The Anbaric companies work with a variety of direct and private equity investors who share our vision for developing innovative projects that reach beyond the boundaries of traditional, utility-financed projects to address the country’s pressing need for new electric infrastructure. They appreciate that despite regulatory complexity, capital intensive infrastructure projects provide long-term benefits to electric consumers and steady rates of returns for their investors.

A project like Neptune demonstrates the value to investors and represents Anbaric’s innovative approach in the area of finance. On February 15, 2006 financing for Neptune won the North American Infrastructure Deal of the Year 2005 by ProjectFinance, a Euromoney publication. Neptune financing, at the time, was the biggest project financing and the longest construction period (24 months) financing to close in the US traditional private placement market. The $647 million Neptune subsea transmission cable project was the first US, transmission/wires financing since the Path 15 facility in 2003. The financing was backed by solid offtake and construction packages. It also features a novel interest rate hedge: Treasury rate locks with delayed takedowns from institutional investors. “Neptune has created a solid template for private transmission financing in the US” wrote Project Finance.