Hallador signs six-year power deal with Duke Energy Indiana for $271M in credits

Hallador Power, a wholly owned subsidiary, entered into two binding agreements with Duke Energy Indiana: a power purchase agreement for 200 MW from Merom Station (June 2029–May 2035) and an agreement to sell approximately 225 zonal resource credits per day, with Duke Energy Indiana committing approximately $271 million in payments over the six-year term. This multi-year contract with a major counterparty represents material revenue visibility for a substantial portion of the Merom Station's output, though deliveries are unit-contingent and Duke can reduce purchases, and the deal doesn't commen

Hallador Energy signed a six-year deal where Duke Energy Indiana will buy electricity and capacity credits from its Merom power plant starting in 2029, with Duke paying approximately $271 million total for the capacity credits. This locks in stable revenue but the payment doesn't begin for nearly three years.