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.