Hallador Energy Signs Six-Year Merom Power Agreements With MISO Utility
MT newswire2026/10/08 11:1707:17 AM EDT, 10/08/2026 (MT Newswires) -- Hallador Energy (HNRG) unit Hallador Power has signed six-year capacity and energy agreements with an investment-grade MISO Zone 6 utility for Merom Generating Station deliveries from June 2029 to May 2035, the company said Thursday. The capacity agreement stipulates that the utility will purchase 225 megawatts of average annual capacity for $271 million in capacity revenue, while the energy agreement is estimated to generate $422 million based on current forward prices, the company said. The contracts raise Hallador's total forward sales book to $3 billion and bring about 95% of Merom's accredited capacity under contract through 2035. Contracted capacity and energy revenue is expected to rise from $46 per megawatt-hour in 2026 to $73 per MWh in 2030, it added. Shares of Hallador Energy were up 6% in recent Thursday premarket activity.
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