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Lincoln Power debtors report $342,030 operating loss for October
By Sarah Lizee
Olympia, Wash., Nov. 21 – Lincoln Power, LLC and affiliated debtors reported a $342,030 loss from operations for October on $3.18 million of net total operating revenues, according to their monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The net loss for October was $2.38 million.
The debtors had $6.17 million in cash and cash equivalents at the end of October.
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, 2023 under case number 23-10382.
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