Bonneville Pacific Corp. Meets With CIBC Oppenheimer, Financial Advisor.

SALT LAKE CITY--(BUSINESS WIRE)--March 8, 1999--Bonneville Pacific Corp. (OTC BB: BPCO) Monday announced that its board of directors has met with representatives of New York based CIBC Oppenheimer Corp., which was recently appointed as the company's financial advisor.

CIBC Oppenheimer was retained to assist the company in defining strategic and financial alternatives relating to the company's power generation operations and its natural gas and oil production and sales.

CIBC Oppenheimer has developed a preliminary financial analysis of the company's operations and potential valuations of the company under a variety of alternative strategies.

Strategies being considered by the company's board of directors include, but are not limited to, the continued operation of the company's existing subsidiaries, the sale of some of the assets or operations of the company or the sale of entire company.

As part of the consideration of alternative strategies, CIBC Oppenheimer will solicit bids from interested parties for some or all of the operations of the company. The ultimate strategy adopted by the company will be at the sole discretion of the board of directors after the board and CIBC have evaluated the results of the bidding process.