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Former Footprint Power records $7.47 million net loss for October
Chicago, Nov. 22 – Salem Harbor Power Development LP, formerly Footprint Power Salem Harbor Development LP, reported a $7.47 million loss on $4.25 million of gross income or sales for October, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company reported a $6.3 million net loss on $6.28 million of gross income or sales for September.
The cash balance at the end of October was $42.97 million, down from $47.56 million at the end of September.
The Salem, Mass.-based power plant operator filed bankruptcy on March 23, 2022 under Chapter 11 case number 22-10239.
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