The lights stayed off for years after the 2013 closure of the Ormet Corp. aluminum plant near Hannibal, Ohio. Until someone finally noticed the valuable electrical infrastructure sitting alongside the mothballed smelting operation.
All that high-voltage wiring, and all those pipelines and barge docks on the Ohio River, looked like gold to Fortress Transportation & Infrastructure Investors LLC. “It was the perfect spot for a power plant,” says Robert “Bo” Wholey, president of Long Ridge Energy Terminal, which is now a unit partly owned by Fortress. He bought