11/19/1999 09:15 AM Senate MER

         JOINT SPECIAL COMMITTEE ON MERGERS                                                                                     
                 November 19, 1999                                                                                              
                     9:15 A.M.                                                                                                  
                                                                                                                                
MEMBERS PRESENT                                                                                                                 
                                                                                                                                
Senator Rick Halford, Chairman                                                                                                  
Representative Joe Green, Vice-Chairman                                                                                         
Representative Beth Kerttula                                                                                                    
                                                                                                                                
MEMBERS ABSENT                                                                                                                  
                                                                                                                                
Senator Johnny Ellis                                                                                                            
Senator Drue Pearce                                                                                                             
Representative Brian Porter                                                                                                     
Representative Jim Whitaker                                                                                                     
                                                                                                                                
COMMITTEE CALENDAR                                                                                                              
                                                                                                                                
Discussion of BP Amoco ARCO merger                                                                                              
                                                                                                                                
PREVIOUS ACTION                                                                                                                 
                                                                                                                                
See the Joint Special Committee on Mergers minutes dated 6/11/99,                                                               
7/28/99, 9/24/99, 9/25/99 and 11/18/99.                                                                                         
                                                                                                                                
WITNESS REGISTER                                                                                                                
                                                                                                                                
Mr. Jerry Brookman                                                                                                              
715 Muir Ave.                                                                                                                   
Kenai, AK 99611                                                                                                                 
POSITION STATEMENT: Commented on the merger.                                                                                    
                                                                                                                                
Mr. Randy Daly                                                                                                                  
100 Deepwood Ct.                                                                                                                
Kenai, AK 99611                                                                                                                 
POSITION STATEMENT: Supported the merger.                                                                                       
                                                                                                                                
Mr. Dan Ungrue                                                                                                                  
P.O. Box 1427                                                                                                                   
Kenai, AK 99611                                                                                                                 
POSITION STATEMENT: Supported the merger.                                                                                       
                                                                                                                                
ACTION NARRATIVE                                                                                                                
                                                                                                                                
TAPE 99-13, SIDE A                                                                                                              
Number 001                                                                                                                      
                                                                                                                                
CHAIRMAN HALFORD called the Joint Special Committee on Mergers                                                                  
meeting to order at 9:15 a.m.                                                                                                   
                                                                                                                                
MR. JERRY BROOKMAN, Kenai, encouraged the Committee to thoroughly                                                               
review the merger and to have a special session.                                                                                
                                                                                                                                
MR. RANDY DALY, Kenai, said he thought it was in the State's best                                                               
interest to allow the merger to go forward.  He understands what it                                                             
takes to be in business and he understands the need to streamline                                                               
production and decrease costs.  It's time for Alaska to get back                                                                
into the business of being a productive economy.  The Governor has                                                              
done a good job in protecting Alaskan interests and thought if the                                                              
merger does not move forward, it will start to affect the Permanent                                                             
Fund.  We need to get Alaskans back to work.                                                                                    
                                                                                                                                
MR. DAN UNGRUE, Kenai, said we should let BP run the business and                                                               
the State would be much better off for it.  We would get a lot more                                                             
revenues and get the gas pipeline going.                                                                                        
                                                                                                                                
CHAIRMAN HALFORD asked for further testimony, but there was none.                                                               
He announced the Committee would confer with the legal                                                                          
representatives and make a report.                                                                                              
                                                                                                                                
CHAIRMAN HALFORD adjourned the meeting at 9:30 A.M.