Lincoln Power reports $1.4 million operating loss for June

By Sarah Lizee

Olympia, Wash., July 21 – Lincoln Power, LLC and affiliated debtors reported a $1.4 million loss from operations for June on $1.72 million of net total operating revenues, according to their monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss for the period was $5.6 million.

The debtors had $6.31 million in cash and cash equivalents at the end of June.

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.

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