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La Paloma Generating records $8.17 million operating loss for April
By Caroline Salls
Pittsburgh, June 1 – La Paloma Generating Co., LLC reported an operating loss of $8.17 million for April on $4.1 million in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, La Paloma posted a $2.21 million operating loss for March on $3.82 million in total revenue.
April’s net loss was $8.16 million, wider than March’s $4.30 million figure.
The company had $29.95 million in cash and cash equivalents as of April 30.
La Paloma is a 1,022 MW combined-cycle gas-fired power plant located in Kern, Calif. The company filed bankruptcy on Dec. 6 under Chapter 11 case number 16-12700.
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