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Dynegy Holdings posts $736 million loss from operations for March
By Lisa Kerner
Charlotte, N.C., April 27 - Dynegy Holdings, LLC reported a $736.52 million loss from operations for March on zero revenues, according to its monthly operating report filed April 27 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, Dynegy posted $23.5 million net loss for February, also on zero revenues.
The company also reported cash and cash equivalents of $19.83 million as of March 31, down from $24.39 million at the end of February.
Dynegy Holdings and four subsidiaries filed for bankruptcy on Nov. 7 in the U.S. Bankruptcy Court for the Southern District of New York. The Chapter 11 case number is 11-38111.
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