Hallador secured a six-year buyer for power and will receive about $271 million for generating-capacity credits. Duke can pause power purchases for up to 90 days each year, and Hallador must provide letters of credit, but the planned sales still favor Hallador.
The agreements give Hallador a buyer for Merom's power and planned payments for generating-capacity credits. This supports sales starting in 2029. Deliveries depend on the units running, Duke can stop buying power for up to 90 days each year, and Hallador must provide letters of credit. Those limits temper the benefit, but the planned payments and six-year buyer relationship still favor Hallador.
Duke agreed to buy Hallador power and credits tied to generating capacity from 2029 to 2035. This adds a planned supply source but also commits Duke to payments; the filing does not show whether the terms help or hurt its costs.
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