Project UpdateJun 5, 2026, 04:27 PM
Hallador Energy subsidiary selected for $27.2M DOE funding
AI Summary
Hallador Energy Company announced that its subsidiary, Hallador Power Company, LLC, was selected by the U.S. Department of Energy for award negotiations for up to $27.2 million in potential federal funding. This funding is intended to modernize the Merom Generating Station in Indiana, with a total project cost estimated at $56.9 million. The modernization project will upgrade the plant's water management systems to meet future environmental requirements and enhance reliable energy delivery, though the company does not anticipate a material benefit to its 2026 financial results.
Key Highlights
- Hallador Power selected by DOE for award negotiations for federal funding.
- Potential federal funding up to $27.2 million for modernization.
- Project to modernize Merom Generating Station in Merom, Indiana.
- Total project cost estimated at approximately $56.9 million.
- Modernization aims to upgrade water management systems for future ELG requirements.
- Goal to achieve zero liquid discharge (ZLD) and protect local water resources.
- Merom Generating Station is a 1,080 MW rated facility.
- No material benefit anticipated for 2026 financial results.
Price Impact
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