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;







[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





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).