FTAI Infrastructure's Long Ridge power plant is projected to receive a significant boost in its annual run rate EBITDA, with an additional $30 million in capacity revenue commencing on June 1, 2025. This increase is a direct result of favorable capacity auction results.
The improved capacity revenue is driven by increasing power demand, particularly from the growing data center sector, and the ongoing retirement of coal-fired power plants in the PJM region. These market dynamics create a more advantageous environment for efficient gas turbine facilities like Long Ridge.
This substantial increase in revenue highlights the strategic value of the Long Ridge asset and its ability to capitalize on evolving energy market trends. The additional $30 million annually contributes directly to the Power and Gas segment's profitability and overall company performance.
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