Sundevil Power Holdings posts $12.42 million loss for April

By Caroline Salls

Pittsburgh, May 31 – Sundevil Power Holdings, LLC reported a $12.42 million net loss for April on negative $46,870 in net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Sundevil posted a $6.65 million net loss for March on $4,936 in net revenue.

The company had $2.97 million in unrestricted cash and cash equivalents as of April 30, up from $895,127 at the end of April.

Wayzata, Minn.-based Sundevil Power operates gas-fired power plants in Gila Bend, Ariz. The company filed bankruptcy on Feb. 11 under Chapter 11 case number 16-10369.

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