dr. edward cripples -- dr. edward craples. .> thank you anm the founder and ceo of independent transmission developer.storage we are funded by institutional investors but we are not your typical utility. we like to think that we build electric businesses of the future in the future is very different from the past as other members have indicated. we helped spearhead to high-voltage lines between new jersey and new york. the high-voltage direct

dr. edward cripples -- dr. edward craples. .> thank you anm the founder and ceo of independent transmission developer.storage we are funded by institutional investors but we are not your typical utility. we like to think that we build electric businesses of the future in the future is very different from the past as other members have indicated. we helped spearhead to high-voltage lines between new jersey and new york. the high-voltage direct current technology is common worldwide but not commonly used in the united states. as a person who has developed interregional transmission projects, i have taken the opportunity to write an article that is part of my prepared testimony. reviews why even though everyone agrees these kinds of links are useful and more are needed, both existing and new interregional projects are being choked off by well-intentioned but unproductive regulations. some of these stem from order 1000 and the inability to in a way that is significantly prescriptive. i am here this morning to discuss a really imp

dr. edward craples. he is the ceo of development partners. five minutes. >> thank you, mr. chairman and distinguished members of the energy subcommittee. we're funded by institutional investors, so we're not your typical utility. we like to think we build the electric businesses of the future. the future is very different from the past, as other members have already indicated. we helped to spearhead two high volt taj direct transmission current lines between new jersey and new york. the high voltage direct current technology is used worldwide but not yet as common in the united states. as a person who's actually developed interregional transmission projects, i've taken the opportunity to write an article that is part of my prepared testimony that was just published in the electricity journal called triple jeopardy. it reviews why even though everyone agrees these kinds of interregional transmission links are useful and more are needed, both existing and new interregional projects are being choked off by well-intentioned but unproductive regulations. some of these stem from