Lincoln Power debtors report $1.13 million operating loss for August

By Sarah Lizee

Olympia, Wash., Sept. 21 – Lincoln Power, LLC and affiliated debtors reported a $1.13 million loss from operations for August on $3.65 million of net total operating revenues, according to their monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the debtors reported a $377,476 income from operations for July on $5.17 million of net total operating revenues.

The net loss for August was $2.39 million, compared to a net loss of $2.42 million in July.

The debtors had $1.82 million in cash and cash equivalents at the end of August, down from $2.73 million at the end of July.

The Charlotte, N.C.-based power company owns two gas-fired power-generation facilities in Illinois. The company filed Chapter 11 bankruptcy on March 31 under case number 23-10382.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.