FORM 10-Q -- QUARTERLY REPORT UNDER SECTION 13
                 OR 15(d) OF THE SECURITES EXCHANGE ACT OF 1934

(Mark One)
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange
    Act of 1934 For the quarterly period ended   June 30, 2000
                                                 -------------
                                       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
                              ---------

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

                California                            94-3071296
                ----------                            ----------
    (State or other jurisdiction of             (I.R.S. Employer
     incorporation or organization)             Identification No.)

   1114 Avenue of the Americas, 41st Floor, New York, New York      10036-7790
   -----------------------------------------------------------      ----------
          (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.

                                 Not Applicable
                                 --------------

<PAGE>

                             COSO ENERGY DEVELOPERS
                                    Form 10-Q
                       For the Quarter Ended June 30, 2000

<TABLE>
<CAPTION>

<S>                                                                                          <C>


PART I.  FINANCIAL INFORMATION                                                               Page No.

ITEM 1.  Financial Statements

         CAITHNESS COSO FUNDING CORP.
           Unaudited condensed balance sheet at June 30, 2000 and
              December 31, 1999                                                                4
           Unaudited condensed statement of operations for the three-months
              ended June 30, 2000, the three-months ended June 30, 1999, the
              six-months ended June 30, 2000, and the six-months ended
              June 30, 1999                                                                    5
           Unaudited condensed statement of cash flows for the six-months
              ended June 30, 2000 and the six-months ended June 30, 1999                       6
           Notes to the unaudited condensed financial statements                               7

          COSO FINANCE PARTNERS
           Unaudited condensed combined balance sheets at June 30, 2000
              and December 31, 1999                                                            8
           Unaudited condensed combined statements of operations for the three
              June 30, 2000, the three-months ended June 30, 1999,
              the six-months ended June 30, 2000, the two-months ended February
              28, 1999, the four months ended June 30, 1999 and the six-months
              ended June 30, 1999                                                              9
           Unaudited  condensed  combined  statements of cash flows for the six-
              months  ended June 30, 2000,  the  two-months  ended  February 28,
              1999, the four months ended June 30, 1999 and the six-months ended
              June 30, 1999.                                                                  10
           Notes to the unaudited condensed combined financial statements                     11

          COSO ENERGY DEVELOPERS
            Unaudited condensed balance sheets at June 30, 2000
              and December 31, 1999                                                           12
            Unaudited condensed statements of operations for the three
              months ended June 30, 2000, the three-months ended June 30, 1999,
              the six-months ended June 30, 2000, the two-months ended February 28,
              1999, the four months ended June 30, 1999 and the six-months ended
              June 30, 1999                                                                   13
            Unaudited  condensed  statements  of cash flows for the  six-months
              ended June 30, 2000, the  two-months  ended February 28, 1999, the
              four months ended June 30, 1999 and the six-months  ended June 30,
              1999.                                                                           14
            Notes to the unaudited condensed financial statements                             15


           COSO POWER DEVELOPERS
             Unaudited condensed balance sheets at June 30, 2000
               and December 31, 1999                                                          16
             Unaudited condensed statements of operations for the three-
               months ended June 30, 2000, the three-months ended June 30, 1999,
               the six-months ended June 30, 2000, the two-months ended February 28,
               1999, the four months ended June 30, 1999 and the six-months ended
               June 30, 1999                                                                  17
             Unaudited condensed statements of cash flows for the six-months
               ended June 30, 2000, the two-months ended February 28, 1999, the four
               months ended June 30, 1999 and the six-months ended June 30, 1999.             18
             Notes to the unaudited condensed financial statements                            19

                                       2


ITEM 2.      Management's Discussion and Analysis of Financial Condition and
             Results of Operations
                                                                                              20

PART II.     OTHER INFORMATION

ITEM 1.      Legal Proceedings                                                                29
ITEM 2.      Change in Securities and Use of Proceeds                                         30
ITEM 3.      Defaults upon Senior Securities                                                  30
ITEM 4.      Submission of Matters to a Vote of Security Holders                              30
ITEM 5.      Other Information                                                                30
ITEM 6.      Exhibits and Reports on Form 8-K                                                 30



                                       3
</TABLE>
<PAGE>

                          CAITHNESS COSO FUNDING CORP.
                        UNAUDITED CONDENSED BALANCE SHEET
                             (Dollars in thousands)






                                                       June 30,     December 31,
                                                         2000          1999
                                                                      (Note)
Assets:
   Accrued interest receivable..................    $     1,269    $   1,392
   Project loan to Coso Finance Partners........        141,502      151,550
   Project loan to Coso Energy Developers.......        102,718      107,900
   Project loan to Coso Power Developers........        103,934      153,550
                                                        -------     --------
                                                    $   349,423    $ 414,392
                                                        =======     ========


Liabilities and Stockholders' Equity:
  Senior secured notes:
      Accrued interest payable..................    $     1,269    $   1,392
      6.80% notes due 2001......................         45,154      110,000
      9.05% notes due 2009......................        303,000      303,000
                                                       --------     --------
Total liabilities...............................        349,423      414,392
Stockholders' equity............................           ---         ---
                                                       --------     --------
                                                    $   349,423    $ 414,392
                                                       ========     ========



Note:    The condensed  balance sheet at December 31, 1999 has been derived from
         the audited financial  statements at that date but does not include all
         of  the  information  and  footnotes  required  by  generally  accepted
         accounting principles for complete financial statements.





         See accompanying notes to the unaudited condensed financial statements



                                     4
<PAGE>


                                            CAITHNESS COSO FUNDING CORP.
                                     UNAUDITED CONDENSED STATEMENT OF OPERATIONS
                                               (Dollars in thousands)
<TABLE>
<CAPTION>


                                           Three-Months   Three-Months      Six-Months      Six-Months
                                               Ended         Ended            Ended            Ended
                                             June 30,       June 30,         June 30,        June 30,
                                               2000           1999             2000            1999

                 <S>                          <C>           <C>           <C>                 <C>
                 Interest income..........  $   7,708     $   4,986      $  16,929          $  4,986
                 Interest expense.........     (7,708)       (4,986)       (16,929)           (4,986)
                                              -------       -------        -------            ------
                    Net Income............  $     ---     $    ---       $    ---           $    ---
                                              =======       =======        =======            ======





                       See accompanying notes to the unaudited condensed financial statements

</TABLE>




                                       5


<PAGE>


                                            CAITHNESS COSO FUNDING CORP.
                                     UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
                                               (Dollars in thousands)
<TABLE>
<CAPTION>
                                                                       Six-Months         Six-Months
                                                                         Ended               Ended
                                                                        June 30,            June 30,
                                                                         2000                1999


                <S>                                                  <C>                 <C>
                Cash flows from investing activities.....             $  64,969          $ (413,000)
                Cash flows from financing activities.....               (64,969)            413,000
                                                                        -------             -------
                Net change in cash ......................             $    ---           $     ---
                                                                        =======             =======
                Supplemental cash flow disclosure:
                  Cash paid for interest.................             $  15,660          $     ---
                                                                        =======             =======








                       See accompanying notes to the unaudited condensed financial statements

</TABLE>


                                       6
<PAGE>



                          CAITHNESS COSO FUNDING CORP.
              NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS



(1)      Organization and Operations

Caithness Coso Funding Corp. (Funding Corp.) was incorporated on April 22, 1999,
in Delaware.  Funding Corp. is a special purpose corporation that was formed for
the purpose of issuing senior secured notes on behalf of Coso Finance  Partners,
Coso  Energy  Developers  and Coso  Power  Developers  (the Coso  Partnerships),
affiliates  of Funding Corp.  Funding Corp.  has loaned all of the proceeds from
the offering of 6.80%  senior  secured  notes due 2001 and 9.05% senior  secured
notes due 2009 (a total of $413 million) to the Coso Partnerships,  and the Coso
Partnerships  have jointly and severally  guaranteed on a senior  secured basis,
repayment of the senior secured notes.

Funding  Corp.  has no  material  assets  other than the loans,  and the accrued
interest thereon,  that have been made to the Coso  Partnerships.  Also, Funding
Corp. does not conduct any business, other than issuing the senior secured notes
and making the loans to the Coso Partnerships.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information.  Accordingly, certain information and footnote disclosures normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles  have been  condensed or omitted  pursuant to 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, 1999.

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
                                     UNAUDITED CONDENSED COMBINED BALANCE SHEETS
                                               (Dollars in thousands)


                                                                                    June 30,       December 31, 1999
                                                                                      2000              (Note)


<S>                                                                              <C>             <C>
Assets:
   Cash.......................................................................      $   3,621       $   7,821
   Restricted cash and investments............................................         20,532          25,001
   Accounts receivable........................................................          9,384           5,154
   Prepaid expenses & other assets............................................             47              --
   Amounts due from related parties...........................................          3,918           4,508
   Property, plant & equipment, net...........................................        152,557         153,879
   Power purchase agreement, net..............................................         12,814          13,388
   Investment in China Lake Plant Services, Inc...............................          4,270           4,212
   Deferred financing costs, net..............................................          3,490           3,749
                                                                                      -------         -------
                                                                                    $ 210,633       $ 217,712
                                                                                      =======         =======
Liabilities and Partners' Capital:
   Accounts payable and accrued liabilities...................................      $  15,159       $  16,236
   Amounts due to related parties.............................................            515             564
   Project loan...............................................................        141,502         151,550
                                                                                      -------         -------
                                                                                      157,176         168,350
Partners' capital.............................................................         53,457          49,362
                                                                                      -------         -------
                                                                                    $ 210,633       $ 217,712
                                                                                      =======         =======



Note:    The condensed  balance sheet at December 31, 1999 has been derived from
         the audited financial  statements at that date but does not include all
         of  the  information  and  footnotes  required  by  generally  accepted
         accounting principles for complete financial statements.





         See accompanying notes to the unaudited condensed combined financial statements
</TABLE>





                                        8
<PAGE>

<TABLE>
<CAPTION>

                                                COSO FINANCE PARTNERS
                                UNAUDITED CONDENSED COMBINED STATEMENTS OF OPERATIONS
                                               (Dollars in thousands)




                                          Three-Months  Three-Months   Six-Months    Two-Months   Four-Months   Six-Months
                                             Ended          Ended        Ended         Ended        Ended         Ended
                                            June 30,      June 30,      June 30,     February 28,   June 30,      June 30,
                                              2000          1999          2000          1999         1999          1999
                                          (New Basis)    (New Basis)   (New Basis)   (Old Basis)   (New Basis)

<S>                                      <C>           <C>             <C>          <C>           <C>          <C>

Revenue:
   Energy revenues.....................  $    9,458    $   9,169       $ 17,183     $   8,098     $  13,568    $  21,666
   Capacity............................       3,566        3,232          4,821           474         3,469        3,943
   Interest and other income...........         459          247            782           824         1,074        1,898
                                            -------      -------        -------       -------       -------       -------
        Total revenue..................      13,483       12,648         22,786         9,396        18,111       27,507

Operating expenses:
   Plant operating expenses.............      2,274        2,456          4,346         3,125         3,914        7,039
   Royalty expense......................      2,016        2,134          3,205           987         2,585        3,572
   Depreciation and amortization........      2,235        2,391          4,588         1,604         3,174        4,778
                                            -------      -------        -------       -------       -------      -------
        Total operating expenses.......       6,525        6,981         12,139         5,716         9,673       15,389


        Operating income...............       6,958        5,667         10,647         3,680         8,438       12,118

Other expenses:
    Interest expense....................      3,120        1,638          6,293           663         1,962        2,625
    Interest expense - acquisition debt.         --        1,315            --             --         1,962        1,962
    Costs related to acquisition debt...        129        1,368            259            --         2,027        2,027
                                            -------      -------        -------       -------       -------      -------
         Total other expenses...........      3,249        4,321          6,552           663         5,951        6,614


         Income before extraordinary item     3,709        1,346          4,095         3,017         2,487        5,504


Extraordinary item - Loss on
  extinguishment of debt................         --        2,375             --           --          2,375        2,375
                                            -------      -------        -------       -------       -------      -------
         Net income (loss)............    $   3,709    $  (1,029)     $   4,095      $  3,017     $     112    $   3,129
                                            =======      =======        =======       =======       =======      =======






                   See accompanying notes to the unaudited condensed combined financial statements
</TABLE>




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




                                                         Six-Months     Two-Months    Four-Months         Six-Months
                                                           Ended           Ended         Ended              Ended
                                                          June 30,       February       June 30,           June 30,
                                                            2000           1999          1999                1999
                                                         (New Basis)    (Old Basis)   (New Basis)

<S>                                                      <C>           <C>            <C>              <C>

Net cash provided by operating activities..............  $   4,071      $  6,592      $   2,716         $   9,308
Net cash provided by (used in) investing activities....      1,777          (538)       (21,194)          (21,732)
Net cash provided by (used in) financing activities....    (10,048)       (1,926)        17,399            15,473
                                                           -------       -------        -------           -------
Net change in cash and cash equivalents................  $  (4,200)     $  4,128      $  (1,079)        $   3,049
                                                           =======       =======        =======           =======
Supplemental cash flow disclosure:
     Cash paid for interest............................  $   6,342      $    ---      $   3,428         $   3,428
                                                           =======       =======        =======           =======




                   See accompanying notes to the unaudited condensed combined financial statements

</TABLE>
                                       10
<PAGE>


                              COSO FINANCE PARTNERS
                        NOTES TO THE UNAUDITED CONDENSED
                          COMBINED FINANCIAL STATEMENTS

(1)      Organization and Operation

Coso Finance Partners (CFP), a general Partnership,  is engaged in the operation
of a 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 under a 24-year power purchase contract expiring in 2011.

(2)      Basis of Presentation

The accompanying  unaudited  condensed combined  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information. Accordingly, certain information and footnote disclosures
normally included in financial  statements prepared in accordance with generally
accepted  accounting  principles have been condensed or omitted pursuant to 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, 1999.

On May 27,  1999  Coso  Finance  Partners  II was  merged  into  CFP to form one
Partnership.

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.

(3)      Acquisition

On  February  25,  1999,   Caithness   Acquisition   Company,   LLC   (Caithness
Acquisition),  a wholly owned subsidiary of Caithness Energy LLC,  purchased all
of CalEnergy Company Inc.'s (CalEnergy)  interest in CFP for approximately $62.0
million.  The  acquisition was accounted for under the purchase  method,  and no
goodwill was recorded.  After  Caithness  Acquisition's  purchase of CalEnergy's
interest  in CFP, a new basis of  accounting  was  adopted and is referred to as
"New  Basis" as  compared  to the former cost basis which is referred to as "Old
Basis" in the  financial  statements.  The purchase  price was  allocated to the
portion of the assets and liabilities  purchased from CalEnergy based upon their
fair  values,  with the  amount  of fair  value of net  assets  in excess of the
purchase price being allocated to long-lived assets on a pro-rata basis.

In order to complete  the  purchase of  CalEnergy's  interest in CFP,  Caithness
Acquisition  arranged  for  short-term  debt  financing of  approximately  $77.6
million.  This  short-term debt was repaid on May 28, 1999 from a portion of the
proceeds from the offering of senior secured notes (see note 4).

(4)      Debt Financing

On May 28, 1999 Caithness Coso Funding Corp. loaned approximately $151.6 million
to CFP from a portion of the proceeds from the offering of senior secured notes.
The loan  consists of one note of $29.0  million with an interest  rate of 6.80%
and another of $122.6 million with an interest rate of 9.05% with maturity dates
of December  15, 2001 and December 15,  2009,  respectively.  All prior  project
loans of  approximately  $118.2  million  were repaid  from the  proceeds of the
financing and an extraordinary  loss from the early  extinguishment of this debt
was incurred for approximately $2.4 million. The extraordinary loss was due to a
premium and other costs incurred to pay the prior project loans before maturity.




                                       11
<PAGE>


<TABLE>
<CAPTION>



                                               COSO ENERGY DEVELOPERS
                                         UNAUDITED CONDENSED BALANCE SHEETS
                                               (Dollars in thousands)



                                                                                 June 30,             December 31,
                                                                                   2000                  1999
                                                                                                         (Note)
<S>                                                                             <C>                  <C>

Assets:
   Cash...................................................................        $  14,031           $   6,423
   Restricted cash and investments........................................            5,979               9,806
   Accounts receivable....................................................            8,929               6,095
   Prepaid expenses and other assets......................................              148                 100
   Amounts due from related parties.......................................            1,968                 761
   Property, plant and equipment, net.....................................          160,161             165,650
   Power purchase agreement, net..........................................           20,045              20,549
   Investment in Coso Transmission Line Partners..........................            2,981               2,981
   Investment in China Lake Plant Services, Inc...........................            1,279               1,228
   Deferred financing costs, net..........................................            2,639               2,798
                                                                                    -------             -------
                                                                                  $ 218,160           $ 216,391
                                                                                    =======             =======
Liabilities and Partners' Capital:
   Accounts payable and accrued liabilities...............................        $   7,948           $   6,681
   Amounts due to related parties.........................................           22,172              22,460
   Project loan...........................................................          102,718             107,900
                                                                                    -------             -------
                                                                                    132,838             137,041
Partners' capital.........................................................           85,322              79,350
                                                                                    -------             -------
                                                                                  $ 218,160           $ 216,391
                                                                                    =======             =======




Note:    The condensed  balance sheet at December 31, 1999 has been derived from
         the audited financial  statements at that date but does not include all
         of  the  information  and  footnotes  required  by  generally  accepted
         accounting principles for complete financial statements.



         See accompanying notes to the unaudited condensed financial statements
</TABLE>

                                       12
<PAGE>
<TABLE>
<CAPTION>


                                               COSO ENERGY DEVELOPERS
                                     UNAUDITED CONDENSED STATEMENT OF OPERATIONS
                                               (Dollars in thousands)


                                          Three-Months  Three-Months    Six-Months     Two-Months     Four-Months   Six-Months
                                             Ended          Ended          Ended         Ended           Ended        Ended
                                            June 30,      June 30,       June 30,      February 28,     June 30,     June 30,
                                              2000          1999           2000           1999           1999          1999
                                          (New Basis)   (New Basis)     (New Basis)    (Old Basis)    (New Basis)
<S>                                        <C>          <C>            <C>             <C>            <C>            <C>

Revenue:
   Energy revenues.....................    $  7,778     $   3,359      $  13,731       $ 16,716        $ 6,793       $ 23,509
   Capacity............................       3,484         3,484          4,711            817          3,894          4,711
   Interest and other income...........         366           254          5,681             78            372            450
                                            -------       -------        -------        -------        -------         -------
        Total revenue..................      11,628         7,097         24,123         17,611         11,059         28,670

Operating expenses:
   Plant operating expenses............       2,878         3,912          5,417          4,039          5,516          9,555
   Royalty expense.....................         513           332            578          1,592            679          2,271
   Depreciation and amortization.......       3,538         3,912          7,414          2,550          5,087          7,637
                                            -------       -------        -------        -------        -------         -------
        Total operating expenses.......       6,929         8,156         13,409          8,181         11,282         19,463


        Operating income.............         4,699        (1,059)        10,714          9,430           (223)         9,207


Other expenses:
    Interest expense...................       2,275         1,624          4,583            616          1,927          2,543
    Interest expense - acquisition debt         --            954            --             --           1,415          1,415
    Costs related to acquisition debt..          79         1,053            159            --           1,522          1,522
                                            -------       -------        -------        -------        -------         -------
        Total other expenses...........       2,354         3,631          4,742            616          4,864          5,480


        Income before extraordinary item      2,345        (4,690)         5,972          8,814         (5,087)         3,727


Extraordinary item - Loss on
      extinguishment of debt............        --          1,822             --           --            1,822          1,822
                                            -------       -------        -------         ------         ------        -------
        Net income (loss)..............   $   2,345     $  (6,512)     $   5,972       $  8,814       $ (6,909)      $  1,905
                                            =======       =======        =======         ======         ======        =======








                       See accompanying notes to the unaudited condensed financial statements

</TABLE>


                                       13
<PAGE>
<TABLE>
<CAPTION>


                                               COSO ENERGY DEVELOPERS
                                    UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
                                               (Dollars in thousands)




                                                             Six-Months     Two-Months      Four-Months      Six-Months
                                                               Ended          Ended            Ended           Ended
                                                              June 30,      February 28,      June 30,        June 30,
                                                                2000          1999             1999             1999
                                                             (New Basis)   (Old Basis)     (New Basis)

<S>                                                       <C>             <C>               <C>             <C>

Net cash provided by operating activities..............   $    10,384      $  10,367         $   8,810       $  19,177
Net cash provided by (used in) investing activities....         2,406            120           (15,480)        (15,360)
Net cash provided by (used in) financing activities....        (5,182)           425             3,911           4,336
                                                              -------        -------           -------         -------
Net change in cash and cash equivalents................   $     7,608      $  10,912         $  (2,759)      $   8,153
                                                              =======        =======           =======         =======
Supplemental cash flow disclosure:
        Cash paid for interest.........................   $     4,612      $    ---          $   2,777       $   2,777
                                                              =======        =======           =======         =======





                       See accompanying notes to the unaudited condensed financial statements

</TABLE>


                                       14
<PAGE>


                             COSO ENERGY DEVELOPERS
              NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS

(1)      Organization and Operation

Coso Energy Developers (CED), a general Partnership, is engaged in the operation
of a 80 MW power generation facility located at the Coso Hot Springs, China Lake
California.  CED sells all electricity  produced to Southern  California  Edison
under a 24-year power purchase contract expiring in 2019.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information.  Accordingly, certain information and footnote disclosures normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles  have been  condensed or omitted  pursuant to 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, 1999.

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)      Acquisition

On  February  25,  1999,   Caithness   Acquisition   Company,   LLC   (Caithness
Acquisition),  a wholly owned subsidiary of Caithness Energy LLC,  purchased all
of CalEnergy Company, Inc.'s (CalEnergy) interest in CED for approximately $69.0
million.  The  acquisition was accounted for under the purchase  method,  and no
goodwill was recorded.  After  Caithness  Acquisition's  purchase of CalEnergy's
interest  in CED, a new basis of  accounting  was  adopted and is referred to as
"New  Basis" as  compared  to the former cost basis which is referred to as "Old
Basis" in the  financial  statements.  The purchase  price was  allocated to the
portion of the assets and liabilities  purchased from CalEnergy based upon their
fair  values,  with the  amount  of fair  value of net  assets  in excess of the
purchase price being allocated to long-lived assets on a pro-rata basis.

In order to complete  the  purchase of  CalEnergy's  interest in CED,  Caithness
Acquisition  arranged  for  short-term  debt  financing of  approximately  $55.2
million.  This  short-term debt was repaid on May 28, 1999 from a portion of the
proceeds from the offering of senior secured notes (see note 4).

 (4)     Debt Financing

On May 28, 1999 Caithness Coso Funding Corp. loaned approximately $107.9 million
to CED from a portion of the proceeds from the offering of senior secured notes.
The loan  consists of one note of $11.7  million with an interest  rate of 6.80%
and another of $96.3 million with an interest rate of 9.05% with maturity  dates
of December  15, 2001 and December 15,  2009,  respectively.  All prior  project
loans of  approximately  $93.2  million  were  repaid  from the  proceeds of the
financing and an extraordinary  loss from the early  extinguishment of this debt
was incurred for approximately $1.8 million. The extraordinary loss was due to a
premium and other costs incurred to pay the prior project loans before maturity.




                                      15
<PAGE>


                                                COSO POWER DEVELOPERS
                                         UNAUDITED CONDENSED BALANCE SHEETS
                                               (Dollars in thousands)
<TABLE>
<CAPTION>



                                                                                      June 30,             December
                                                                                        2000                 1999
                                                                                                            (Note)

<S>
Assets:                                                                           <C>                   <C>
   Cash.....................................................................        $   15,911          $    6,020
   Restricted cash and investments..........................................            11,688              54,338
   Accounts receivable......................................................             8,997              20,540
   Prepaid expenses and other assets........................................                46                 ---
   Amounts due from related parties.........................................             8,907               7,058
   Property, plant and equipment, net.......................................           141,655             147,522
   Power purchase agreement, net............................................            27,012              28,409
   Investment in Coso Transmission Line Partners............................             3,660               3,660
   Investment in China Lake Plant Services, Inc.............................             2,174               2,098
   Deferred financing costs, net............................................             3,239               3,624
                                                                                       -------              ------
                                                                                    $  223,289          $  273,269
                                                                                       =======             =======
Liabilities and Partners' Capital:
   Accounts payable and accrued liabilities.................................        $   12,779          $   12,163
   Amounts due to related parties...........................................               975               3,225
   Project loan.............................................................           103,934             153,550
                                                                                       -------             -------
                                                                                       117,688             168,938
Partners' capital...........................................................           105,601             104,331
                                                                                       -------             -------
                                                                                    $  223,289          $  273,269
                                                                                       =======             =======



Note:    The condensed  balance sheet at December 31, 1999 has been derived from
         the audited financial  statements at that date but does not include all
         of  the  information  and  footnotes  required  by  generally  accepted
         accounting principles for complete financial statements.




         See accompanying notes to the unaudited condensed financial statements

</TABLE>


                                       16
<PAGE>
<TABLE>
<CAPTION>


                                                COSO POWER DEVELOPERS
                                    UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
                                               (Dollars in thousands)


                                          Three-Months  Three-Months    Six-Months     Two-Months      Four-Months    Six-Months
                                             Ended          Ended         Ended           Ended           Ended         Ended
                                            June 30,      June 30,       June 30,     February 28,       June 30,       June 30,
                                              2000          1999           2000           1999            1999           1999
                                          (New Basis)    (New Basis)   (New Basis)     (Old Basis)     (New Basis)
<S>                                       <C>             <C>          <C>             <C>              <C>          <C>

Revenue:
   Energy revenues........................$  7,435        $ 24,556      $ 15,989       $ 16,687          $ 31,272    $   47,959
   Capacity...............................   3,504           3,504         4,738            822             3,916         4,738
   Interest and other income..............     873             577         1,402            150               733           883
                                           -------         -------       -------        -------           -------       -------
          Total revenue...................  11,812          28,637        22,129         17,659            35,921        53,580

Operating expenses:
   Plant operating expenses...............   2,541           3,117         4,646          3,195             4,410         7,605
   Royalty expense........................   1,986           2,872         3,761          1,806             3,936         5,742
   Depreciation and amortization..........   3,708           3,566         7,406          2,339             4,754         7,093
                                            ------          -------      -------        -------           -------       -------
          Total operating expenses........   8,235           9,555        15,813          7,340            13,100        20,440


          Operating income................   3,577          19,082         6,316         10,319            22,821        33,140


Other expenses:
    Interest expense                         2,307           1,899         4,661            953             2,348         3,301
    Interest expense - acquisition debt...     --            1,355           --              --             2,010         2,010
    Costs related to acquisition debt.....     193           1,400           385             --             2,088         2,088
                                            ------         -------       -------        -------           -------       -------
          Total other expenses............   2,500           4,654         5,046            953             6,446         7,399


          Income before extraordinary item   1,077          14,428         1,270          9,366            16,375        25,741


Extraordinary item - Loss on
   extinguishment of debt.................     --            2,147          --              --              2,147         2,147
                                            ------          ------       -------        -------           -------       -------
          Net income.....................$   1,077        $ 12,281      $  1,270       $  9,366          $ 14,228      $ 23,594
                                           =======         =======       =======        =======           =======        ======





                          See accompanying notes to the unaudited condensed financial statements

</TABLE>



                                     17
<PAGE>



<TABLE>
<CAPTION>


                                                COSO POWER DEVELOPERS
                                    UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
                                               (Dollars in thousands)




                                                        Six-Months      Two-Months        Four-Months         Six-Months
                                                          Ended           Ended              Ended               Ended
                                                         June 30,       February 28,        June 30,            June 30,
                                                           2000           1999                1999                1999
                                                        (New Basis)     (Old Basis)       (New Basis)

<S>                                                     <C>             <C>                 <C>

Net cash provided by operating activities.............. $  16,999        $  12,016          $ 16,941          $  28,957
Net cash provided by (used in) investing activities....    42,508           (1,126)          (19,448)           (20,574)
Net cash provided by (used in) financing activities....   (49,616)           1,766             2,075              3,841
                                                          -------          -------           -------            -------
Net change in cash and cash equivalents................ $   9,891        $  12,656          $   (432)         $  12,224
                                                          =======          =======           =======            =======
Supplemental cash flow disclosure:
      Cash paid for interest........................... $   4,706        $    ---           $  4,191          $   4,191
                                                          =======          =======           =======            =======









                       See accompanying notes to the unaudited condensed financial statements
</TABLE>




                                       18
<PAGE>


                              COSO POWER DEVELOPERS
              NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS

(1)      Organization and Operation

Coso Power Developers (CPD), a general Partnership,  is engaged in the operation
of a 80 MW power generation facility located at the Coso Hot Springs, China Lake
California.  CPD sells all electricity  produced to Southern  California  Edison
under a 24-year power purchase contract expiring in 2010.

(2)      Basis of Presentation

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information.  Accordingly, certain information and footnote disclosures normally
included in financial  statements prepared in accordance with generally accepted
accounting  principles  have been  condensed or omitted  pursuant to 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, 1999.

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.

(3)      Acquisition

On  February  25,  1999,   Caithness   Acquisition   Company,   LLC   (Caithness
Acquisition),  a wholly owned subsidiary of Caithness Energy LLC,  purchased all
of CalEnergy Company, Inc.'s (CalEnergy) interest in CPD for approximately $74.5
million.  The  acquisition was accounted for under the purchase  method,  and no
goodwill was recorded.  After  Caithness  Acquisition's  purchase of CalEnergy's
interest  in CPD, a new basis of  accounting  was  adopted and is referred to as
"New  Basis" as  compared  to the former cost basis which is referred to as "Old
Basis" in the  financial  statements.  The purchase  price was  allocated to the
portion of the assets and liabilities  purchased from CalEnergy based upon their
fair  values,  with the  amount  of fair  value of net  assets  in excess of the
purchase price being allocated to long-lived assets on a pro-rata basis.

In order to complete  the  purchase of  CalEnergy's  interest in CPD,  Caithness
Acquisition  arranged  for  short-term  debt  financing of  approximately  $78.6
million.  This  short-term debt was repaid on May 28, 1999 from a portion of the
proceeds from the offering of senior secured notes (see note 4).

(4)      Debt Financing

On May 28, 1999 Caithness Coso Funding Corp. loaned approximately $153.6 million
to CPD from a portion of the proceeds from the offering of senior secured notes.
The loan  consists of one note of $69.4  million with an interest  rate of 6.80%
and another note of $84.2  million with an interest  rate of 9.05% with maturity
dates of December  15,  2001 and  December  15,  2009,  respectively.  All prior
project loans of  approximately  $140.0 million were repaid from the proceeds of
the financing and an extraordinary  loss from the early  extinguishment  of this
debt was incurred for approximately $2.1 million. The extraordinary loss was due
to a premium and other  costs  incurred to pay the prior  project  loans  before
maturity.




                                       19
<PAGE>
ITEM 2.  Management's Discussion and Analysis of Financial Condition and Results
         of Operations

         Except for  historical  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 (the "Navy I Partnership"),  Coso Energy  Developers (the "BLM
Partnership"),  and Coso  Power  Developers  the  ("Navy  II  Partnership",  and
together with the Navy I Partnership and the BLM Partnership "Coso" or the "Coso
Partnerships")  and  their  respective  management.   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 actual  results to differ  materially  from those  indicated by such
forward-looking  statements  are: (i) that the  information  is of a preliminary
nature  and may be  subject to  further  adjustment,  (ii) risks  related to the
operation  of power  plants,  (iii) the impact of  avoided  cost  pricing,  (iv)
general  operating risks,  (v) the dependence on third parties,  (vi) changes in
government regulation,  (vii) the effects of competition,  (viii) the dependence
on  senior   management,   (ix)   fluctuations  in  quarterly  results  and  (x)
seasonality.


General

         The Coso projects consist of three 80MW geothermal power plants,  which
are referred to as Navy I, BLM and Navy II, and their transmission lines, wells,
gathering  system and other  related  facilities.  The Coso projects 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. Affiliates of Caithness Corporation and
MidAmerican Energy Holdings Company,  formerly known as CalEnergy Company,  Inc.
("CalEnergy"),  formed the Coso Partnerships in the 1980s to develop, construct,
own and operate the Coso projects.  On February 25, 1999  Caithness  Acquisition
Company,  LLC,  purchased all of CalEnergy's  interests in the Coso projects for
$205.0  million in cash,  plus $5.0  million in  contingent  payments,  plus the
assumption of CalEnergy's and its affiliates'  share of debt  outstanding at the
Coso projects which then totaled approximately $67.0 million.

         Each Coso partnership  sells 100% of the electrical energy generated at
its plant to Southern  California Edison  ("Edison") under a long-term  Standard
Offer No.4 power purchase agreement. Each partnership's power purchase agreement
expires after the final  maturity date of both the 6.8% Series B Senior Secured
Notes and the 9.05% Series B Senior Secured Notes issued by Funding Corp.

         Each Coso Partnership  receives the following  payments under its power
purchase agreement:

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

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

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


                                       20


       Energy  payments  are fixed  for the first ten years of firm  operation
under each power purchase  agreement.  Firm operation was achieved for each Coso
Partnership  when Edison and that Coso  Partnership  agreed that each generating
unit at such Coso  Partnership's  plant was a reliable  source of generation and
could  reasonably be expected to operate  continuously at its effective  rating.
After the first ten years of firm operation and until a Coso Partnership's power
purchase agreement expires, Edison makes energy payments to the Coso Partnership
based on Edison's  "avoided cost of energy".  Edison's avoided cost of energy is
Edison's  cost to  generate  electricity  if Edison  were to produce  the energy
itself  or buy it from  another  power  producer  rather  than  buy it from  the
relevant  Coso  Partnership.  The  power  purchase  agreement  for  the  Navy  I
Partnership will expire in August 2011, the power purchase agreement for the BLM
Partnership  will expire March 2019,  and the power  purchase  agreement for the
Navy II  Partnership  will expire in January 2010. The fixed energy price period
in  the  power  purchase  agreement  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.

         For the three-months  ended June 30, 2000 Edison's average avoided cost
of  energy  paid to the  Coso  Partnerships  was 4.3  cents  per  kWh,  which is
substantially  below the fixed energy prices earned by the partnerships prior to
the  expiration  of the fixed energy  price  periods of their  respective  power
purchase  agreements.  It is not  possible to predict the likely level of future
avoided cost of energy prices.

         The Coso Partnerships have implemented a steam-sharing  program,  which
they established under a Coso Geothermal Exchange Agreement they entered into in
1994.  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 projects.  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 Navy
and the Bureau of Land  Management.  The Navy I  Partnership  pays a royalty for
Unit I through  reimbursement of electricity supplied to the Navy by Edison from
electricity  generated  at the Navy I  plant.  The  reimbursement  is based on a
pricing  formula that is included in the Navy  Contract.  For Units 2 and 3, the
Navy I Partnership's  royalty expense paid to the Navy is a fixed  percentage of
electricity  sales at 15% of revenue received by the Navy I Partnership  through
2003 and will increase to 20% from 2004 through 2009. The BLM Partnership pays a
10%  royalty  to the  Bureau  of Land  Management  based  on the  value of steam
produced.  The Navy II  Partnership  pays a royalty to the Navy based on a fixed
percentage  of  electricity  sales  to  Edison.  The  royalty  rate  was  10% of
electricity  sales through 1999,  and increased to 18% for 2000 through 2004 and
will  increase to 20% from 2005 through the end of the contract  term.  The Coso
Partnerships also pay other royalties, at various rates.

       Coso 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 on behalf of the Coso  Partnerships  who have jointly,
severally, and unconditionally guaranteed repayment of the senior secured notes.

       On May 28, 1999, Coso Funding Corp. issued $110.0 million of 6.80% senior
secured notes due in 2001 and $303.0  million of 9.05% senior  secured notes due
in 2009.  The proceeds from the notes were loaned to the Coso  Partnerships  and
are payable to Coso Funding Corp from  payments of principal and interest on the
notes.  Coso  Funding  Corp.  does not conduct any other  operations  apart from
issuing the notes.

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


                                       21

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 capacity 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                   Six-Months Ended
                                                        June 30                             June 30

                                                 2000            1999              2000               1999
                                                 ----            ----              ----               ----
  <S>                                          <C>              <C>                <C>              <C>

   Navy I Partnership (stand alone)
     Operating capacity factor                  109.3%            90.7%            112.5%              83.0%
     Capacity (MW) (average)                    87.42            72.53             90.03              66.41
     kWh produced (000s)                      190,991          158,271           388,907            287,412

   BLM Partnership (stand alone)
     Operating capacity factor                  108.1%           106.8%            108.5%             108.8%
     Capacity (MW) (average)                    86.50            85.40             86.78              87.06
     kWh produced (000s)                      189,023          186,547           374,881            377,603

   Navy II Partnership (stand alone)
     Operating capacity factor                  106.4%           111.9%            111.3%             112.3%
     Capacity (MW) (average)                    85.14            89.50             89.04              89.82
     kWh produced (000s)                      185,752          184,858           384,658            375,658

</TABLE>

         The Navy I  Partnership's  energy  production was 191.0 million kWh and
388.9  million  kWh  for  the  three  and   six-months   ended  June  30,  2000,
respectively,  as  compared to 158.3  million kWh and 287.4  million kWh for the
same  periods  in  1999,  increases  of 20.7%  and  35.3%,  respectively.  These
increases for the three and six-months ended June 30, 2000, were attributable to
the outage of one turbine  generator  unit  during  those  periods in 1999.  The
changes  in  energy  production  for  the BLM and  Navy  II  Partnership's  were
insignificant over the two periods.


                                     22



Results of Operations for the three and six-months ended June 30, 2000 and 1999

         The  following is a discussion of the results of operations of the Coso
Partnerships for the three and six-months ending June 30, 2000 and 1999 (dollar
amounts in tables are in thousands, except per kWh data):
<TABLE>
<CAPTION>


Revenue

                                  Three-Months           Three-Months            Six-Months            Six-Months
                                      Ended                  Ended                 Ended                  Ended
                                 June 30, 2000          June 30, 1999          June 30, 2000          June 30, 1999


                                   $      Cents/kWh      $     Cents/kWh       $     Cents/kWh      $      Cents/kWh
                                   -      ----------      -     ----------      -    ----------     -      ----------
<S>                              <C>        <C>        <C>         <C>        <C>        <C>         <C>        <C>

Total Operating Revenues
  Navy I Partnership            13,024      6.8        12,401      7.8        22,004      5.7        25,609      8.9
  BLM Partnership               11,262      6.0         6,843      3.7        18,442      4.9        28,220      7.4
  Navy II Partnership           10,939      5.9        28,060     15.2        20,727      5.4        52,697     14.0

Capacity & Capacity Bonus
Revenues
  Navy I Partnership             3,566      1.9         3,232      2.0         4,821      1.2         3,943      1.4
  BLM Partnership                3,484      1.8         3,484      1.9         4,711      1.3         4,711      1.2
  Navy II Partnership            3,504      1.9         3,504      1.9         4,738      1.2         4,738      1.3

Energy Revenues
  Navy I Partnership             9,458      5.0         9,169      5.8        17,183      4.4        21,666      7.5
  BLM Partnership                7,778      4.1         3,359      1.8        13,731      3.7        23,509      6.2
  Navy II Partnership            7,435      4.0        24,556     13.3        15,989      4.2        47,959     12.8
</TABLE>

         Total operating  revenues for the Navy I Partnership,  which consist of
capacity  payments,  capacity  bonus  payments and energy  payments,  were $13.0
million and $22.0  million  for the three and  six-months  ended June 30,  2000,
respectively,  as compared to $12.4 million and $25.6 million for the comparable
periods in 1999, an increase of 4.8% and a decrease of 14.1%, respectively.  The
Navy I Partnership  capacity and capacity  bonus  revenues were $3.6 million and
$4.8 million for the three and six-months  ended June 30, 2000,  respectively as
compared to $3.2  million and $3.9 million for the  comparable  periods in 1999,
increases  of 12.5% and 23.1%,  respectively.  The Navy I  Partnership's  energy
revenues were $9.5 million and $17.2 million for the three and six-months  ended
June 30, 2000,  respectively  as compared to $9.2 million and $21.7  million for
the  comparable  periods in 1999,  an  increase of 3.3% and a decrease of 20.7%,
respectively. The increases in operating and energy revenues for the three-month
period ended June 30, 2000, as compared to the same period in 1999,  were due to
the  increase  in average  avoided  cost of energy from 2.8 cents per kWh to 4.3
cents per kWh. The decreases in operating and energy  revenues for the six-month
period ended June 30, 2000, as compared to the same period in 1999 were due to a
reduction in steam  transfers from the Navy I Partnership to the BLM Partnership
and the Navy II Partnership.  Steam transfer  revenues for the six-month  period
ended June 30, 2000,  were $2.3 million as compared to $12.9 million  during the
same period in 1999, a decrease of $10.6 million. The decrease in steam transfer
revenues  corresponds  to the  expiration of the fixed energy price period under
the BLM and Navy II Partnerships'  power purchase  agreements.  During the first
three-months  of 1999 for the BLM Partnership and during the entire year of 1999
for the Navy II  Partnership,  both  partnerships  were  receiving  higher fixed
energy prices under their respective power purchase  agreements and were passing
along the additional  revenue to the Navy I  Partnership.  Capacity and capacity
bonus revenues for the three and six-months  ended June 30, 2000,  increased due
to the  outage of one of the Navy I units  during  most of that  period in 1999.
This outage resulted in reduced bonus revenues in 1999.

                                    23


         Total operating revenues for the BLM Partnership were $11.3 million and
$18.4 million for the three and six-months ended June 30, 2000,  respectively as
compared to $6.8 million and $28.2 million for the  comparable  periods in 1999,
an  increase  of  66.2%  and  a  decrease  of  34.8%,   respectively.   The  BLM
Partnership's  energy revenues were $7.8 million and $13.7 million for the three
and six-months ended June 30, 2000, respectively as compared to $3.4 million and
$23.5  million for the  comparable  periods in 1999, an increase of 129.4% and a
decrease of 41.7%,  respectively.  The increases in both operating  revenues and
energy  revenues for the three month period ended June 30, 2000,  as compared to
the same period in 1999 were due to the  increase in avoided cost of energy from
2.8  cents  per kWh to 4.3  cents per kWh.  The  significant  decreases  in both
operating  revenues and energy revenues for the six-month  period ended June 30,
2000, as compared to the same period in 1999,  were due to the expiration of the
fixed energy price period under the BLM Partnership's  power purchase  agreement
in March 1999 and the receipt of energy payments based on Edison's  avoided cost
of energy  since  that  time.  Until  March  1999 the BLM  Partnership  received
approximately 14.6 cents per kWh for energy delivered. Under the avoided cost of
energy formula for the current year, the BLM  Partnership  has been receiving an
average of approximately 3.7 cents per kWh for energy delivered. The decrease in
revenues due to the  reduction in energy  price has been  partially  offset by a
reduction in steam  transfer  payments to the Navy I Partnership of $4.7 million
compared to the same period in 1999. The steam transfer payments were reduced in
conjunction  with the BLM  Partnership's  expiration  of the fixed  energy price
period in March 1999.

         Total operating revenues for the Navy II Partnership were $10.9 million
and $20.7 million for the three and six-months ended June 30, 2000, respectively
as compared to $28.1  million and $52.7  million for the  comparable  periods in
1999,  decreases  of 61.2% and 60.7%,  respectively.  The Navy II  Partnership's
energy revenues were $7.4 million and $16.0 million for the three and six-months
ended June 30, 2000, respectively as compared to $24.6 million and $48.0 million
for the same periods in 1999, decreases of 69.9% and 66.7%, respectively.  These
decreases  in  operating  revenue  and  energy  revenues  for both the three and
six-months ended June 30, 2000, as compared to the same period in 1999, were due
to the  expiration  in January  2000 of the fixed  energy price period under the
Navy II  Partnership's  power  purchase  agreement  and the  receipt  of  energy
payments based on Edison's avoided cost of energy since that time. Until January
11, 2000, the Navy II Partnership received  approximately 14.6 cents per kWh for
energy delivered. Under the avoided cost of energy formula for the current year,
the Navy II Partnership has been receiving an average of approximately 3.7 cents
per kWh for energy  delivered.  Similar  decreases  are expected in the upcoming
quarters  as  the  Navy  II  Partnership  experiences  the  full  effect  of the
expiration of the fixed energy price period. The decrease in revenues due to the
reduction  in energy  price has been  partially  offset by a reduction  in steam
transfer payments to the Navy I Partnership of $6.0 million compared to the same
period in 1999. The steam transfer payments were reduced in conjunction with the
Navy II  Partnership's  expiration  of the fixed  energy price period in January
2000.


Interest and Other Income
<TABLE>
<CAPTION>

                               Three-Months          Three-Months           Six-Months            Six-Months
                                  Ended                 Ended                  Ended                Ended
                              June 30, 2000          June 30, 1999        June 30, 2000          June 30, 1999


                              $     Cents/kWh        $     Cents/kWh        $     Cents/kWh        $      Cents/kWh
                             --     ---------        -     ---------        -     ---------        -      ----------
<S>                         <C>      <C>            <C>     <C>          <C>       <C>          <C>      <C>
 Navy I Partnership          459      0.2           247      0.2           782      0.2         1,898        0.7
  BLM Partnership            366      0.2           254      0.1         5,681      1.5           450        0.1
  Navy II Partnership        873      0.5           577      0.3         1,402      0.4           883        0.2

</TABLE>

                                       24


         The Navy I  Partnership's  interest and other income were  $459,000 and
$782,000  for the three and  six-months  ended June 30,  2000,  respectively  as
compared to $247,000 and $1.9  million for the  comparable  periods in 1999,  an
increase of 85.8% and a decrease of 58.8%,  respectively.  The  increase for the
three-months  ended June 30,  2000,  as compared to the same period in 1999,  is
attributable to larger average  restricted cash balances as compared to the same
period in 1999. The decrease for the six-months ended June 30, 2000, as compared
to the same period in 1999, is due to a $1.6 million insurance recovery recorded
during the first quarter of 1999 in connection  with the shut-down of one of the
Navy I  Partnership's  turbine  generator  units.  The  Navy I  Partnership  has
recovered  $500,000 with respect to the insurance and has reserved the remaining
$1.1 million pending  resolution of the insurance claim.  The BLM  Partnership's
interest  and other  income  was  $366,000  and $5.7  million  for the three and
six-months  ended June 30,  2000,  respectively  as  compared  to  $254,000  and
$450,000  for the  comparable  periods in 1999,  increases  of $112,000 and $5.2
million, respectively. The increase for the three-months ended June 30, 2000, is
attributable to larger average  restricted cash balances as compared to the same
period in 1999. The increase for the six-months ended June 30, 2000, as compared
to the same period in 1999 was primarily due to a legal settlement of $5 million
with Dow Chemical Company paid to the BLM Partnership. The Navy II Partnership's
interest  and other  income  was  $873,000  and $1.4  million  for the three and
six-months period ending June 30, 2000, respectively as compared to $577,000 and
$883,000  for the  comparable  periods  in 1999,  increases  of 51.3% and 58.6%,
respectively.  The increases for both the three and six month periods ended June
30, 2000, as compared to the same periods in 1999  resulted from larger  average
restricted cash balances required by the senior secured notes.


Plant Operations
<TABLE>
<CAPTION>

                                 Three-Months           Three-Months            Six-Months            Six-Months
                                    Ended                  Ended                  Ended                 Ended
                                 June 30, 2000          June 30, 1999         June 30, 2000         June 30, 1999

                                 $     Cents/kWh        $     Cents/kWh       $    Cents/kWh        $       Cents/kWh
                                 -     ---------        -     ---------       -    ---------        -       ---------

<S>                           <C>         <C>        <C>        <C>        <C>        <C>         <C>        <C>
  Navy I Partnership           2,274      1.2        2,456      1.6        4,346      1.1         7,039      2.4
  BLM Partnership              2,878      1.5        3,912      2.1        5,417      1.4         9,555      2.5
  Navy II Partnership          2,540      1.4        3,117      1.7        4,645      1.2         7,605      2.0

</TABLE>


         The Navy I Partnership's  operating  expenses,  including operating and
general and administrative  expenses, were $2.3 million and $4.3 million for the
three and  six-months  ended June 30,  2000,  respectively  as  compared to $2.5
million and $7.0 million for the comparable  periods in 1999,  decreases of 8.0%
and 38.6%,  respectively.  The BLM Partnership's  operating expenses,  including
operating and general and  administrative  expenses,  were $2.9 million and $5.4
million  for the three and  six-months  ended  June 30,  2000,  respectively  as
compared to $3.9  million and $9.6 million for the  comparable  periods in 1999,
decreases of 25.6% and 43.8%, respectively.  The Navy II Partnership's operating
expenses, including operating and general and administrative expenses, were $2.5
million  and $4.6  million  for the three and  six-months  ended June 30,  2000,
respectively  as compared to $3.1  million and $7.6 million for the same periods
in 1999, decreases of 19.4% and 39.5%,  respectively.  The decreases for each of
the Coso  Partnerships  for the three and  six-months  ended June 30,  2000,  as
compared to the same periods in 1999,  were primarily due to reductions in legal
expenses as a result of a  settlement  agreement  with Edison that is subject to
California Public Utility  Commission  approval,  and reductions in operator and
management  committee fees due to the  replacement  of the Coso project's  prior
operator and managing  partner.  Operating costs (with the exception of property
taxes) were also  reduced,  as compared to the same  periods in 1999 through the
implementation  of  management's  ongoing  plan to reduce  head  count and other
operating costs.  The Coso  Partnerships  experienced a significant  increase in
property taxes in 1999 as a result of the purchase of  CalEnergy's  interests in
the  project  which led to a dispute  with the county of Inyo over the  assessed
value of the three power plants. Each partnership filed an appeal to protest the
new assessed value of the  properties  and withheld  payment of a portion of the
assessed taxes.  The Coso  Partnerships  have established a reserve for the full
amount of the withheld taxes and are continuing to work with county officials to
resolve a number of issues concerning the assessment.


                                       25

Royalty Expenses
<TABLE>
<CAPTION>

                                Three-Months             Three-Months           Six-Months            Six-Months
                                    Ended                    Ended                 Ended                Ended
                                June 30, 2000            June 30, 1999         June 30, 2000        June 30, 1999


                                   $     Cents/kWh        $     Cents/kWh       $   Cents/kWh       $     Cents/kWh
                                   -     ---------        -     ---------       -   ---------       -     ---------
<S>                             <C>        <C>        <C>         <C>        <C>      <C>        <C>        <C>
  Navy I Partnership            2,015      1.1         2,134      1.3        3,204     0.8        3,572      1.2
  BLM Partnership                 513      0.3           332      0.2          578     0.2        2,271      0.6
  Navy II Partnership           1,986      1.1         2,872      1.6        3,761     1.0        5,742      1.5

</TABLE>

         The Navy I  Partnership's  royalty  expenses were $2.0 million and $3.2
million  for the three and  six-months  ended  June 30,  2000,  respectively  as
compared to $2.1  million and $3.6 million for the  comparable  periods in 1999,
decreases of 4.8% and 11.1%, respectively. These decreases were due to decreased
steam  sharing  revenues  over the same periods in 1999.  The BLM  Partnership's
royalty  expenses were $513,000 and $578,000 for the three and six-months  ended
June 30,  2000,  respectively  as compared to $332,000  and $2.3 million for the
comparable  periods  in 1999,  an  increase  of 54.5% and a  decrease  of 74.9%,
respectively.  The increase in royalty expense for the three-month  period ended
June 30,  2000 as  compared  to the same  period  in 1999,  is due to  increased
revenues  over the same period in 1999.  The decrease for the  six-months  ended
June 30, 2000 is due to a reduction in BLM  Partnership's  revenue caused by the
expiration  of the fixed energy price period under the BLM  Partnership's  power
purchase  agreement  in March  1999 and the  receipt  of energy  payments  under
Edison's  avoided  cost of energy  since  that time.  The Navy II  Partnership's
royalty expenses were $2.0 million and $3.8 million for the three and six-months
ended June 30, 2000,  respectively  as compared to $2.9 million and $5.7 million
for the same periods in 1999, decreases of 31.0% and 33.3%, respectively.  These
decreases were due to a reduction in Navy II  Partnership's  revenues  caused by
the expiration of the fixed energy price period under the Navy II  Partnership's
power  purchase  agreement  in January  2000 and the receipt of energy  payments
under  Edison's  avoided cost of energy since that time. The decrease in royalty
expenses for the period ended June 30, 2000 were partially offset by an increase
in royalty rate.
<TABLE>
<CAPTION>


Depreciation and Amortization

                                 Three-Months           Three-Months          Six-Months           Six-Months
                                     Ended                 Ended                Ended                 Ended
                                 June 30, 2000          June 30, 1999        June 30, 2000         June 30, 1999


                                  $     Cents/kWh       $     Cents/kWh        $    Cents/kWh       $      Cents/kWh
                                  -     ---------       -     ----------       -    ----------      -      ----------
<S>                             <C>        <C>        <C>        <C>        <C>        <C>        <C>        <C>

  Navy I Partnership            2,236      1.2        2,391      1.5        4,589      1.2        4,778      1.7
  BLM Partnership               3,538      1.9        3,912      2.1        7,414      2.0        7,637      2.0
  Navy II Partnership           3,709      2.0        3,566      1.9        7,407      1.9        7,093      1.9

</TABLE>



                                       26


         The Navy I Partnership's depreciation and amortization expense was $2.2
million  and $4.6  million  for the three and  six-months  ended June 30,  2000,
respectively  as compared to $2.4  million and $4.8  million for the  comparable
periods in 1999, decreases of 8.3% and 4.2%, respectively. The BLM Partnership's
depreciation and amortization  expense was $3.5 million and $7.4 million for the
three and  six-months  ended June 30,  2000,  respectively  as  compared to $3.9
million and $7.6 million for the comparable periods in 1999,  decreases of 10.3%
and  2.6%,  respectively.  Both the Navy I and BLM  Partnership's  decreases  in
depreciation  and  amortization  expense for the three and six-months ended June
30, 2000 as  compared to the same  periods in 1999,  were  primarily  due to the
cessation of  depreciation  expense for certain  fixed assets which became fully
depreciated during 1999. The Navy II Partnership's depreciation and amortization
expense was $3.7  million and $7.4  million for the three and  six-months  ended
June 30, 2000, respectively as compared to $3.6 million and $7.1 million for the
same periods in 1999, increases of 2.8% and 4.2%, respectively.  These increases
were primarily due to an increase in capital improvements.

Interest Expense
<TABLE>
<CAPTION>

                                  Three-Months        Three-Months Ended        Six-Months            Six-Months
                                      Ended                Ended                  Ended                  Ended
                                  June 30, 2000        June 30, 1999           June 30, 2000         June 30, 1999

                                   $     Cents/kWh        $    Cents/kWh        $     Cents/kWh       $    Cents/kWh
                                   -     ---------        -    ---------        -     ---------       -    ---------

<S>                              <C>        <C>        <C>        <C>       <C>       <C>         <C>        <C>
  Navy I Partnership             3,120      1.6        1,638      1.0        6,293      1.6        2,626      0.9
  BLM Partnership                2,275      1.2        1,624      0.9        4,583      1.2        2,543      0.7
  Navy II Partnership            2,307      1.2        1,899      1.0        4,661      1.2        3,301      0.9


</TABLE>


         The Navy I  Partnership's  interest  expense was $3.1  million and $6.3
million  for the three and  six-months  ended  June 30,  2000,  respectively  as
compared to $1.6  million and $2.6 million for the  comparable  periods in 1999,
increases  of 93.8% and 142.3%,  respectively.  The BLM  Partnership's  interest
expense was $2.3  million and $4.7  million for the three and  six-months  ended
June 30, 2000, respectively as compared to $1.6 million and $2.5 million for the
comparable periods in 1999, increases of 43.8% and 84.0%, respectively. The Navy
II  Partnership's  interest  expense was $2.3  million and $4.7  million for the
three and  six-months  ended June 30,  2000,  respectively  as  compared to $1.9
million and $3.3 million for the comparable periods in 1999,  increases of 21.1%
and  42.4%,  respectively.  These  increases  were  due  to  the  allocation  of
outstanding  debt  balances  resulting  from the  $413  million  senior  secured
financing which closed on May 28, 1999.


Interest Expense - Acquisition Debt

The Navy I, BLM and Navy II Partnerships incurred interest expense - acquisition
debt of $2.0 million,  $1.4  million,  and $2.0  million,  respectively  for the
six-months  ended June 30, 1999.  This interest  expense  related to acquisition
debt in the amount of $211.5  million  incurred on February  25, 1999 to acquire
CalEnergy's interest in the Coso Partnerships.  This acquisition debt was repaid
with the proceeds of the $413.0  million  senior secured notes issued on May 28,
1999.


Costs Related to Acquisition Debt

The  Navy I,  BLM and  Navy II  Partnerships  incurred  other  expenses  of $2.0
million,  $1.5 million and $2.1 million,  respectively  for the six-months ended
June 30, 1999. These other expenses,  which consist primarily of lending,  legal
and other fees,  related to the acquisition debt in the amount of $211.5 million
incurred  on  February  25,  1999 to acquire  CalEnergy's  interest  in the Coso
Partnerships.  This  acquisition debt was repaid with the proceeds of the $413.0
million senior secured notes issued on May 28, 1999.


                                       27

Loss on early extinguishment of debt

The  Navy  I,  BLM  and  Navy  II  Partnerships  recorded  a loss  on the  early
extinguishment  of their  previous  debt in the  amounts of $2.4  million,  $1.8
million and $2.1 million,  respectively  for the six-months ended June 30, 1999.
This loss was due to premium  and other  costs  incurred  to repay the  existing
project debt of the Coso Partnerships  before its scheduled maturity date. These
costs included  tender premiums paid to the holders of the previous debt and the
write off of the remaining  balance of deferred  financing  costs related to the
issuance of the previous debt. The previous debt was repaid with the proceeds of
the $413.0 million senior secured notes issued on May 28, 1999.


Liquidity and Capital Resources

         Each of the Coso  Partnerships  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 development
costs, distributions to partners and payments with respect to the project debt.

         The  following  table sets  forth a summary of each Coso  Partnership's
cash flows for the six-months ended June 30, 2000 and June 30, 1999.
<TABLE>
<CAPTION>

                                                                       Six-Months           Six-Months
                                                                         Ended                Ended
                                                                     June 30, 2000        June 30, 1999
<S>                                                                  <C>                 <C>

Navy I Partnership (stand alone)
  Net cash provided by operating activities                           $   4,071            $   9,308
  Net cash provided by (used in) investing activities                     1,777              (21,732)
  Net cash provided by (used in) financing activities                   (10,048)              15,473
                                                                        -------              -------
      Net change in cash and cash equivalents                         $  (4,200)           $   3,049
                                                                        =======              =======

BLM Partnership (stand alone)
  Net cash provided by operating activities                           $  10,384            $  19,177
  Net cash provided by (used in) investing activities                     2,406              (15,360)
  Net cash provided by (used in) financing activities                    (5,182)               4,336
                                                                        -------              -------
      Net change in cash and cash equivalents                         $   7,608            $   8,153
                                                                        =======              =======

Navy II Partnership (stand alone)
  Net cash provided by operating activities                           $  16,999            $  28,957
  Net cash provided by (used in) investing activities                    42,508              (20,574)
  Net cash provided by (used in) financing activities                   (49,616)               3,841
                                                                        -------              -------
      Net change in cash and cash equivalents                         $   9,891            $  12,224
                                                                        =======              =======

</TABLE>

         The Navy I Partnership's cash flows from operating activities decreased
by $5.2 million for the  six-months  ended June 30, 2000 as compared to June 30,
1999,  primarily  due to  financing  costs  associated  with the short term debt
obtained  to  complete  the  purchase  of  CalEnergy's  interest  in the  Navy I
Partnership during the six-month period ended June 30, 1999.




                                      28


        Cash used in investing  activities at the Navy I Partnership  decreased
by $23.5 million for the six- months ended June 30, 2000 as compared to June 30,
1999,  primarily due to the use of restricted  cash for repayment of the project
loan.

         The Navy I Partnership's cash flows from financing activities decreased
by $25.5 million for the  six-months  ended June 30, 2000 as compared to June 30
1999, primarily due to repayment of the project loan during the six-month period
ended June 30,  2000 offset by an  increase  in the  project  loan from  Funding
Corp.,  decreased by distributions  made to partners during the six-month period
ended June 30, 1999.

         The BLM Partnership's cash flows from operating activities decreased by
$8.8  million  for the  six-months  ended June 30,  2000 as compared to June 30,
1999,  primarily  due to  financing  costs  associated  with the short term debt
obtained to complete the purchase of CalEnergy's interest in the BLM Partnership
and a reduction in trade  receivables  resulting from the switch to avoided cost
of energy from fixed energy prices  during the  six-month  period ended June 30,
1999.

         Cash used in investing  activities at the BLM Partnership  decreased by
$17.8  million for the six-months  ended June 30, 2000 as compared to June 30,
1999,  primarily due to the use of restricted  cash for repayment of the project
loan.

         The BLM Partnership's cash flows from financing activities decreased by
$9.5  million  for the six-months  ended June 30, 2000 as compared to June 30,
1999, primarily due to repayment of the project loan during the six-month period
ended June 30,  2000 offset by an  increase  in the  project  loan from  Funding
Corp.,  decreased by distributions  made to partners during the six-month period
ended June 30, 1999.

         The  Navy  II  Partnership's  cash  flows  from  operating   activities
decreased by $12.0 million for the six-months ended June 30, 2000 as compared to
June 30, 1999,  primarily due to financing costs  associated with the short term
debt  obtained to complete the purchase of  CalEnergy's  interest in the Navy II
Partnership  during that period in 1999, and a reduction in net income caused by
the  expiration,  in early  January 2000, of the fixed energy price period under
the Navy II  Partnership's  power  purchase  agreement and the receipt of energy
payments based on Edison's  avoided cost of energy since that time. The decrease
in cash flow was partially offset by an increase in accounts receivable.

         Cash  used  in  investing  activities  at  the  Navy  II  Partnership's
decreased by $63.1 million for the six-months ended June 30, 2000 as compared to
June 30, 1999,  primarily due to the use of restricted cash for repayment of the
project loan.

         The  Navy  II  Partnership's  cash  flows  from  financing   activities
decreased by $53.5 million for the six-months ended June 30, 2000 as compared to
June 30,  1999,  primarily  due to  repayment  of the  project  loan  during the
six-month  period  ended June 30, 2000 offset by an increase in the project loan
from Funding  Corp.,  decreased  by  distributions  made to partners  during the
six-month period ended June 30, 1999.


Year 2000

         In 1999, the Coso  Partnership's  developed a plan to identify,  assess
and  remediate  "Year 2000"  issues  within each of their  significant  computer
programs and certain  machinery and equipment.  The Coso  Partnerships  have not
experienced  disruptions to their  financial or operating  activities  caused by
failure of  computerized  systems from Year 2000 issues.  In addition,  the Coso
Partnerships have not experienced disruptions to operations caused by failure of
computerized systems of suppliers or customers from Year 2000 issues. Management
of the Coso  Partnerships  do not  expect  Year 2000  issues to have a  material
adverse effect on their power plant's operations or financial results in 2000.


                                       29


PART II.  OTHER INFORMATION


ITEM 1.  Legal Proceedings

General

          The Coso Partnerships are currently  parties to various  minor items
of litigation, 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.

ITEM 5.  Other information

                  None

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

(b)      Reports on Form 8-K

                  None





                                      30
<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 qualified 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 filed period?
                     Yes     X No
                  ---       ---

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

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

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

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   6  - MOS
                                        -- ----        --- ----
                                           X YEAR           YEAR
                                          ---            ---
                                        (For annual report filings)
                                             OTHER          OTHER
                                          ---            ---
FISCAL YEAR END
(example: DEC-31-1997)                   DEC-31-1999             DEC-31-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy

PERIOD START
(example: JAN-01-1997)                   JAN-01-1999             JAN-01-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy
PERIOD END
(example: SEP-30-1997)                   DEC-31-1999             JUN-30-2000
                                         -----------             -----------
                                         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:  6-M0S
                                                             ----                          ------
<S>                                                                  <C>                    <C>
CASH                                                                  0                             0
SECURITIES                                                            0                             0
RECEIVABLES                                                     414,392                       349,423
ALLOWANCES                                                            0                             0
INVENTORY                                                             0                             0
CURRENT ASSETS                                                    1,392                         1,269
PP&E                                                                  0                             0
DEPRECIATION                                                          0                             0
TOTAL ASSETS                                                    414,392                       349,423
CURRENT LIABILITIES                                               1,392                         1,269
BONDS                                                           413,000                       348,154
PREFERRED MANDATORY                                                   0                             0
PREFERRED                                                             0                             0
COMMON                                                                0                             0
OTHER SE                                                              0                             0
TOTAL LIABILITY AND EQUITY                                      414,392                       349,423
SALES                                                                 0                             0
TOTAL REVENUES                                                   20,491                        16,929
CGS                                                                   0                             0
TOTAL COSTS                                                           0                             0
OTHER EXPENSES                                                        0                             0
LOSS PROVISION                                                        0                             0
INTEREST EXPENSE                                                 20,491                        16,929
 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
                                            ----------------------
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 qualified 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 filed period?
                     Yes     X No
                  ---       ---

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

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

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

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   6  - MOS
                                        -- ----        --- ----
                                           X YEAR           YEAR
                                          ---            ---
                                        (For annual report filings)
                                             OTHER          OTHER
                                          ---            ---
FISCAL YEAR END
(example: DEC-31-1997)                   DEC-31-1999             DEC-31-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy

PERIOD START
(example: JAN-01-1997)                   JAN-01-1999             JAN-01-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy
PERIOD END
(example: SEP-30-1997)                   DEC-31-1999             JUN-30-2000
                                         -----------             -----------
                                         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: 6- MOS
<S>                                                              <C>                          <C>
CASH                                                              7,821                         3,621
SECURITIES                                                       25,001                        20,532
RECEIVABLES                                                       9,662                        13,302
ALLOWANCE                                                             0                             0
INVENTORY                                                             0                             0
CURRENT ASSETS                                                   17,483                        16,970
PP&E                                                            225,157                       227,825
DEPRECIATION                                                     71,278                        75,268
TOTAL ASSETS                                                    217,712                       210,633
CURRENT LIABILITIES                                              16,800                        15,674
BONDS                                                           151,550                       141,502
PREFERRED MANDATORY                                                   0                             0
PREFERRED                                                             0                             0
COMMON                                                                0                             0
OTHER SE                                                              0                             0
TOTAL LIABILITY AND EQUITY                                      217,712                       210,633
SALES                                                            55,666                        22,004
TOTAL REVENUES                                                   57,442                        22,786
CGS                                                                   0                             0
TOTAL COSTS                                                           0                             0
OTHER EXPENSES                                                   31,671                        12,139
LOSS PROVISION                                                        0                             0
INTEREST EXPENSE                                                 13,575                         6,552
INCOME PRETAX                                                         0                             0
INCOME TAX                                                            0                             0
INCOME CONTINUING                                                     0                             0
DISCONTINUED                                                          0                             0
EXTRAORDINARY                                                     2,375                             0
CHANGES                                                               0                             0
NET INCOME                                                        9,821                         4,095
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 qualified 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 filed period?
                     Yes     X No
                  ---       ---

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

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

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

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   6  - MOS
                                        -- ----        --- ----
                                           X YEAR           YEAR
                                          ---            ---
                                        (For annual report filings)
                                             OTHER          OTHER
                                          ---            ---
FISCAL YEAR END
(example: DEC-31-1997)                   DEC-31-1999             DEC-31-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy

PERIOD START
(example: JAN-01-1997)                   JAN-01-1999             JAN-01-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy
PERIOD END
(example: SEP-30-1997)                   DEC-31-1999             JUN-30-2000
                                         -----------             -----------
                                         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 6- MOS

<S>                                                             <C>                            <C>
CASH                                                              6,423                        14,031
SECURITIES                                                        9,806                         5,979
RECEIVABLES                                                       6,856                        10,897
ALLOWANCE                                                             0                             0
INVENTORY                                                             0                             0
CURRENT ASSETS                                                   13,379                        25,076
PP&E                                                            237,183                       237,781
DEPRECIATION                                                     71,533                        77,620
TOTAL ASSETS                                                    216,391                       218,160
CURRENT LIABILITIES                                              29,141                        30,120
BONDS                                                           107,900                       102,718
PREFERRED MANDATORY                                                   0                             0
PREFERRED                                                             0                             0
COMMON                                                                0                             0
OTHER SE                                                              0                             0
TOTAL LIABILITY AND EQUITY                                      216,391                       218,160
SALES                                                            49,877                        18,442
TOTAL REVENUES                                                   50,943                        24,123
CGS                                                                   0                             0
TOTAL COSTS                                                           0                             0
OTHER EXPENSES                                                   38,534                        13,409
LOSS PROVISION                                                        0                             0
INTEREST EXPENSE                                                 10,235                         4,742
INCOME PRETAX                                                         0                             0
INCOME TAX                                                            0                             0
INCOME CONTINUING                                                     0                             0
DISCONTINUED                                                          0                             0
EXTRAORDINARY                                                     1,822                             0
CHANGES                                                               0                             0
NET INCOME                                                          352                         5,972
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
                                            ----------------------
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 qualified 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 filed period?
                     Yes     X No
                  ---       ---

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

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

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

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   6  - MOS
                                        -- ----        --- ----
                                           X YEAR           YEAR
                                          ---            ---
                                        (For annual report filings)
                                             OTHER          OTHER
                                          ---            ---
FISCAL YEAR END
(example: DEC-31-1997)                   DEC-31-1999             DEC-31-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy

PERIOD START
(example: JAN-01-1997)                   JAN-01-1999             JAN-01-2000
                                         -----------             -----------
                                         mmm-dd-yyyy             mmm-dd-yyyy
PERIOD END
(example: SEP-30-1997)                   DEC-31-1999             JUN-30-2000
                                         -----------             -----------
                                         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: Year
<S>                                                             <C>                            <C>

CASH                                                              6,020                        15,911
SECURITIES                                                       54,338                        11,688
RECEIVABLES                                                      27,598                        17,904
ALLOWANCE                                                             0                             0
INVENTORY                                                             0                             0
CURRENT ASSETS                                                   33,618                        33,861
PP&E                                                            208,048                       208,367
DEPRECIATION                                                     60,526                        66,712
TOTAL ASSETS                                                    273,269                       223,289
CURRENT LIABILITIES                                              15,388                        13,754
BONDS                                                           153,550                       103,934
PREFERRED MANDATORY                                                   0                             0
PREFERRED                                                             0                             0
COMMON                                                                0                             0
OTHER SE                                                              0                             0
TOTAL LIABILITY AND EQUITY                                      273,269                       223,289
SALES                                                           113,746                        20,727
TOTAL REVENUES                                                  115,920                        22,129
CGS                                                                   0                             0
TOTAL COSTS                                                           0                             0
OTHER EXPENSES                                                   43,577                        15,813
LOSS PROVISION                                                        0                             0
INTEREST EXPENSE                                                 13,991                         5,046
INCOME PRETAX                                                         0                             0
INCOME TAX                                                            0                             0
INCOME CONTINUING                                                     0                             0
DISCONTINUED                                                          0                             0
EXTRAORDINARY                                                     2,147                             0
CHANGES                                                               0                             0
NET INCOME                                                       56,205                         1,270
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>
                                   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.

Date:  August 4, 2000                     COSO ENERGY DEVELOPERS,
                                          a California general partnership

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

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