Lincoln Power debtors report $377,476 operating income for July

By Sarah Lizee

Olympia, Wash., Aug. 22 – Lincoln Power, LLC and affiliated debtors reported a $377,476 income from operations for June on $5.17 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.

To compare, the debtors reported a $1.4 million loss from operations for June on $1.72 million of net total operating revenues.

The net loss for July was $2.42 million, compared to a net loss of $5.6 million in June.

The debtors had $2.73 million in cash and cash equivalents at the end of July, down from $6.31 million 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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