---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024532"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:07:07.081049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-024532
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000143774922024532/0001437749-22-024532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000143774922024532/hnrg20221017_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024532
- JSON: https://secwatch.observer/filing/0001437749-22-024532.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024532.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.