TYPE: NT 10-K
SEQUENCE: 1
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING SEC File Number 0-14846
[x ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 10-Q and Form 10-QSB [ ]
Form N-SAR
For Period Ended: December 31, 1998 [x] Transition Report on Form 10-Q [ ]
Transition Report on Form 10-K [ ] Transition Report on Form N-SAR
Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ]
For the Transition Period Ended:_________________
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I - Registrant Information
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Full Name of Registrant: Bonneville Pacific Corporation
Former Name if applicable:
Address of Principal Executive Office:
50 West 300 South, Suite 300
Salt Lake City, Utah 84101
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Part II - Rules 12b-25(b) and (c)
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If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed.
[ ] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
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[x] (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by Rule 12b- 25(c)
has been attached if applicable.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
The Company was in a Chapter 11 Bankruptcy Proceeding from 1991 to
November 2, 1998. Pursuant to a No Action Letter dated April 9, 1992 issued by
the Securities and Exchange Commission ("SEC") and pursuant to SEC Staff Legal
Bulletin No. 2, the Company did not file its Form 10-K and 10-Q reports and did
not audit its financial statements, for the years ended 1992-1997. A new Board
of Directors was appointed on November 2, 1998 in connection with the effective
date of the Company's Plan of Reorganization.
The new Board appointed Hein + Associates as the Company's auditor for the
year ended December 31, 1998.
As the result of the termination of the Bankruptcy Proceeding, the
appointment of a new Board of Directors, the appointment of an auditor for
fiscal 1998 and the preparation of the Company's first 10-K since 1991, the
Company requires additional time to complete its first post-bankruptcy Form
10-K.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification:
Mr. Clark Mower, President
BONNEVILLE PACIFIC CORPORATION 50 West 300 South, Suite 300 Salt Lake
City, Utah 84101 (801)363-2520
(2) Have all other periodic reports required under section 13 or 15(d) of
the Securities
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Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during
the preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If the answer is no, identify
report(s).
[x] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[ ] Yes [X ] No Presently unknown.
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Bonneville Pacific Corporation has caused this notification to be signed on
its behalf by the undersigned thereunto duly authorized.
Date: March 31, 1999 By: /s/ Clark Mower
Clark Mower
President
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
