A final plan is in place to distribute millions of dollars to investors of Bonneville Pacific, an alternative energy company that fell into bankruptcy nearly seven years ago.

Several proposed class-action lawsuits filed by investors, accusing Bonneville Pacific officers and others of artificially inflating the value of the firm's stock, had been consolidated into one case.Lawyers for the stockholders have collected $26.7 million plus interest from the company's insiders, attorneys, accountants and Portland General, which had been acquiring Bonneville Pacific, which developed electric co-generation projects.

On Friday, U.S. District Judge David Sam hailed the stockholders' lawyers for their "considerable achievement," as he affirmed the fifth and last settlement - $1.8 million from Chicago law firm Mayer Brown & Platt. Sam also approved a final distribution plan.

The judge agreed to payment of 30 percent of each settlement to the lawyers for their fees, plus expenses, for a total of approximately $9.3 million and unspecified interest.

Earlier last week, U.S. Bankruptcy Judge John H. Allen signed off on Bonneville Pacific's plan to emerge from bankruptcy. Payments to creditors - which include thousands of investors who filed claims - are expected to be made within about 60 days.

Payment of the lawsuit settlement funds will take about six months, estimated San Diego attorney Keith Park, representing investors.

"We're almost at the end of a pretty long road here," Park told the judge.

Claim forms have been sent to approximately 12,000 investors who purchased Bonneville Pacific stock or bonds between Aug. 15, 1986, and Nov. 12, 1991. Investors can claim reimbursement for any net losses.

Bonneville Pacific principals were indicted for fraud and some served jail time. The case against attorney David Hirschi, the final remaining defendant, remains pending.

The company's principals included Salt Lake City Mayor Deedee Corradini.