Hallador selected for $27.2M DOE award to modernize Merom power plant

Hallador Energy's subsidiary was selected by the U.S. Department of Energy to begin negotiations for up to $27.2 million in federal funding to modernize the Merom Generating Station's water management systems, with total project cost estimated at $56.9 million. The company notes the funding is not expected to materially benefit 2026 results and cannot guarantee the award will be received.