by an investor in the company’s 15-year history. Operating Projects Anbaric's projects include the design and development of power transmission and distributed generation energy projects. Its completed projects include the Neptune Regional Transmission System and the Hudson Transmission System, while ongoing projects in development include the Bay State Offshore Wind Transmission System, Vermont Green Line, Maine Green Line, West Point Project, and Poseidon Project. Neptune Regional Transmission System The Neptune Cable, or the Neptune Regional Transmission System, is a 660-MW high-voltage direct current line that connects Sayreville, New Jersey (site of the Sayreville Energy Center) to Long Island. Construction on the $600 million project began in fall 2005. The 65-mile transmission line became operational in June 2007, and was developed by a merchant group including Anbaric. As of 2007, the line was the largest source of imported electricity to Long Island. In a 2007 report, the New York ISO noted that the Neptune cable reduced electricity prices in New York, and substantially reduced transmission congestion into Long Island and New York City. The Hudson Transmission System The Hudson Project, or the Hudson Transmission System, is project developed by a partnership including Anbaric. It consists of a 660-MW high-voltage direct current system which connects upstate New Jersey and Manhattan by traveling beneath the Hudson River. The cable carries power from an electrical substation in Ridgefield Park, New Jersey (site of the Bergen Generating Station) to one located on West 49th Street, New York and provides enough power for 400,000 homes. The project was completed in 2013 and cost approximately $850 million. Projects Under Development Microgrids Anbaric’s target microgrid customers include real estate buildings, hospitals, industrial facilities, government buildings, and municipalities throughout New York. In the summer of 2015, Anbaric was part of a team that received funding from New York State’s NY Prize program to conduct microgrid feasibility studies in the Village of Freeport and Staten Island University Hospital. Bay State Offshore Wind Transmission System By November 2011, Anbaric had filed an interconnection request with ISO New England for the Bay State Offshore Wind Transmission System. The planned project consists of two 1,000-MW HVDC lines and, if approved, would be New England's first offshore transmission trunk line. West Point Project West Point Partners, LLC, a subsidiary of Anbaric, submitted a proposal in June, 2013 to the New York Public Service Commission to create an 80-mile power line which would run beneath