AES Eastern Energy reports $5.93 million February net loss; sales fall

By Caroline Salls

Pittsburgh, March 30 - AES Eastern Energy, LP reported a$5.93 million net loss for February on $6.62 million in net revenues, according to its monthly operating report filed on March 30 with the U.S. Bankruptcy Court for the District of Delaware.

The figures showed a decline from the $3 million net loss posted for January on $10.9 million in net revenues.

The company reported cash and cash equivalents of $27.4 million as of Feb. 29, up from $26.1 million at the end of January.

AES Eastern Energy, which operates more than 1,000 megawatts of capacity at four facilities in New York, filed for bankruptcy on Jan. 3. Its Chapter 11 case number is 11-14138.

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