principles  generally  accepted in the United States  requires  Funding Corp. to
make certain  estimates and assumptions for the reporting periods covered by the
financial  statements.  These  estimates  and  assumptions  affect the  reported
amounts of assets, liabilities, income and expenses during the reporting period.
Actual  results could differ from these  estimates.  The  financial  information
herein presented  reflects all adjustments,  consisting only of normal recurring
adjustments,  which are,  in the  opinion of  management,  necessary  for a fair
statement  of the  results for interim  periods  presented.  The results for the
interim periods are not necessarily indicative of results to be expected for the
full year.

                                       7
<PAGE>
<TABLE>
<CAPTION>
                                             COSO FINANCE PARTNERS
                                                AND SUBSIDIARY
                                     UNAUDITED CONSOLIDATED BALANCE SHEETS
                                             (Dollars in thousands)

                                                                                    September 30,         December 31,
                                                                                         2004                2003
<S>                                                                                  <C>                  <C>
                            Assets:
Current Assets:
  Cash and cash equivalents..................................................        $   9,921            $   1,454
  Restricted cash and cash equivalents.......................................           10,737               11,408
  Accounts receivable, net...................................................           12,180                6,925
  Prepaid expenses & other assets............................................            1,105                  872
  Inventory..................................................................            5,346                5,270
  Amounts due from related parties...........................................            1,449                1,525
                                                                                        ------               ------
                                       Total current assets                             40,738               27,454


Restricted cash and cash equivalents..........................................          14,667               13,249
Property, plant & equipment, net..............................................         132,091              135,871
Purchase power contract, net..................................................           7,936                8,798
Deferred financing costs, net.................................................           1,656                1,893
                                                                                       -------              -------

                                       Total assets                                  $ 197,088            $ 187,265
                                                                                       =======              =======

                            Liabilities and Partners' Capital:

Current Liabilities:
  Accounts payable and accrued liabilities...................................        $   4,943            $   4,503
  Amounts due to related parties.............................................            2,493                  474
  Current portion of project loan............................................           12,456               10,694
                                                                                        ------               ------
                                       Total current liabilities                        19,892               15,671

Other liabilities............................................................           16,915               15,603
Project loan.................................................................           80,811               86,853
                                                                                       -------              -------
                                       Total liabilities                               117,618              118,127

Minority interest............................................................            2,397                2,462
Partners' capital............................................................           77,073               66,676
                                                                                       -------              -------

                                       Total liabilities & partners' capital         $ 197,088            $ 187,265
                                                                                       =======              =======





                    See accompanying notes to the unaudited consolidated financial statements

                                                       8
</TABLE>
<PAGE>
<TABLE>
<CAPTION>

                                                     COSO FINANCE PARTNERS
                                                         AND SUBSIDIARY
                                         UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                     (Dollars in thousands)

                                                         Three-Months          Three-Months         Nine-Months        Nine-Months
                                                            Ended                 Ended                Ended              Ended
                                                         September 30,         September 30,        September 30,      September 30,
                                                             2004                  2003                 2004               2003
<S>                                                      <C>                   <C>                  <C>                <C>
Revenue:
   Energy revenues................................        $  11,657             $  11,643            $  34,559          $  34,698
   Capacity revenues..............................            8,190                 8,190               12,982             13,011
                                                             ------                ------               ------             ------
          Total revenue...........................           19,847                19,833               47,541             47,709

Operating expenses:
   Plant operating expenses.......................            3,019                 2,291                8,528              6,875
   Royalty expense................................            5,547                 4,982               10,574             11,603
   Depreciation and amortization..................            2,859                 2,731                8,557              8,015
                                                             ------                ------               ------             ------
          Total operating expenses................           11,425                10,004               27,659             26,493

          Operating income........................            8,422                 9,829               19,882             21,216

Other (income)/expenses:
   Interest and other income......................             (768)                 (103)                (979)              (326)
   Interest expense...............................            2,122                 2,402                6,494              7,376
   Noncash interest expense.......................              135                   130                  405                390
                                                              -----                 -----                -----              -----
          Total other expenses....................            1,489                 2,429                5,920              7,440
                                                              -----                 -----                -----              -----
Income before cumulative effect of change
   in accounting principle........................            6,933                 7,400               13,962             13,776

Cumulative effect of change in
   accounting principle...........................                -                     -                    -              1,780
                                                              -----                 -----               ------             ------

          Net income..............................        $   6,933             $   7,400            $  13,962          $  11,996
                                                              =====                 =====               ======             ======






                            See accompanying notes to the unaudited consolidated financial statements

                                                              9
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                    COSO FINANCE PARTNERS
                                       AND SUBSIDIARY
                            UNAUDITED CONSOLIDATED AND CONDENSED
                                  STATEMENTS OF CASH FLOWS
                                   (Dollars in thousands)

                                                               Nine-Months            Nine-Months
                                                                  Ended                  Ended
                                                               September 30,          September 30,
                                                                   2004                   2003

 <S>                                                            <C>                    <C>
 Net cash provided by (used in) operating activities....        $  21,041              $  19,196
 Net cash provided by (used in) investing activities....           (4,662)                (6,072)
 Net cash provided by (used in) financing activities....           (7,912)                (5,552)
                                                                    -----                  -----

 Net change in cash and cash equivalents................        $   8,467              $   7,572
                                                                    =====                  =====
 Supplemental cash flow disclosure:
            Cash paid for interest......................        $   4,414              $   5,021
                                                                    =====                  =====






     See accompanying notes to the unaudited consolidated and condensed financial statements

                                            10
</TABLE>
<PAGE>
                              COSO FINANCE PARTNERS
                                 AND SUBSIDIARY
                   NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
                             (Dollars in thousands)


(1)      Organization and Operation

Coso Finance Partners (CFP), a general partnership,  is engaged in the operation
of an 80 MW power  generation  facility  located  at the  China  Lake  Naval Air
Weapons Station,  China Lake California.  CFP sells all electricity  produced to
Southern  California  Edison  (Edison) under a 24-year power  purchase  contract
expiring in 2011.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information.  Accordingly, certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America  have been  condensed  or omitted  pursuant  to such  rules.  Management
believes that the disclosures are adequate to make the information presented not
misleading when read in conjunction with the financial  statements and the notes
thereto in the audited  financial  statements  for the year ended  December  31,
2003.

The preparation of unaudited financial  statements in accordance with accounting
principles  generally  accepted in the United States of America  requires CFP to
make certain  estimates and assumptions for the reporting periods covered by the
financial  statements.  These  estimates  and  assumptions  affect the  reported
amounts of assets,  liabilities,  revenues  and  expenses  during the  reporting
period.  Actual  results  could  differ  from  these  estimates.  The  financial
information herein presented reflects all adjustments, consisting only of normal
recurring adjustments, which are, in the opinion of management,  necessary for a
fair statement of the results for interim periods presented. The results for the
interim periods are not necessarily indicative of results to be expected for the
full year. CFP has experienced  significant quarterly  fluctuations in operating
results and it expects that these fluctuations in energy revenues,  expenses and
net income will continue.

The data for the consolidated  balance sheets presented herein for September 30,
2004 and December 31, 2003 were derived from CFP's financial  statements for the
interim   period  and  fiscal  year  then  ended  and  includes  the  effect  of
consolidating  New  CLPSI  Company,  LLC  (CLPSI),  but  does  not  include  all
disclosures  required by accounting  principles generally accepted in the United
States of America.

(3)      New Accounting Pronouncements

The consolidated financial statements of CFP include the accounts of CPLSI, as a
result  of  the  adoption  of  Financial   Accounting   Standards  Board  (FASB)
Interpretation No. 46. (FIN 46)  (Consolidation of Variable Interest  Entities),
an  interpretation  of  Accounting  Research  Bulletin  No. 51. FIN 46  required
certain variable interest entities to be consolidated by the primary beneficiary
of the entity even though the equity  investors do not have the  characteristics
of a controlling  financial  interest,  or do not have sufficient equity at risk
for the  entity  to  finance  its  activities  without  additional  subordinated
financial  support from other parties.  In December 2003, the FASB issued FIN 46
(R),  which  clarified and replaced FIN 46 that  required all variable  interest
entities,  regardless of when they were created to be evaluated under FIN 46 (R)
no later  than the  period  ending  March 15,  2004.  An entity  is  subject  to
consolidation  according  to the  provisions  of FIN 46 (R) if, by  design,  the
following  conditions exist. As a group, the holders of the equity investment at

                                       11

risk  lack  any one of the  following  three  characteristics  of a  controlling
financial  interest:  (1) the direct or indirect ability to make decisions about
an  entity's  activities  through  voting  rights  or  similar  rights;  (2) the
obligation to absorb the expected losses of the entity if they occur; or (3) the
right to receive the expected  residual returns of the entity if they occur. CFP
believes  that  CLPSI,  the  entity  that  holds the  inventory  for Coso  Power
Developers,  Coso Energy  Developer  and CFP is a variable  interest  entity and
under FIN 46 (R) should be consolidated. The inventory, related physical assets,
and payables have been recorded as CFP's assets and  liabilities.  The impact to
CFP's   future   consolidated   statement  of   operations   will  be  increased
depreciation, partially offset by other income.

The  consolidated  financial  statements  related  to prior  periods  have  been
restated to consolidate the accounts of CLPSI as a direct result of the adoption
of FIN 46 (R). There was no cumulative  effect recorded upon the adoption of the
Interpretation.

(4)      Accounts Receivable and Revenue Recognition

Accounts receivable primarily consist of receivables from Edison for electricity
delivered  and sold under a power  purchase  contract.  Operating  revenues  are
recognized  as income  during the period in which  electricity  is  delivered to
Edison.

(5)      Reclassifications

Certain  balances  in prior  years  have been  reclassified  to  conform  to the
presentation adopted in the current year.

                                       12
<PAGE>
<TABLE>
<CAPTION>
                                             COSO ENERGY DEVELOPERS
                                            UNAUDITED BALANCE SHEETS
                                             (Dollars in thousands)

                                                                                September 30,          December 31,
                                                                                    2004                  2003
<S>                                                                              <C>                    <C>
                                Assets:
 Current Assets:
    Cash and cash equivalents.............................................       $   9,088              $     603
    Restricted cash and cash equivalents..................................           9,861                 10,013
    Accounts receivable, net..............................................          10,749                  6,830
    Prepaid expenses and other assets.....................................           1,564                  1,094
    Amounts due from related parties......................................             480                    442
                                                                                    ------                 ------
                                      Total current assets                          31,742                 18,982


 Restricted cash..........................................................             142                    142
 Investment in Coso Transmission Line Partners............................           2,459                  2,542
 Advances to New CLPSI Company, LLC.......................................             476                    548
 Property, plant and equipment, net.......................................         124,917                130,519
 Power purchase agreement, net............................................          15,489                 16,293
 Deferred financing costs, net............................................           1,339                  1,530
                                                                                   -------                -------

                                      Total assets                               $ 176,564              $ 170,556
                                                                                   =======                =======


                               Liabilities and Partners' Capital:

 Current Liabilities:
    Accounts payable and accrued liabilities..............................       $   1,413              $   2,114
    Amounts due to related parties........................................           3,394                  1,473
    Current portion of project loan.......................................           9,425                  9,920
                                                                                    ------                 ------
                                      Total current liabilities                     14,232                 13,507

 Other liabilities and related parties....................................          27,688                 27,331
 Project loan.............................................................          71,427                 74,901
                                                                                    ------                 ------
                                      Total liabilities                            113,347                115,739

 Partners' capital........................................................          63,217                 54,817
                                                                                   -------                -------

                                      Total liabilities & partners' capital      $ 176,564              $ 170,556
                                                                                   =======                =======





                          See accompanying notes to the unaudited financial statements

                                                     13
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     COSO ENERGY DEVELOPERS
                                               UNAUDITED STATEMENTS OF OPERATIONS
                                                     (Dollars in thousands)


                                                         Three-Months         Three-Months         Nine-Months         Nine-Months
                                                            Ended                Ended                Ended               Ended
                                                         September 30,        September 30,        September 30,       September 30,
                                                             2004                 2003                 2004                2003
<S>                                                       <C>                  <C>                  <C>                 <C>
Revenue:
   Energy revenues.................................       $   7,491            $   8,246            $  22,913           $  24,479
   Capacity revenues...............................           7,976                7,976               12,687              12,687
                                                             ------               ------               ------              ------
          Total revenue............................          15,467               16,222               35,600              37,166

Operating expenses:
   Plant operating expenses........................           2,746                3,467               10,906               9,323
   Royalty expense.................................           1,318                1,339                1,971               2,028
   Depreciation and amortization...................           2,237                2,343                6,952               6,971
                                                              -----                -----               ------              ------
          Total operating expenses.................           6,301                7,149               19,829              18,322

          Operating income.........................           9,166                9,073               15,771              18,844

Other (income)/expenses:
   Interest and other income.......................          (1,140)                (282)              (1,681)               (887)
   Interest expense................................           1,839                1,998                5,640               6,032
   Noncash interest expense........................              95                   92                  284                 275
                                                              -----                -----                -----               -----
          Total other expenses.....................             794                1,808                4,243               5,420
                                                              -----                -----                -----               -----
Income before cumulative effect of change
   in accounting principle.........................           8,372                7,265               11,528              13,424

Cumulative effect of change in
   accounting principle............................               -                    -                    -                 924
                                                              -----                -----               ------              ------

          Net income...............................       $   8,372            $   7,265            $  11,528           $  12,500
                                                              =====                =====               ======              ======






                                  See accompanying notes to the unaudited financial statements

                                                            14
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                        COSO ENERGY DEVELOPERS
                             UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
                                        (Dollars in thousands)


                                                                  Nine-Months            Nine-Months
                                                                     Ended                  Ended
                                                                  September 30,          September 30,
                                                                      2004                   2003

<S>                                                                <C>                    <C>
 Net cash provided by (used in) operating activities.....          $   15,893             $  19,381
 Net cash provided by (used in) investing activities.....                (311)               (3,131)
 Net cash provided by (used in) financing activities.....              (7,097)               (2,022)
                                                                        -----                 -----

 Net change in cash and cash equivalents.................          $    8,485             $  14,228
                                                                        =====                ======
 Supplemental cash flow disclosure:
          Cash paid for interest.........................          $    3,838             $   4,067
                                                                        =====                 =====






                See accompanying notes to the unaudited condensed financial statements

                                                15
</TABLE>
<PAGE>
                             COSO ENERGY DEVELOPERS
                   NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
                             (Dollars in thousands)


(1)      Organization and Operation

Coso Energy Developers (CED), a general partnership, is engaged in the operation
of an 80 MW power  generation  facility  located at the Coso Hot Springs,  China
Lake  California.  CED sells all  electricity  produced to  Southern  California
Edison (Edison) under a 30-year power purchase contract expiring in 2019.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information.  Accordingly, certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America  have been  condensed  or omitted  pursuant  to such  rules.  Management
believes that the disclosures are adequate to make the information presented not
misleading when read in conjunction with the financial  statements and the notes
thereto in the audited  financial  statements  for the year ended  December  31,
2003.

The preparation of unaudited financial  statements in accordance with accounting
principles  generally  accepted in the United States of America  requires CED to
make certain  estimates and assumptions for the reporting periods covered by the
financial  statements.  These  estimates  and  assumptions  affect the  reported
amounts of assets,  liabilities,  revenues  and  expenses  during the  reporting
period.  Actual  results  could  differ  from  these  estimates.  The  financial
information herein presented reflects all adjustments, consisting only of normal
recurring adjustments, which are, in the opinion of management,  necessary for a
fair statement of the results for interim periods presented. The results for the
interim periods are not necessarily indicative of results to be expected for the
full year. CED has experienced  significant quarterly  fluctuations in operating
results and it expects that these fluctuations in energy revenues,  expenses and
net income will continue.

(3)      Accounts Receivable and Revenue Recognition

Accounts receivable primarily consist of receivables from Edison for electricity
delivered  and sold under a power  purchase  contract.  Operating  revenues  are
recognized  as income  during the period in which  electricity  is  delivered to
Edison.

(4)      Reclassifications

Certain  balances  in prior  years  have been  reclassified  to  conform  to the
presentation adopted in the current year.

                                       16
<PAGE>
<TABLE>
<CAPTION>
                                               COSO POWER DEVELOPERS
                                                  AND SUBSIDIARY
                                       UNAUDITED CONSOLIDATED BALANCE SHEETS
                                              (Dollars in thousands)

                                                                                  September 30,          December 31,
                                                                                      2004                  2003
<S>                                                                                <C>                     <C>
                       Assets:
 Current Assets:
    Cash and cash equivalents.............................................         $    9,674            $       78
    Restricted cash and cash equivalents..................................              9,727                 8,146
    Accounts receivable, net..............................................             12,300                 7,985
    Prepaid expenses and other assets.....................................                992                   830
    Amounts due from related parties......................................              6,605                 6,412
                                                                                       ------                ------
                                        Total current assets                           39,298                23,451


    Restricted cash.......................................................                135                   135
    Advances to New CLPSI Company, LLC....................................              1,920                 1,914
    Property, plant and equipment, net....................................            115,092               120,509
    Power purchase agreement, net.........................................             15,136                17,232
    Deferred financing costs, net.........................................              1,139                 1,302
                                                                                      -------               -------

                                        Total assets                               $  172,720            $  164,543
                                                                                      =======               =======


                       Liabilities and Partners' Capital:

 Current Liabilities:
    Accounts payable and accrued liabilities..............................         $    2,636            $    1,891
    Amounts due to related parties........................................              2,538                 1,191
    Current portion of project loan.......................................             11,110                10,718
                                                                                       ------                ------
                                        Total current liabilities                      16,284                13,800


 Other liabilities........................................................              2,520                 2,589
 Project loan.............................................................             55,848                60,528
                                                                                       ------                ------
                                        Total liabilities                              74,652                76,917

 Minority interest........................................................              2,458                 2,542
 Partners' capital........................................................             95,610                85,084
                                                                                      -------               -------

                                        Total liabilities & partners' capital      $  172,720            $  164,543
                                                                                      =======               =======






                      See accompanying notes to the unaudited consolidated financial statements

                                                      17
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                     COSO POWER DEVELOPERS
                                                         AND SUBSIDARY
                                         UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                    (Dollars in thousands)


                                                        Three-Months          Three-Months        Nine-Months          Nine-Months
                                                           Ended                 Ended               Ended                Ended
                                                        September 30,         September 30,       September 30,        September 30,
                                                            2004                  2003                2004                 2003
<S>                                                      <C>                   <C>                 <C>                  <C>
Revenue:
   Energy revenues................................       $   9,046             $   8,465           $  25,407            $  23,064
   Capacity revenues..............................           8,048                 8,048              12,786               12,786
                                                            ------                ------              ------               ------
          Total revenue...........................          17,094                16,513              38,193               35,850

Operating expenses:
   Plant operating expenses.......................           2,014                 2,451               7,145                7,336
   Royalty expense................................           3,002                 2,655               6,608                5,830
   Depreciation and amortization..................           2,562                 2,534               7,680                7,809
                                                             -----                 -----              ------               ------
          Total operating expenses................           7,578                 7,640              21,433               20,975

          Operating income........................           9,516                 8,873              16,760               14,875

Other (income)/expenses:
   Interest and other income......................            (813)                 (155)             (1,081)                (446)
   Interest expense...............................           1,523                 1,746               4,712                5,351
   Noncash interest expense.......................             113                   108                 339                  323
                                                             -----                 -----               -----                -----
          Total other expenses....................             823                 1,699               3,970                5,228
                                                             -----                 -----               -----                -----

Income before cumulative effect of change
   in accounting principle........................           8,693                 7,174              12,790                9,647

Cumulative effect of change in
   accounting principle...........................               -                     -                   -                1,777
                                                             -----                 -----              ------                -----

          Net income..............................       $   8,693             $   7,174           $  12,790            $   7,870
                                                             =====                 =====              ======                =====






                            See accompanying notes to the unaudited consolidated financial statements

                                                           18
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                         COSO POWER DEVELOPERS
                                            AND SUBSIDIARY
                                 UNAUDITED CONSOLIDATED AND CONDENSED
                                       STATEMENTS OF CASH FLOWS
                                        (Dollars in thousands)


                                                                     Nine-Months            Nine-Months
                                                                        Ended                  Ended
                                                                     September 30,          September 30,
                                                                         2004                   2003
<S>                                                                  <C>                    <C>
 Net cash provided by (used in) operating activities......            $  17,981              $  15,647
 Net cash provided by (used in) investing activities......               (1,748)                (3,171)
 Net cash provided by (used in) financing activities......               (6,637)                (3,763)
                                                                          -----                  -----

 Net change in cash and cash equivalents..................                9,596                  8,713
                                                                          =====                  =====
 Supplemental cash flows disclosure:
                 Cash paid for interest...................            $   3,224              $   3,638
                                                                          =====                  =====






        See accompanying notes to the unaudited consolidated and condensed financial statements

                                                19
</TABLE>
<PAGE>
                              COSO POWER DEVELOPERS
                                 AND SUBSIDIARY
                   NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
                             (Dollars in thousands)


(1)      Organization and Operation

Coso Power Developers (CPD), a general partnership,  is engaged in the operation
of an 80 MW power  generation  facility  located at the Coso Hot Springs,  China
Lake  California.  CPD sells all  electricity  produced to  Southern  California
Edison (Edison) under a 20-year power purchase contract expiring in 2010.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information.  Accordingly, certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America  have been  condensed  or omitted  pursuant  to such  rules.  Management
believes that the disclosures are adequate to make the information presented not
misleading when read in conjunction with the financial  statements and the notes
thereto in the audited  financial  statements  for the year ended  December  31,
2003.

The preparation of unaudited financial  statements in accordance with accounting
principles  generally  accepted in the United States of America  requires CPD to
make certain  estimates and assumptions for the reporting periods covered by the
financial  statements.  These  estimates  and  assumptions  affect the  reported
amounts of assets,  liabilities,  revenues  and  expenses  during the  reporting
period.  Actual  results  could  differ  from  these  estimates.  The  financial
information herein presented reflects all adjustments, consisting only of normal
recurring adjustments, which are, in the opinion of management,  necessary for a
fair statement of the results for interim periods presented. The results for the
interim periods are not necessarily indicative of results to be expected for the
full year. CPD has experienced  significant quarterly  fluctuations in operating
results and it expects that these fluctuations in energy revenues,  expenses and
net income will continue.

The data for the consolidated  balance sheets presented herein for September 30,
2004 and December 31, 2003 were derived from CPD's financial  statements for the
interim   period  and  fiscal  year  then  ended  and  includes  the  effect  of
consolidating  Coso Transmission Line Partners (CTLP),  but does not include all
disclosures  required by accounting  principles generally accepted in the United
States of America.

(3)      New Accounting Pronouncements

The consolidated  financial statements of CPD include the accounts of CTLP, as a
result  of  the  adoption  of  Financial   Accounting   Standards  Board  (FASB)
Interpretation No. 46. (FIN 46)  (Consolidation of Variable Interest  Entities),
an  interpretation  of  Accounting  Research  Bulletin  No. 51. FIN 46  required
certain variable interest entities to be consolidated by the primary beneficiary
of the entity even though the equity  investors do not have the  characteristics
of a controlling  financial  interest,  or do not have sufficient equity at risk
for the  entity  to  finance  its  activities  without  additional  subordinated
financial  support from other parties.  In December 2003, the FASB issued FIN 46
(R),  which  clarified and replaced FIN 46 that  required all variable  interest
entities,  regardless of when they were created to be evaluated under FIN 46 (R)
no later  than the  period  ending  March 15,  2004.  An entity  is  subject  to

                                       20

consolidation  according  to the  provisions  of FIN 46 (R) if, by  design,  the
following  conditions exist. As a group, the holders of the equity investment at
risk  lack  any one of the  following  three  characteristics  of a  controlling
financial  interest:  (1) the direct or indirect ability to make decisions about
an  entity's  activities  through  voting  rights  or  similar  rights;  (2) the
obligation to absorb the expected losses of the entity if they occur; or (3) the
right to receive the expected  residual returns of the entity if they occur. CPD
believes that CTLP, the entity that holds additional  transmission equipment for
Coso Energy  Developers and CPD is a variable  interest  entity and under FIN 46
(R)  should be  consolidated.  The  additional  transmission  equipment  will be
recorded as CPD's  assets.  The impact to CPD's future  statement of  operations
will be increased depreciation, partially offset by other income.

The  consolidated  financial  statements  related  to prior  periods  have  been
restated to consolidate  the accounts of CTLP as a direct result of the adoption
of FIN 46 (R). There was no cumulative  effect recorded upon the adoption of the
Interpretation.

(4)      Accounts Receivable and Revenue Recognition

Accounts receivable primarily consist of receivables from Edison for electricity
delivered  and sold under a power  purchase  contract.  Operating  revenues  are
recognized  as income  during the period in which  electricity  is  delivered to
Edison.

(5)      Reclassifications

Certain  balances  in prior  years  have been  reclassified  to  conform  to the
presentation adopted in the current year.


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

     Except for financial information contained herein, the matters discussed in
this quarterly report may be considered  forward-looking  statements  within the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities Exchange Act of 1934, as amended,  and subject to the safe
harbor created by the Securities  Litigation Reform Act of 1995. Such statements
include  declarations  regarding the intent,  belief or current  expectations of
Caithness  Coso  Funding  Corp.  (Funding  Corp.),  Coso  Finance  Partners  and
Subsidiary   (the  Navy  I  Partnership),   Coso  Energy   Developers  (the  BLM
Partnership),   and  Coso  Power   Developers  and   Subsidiary   (the  Navy  II
Partnership),   collectively,  (the  Coso  Partnerships)  and  their  respective
management.  Such  statements  may be  identified  by  terms  such as  expected,
anticipated,  may, will, believe or other terms or variations of such words. Any
such  forward-looking  statements are not guarantees of future  performance  and
involve  a number  of risks  and  uncertainties;  actual  results  could  differ
materially from those indicated by such  forward-looking  statements.  Among the
important factors that could cause future operating results to differ materially
from those  anticipated  include,  but are not limited to: (i) risks relating to
the uncertainties in the California energy market,  (ii) the financial viability
of Southern California Edison, (Edison), (iii) risks related to the operation of
power plants  including  terrorism (iv) the impact of avoided cost pricing along
with other pricing variables, (v) general operating risks, including variability
of resource and  regulatory  oversight,  (vi) changes in government  regulation,
(vii) the  effects of  competition  and (viii) the alleged  manipulation  of the
California energy market.

                                       21

General

     Each  Coso  Partnership  owns  an  80MW  geothermal  power  plant,  and its
respective  transmission  lines,  wells,  gathering  systems  and other  related
facilities.  The Coso  Partnerships  are located  near one another at the United
States  Naval  Air  Weapons  Center  at  China  Lake,  California.  The  Navy  I
Partnership owns Navy I and its related facilities. The BLM Partnership owns BLM
and its related facilities. The Navy II Partnership owns Navy II and its related
facilities.

     Each Coso partnership  sells 100% of the electrical energy generated at its
plant to Edison under a long-term Standard Offer No.4 power purchase  agreement.
Each power purchase agreement expires after the final maturity date of the 9.05%
Series B Senior Secured Notes (Notes) issued by Funding Corp.

     Each Coso partnership is entitled to the following payments under its power
purchase agreement:

     *    Capacity  payments  for being able to produce  electricity  at certain
          levels.  Capacity payments are fixed throughout the life of each power
          purchase agreement;

     *    Capacity  bonus  payments if the Coso  partnership  is able to produce
          electricity above a specified level. The maximum annual capacity bonus
          payment  available  is also  fixed  throughout  the life of each power
          purchase agreement; and

     *    Energy  payments which are based on the amount of electricity the Coso
          Partnership's plant actually produces.

     Energy  payments were fixed for the first ten years of firm operation under
each power purchase  agreement.  After the first ten years of firm operation and
until  January 1, 2002,  Edison  made energy  payments to the Coso  Partnerships
based on its avoided cost of energy. Edison's avoided cost of energy is Edison's
cost to generate  electricity if Edison were to produce it itself or buy it from
another power producer rather than buy it from the Coso Partnerships.  The fixed
energy price period expired in August 1997 for the Navy I Partnership,  in March
1999 for the BLM Partnership and in January 2000 for the Navy II Partnership.

     Edison entered into an agreement  (Agreement) with the Coso Partnerships on
June 19, 2001 that  addressed  renewable  energy  pricing and issues  concerning
California's  energy crisis.  The  Agreement,  which was amended on November 30,
2001,  established May 1, 2002 as the date the Coso Partnerships began receiving
a fixed energy rate of 5.37 cents per kWh for five (5) years in lieu of the rate
calculated based on the avoided cost of energy. This Agreement was challenged in
the federal courts.  The California State Supreme Court found that no state laws
were  violated,  and the United  States  Court of Appeals for the Ninth  Circuit
(Ninth  Circuit)  affirmed  this  judgment.  As a result of the Ninth  Circuit's
decision, the Agreements remain in full force and effect. No appeal was filed in
this matter.

     After the five year period  expires in April 2007,  Edison will be required
to make energy  payments to the Coso  Partnerships  based on its avoided cost of
energy until each  partnership's  power purchase  agreement  expires.  The power
purchase  agreement for the Navy I Partnership  will expire in August 2011,  the
power purchase  agreement for the BLM Partnership will expire in March 2019, and
the power purchase  agreement for the Navy II Partnership will expire in January
2010. The California Public Utilities  Commission (CPUC) has initiated a hearing
to re-evaluate  the methodology of calculating the avoided cost of energy in the
future.  It is not possible to predict with  accuracy the likely level of future
avoided cost of energy prices.

                                       22

     Edison  filed a  petition  for a writ of  review  of a  January  2001  CPUC
decision,  claiming  that the  "floor"  line loss  factor of 0.95 for  renewable
generators  violated the Public Utility Regulatory Policies Act of 1978 (PURPA).
Subsequently,  the  California  Court of Appeals issued a decision on August 20,
2002 in response to the writs  affirming the January 2001 CPUC decision,  except
for the 0.95  "floor",  which it rejected as an abuse of discretion by the CPUC.
While this matter was appealed to the California Supreme Court, the petition for
review was denied.  The Coso  Partnerships  are currently  evaluating  potential
actions to redress this issue.  Their Agreements set the line loss factor at 1.0
for all energy sold between May 2002 through April 2007.  After April 2007,  the
Coso  Partnerships  will have a line loss  factor of less than 1.0,  effectively
decreasing  revenues if Edison's  challenge to the CPUC ruling stands.  The Coso
Partnerships  cannot predict whether any subsequent action regarding this matter
will be successful.

     In 1994, the Coso Partnerships  implemented a steam-sharing  program, under
the Coso Geothermal Exchange Agreement. The purpose of the steam-sharing program
is to enhance the management of the Coso geothermal resource and to optimize the
resource's overall benefits to the Coso Partnerships by transferring steam among
the  Coso  Partnerships.  Under  the  steam  sharing  program,  the  partnership
receiving the steam transfer  splits revenue earned from  electricity  generated
with the partnership that transferred the steam.

     The Coso  Partnerships  are required to make  royalty  payments to the U.S.
Navy and the Bureau of Land Management.  On November 1, 2004 the Navy I and Navy
II Partnerships  entered into a new agreement  ("New  Contract") with the United
States  Navy  terminating  the  existing  contract  that  were due to  expire on
December 31, 2009. The New Contract  extends the Navy I and Navy II Partnerships
exclusive right to explore, develop and use certain geothermal resources on U.S.
Navy lands through  October 31, 2034.  The New Contract and  termination  of the
existing contracts were disclosed in the Form 8-K filed on November 2, 2004.

     Under the terms of the New Contract,  the royalty paid to the U.S. Navy was
restructured so that the Navy I and Navy II Partnerships pay at a rate of 15% of
gross revenues  received up to an annual base revenue amount.  Beyond the annual
base revenue amount,  the U.S. Navy and the Navy I and Navy II Partnerships will
split the additional revenues,  on a 50/50 basis, until the U.S. Navy receives a
maximum of 20% of all gross revenue.

     Under the  terminated  contract with the U. S. Navy, the Navy I Partnership
was obligated to pay royalties for Units 2 and 3 at 20% of gross revenue through
2009 and the Navy II Partnership  was obligated to pay royalties at 18% of gross
revenue  through 2004,  then due to increase to 20% through 2009.  Additionally,
the Navy I  Partnership  was obligated to pay a royalty for Unit I consisting of
the  payment  of the U.S.  Navy's  electric  bill  for the  China  Lake  Weapons
Facility,   subject  to  an  indexed  reimbursement  from  the  U.S.  Navy.  The
reimbursement was based on a pricing formula for tariff rates charged by Edison,
which were  increased in 2001 by the CPUC. On July 10, 2003,  the CPUC adopted a
settlement  between  Edison and other  parties to lower  retail  electric  rates
effective as of August 1, 2003.  Those rates were in effect for one year,  after
which new rates would have been  established in accordance  with CPUC guidelines
and while  Edison has filed for new  rates,  they are not  currently  effective.
Additionally,  under  the  terms  of the  terminated  agreement,  the  Navy  was
compensated  annually  for any  savings  in  electrical  usage at the China Lake
Facility below a baseline amount  ("Conserved  Power").  Upon termination of the
Navy Contract,  the Navy was paid $1.2 million for Conserved  Power from January
1, 2004 through October 31, 2004.The terminated contract also obligated the Navy
I Partnership to fund an escrow account so that the Navy I Partnership would pay
the U.S.  Navy $25  million  on  December  31,  2009.  That  provision  was also
terminated and a new escrow arrangement was entered into and the amount the Navy
I Partnership owes the U.S. Navy is now $18 million.  That payment is secured by
the existing  funds on deposit so that funds plus accrued  interest are expected
to  aggregate  $18.0  million by December 31,  2009.  Accordingly,  $111,000 was
deposited monthly through October 31, 2004. Finally, in the terminated contracts
the U.S.  Navy had the right to  terminate  the  contracts at any time for their
convenience. Under the New Contract that right was eliminated.

                                       23

     The BLM  Partnerships  geothermal  lease  initially had a term of ten years
ending in 1998 with  automatic  extensions  until  October 31, 2035,  so long as
geothermal  steam is  commercially  produced.  The royalty paid to the Bureau of
Land Management is 10% of the net value of steam produced based on a calculation
known as the netback which is estimated and paid monthly with an annual  true-up
after year-end.

     The Coso Partnerships  also pay other royalties,  at various rates which in
the aggregate are not material.

     Funding  Corp.  is  a  special  purpose  corporation  and  a  wholly  owned
subsidiary  of the Coso  Partnerships.  It was formed for the purpose of issuing
the senior  secured  notes (Notes) on behalf of the Coso  Partnerships  who have
jointly, severally, and unconditionally guaranteed repayment of the Notes.

     On May 28, 1999,  Funding Corp.  issued $110.0  million of 6.80% Notes that
were due in 2001,  and were paid off on December 15, 2001, and $303.0 million of
9.05%  Notes due in 2009.  The  proceeds  from the Notes were loaned to the Coso
Partnerships  and are payable to Funding  Corp from  payments of  principal  and
interest on the Notes. Funding Corp. does not conduct any other operations apart
from serving as the issuer of the Notes.

     Under the  depository  agreement  with the trustee for the Notes,  the Coso
Partnerships  established  accounts with a depository and pledged those accounts
as security for the benefit of the holders of the Notes.  All amounts  deposited
with the depository are, at the direction of the Coso Partnerships,  invested by
the depository in permitted investments. All revenues or other proceeds actually
received  by the Coso  Partnerships  are  deposited  in a  revenue  account  and
withdrawn upon receipt by the depository of a certificate from the relevant Coso
Partnerships  detailing  the  amounts  to be paid from  funds in its  respective
revenue account.


Capacity Utilization

     For purposes of consistency in financial  presentation,  the plant capacity
factor for each of the Coso  Partnerships is based on a nominal  capacity amount
of 80MW (240MW in the aggregate).  The Coso  Partnerships have a gross operating
capacity  that  allows  for the  production  of  electricity  in excess of their
nominal capacity  amounts.  Utilization of this operating margin is based upon a
number of factors and can be expected to vary  throughout  the year under normal
operating conditions.

     The following  data includes the operating  capacity  factor,  capacity and
electricity  production  (in kWh) for each  Coso  Partnership  on a  stand-alone
basis:
<TABLE>
<CAPTION>
                                                   Three-Months Ended                        Nine-Months Ended
                                                      September 30                             September 30

                                               2004                 2003                 2004                 2003
                                               ----                 ----                 ----                 ----
<S>                                            <C>                  <C>                  <C>                  <C>
Navy I Partnership (stand alone)
  Operating capacity factor                   104.8%               102.6%               100.7%               102.4%
  Capacity (MW) (average)                      83.80                82.05                80.52                81.93
  kWh produced (000s)                         185,032              181,165              529,503              536,809

                                                          24

BLM Partnership (stand alone)
  Operating capacity factor                    84.0%                88.2%                86.0%                88.5%
  Capacity (MW) (average)                      67.19                70.59                68.81                70.76
  kWh produced (000s)                         148,352              155,865              452,511              463,627

Navy II Partnership (stand alone)
  Operating capacity factor                   107.7%               106.9%               106.3%               100.6%
  Capacity (MW) (average)                      86.19                85.53                85.07                80.47
  kWh produced (000s)                         190,307              188,849              559,436              527,250
</TABLE>

     Total  energy  production  for the Navy II  Partnership  increased  for the
nine-month  period ended  September 30, 2004, as compared to the same periods in
2003,  due  to  the  successful  effort  to  increase  production  through  well
maintenance  and capital  improvements,  including the  enhancement  of existing
production  wells,  plant efficiency  improvements,  and additional  steam-field
piping  modifications.  In an effort to increase  production  overall,  the Coso
Partnerships  are  working  to  enhance  the  reservoir   through  an  injection
augmentation program,  which is currently in the engineering design phase, aimed
at improving  reservoir  pressure and  minimizing  resource  decline.  The funds
necessary  to  implement  the capital  improvement  program are  available  from
reserves  established  under the Notes and from excess cash flow generated after
debt service.


Results of Operations for the Three and Nine-months ended September 30, 2004 and
2003

     The following  discusses the results of operations of the Coso Partnerships
for the three and nine-month  periods ended  September 30, 2004 and 2003 (dollar
amounts in tables are in thousands, except per kWh data):

Revenue
<TABLE>
<CAPTION>
                                    Three-Months             Three-Months             Nine-Months              Nine-Months
                                        Ended                    Ended                    Ended                    Ended
                                 September 30, 2004       September 30, 2003       September 30, 2004       September 30, 2003
<S>                               <C>     <C>              <C>     <C>              <C>     <C>              <C>     <C>
                                   $       Cents/kWh        $       Cents/kWh        $       Cents/kWh        $       Cents/kWh
                                   -       ---------        -       ---------        -       ---------        -       ---------
Total Operating Revenues
including steam transfers
  Navy I Partnership             19,847       10.7        19,833       10.9        47,541       9.0         47,709       8.9
  BLM Partnership                15,467       10.4        16,222       10.4        35,600       7.9         37,166       8.0
  Navy II Partnership            17,094        9.0        16,513        8.7        38,193       6.8         35,850       6.8
</TABLE>

     The Coso Partnerships sell all electricity  generated to Edison under their
respective  power  purchase  agreement.  Total  operating  revenues  consist  of
capacity payments, capacity bonus payments, and energy payments, including steam
transfers discussed above.

     Total  operating  revenues for the Navy II  Partnership  increased  for the
nine-month  period ended  September 30, 2004, as compared to the same periods in
2003, primarily due to the increase in production discussed above.

                                       25

Plant Operating Expense
<TABLE>
<CAPTION>
                                    Three-Months             Three-Months             Nine-Months              Nine-Months
                                        Ended                    Ended                    Ended                    Ended
                                 September 30, 2004       September 30, 2003       September 30, 2004       September 30, 2003
  <S>                             <C>     <C>              <C>     <C>              <C>     <C>              <C>     <C>
                                   $       Cents/kWh        $       Cents/kWh        $       Cents/kWh        $       Cents/kWh
                                   -       ---------        -       ---------        -       ---------        -       ---------

  Navy I Partnership              3,019       1.6         2,291        1.3          8,528       1.6          6,875       1.3
  BLM Partnership                 2,746       1.9         3,467        2.2         10,906       2.4          9,323       2.0
  Navy II Partnership             2,014       1.1         2,451        1.3          7,145       1.3          7,336       1.4
</TABLE>

     Plant operating  expense consists of labor and related  expenses,  supplies
and maintenance,  property taxes,  insurance,  well workovers and administrative
expense. The increases in plant operating expense for the Navy I Partnership for
the three and nine-months  ended September 30, 2004, and for the BLM Partnership
for the nine-months ended September 30, 2004, as compared to the same periods in
2003,  were  primarily  due to  increased  well  workovers  in 2004 to assist in
remediating  declines in steam  production.  The  decreases  in plant  operating
expenses  for the  BLM  and  Navy II  Partnerships  for the  three-months  ended
September 30, 2004, as compared to the same period in 2003,  were  primarily due
to decreases in property taxes and well workover  activities  during that period
in 2004. The decrease in property  taxes affected each of the Coso  Partnerships
during the three and  nine-months  ended  September 30, 2004, as compared to the
same periods in 2003.

Royalty Expense
<TABLE>
<CAPTION>
                                    Three-Months             Three-Months             Nine-Months              Nine-Months
                                        Ended                    Ended                    Ended                    Ended
                                 September 30, 2004       September 30, 2003       September 30, 2004       September 30, 2003
  <S>                             <C>     <C>              <C>     <C>              <C>     <C>              <C>     <C>
                                   $       Cents/kWh        $       Cents/kWh        $       Cents/kWh        $       Cents/kWh
                                   -       ---------        -       ---------        -       ---------        -       ---------

  Navy I Partnership              5,547       3.0          4,982       2.7         10,574       2.0         11,603       2.2
  BLM Partnership                 1,318       0.9          1,339       0.9          1,971       0.4          2,028       0.4
  Navy II Partnership             3,002       1.6          2,655       1.4          6,608       1.2          5,830       1.1
</TABLE>

     Royalty expense for the Navy I Partnership  increased for the  three-months
ended September 30, 2004, as compared to the same period in 2003,  primarily due
to increased  royalties from Units 2 and 3 resulting from the scheduled increase
in royalty rate  discussed  above.  The increase in royalties from Units 2 and 3
was  partially  offset by a decrease in Unit 1 royalty,  resulting  from reduced
tariff rates charged by Edison.  The decrease in the Unit 1 royalty  resulted in
the decrease for the nine-month  period ended September 30, 2004, as compared to
the same period in 2003.  Royalty expense for the Navy II Partnership  increased
for the three and nine-months  ended September 30, 2004, as compared to the same
periods in 2003, due to the increase in production discussed above.


Depreciation and Amortization

     Depreciation  and  amortization  expense for the Coso  Partnerships for the
three and nine-months  ended September 30, 2004, as compared to the same periods
in 2003,  remains  comparable  as older  wells and plant  overhauls  being fully
depreciated during 2003 were replaced with new capital additions in 2004.

                                       26

Interest and Other Income

     Interest and other income for the Coso Partnerships increased for the three
and  nine-months  ended  September  30, 2004, as compared to the same periods in
2003, due to the receipt of a refund of prior years' property taxes in 2004.


Interest Expense

     Interest  expense  for the Coso  Partnerships  decreased  for the three and
nine-months  ended  September 30, 2004, as compared to the same periods in 2003,
due to the  reduction in the  principal  amount of the project loan from Funding
Corp.


Liquidity and Capital Resources

     Each of the  Navy I  Partnership,  the  BLM  Partnership  and  the  Navy II
Partnership derive  substantially all of their cash flow from Edison under their
power purchase  agreements and from interest  income earned on funds on deposit.
The Coso  Partnerships  have used their cash primarily for capital  expenditures
for power plant  improvements,  resource and operating  costs,  distributions to
partners and payments with respect to the project loan.

     The Coso  Partnerships  cash flow  obligations  over the next several years
consist of debt service  payments to Funding  Corp.,  as they come due under the
Notes. The Coso  Partnerships  expect to be able to meet these  obligations from
operating cash flow. Historically, any excess cash after debt service has either
been reserved for capital improvements or distributed to the partners.

     The Coso  Partnerships  ability to meet their  obligations as they come due
will depend upon the ability of Edison to meet its  obligations  under the terms
of the standard offer No. 4 power purchase agreements and the Coso Partnerships'
ability to continue to generate electricity.  Edison's shortfall in collections,
coupled  with its near  term  capital  requirements,  materially  and  adversely
affected its liquidity during 2000 and 2001. In resolution of that issue, Edison
settled  with the CPUC on  October  2,  2001,  enabling  it to recover in retail
electric rates its historical shortfall in electric purchase costs. On September
23, 2002,  the United  States Court of Appeals for the Ninth  Circuit  issued an
opinion and order on appeal from the district court's stipulated  judgment which
affirmed  the  stipulated  judgment  in part  and  referred  questions  based on
California  state law to the Supreme  Court of  California.  The  appeals  court
stated  that if the  Agreement  violated  California  state law then the appeals
court would be  required to void the  stipulated  judgment.  California  Supreme
Court accepted the Ninth Circuit Court of Appeals  request to address the issues
referred to it in the September 23, 2002 ruling, and subsequently found that the
stipulated  judgment did not violate  state laws.  Consequently,  the  Agreement
remains in full force and effect and it is unknown if any additional appeals are
planned.  Immediately  after  this  settlement,  Edison  and  each  of the  Coso
Partnerships entered into an amendment of their respective Agreement (referenced
above)  pertaining  to past due  obligations.  The  Agreement,  as amended,  was
approved by CPUC in January of 2002,  and  established  the fixed  energy  rates
discussed  above and set payment terms for the past due amounts owed to the Coso
Partnerships by Edison.  Edison's failure to pay its future obligations may have
a material adverse effect on the Coso Partnerships  ability to make debt service
payments to Funding Corp., as they come due under the Notes.

     Net cash from operating activities for the Navy I Partnership increased for
the  nine-months  ended  September  30, 2004,  as compared to the same period in
2003,  primarily due to increased net income and trade payables during 2004. Net
cash  from  operating  activities  for the  BLM  Partnership  decreased  for the

                                       27

nine-months  ended  September  30, 2004, as compared to the same period in 2003,
primarily due to decreased net income and trade  payables  during 2004. Net cash
from  operating  activities  for  the  Navy  II  Partnership  increased  for the
nine-months  ended  September  30, 2004, as compared to the same period in 2003,
primarily due to increased  net income  during 2004.  Net cash used in investing
activities  for  the  Coso  Partnerships  decreased  for the  nine-months  ended
September  30,  2004,  as compared  to the same  period in 2003,  due to reduced
capital  expenditures  partially offset by higher  restricted cash  requirements
associated with the Notes for the Navy I and Navy II  Partnerships  during 2004.
Net cash used in financing  activities for the Coso  Partnerships  increased for
the  nine-months  ended  September  30, 2004,  as compared to the same period in
2003, primarily due to increased distributions to partners.

Item 3.  Control and Procedures

     The Registrant's  Chief Executive  Officer and Chief Financial Officer (the
Registrant's  principal  executive  officer  and  principal  financial  officer,
respectively)  have  concluded,  based on their  evaluation  as of September 30,
2004, that the design and operation of the Registrant's "disclosure controls and
procedures" (as defined in Rules 13a-15(e) under the Securities  Exchange Act of
1934,  as amended  (Exchange  Act)) are  effective  to ensure  that  information
required to be disclosed by the  Registrant in the reports filed or submitted by
the  Registrant  under the Exchange  Act is  accumulated,  recorded,  processed,
summarized  and  reported  to  the   Registrant's   management,   including  the
Registrant's  principal  executive officer and principal  financial officer,  as
appropriate  to allow timely  decisions  regarding  whether or not disclosure is
required.

     During the quarter ended  September 30, 2004,  there were no changes in the
Registrant's  "internal  controls over financial  reporting" (as defined in Rule
13a-15(f)  under  the  Exchange  Act)  that  have  materially  affected,  or are
reasonably likely to materially affect, the Registrant's  internal controls over
financial reporting.


PART II.  OTHER INFORMATION


ITEM 1.           Legal Proceedings

General

     The Coso  Partnerships are currently parties to various items of litigation
relating to day-to-day operations, none of which, if determined adversely, would
be material to the  financial  condition  and results of  operations of the Coso
Partnerships, either individually or taken as a whole.

ITEM 2.  Change in Securities and Use of Proceeds

                  None.

ITEM 3.  Defaults Upon Senior Securities

                  None.

ITEM 4.  Submission of Matters to a Vote of Security Holders

                  None.

                                       28

ITEM 5.  Other Information

                  Supplemental Consolidated and Combined Financial Information
                  for the Coso Partnerships and Subsidiaries

     The following  information  presents  unaudited  consolidated  and combined
financial statements of the Coso Partnerships and Subsidiaries.  These financial
statements  represent a consolidated and combination of the financial statements
of Caithness Coso Funding Corp., Coso Finance Partners,  Coso Energy Developers,
Coso  Power  Developers,  New  CLPSI  Company,  LLC and Coso  Transmission  Line
Partners for the periods indicated.  This supplemental  financial information is
not required by accounting principles generally accepted in the United States of
America and has been provided to facilitate a more  comprehensive  understanding
of the  financial  position,  operating  results  and  cash  flows  of the  Coso
Partnerships and Subsidiaries as a whole, which jointly and severally  guarantee
the repayment of the Notes. The unaudited  consolidated  and combined  financial
statements should be read in conjunction with each individual Coso Partnership's
and Subsidiaries financial statements and their accompanying notes.

     The  financial  information  herein  presented  reflects  all  adjustments,
consisting only of normal  recurring  adjustments,  which are, in the opinion of
management,  necessary for a fair  statement of the results for interim  periods
presented. The results for the interim periods are not necessarily indicative of
results to be expected for the full year.

                                       29
<PAGE>
<TABLE>
<CAPTION>
                                                  COSO PARTNERSHIPS
                                  UNAUDITED CONSOLIDATED AND COMBINED BALANCE SHEETS
                                                (Dollars in thousands)

                                                                                   September 30,          December 31,
                                                                                       2004                  2003
<S>                                                                                <C>                    <C>
                         Assets:
Current Assets:
   Cash and cash equivalents.............................................           $  28,683              $   2,135
   Restricted cash and cash equivalents..................................              30,325                 29,567
   Accounts receivable, net..............................................              35,229                 21,740
   Prepaid expenses and other............................................               3,661                  2,796
   Inventory.............................................................               5,346                  5,270
   Amounts due from related parties......................................               6,966                  6,829
                                                                                      -------                 ------
                                                                                      110,210                 68,337
                                       Total current assets


Restricted cash and cash equivalents.....................................              14,944                 13,526
Property, plant and equipment, net.......................................             372,100                386,899
Power purchase agreement, net............................................              38,561                 42,323
Deferred financing costs, net............................................               4,134                  4,725
                                                                                      -------                -------

                                                                                    $ 539,949              $ 515,810
                                                                                      =======                =======
                                       Total assets


                         Liabilities and Partners' Capital:

Current Liabilities:
   Accounts payable and accrued liabilities..............................           $   8,992              $   8,508
   Amounts due to related parties........................................               6,857                  1,588
   Current portion of project loans......................................              32,991                 31,332
                                                                                       ------                 ------
                                                                                       48,840                 41,428
                                       Total current liabilities

Other liabilities........................................................              47,123                 45,523
Project loan.............................................................             208,086                222,282
                                                                                      -------                -------
                                                                                      304,049                309,233
                                       Total liabilities


Partners' capital........................................................             235,900                206,577
                                                                                      -------                -------

                                       Total liabilities & partners' capital        $ 539,949              $ 515,810
                                                                                      =======                =======






              See accompanying notes to the unaudited consolidated and combined financial statements.

                                                    30
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                                      COSO PARTNERSHIPS
                                             UNAUDITED CONSOLIDATED AND COMBINED
                                                  STATEMENTS OF OPERATIONS
                                                   (Dollars in thousands)


                                                         Three-Months         Three-Months         Nine-Months         Nine-Months
                                                             Ended                Ended                Ended               Ended
                                                         September 30,        September 30,        September 30,       September 30,
                                                             2004                 2003                 2004                2003
<S>                                                       <C>                  <C>                  <C>                 <C>
Revenue:
   Energy revenues..................................       $  28,194            $  28,354            $  82,879           $  82,241
   Capacity revenues................................          24,214               24,214               38,455              38,484
                                                              ------               ------              -------             -------
          Total revenue.............................          52,408               52,568              121,334             120,725

Operating expenses:
   Plant operating expenses.........................           7,695                8,145               26,372              23,406
   Royalty expense..................................           9,867                8,976               19,153              19,461
   Depreciation and amortization....................           7,658                7,608               23,189              22,795
                                                              ------               ------               ------              ------
          Total operating expenses..................          25,220               24,729               68,714              65,662

          Operating income .........................          27,188               27,839               52,620              55,063

Other (income)/expenses:
   Interest and other income........................          (2,637)                (476)              (3,534)             (1,531)
   Interest expense.................................           5,484                6,146               16,846              18,759
   Noncash interest expense.........................             343                  330                1,028                 988
                                                               -----                -----               ------              ------
          Total other expenses......................           3,190                6,000               14,340              18,216
                                                               -----                -----               ------              ------

Income before cumulative effect of change in
   accounting principle.............................          23,998               21,839               38,280              36,847

Cumulative effect of change in accounting
   principle........................................               -                    -                    -               4,481
                                                              ------               ------               ------              ------

          Net income................................       $  23,998            $  21,839            $  38,280           $  32,366
                                                              ======               ======               ======              ======







                  See accompanying notes to the unaudited consolidated and combined financial statements.

                                                        31
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                             COSO PARTNERSHIPS
                                          UNAUDITED CONSOLIDATED,
                                          COMBINED AND CONDENSED
                                         STATEMENTS OF CASH FLOWS
                                          (Dollars in thousands)

                                                                       Nine-Months              Nine-Months
                                                                          Ended                    Ended
                                                                       September 30,            September 30,
                                                                           2004                     2003
  <S>                                                                  <C>                      <C>

  Net cash provided by (used in) operating activities.....              $  54,915                $  54,224
  Net cash provided by (used in) investing activities.....                 (6,721)                 (12,374)
  Net cash provided by (used in) financing activities.....                (21,646)                 (11,337)
                                                                           ------                   ------

  Net change in cash and cash equivalents.................              $  26,548                $  30,513
                                                                           ======                   ======

  Supplemental cash flow disclosure:
          Cash paid for interest..........................              $  11,476                $  12,726
                                                                           ======                   ======







    See accompanying notes to the unaudited consolidated, combined and condensed financial statements.

                                                32
</TABLE>
<PAGE>
                                COSO PARTNERSHIPS
                             NOTES TO THE UNAUDITED
                            CONSOLIDATED AND COMBINED
                              FINANCIAL STATEMENTS
                             (Dollars in thousands)

(1)      Basis of Presentation

The accompanying  unaudited  consolidated and combined financial statements were
derived from the stand alone  unaudited  financial  statements of Caithness Coso
Funding Corp., Coso Finance Partners and Subsidiary,  Coso Energy Developers and
Coso Power Developers and Subsidiary (the Coso  Partnerships).  All intercompany
accounts and transactions were eliminated.  This financial  information has been
provided to  facilitate  a more  comprehensive  understanding  of the  financial
position,  operating results and cash flows of the Coso Partnerships as a whole.
The unaudited  consolidated and combined financial  statements should be read in
conjunction with each individual Partnership's unaudited financial statements.

The preparation of unaudited financial  statements in accordance with accounting
principles   generally   accepted  in  the  United  States   requires  the  Coso
Partnerships to make certain estimates and assumptions for the reporting periods
covered by the financial statements.  These estimates and assumptions affect the
reported  amounts of  assets,  liabilities,  revenues  and  expenses  during the
reporting  period.  Actual  results  could  differ  from  these  estimates.  The
financial information herein presented reflects all adjustments, consisting only
of normal  recurring  adjustments,  which are,  in the  opinion  of  management,
necessary for a fair statement of the results for interim periods presented. The
results for the interim periods are not necessarily  indicative of results to be
expected for the full year. The Coso Partnerships  have experienced  significant
quarterly   fluctuations  in  operating   results  and  it  expects  that  these
fluctuations in energy revenues, expenses and net income will continue.

The data for the  consolidated  and combined balance sheets presented herein for
September   30,  2004  and   December  31,  2003  were  derived  from  the  Coso
Partnership's  financial  statements for the interim period and fiscal year then
ended and includes the effect of  consolidating  New CLPSI Company,  LLC (CLPSI)
and Coso Transmission Line Partners (CTLP), but does not include all disclosures
required by accounting principles generally accepted in the United States.

(2)      New Accounting Pronouncements

The  consolidated  financial  statements  of the Coso  Partnerships  include the
accounts of CPLSI and CTLP, as a result of the adoption of Financial  Accounting
Standards  Board  (FASB)  Interpretation  No.  46.  (FIN 46)  (Consolidation  of
Variable Interest  Entities),  an interpretation of Accounting Research Bulletin
No. 51. FIN 46 required certain variable interest entities to be consolidated by
the primary  beneficiary  of the entity even though the equity  investors do not
have the  characteristics of a controlling  financial  interest,  or do not have
sufficient  equity at risk for the  entity to  finance  its  activities  without
additional  subordinated financial support from other parties. In December 2003,
the FASB issued FIN 46 (R),  which  clarified  and replaced FIN 46 that required
all  variable  interest  entities,  regardless  of when they were  created to be
evaluated  under FIN 46 (R) no later than the period  ending March 15, 2004.  An
entity shall be subject to  consolidation  according to the provisions of FIN 46
(R) if, by design,  the following  conditions  exist. As a group, the holders of
the  equity   investment   at  risk  lack  any  one  of  the   following   three
characteristics of a controlling financial interest:  (1) the direct or indirect
ability to make decisions about an entity's  activities through voting rights or
similar  rights;  (2) the obligation to absorb the expected losses of the entity
if they occur; or (3) the right to receive the expected  residual returns of the
entity if they occur.  The Coso  Partnerships  believe that CLPSI and CTLP,  the
entities that holds the inventory and transmission  assets are variable interest
entities and under FIN 46 (R) should be  consolidated.  The  inventory,  related

                                       33

physical assets, and payables will be recorded as the Coso Partnership's  assets
and liabilities. The impact to the Coso Partnership's future statement of
operations will be increased depreciation, partially offset by other income.

The consolidated and combined financial statements related to prior periods have
been restated to  consolidate  the accounts of CLPSI and CTLP as a direct result
of the adoption of FIN 46 (R). There was no cumulative  effect recorded upon the
adoption of the Interpretation.

(3)      Accounts Receivable and Revenue Recognition

Accounts receivable primarily consist of receivables from Edison for electricity
delivered  and sold under a power  purchase  contract.  Operating  revenues  are
recognized  as income  during the period in which  electricity  is  delivered to
Edison.

(4)      Reclassifications

Certain  balances  in prior  years  have been  reclassified  to  conform  to the
presentation adopted in the current year.


ITEM 6.  Exhibits and Reports on Form 8-K

(a)      Exhibits

         27.1 Financial Data Schedule--Form SX--Caithness Coso Funding Corp.
         27.2 Financial Data Schedule--Form SX--Coso Finance Partners
         27.3 Financial Data Schedule--Form SX--Coso Energy Developers
         27.4 Financial Data Schedule--Form SX--Coso Power Developers
         Certification of Chief Executive Officer
         Certification of Chief Financial Officer
         99.1 Certification of Chief Executive Officer
         99.2 Certification of Chief Financial Officer



(b)      Reports on Form 8-K

         The  Coso  Partnerships  filed a  current  report  on Form  8-K  dated
         November 2, 2004 reporting a new contract entered into with the United
         States Navy which terminated their existing contracts.

                                       34
<PAGE>
                                  EXHIBIT 27.1

                                    Form S-X
                       Commercial and Industrial Companies


Financial Data Schedule Worksheet for:      CAITHNESS COSO FUNDING CORP.
                                            ----------------------------
Review the following  list of tags for Article 5 and fill in the correct data in
the  column(s)  provided.  Generally,  only one  column of  information  will be
required,  however,  two columns are provided if required in the Financial  Data
Schedule.

Unless otherwise  noted, all tags are required.  A response is required for each
item within the schedule. Use the value "0" (zero) if information is immaterial,
inapplicable or unknown. Decimals may not be used to state financial data except
as indicated.  Values not provided will be entered as "0" (zero).  Missing dates
will be entered as "TO COME".  Please be sure to verify all  information  in the
EDGARized exhibit.

To  include  a  footnote,  place a number in  parentheses  next to the value and
provide  the text of each  corresponding  footnote  at the end of the  worksheet
form.

Do you wish to include a LEGEND?       This schedule  contains summary financial
                     Yes  X No         information extracted from *_____________
                  ---    ---           and is equalified in its entirety by
                                       reference to such financial statements.
                                       *Identify the financial statement(s) to
                                       be referenced in the legend:


RESTATED

Are your financials being "restated"          (NO VALUE REQUIRED)
from a previously file period?
                      Yes  X No
                   ---    ---
CIK                                       Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT CIK:

NAME                                      Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT NAME:

MULTIPLIER
Do the financials require a multiplier        X 1,000       1,000,000,000
                                             ---         ----
other than 1 (one)?
                    X Yes    No                 1,000,000    1,000,000,000,000
                   ---    ---                ---         ----

CURRENCY                                       CURRENCY OF FINANCIAL DATA:
Is the currency used other than US
Dollars? Use in conjunction with
EXCHANGE RATE tag.
                      Yes  X No
                   ---    ---
PERIOD TYPE                                       - MOS  X    9 - MOS
                                          ---  ---      ---  ---
                                              X YEAR          YEAR
                                             ---           ---
                                            (for annual report filings)
                                              OTHER           OTHER
                                          ----           ----
FISCAL YEAR END
(example: DEC-31-1997)                      Dec - 31 - 2003      DEC - 31 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD START
(example: JAN-01-1997)                      Jan - 01 - 2003      JAN - 01 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD END
(example: SEP-30-1997)                      Dec - 31 - 2003      SEP - 30 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

EXCHANGE RATE                               EXCHANGE RATE:       EXCHANGE RATE:

Is the exchange rate other than 1
(one)? Value may contain up to 5
decimal places) Use in conjunction
with CURRENCY tag.
                      Yes  X No
                   ---    ---
<PAGE>

<TABLE>
<CAPTION>
                                         PERIOD TYPE Year            PERIOD TYPE 9 MOS
                                                     ----                        -----
<S>                                                     <C>                       <C>
CASH                                                         0                           0
SECURITIES                                                   0                           0
RECEIVABLES                                            254,622                     247,455
ALLOWANCES                                                   0                           0
INVENTORY                                                    0                           0
CURRENT ASSETDS                                         32,340                      39,369
PP&E                                                         0                           0
DEPRECIATION                                                 0                           0
TOTAL ASSETS                                           254,622                     247,455
CURRENT LIABILITIES                                     32,340                      39,369
BONDS                                                  253,614                     241,077
PREFERRED MANDATORY                                          0                           0
PREFERRED                                                    0                           0
COMMON                                                       0                           0
OTHER SE                                                     0                           0
TOTAL LIABILITY AND EQUITY                             254,622                     247,455
SALES                                                        0                           0
TOTAL REVENUES                                          24,828                      16,846
CGS                                                          0                           0
TOTAL COSTS                                                  0                           0
OTHER EXPENSES                                               0                           0
LOSS PROVISION                                               0                           0
INTEREST EXPENSES                                       24,828                      16,846
INCOME PRETAX                                                0                           0
INCOME TAX                                                   0                           0
INCOME CONTINUING                                            0                           0
DISCONTINUED                                                 0                           0
EXTRAORDINARY                                                0                           0
CHANGES                                                      0                           0
NET INCOME                                                   0                           0
EPS BASIC                                                    0                           0
(Value may contain up to 3 decimal places)
EPS DILUTED                                                  0                           0
(Value may contain up to 3 decimal places)

                    Footnote Text: (Note: Each footnote cannot exceed 256 characters, including spaces)
</TABLE>


<PAGE>
                                  EXHIBIT 27.2

                                    Form S-X
                       Commercial and Industrial Companies


Financial Data Schedule Worksheet for:      COSO FINANCE PARTNERS AND SUBSIDIARY
                                            ------------------------------------
Review the following  list of tags for Article 5 and fill in the correct data in
the  column(s)  provided.  Generally,  only one  column of  information  will be
required,  however,  two columns are provided if required in the Financial  Data
Schedule.

Unless otherwise  noted, all tags are required.  A response is required for each
item within the schedule. Use the value "0" (zero) if information is immaterial,
inapplicable or unknown. Decimals may not be used to state financial data except
as indicated.  Values not provided will be entered as "0" (zero).  Missing dates
will be entered as "TO COME".  Please be sure to verify all  information  in the
EDGARized exhibit.

To  include  a  footnote,  place a number in  parentheses  next to the value and
provide  the text of each  corresponding  footnote  at the end of the  worksheet
form.

Do you wish to include a LEGEND?       This schedule  contains summary financial
                  Yes    X No          information extracted from *_____________
                  ---   ---            and is equalified in its entirety by
                                       reference to such financial statements.
                                       *Identify the financial statement(s) to
                                       be referenced in the legend:


RESTATED

Are your financials being "restated"          (NO VALUE REQUIRED)
from a previously file period?
                      Yes  X No
                   ---    ---
CIK                                       Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT CIK:

NAME                                      Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT NAME:

MULTIPLIER
Do the financials require a multiplier        X 1,000        1,000,000,000
                                             ---         ----
other than 1 (one)?
                    X Yes    No                 1,000,000    1,000,000,000,000
                   ---    ---                ---         ----

CURRENCY                                       CURRENCY OF FINANCIAL DATA:
Is the currency used other than US
Dollars? Use in conjunction with
EXCHANGE RATE tag.
                      Yes  X No
                   ---    ---
PERIOD TYPE                                       - MOS   X   9 - MOS
                                          ---  ---       --- ---
                                              X YEAR          YEAR
                                             ---           ---
                                            (for annual report filings)
                                              OTHER           OTHER
                                          ----           ----
FISCAL YEAR END
(example: DEC-31-1997)                      Dec - 31 - 2003      DEC - 31 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD START
(example: JAN-01-1997)                      Jan - 01 - 2003      JAN - 01 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD END
(example: SEP-30-1997)                      Dec - 31 - 2003      SEP - 30 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

EXCHANGE RATE                               EXCHANGE RATE:       EXCHANGE RATE:

Is the exchange rate other than 1
(one)? Value may contain up to 5
decimal places) Use in conjunction
with CURRENCY tag.
                      Yes  X No
                   ---    ---
<PAGE>

<TABLE>
<CAPTION>
                                         PERIOD TYPE Year            PERIOD TYPE 9 MOS
                                                     ----                        -----
<S>                                                     <C>                        <C>
CASH                                                     1,454                       9,921
SECURITIES                                              24,657                      25,404
RECEIVABLES                                              8,996                      14,175
ALLOWANCES                                                 546                         546
INVENTORY                                                    0                           0
CURRENT ASSETS                                          27,454                      40,738
PP&E                                                   247,215                     251,130
DEPRECIATION                                           111,344                     119,039
TOTAL ASSETS                                           187,265                     197,088
CURRENT LIABILITIES                                     15,671                      19,892
BONDS                                                   97,547                      93,267
PREFERRED MANDATORY                                          0                           0
PREFERRED                                                    0                           0
COMMON                                                       0                           0
OTHER SE                                                     0                           0
TOTAL LIABILITY AND EQUITY                             187,265                     197,088
SALES                                                   59,792                      47,541
TOTAL REVENUES                                          61,416                      48,520
CGS                                                          0                           0
TOTAL COSTS                                                  0                           0
OTHER EXPENSES                                          33,675                      27,659
LOSS PROVISION                                               0                           0
INTEREST EXPENSES                                       10,257                       6,899
INCOME PRETAX                                                0                           0
INCOME TAX                                                   0                           0
INCOME CONTINUING                                            0                           0
DISCONTINUED                                                 0                           0
EXTRAORDINARY                                                0                           0
CHANGES                                                  1,780                           0
NET INCOME                                              15,704                      13,962
EPS BASIC                                                    0                           0
(Value may contain up to 3 decimal places)
EPS DILUTED                                                  0                           0
(Value may contain up to 3 decimal places)

                    Footnote Text: (Note: Each footnote cannot exceed 256 characters, including spaces)
</TABLE>


<PAGE>

                                  EXHIBIT 27.3

                                    Form S-X
                       Commercial and Industrial Companies

Financial Data Schedule Worksheet for:      COSO ENERGY DEVELOPERS
                                            ----------------------
Review the following  list of tags for Article 5 and fill in the correct data in
the  column(s)  provided.  Generally,  only one  column of  information  will be
required,  however,  two columns are provided if required in the Financial  Data
Schedule.

Unless otherwise  noted, all tags are required.  A response is required for each
item within the schedule. Use the value "0" (zero) if information is immaterial,
inapplicable or unknown. Decimals may not be used to state financial data except
as indicated.  Values not provided will be entered as "0" (zero).  Missing dates
will be entered as "TO COME".  Please be sure to verify all  information  in the
EDGARized exhibit.

To  include  a  footnote,  place a number in  parentheses  next to the value and
provide  the text of each  corresponding  footnote  at the end of the  worksheet
form.

Do you wish to include a LEGEND?       This schedule  contains summary financial
                  Yes    X No          information extracted from *_____________
                  ---   ---            and is equalified in its entirety by
                                       reference to such financial statements.
                                       *Identify the financial statement(s) to
                                       be referenced in the legend:


RESTATED

Are your financials being "restated"          (NO VALUE REQUIRED)
from a previously file period?
                      Yes  X No
                   ---    ---
CIK                                       Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT CIK:

NAME                                      Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT NAME:

MULTIPLIER
Do the financials require a multiplier        X 1,000        1,000,000,000
                                             ---         ----
other than 1 (one)?
                    X Yes    No                 1,000,000    1,000,000,000,000
                   ---    ---                ---         ----

CURRENCY                                       CURRENCY OF FINANCIAL DATA:
Is the currency used other than US
Dollars? Use in conjunction with
EXCHANGE RATE tag.
                      Yes  X No
                   ---    ---
PERIOD TYPE                                       - MOS   X   9 - MOS
                                          ---  ---       --- ---
                                               X YEAR          YEAR
                                             ---           ---
                                            (for annual report filings)
                                              OTHER           OTHER
                                          ----           ----
FISCAL YEAR END
(example: DEC-31-1997)                      Dec - 31 - 2003      DEC - 31 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD START
(example: JAN-01-1997)                      Jan - 01 - 2003      JAN - 01 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD END
(example: SEP-30-1997)                      Dec - 31 - 2003      SEP - 30 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

EXCHANGE RATE                               EXCHANGE RATE:       EXCHANGE RATE:

Is the exchange rate other than 1
(one)? Value may contain up to 5
decimal places) Use in conjunction
with CURRENCY tag.
                      Yes  X No
                   ---    ---
<PAGE>

<TABLE>
<CAPTION>
                                         PERIOD TYPE Year            PERIOD TYPE 9 MOS
                                                     ----                        -----
<S>                                                     <C>                         <C>
CASH                                                       603                       9,088
SECURITIES                                              10,155                      10,003
RECEIVABLES                                              7,272                      11,229
ALLOWANCES                                                   0                           0
INVENTORY                                                    0                           0
CURRENT ASSETS                                          18,982                      31,742
PP&E                                                   250,930                     251,475
DEPRECIATION                                           120,411                     126,558
TOTAL ASSETS                                           170,556                     176,564
CURRENT LIABILITIES                                     13,507                      14,232
BONDS                                                   84,821                      80,852
PREFERRED MANDATORY                                          0                           0
PREFERRED                                                    0                           0
COMMON                                                       0                           0
OTHER SE                                                     0                           0
TOTAL LIABILITY AND EQUITY                             170,556                     176,564
SALES                                                   46,869                      35,600
TOTAL REVENUES                                          48,010                      37,281
CGS                                                          0                           0
TOTAL COSTS                                                  0                           0
OTHER EXPENSES                                          24,820                      19,829
LOSS PROVISION                                               0                           0
INTEREST EXPENSES                                        8,385                       5,924
INCOME PRETAX                                                0                           0
INCOME TAX                                                   0                           0
INCOME CONTINUING                                            0                           0
DISCONTINUED                                                 0                           0
EXTRAORDINARY                                                0                           0
CHANGES                                                    924                           0
NET INCOME                                              13,881                      11,528
EPS BASIC                                                    0                           0
(Value may contain up to 3 decimal places)
EPS DILUTED                                                  0                           0
(Value may contain up to 3 decimal places)

                    Footnote Text: (Note: Each footnote cannot exceed 256 characters, including spaces)
</TABLE>

<PAGE>
                                  EXHIBIT 27.4

                                    Form S-X
                       Commercial and Industrial Companies

Financial Data Schedule Worksheet for:      COSO POWER DEVELOPERS AND SUBSIDIARY
                                            ------------------------------------
Review the following  list of tags for Article 5 and fill in the correct data in
the  column(s)  provided.  Generally,  only one  column of  information  will be
required,  however,  two columns are provided if required in the Financial  Data
Schedule.

Unless otherwise  noted, all tags are required.  A response is required for each
item within the schedule. Use the value "0" (zero) if information is immaterial,
inapplicable or unknown. Decimals may not be used to state financial data except
as indicated.  Values not provided will be entered as "0" (zero).  Missing dates
will be entered as "TO COME".  Please be sure to verify all  information  in the
EDGARized exhibit.

To  include  a  footnote,  place a number in  parentheses  next to the value and
provide  the text of each  corresponding  footnote  at the end of the  worksheet
form.

Do you wish to include a LEGEND?       This schedule  contains summary financial
                  Yes    X No          information extracted from *_____________
                  ---   ---            and is equalified in its entirety by
                                       reference to such financial statements.
                                       *Identify the financial statement(s) to
                                       be referenced in the legend:


RESTATED

Are your financials being "restated"          (NO VALUE REQUIRED)
from a previously file period?
                      Yes  X No
                   ---    ---
CIK                                       Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT CIK:

NAME                                      Use this section only for coregistrant
Does this data apply to a coregistrant    filings.
                      Yes  X No
                   ---    ---             COREGISTRANT NAME:

MULTIPLIER
Do the financials require a multiplier        X 1,000        1,000,000,000
                                             ---         ----
other than 1 (one)?
                    X Yes    No                 1,000,000    1,000,000,000,000
                   ---    ---                ---         ----

CURRENCY                                       CURRENCY OF FINANCIAL DATA:
Is the currency used other than US
Dollars? Use in conjunction with
EXCHANGE RATE tag.
                      Yes  X No
                   ---    ---
PERIOD TYPE                                       - MOS    X   9 - MOS
                                          ---  ---        --- ---
                                              X YEAR          YEAR
                                             ---           ---
                                            (for annual report filings)
                                              OTHER           OTHER
                                          ----           ----
FISCAL YEAR END
(example: DEC-31-1997)                      Dec - 31 - 2003      DEC - 31 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD START
(example: JAN-01-1997)                      Jan - 01 - 2003      JAN - 01 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

PERIOD END
(example: SEP-30-1997)                      Dec - 31 - 2003      SEP - 30 - 2004
                                            ---------------      ---------------
                                            mmm - dd - yyyy      mmm - dd - yyyy

EXCHANGE RATE                               EXCHANGE RATE:       EXCHANGE RATE:

Is the exchange rate other than 1
(one)? Value may contain up to 5
decimal places) Use in conjunction
with CURRENCY tag.
                      Yes  X No
                   ---    ---
<PAGE>

<TABLE>
<CAPTION>
                                         PERIOD TYPE Year            PERIOD TYPE 9 MOS
                                                     ----                        -----
<S>                                                     <C>                         <C>
CASH                                                        78                       9,674
SECURITIES                                               8,281                       9,862
RECEIVABLES                                             14,479                      18,987
ALLOWANCES                                                  82                          82
INVENTORY                                                    0                           0
CURRENT ASSETS                                          23,451                      39,298
PP&E                                                   225,873                     226,041
DEPRECIATION                                           105,364                     110,949
TOTAL ASSETS                                           164,543                     172,720
CURRENT LIABILITIES                                     13,800                      16,284
BONDS                                                   71,246                      66,958
PREFERRED MANDATORY                                          0                           0
PREFERRED                                                    0                           0
COMMON                                                       0                           0
OTHER SE                                                     0                           0
TOTAL LIABILITY AND EQUITY                             164,543                     172,720
SALES                                                   46,149                      38,193
TOTAL REVENUES                                          46,575                      39,274
CGS                                                          0                           0
TOTAL COSTS                                                  0                           0
OTHER EXPENSES                                          27,410                      21,433
LOSS PROVISION                                               0                           0
INTEREST EXPENSES                                        7,500                       5,051
INCOME PRETAX                                                0                           0
INCOME TAX                                                   0                           0
INCOME CONTINUING                                            0                           0
DISCONTINUED                                                 0                           0
EXTRAORDINARY                                                0                           0
CHANGES                                                  1,777                           0
NET INCOME                                               9,888                      12,790
EPS BASIC                                                    0                           0
(Value may contain up to 3 decimal places)
EPS DILUTED                                                  0                           0
(Value may contain up to 3 decimal places)

                    Footnote Text: (Note: Each footnote cannot exceed 256 characters, including spaces)
</TABLE>
<PAGE>

          CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION
                    302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, James D. Bishop, Sr., certify that:

1.   I have  reviewed  this  quarterly  report  on Form 10-Q of  Caithness  Coso
     Funding  Corp.,   Coso  Finance   Partners  and  Subsidiary,   Coso  Energy
     Developers,  and Coso Power  Developers and Subsidiary  (collectively,  the
     Registrant);

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  Registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  Registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  Registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the Registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the Evaluation Date); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The Registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  Registrant's  auditors  and the audit
     committee of  Registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  Registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  Registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  Registrant's  internal
          controls; and

6.   The  Registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.


Date:  November 12, 2004                 Caithness Coso Funding Corp.
                                         a Delaware Corporation

                                          By: /S/ JAMES D. BISHOP, SR.
                                              ------------------------
                                                  James D. Bishop, Sr.
                                                  Director, Chairman &
                                                  Chief Executive Officer

<PAGE>

          CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION
                    302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Christopher T. McCallion, certify that:

1.   I have  reviewed  this  quarterly  report  on Form 10-Q of  Caithness  Coso
     Funding  Corp.,   Coso  Finance   Partners  and  Subsidiary,   Coso  Energy
     Developers,  and Coso Power  Developers and Subsidiary  (collectively,  the
     Registrant);

2.   Based on my knowledge,  this  quarterly  report does not contain any untrue
     statement of a material fact or omit to state a material fact  necessary to
     make the statements  made, in light of the  circumstances  under which such
     statements  were made, not misleading with respect to the period covered by
     this quarterly report;

3.   Based on my  knowledge,  the  financial  statements,  and  other  financial
     information  included  in this  quarterly  report,  fairly  present  in all
     material respects the financial  condition,  results of operations and cash
     flows of the  Registrant  as of, and for,  the  periods  presented  in this
     quarterly report;

4.   The  Registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and we have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  Registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities,  particularly  during  the  period in which  this  quarterly
          report is being prepared;

     b)   evaluated the  effectiveness of the Registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this quarterly report (the Evaluation Date); and

     c)   presented  in  this  quarterly   report  our  conclusions   about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

5.   The Registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  Registrant's  auditors  and the audit
     committee of  Registrant's  board of directors (or persons  performing  the
     equivalent function):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  Registrant's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the  Registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  Registrant's  internal
          controls; and

6.   The  Registrant's  other  certifying  officers and I have indicated in this
     quarterly report whether or not there were significant  changes in internal
     controls  or in other  factors  that could  significantly  affect  internal
     controls  subsequent to the date of our most recent  evaluation,  including
     any corrective actions with regard to significant deficiencies and material
     weaknesses.



Date:  November 12, 2004                 Caithness Coso Funding Corp.
                                         a Delaware Corporation

                                          By: /S/ CHRISTOPHER T. MCCALLION
                                              ----------------------------
                                                  Christopher T. McCallion
                                                  Executive Vice President
                                                  & Chief Financial Officer
                                                  Principal Financial &
                                                  Accounting Officer

<PAGE>
                                  Exhibit 99.1

                    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection  with the Quarterly  Report of Caithness Coso Funding Corp.,  Coso
Finance  Partners  and  Subsidiary,  Coso  Energy  Developers,  and  Coso  Power
Developers and Subsidiary  (collectively,  the  Registrant) on Form 10-Q for the
period  ending  September  30, 2004 as filed with the  Securities  and  Exchange
Commission  on the date hereof (the  Report),  I, James D.  Bishop,  Sr.,  Chief
Executive  Officer of the Registrant,  certify,  to the best of my knowledge and
belief,  pursuant to 18 U.S.C.  ss. 1350, as adopted  pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects, the financial condition and result of operations of
          the Registrant.


Date:  November 12, 2004                 Caithness Coso Funding Corp.
                                         a Delaware Corporation

                                          By: /S/ JAMES D. BISHOP, SR.
                                              ------------------------
                                                  James D. Bishop, Sr.
                                                  Director, Chairman &
                                                  Chief Executive Officer
<PAGE>

                                  Exhibit 99.2

                    CERTIFICATION OF CHIEF FINANCIAL OFFICER
                       PURSUANT TO 18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection  with the Quarterly  Report of Caithness Coso Funding Corp.,  Coso
Finance  Partners  and  Subsidiary,  Coso  Energy  Developers,  and  Coso  Power
Developers and Subsidiary  (collectively,  the  Registrant) on Form 10-Q for the
period  ending  September  30, 2004 as filed with the  Securities  and  Exchange
Commission on the date hereof (the Report),  I, Christopher T. McCallion,  Chief
Financial  Officer of the Registrant,  certify,  to the best of my knowledge and
belief,  pursuant to 18 U.S.C.  ss. 1350, as adopted  pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002, that:

     (1)  The Report fully  complies with the  requirements  of section 13(a) or
          15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
          material respects, the financial condition and result of operations of
          the Registrant.


Date:  November 12, 2004               Caithness Coso Funding Corp.
                                       a Delaware Corporation

                                        By: /S/ CHRISTOPHER T. MCCALLION
                                            ----------------------------
                                                Christopher T. McCallion
                                                Executive Vice President
                                                & Chief Financial Officer
                                                Principal Financial &
                                                Accounting Officer
<PAGE>
                                   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.


                                       CAITHNESS COSO FUNDING CORP.,
                                       a Delaware corporation

Date:  November 12, 2004                By:  /S/ CHRISTOPHER T. MCCALLION
                                             ----------------------------
                                                 Christopher T. McCallion
                                                 Executive Vice President &
                                                 Chief Financial Officer
                                                 (Principal Financial and
                                                 Accounting Officer)


                                       COSO FINANCE PARTNERS AND SUBSIDIARY
                                       a California general Partnership

                                        By: New CLOC Company, LLC,
                                             its Managing General Partner

Date:  November 12, 2004                By:  /S/ CHRISTOPHER T. MCCALLION
                                             ----------------------------
                                                 Christopher T. McCallion
                                                 Executive Vice President &
                                                 Chief Financial Officer
                                                 (Principal Financial and
                                                 Accounting Officer)


                                       COSO ENERGY DEVELOPERS
                                       a California general Partnership

                                        By: New CHIP Company, LLC,
                                             its Managing General Partner

Date:  November 12, 2004                By: /S/ CHRISTOPHER T. MCCALLION
                                            ----------------------------
                                                Christopher T. McCallion
                                                Executive Vice President &
                                                Chief Financial Officer
                                                (Principal Financial and
                                                Accounting Officer)


                                       COSO POWER DEVELOPERS AND SUBSIDIARY
                                       a California general Partnership

                                        By: New CTC Company, LLC,
                                             its Managing General Partner

Date:  November 12, 2004                By: /S/ CHRISTOPHER T. MCCALLION
                                            ----------------------------
                                                Christopher T. McCallion
                                                Executive Vice President &
                                                Chief Financial Officer
                                                (Principal Financial and
                                                Accounting Officer)