SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date Report (Date of earliest event reported) April 22, 1998
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BONNEVILLE PACIFIC CORPORATION
(Exact name of registrant as specified in charter)
Delaware 0-14846 87-0363215
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(State or other (Commission (IRA Employer
jurisdiction of File Number) Identification No.)
incorporation)
50 West 300 South, Suite 300, Salt Lake City, Utah 84101
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (801) 363-2520
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(Former name or former address, if changed since last report) Not applicable
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Item 5. Other Events.
Press Release - Chapter 11 Trustee for Bonneville Pacific Corporation
Announces Filing of Proposed Plan of Reorganization.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
/s/ Roger G. Segal
By: Roger G. Segal, Chapter 11 Trustee
DATED April 22, 1998
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused its report to be signed on its behalf by the
undersigned thereunto duly authorized.
BONNEVILLE PACIFIC CORPORATION
/s/ R. Stephen Blackham
By: R. Stephen Blackham, Assistant Controller
DATED April 22, 1998
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INDEX TO EXHIBITS
Exhibit Page No.
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28.1 Press Release . . . . . . . . . . . . . . . . 4
<PAGE>
PRESS RELEASE
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Roger G. Segal, Chapter 11 Trustee,
P.O. Box 11008, Salt Lake City, Utah 84147-0008
(801)532-2666, (801)355-1813
For Immediate Release
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Date: April 22, 1998
Contact: Roger G. Segal, Trustee
Phone: (801) 532-2666
Fax: (801) 355-1813
CHAPTER 11 TRUSTEE FOR BONNEVILLE PACIFIC
CORPORATION ANNOUNCES FILING OF PROPOSED PLAN OF
REORGANIZATION
SALT LAKE CITY, UTAH, APRIL 22, 1998:
Roger G. Segal, as the Chapter 11 Bankruptcy Trustee for Bonneville
Pacific Corporation (BPCO), announced today that he has filed a proposed
Chapter 11 plan of reorganization for BPCO along with a proposed disclosure
statement. The Trustee's proposed plan, disclosure statement and related
documents (including exhibits) total almost six hundred (600) pages in length
and therefore such pleadings must be read in their entirety for all the
details of the Trustee's proposed Chapter 11 plan for BPCO.
Generally, the terms of the Trustee's proposed plan are consistent with
the terms of a conditional settlement (as set forth in the "Conditional
Letter Agreement") between the Trustee and certain creditors of BPCO which
Conditional Letter Agreement was executed on December 31, 1997 and was the
subject of a press release by the Trustee on that date. The Trustee's
proposed disclosure statement includes, among other things, a lengthy
discussion concerning BPCO's liabilities and the estimated value of BPCO's
assets.
The United States Bankruptcy Court for the District of Utah has NOT
approved the adequacy of the Trustee's proposed disclosure statement; a
hearing before the Bankruptcy Court on the adequacy of the proposed
disclosure statement is scheduled for June 3, 1998. Unless the Bankruptcy
Court approves the adequacy of the proposed disclosure statement, no party-in-
interest may solicit the acceptance or rejection of the Trustee's plan of
reorganization. If the Bankruptcy Court approves the adequacy of the
disclosure statement, then impaired creditors will have the opportunity to
vote to accept or reject the Trustee's proposed plan and all parties-in-
interest will have the opportunity to object to the confirmation of the
Trustee's proposed plan. Thereafter, the Bankruptcy Court will consider
whether to confirm the plan. No plan can become effective unless it is
confirmed by an order of the Bankruptcy Court.
