Hallador completes acquisition of 1-GW Merom Generating Station from Hoosier Energy

HALLADOR ENERGY CO

Assumed decommissioning & environmental liabilities with estimated cost of $20M.
Will purchase ~$17M in coal inventory; initial payment of $5.4M plus periodic payments.
3.5-year PPA: Hoosier buys 100% of output through May 2023, then 22% energy/32% capacity through 2025.
Existing renewable PPA (150 MW solar, 50 MW battery) retained, start delayed until Merom retirement.
Acquisition preserves 100+ jobs; CEO calls it a diversified earnings platform.

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