Hallador Energy Enters Six-Year, $700M Capacity And Energy Agreements With A MISO Zone 6 Utility Covering Deliveries From The Merom Generating Station From June 1, 2029, Through May 31, 2035; Revenue Jumps from $46/MWh For 2026 To $75/MWh For 2031-2035

Hallador Energy has entered into six-year capacity and energy agreements worth $700 million with a MISO Zone 6 utility, covering deliveries from the Merom Generating Station from June 1, 2029, to May 31, 2035. The capacity agreement, priced at the highest level to date, will generate approximately $271 million in capacity revenue, while the energy agreement is expected to yield around $422 million. These agreements increase Hallador's total forward sales book to $3 billion and secure approximately 95% of Merom's accredited capacity through 2035. Additionally, the company is advancing its Turtle Creek natural gas project, which would expand its generating capacity by over 40%.