Hallador energy company, hoosier energy announce agreement to transfer ownership of merom generating station, multiyear ppa

Terre haute & bloomington, ind., feb. 15, 2022 (globe newswire) -- hallador energy company (nasdaq – hnrg), through its new subsidiary hallador power company, llc, will acquire hoosier energy's 1-gigawatt merom generating station, located in sullivan county, indiana, in return for assuming certain decommissioning costs and environmental responsibilities. the transaction, which includes a 3.5-year power purchase agreement (ppa), is scheduled to close in mid-july 2022 upon obtaining required governmental and financial approvals.
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