SECURITIES AND EXCHANGE COMMISSION
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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) August 26, 1998
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BONNEVILLE PACIFIC CORPORATION
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(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 Confirmation of its Chapter 11 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
By: Roger G. Segal, Chapter 11 Trustee
DATED August 26, 1998
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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
By: R. Stephen Blackham, Assistant Controller
DATED August 26, 1998
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INDEX TO EXHIBITS
Exhibit Page No.
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28.1 Press Release . . . . . . . . . . . . . . . . . . . . . . 4
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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, Fax (801) 355-1813
For Immediate Release
Date: August 26, 1998
Contact: Roger G. Segal, Trustee
Phone: (801) 532-2666
Fax: (801) 355-1813
BONNEVILLE PACIFIC CORPORATION ANNOUNCES
CONFIRMATION OF ITS CHAPTER 11
PLAN OF REORGANIZATION
Salt Lake City, Utah, August 26, 1998:
Roger G. Segal, as the Chapter 11 Bankruptcy Trustee for Bonneville
Pacific Corporation (BPCO), announced today that the United States Bankruptcy
Court for the District of Utah (the Honorable John H. Allen presiding)
confirmed the Trustee's Amended Chapter 11 Plan for the Estate of Bonneville
Pacific Corporation Dated April 22, 1998 (the "Plan"). For purposes of the
Plan, the Bankruptcy Court estimated that the value of the common stock to be
issued to creditors pursuant to the Plan is approximately $2.36 per share
before the intended one-for-four reverse stock split. The Trustee currently
estimates that the effective date for the Plan will be approximately
November 2, 1998. If the Plan becomes effective, then Bonneville Pacific
Corporation will emerge from its Chapter 11 bankruptcy as a solvent,
financially rehabilitated company and the Trustee will turn over control of
the reorganized Bonneville Pacific Corporation to the company's seven (7)
person board of directors designated by the Trustee.