On July 26, 2001, FERC issued an order conditionally approving the proposed tariff for the Neptune Project, which will consist of several thousand miles of undersea high-voltage direct current transmission systems connecting Main, New Brunswick and Nova Scotia to the capacity-constrained markets of Maine, New York City, Long Island and Connecticut.
As a merchant transmission facility, Neptune proposed to assume all the risk of the the project.
It proposed rates effectively capped by market forces.
Conditions on the Commission's approval:    		- Neptune must join an RTO adjacent to or containing the geographic area of its proposed faciliteis and must place operational control of its facilities under the RTO.
- Service must be provided pursuant to the Order No 888 pro forma tariff (Commission denied Neptune's request for a waiver).
- Neptune cannot negotiate bilateral transactions prior to conducting its open season; it must make all capacity available solely through the open season process.
If you would like any further information, please let me know.

Neptune Project order (ER01-2099)
On July <NUMBER>, <NUMBER>, FERC issued an order conditionally approving the proposed tariff for the Neptune Project, which will consist of several thousand miles of undersea high-voltage direct current transmission systems connecting Main, New Brunswick and Nova Scotia to the capacity-constrained markets of Maine, New York City, Long Island and Connecticut.
As a merchant transmission facility, Neptune proposed to assume all the risk of the the project.
It proposed rates effectively capped by market forces.
Conditions on the Commission's approval: - Neptune must join an RTO adjacent to or containing the geographic area of its proposed faciliteis and must place operational control of its facilities under the RTO.
- Service must be provided pursuant to the Order No <NUMBER> pro forma tariff (Commission denied Neptune's request for a waiver).
- Neptune cannot negotiate bilateral transactions prior to conducting its open season; it must make all capacity available solely through the open season process.
If you would like any further information, please let me know.
rates effectively capped direct current transmission facilities rto service tariff neptune project solely open information forces conditions issued order conditionally york city long number pro forma