Hallador Energy Advances Expansion into Natural Gas Power Generation through ERAS Application

Core Viewpoint - Hallador Energy Company has finalized its application for the Expedited Resource Addition Study (ERAS) program, which aims to facilitate the addition of up to 515 MW of natural gas generation at its Merom Generating Station, with deposits totaling approximately $13 million made as part of the application process [1][2]. Group 1: Application and Development Plans - The completion of the application is a significant step towards expanding power generation capabilities at the Merom site, allowing Hallador to serve a broader range of customers in the high-demand energy sector [2]. - The company is actively evaluating financing options and plans to secure generating infrastructure while the ERAS application is under review [2]. - To support the development efforts related to the ERAS project, Hallador has filed a prospectus supplement to raise up to $50 million of common stock under its existing ATM program [2]. Group 2: Company Overview - Hallador Energy Company is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana, with two main businesses: Hallador Power Company, LLC, which operates the one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to the Merom Generating Station and other companies [5].