Reliable Energy, Inc. Congratulates Hallador Energy Company and Hoosier Energy

Last Friday, Hallador Energy Company (NASDAQ – HNRG), through its new subsidiary Hallador Power Company, LLC, announced that it has finalized its acquisition of Hoosier Energy’s 1-Gigawatt Merom Generating Station, located in Sullivan County, Indiana. The transaction includes a 3.5-year power purchase agreement.

Reliable Energy Inc.’s CEO Matt Bell released the following comments over the weekend congratulating both Hallador Energy Company and Hoosier Energy:

“Congratulations to Hallador Energy Company and Hoosier Energy on consummating this transaction which is good for the state of Indiana and rate payers. Hallador’s purchase helps stabilize Indiana’s reliable baseload energy production, which will help meet the needs of Hoosier businesses and residents. We hope that this innovative transaction will be the first of many leading to a reliable energy future in Indiana. ”

Read Hallador’s press release by clicking here.