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Place: Venice
Time: 1355
Act 1
Elena, the wife of Marin Faliero, Doge of Venice, is continually subjected to attacks on her reputation by the patrician Steno whose advances she has rejected. Steno then insults Israele Bertucci, the chief of the Venetian Arsenal in front of his workers. Steno is punished for these offenses, but Faliero is infuriated by the leniency of the punishment. At the Doge's Palace, Israele convinces Faliero to join a conspiracy against the Council of Forty, of which Steno is a member. Elena and her lover Fernando, Faliero's nephew, decide to part. He will leave the city to save her from dishonour. She gives him a veil to remember her by. The climax of the act takes place at a masked ball in the palace when Fernando challenges Steno to a duel for having insulted Elena once again.
Act 2
The duel having taken place, Fernando is found dying near the Basilica dei Santi Giovanni e Paolo, where the conspirators were to meet. Faliero vows to avenge his death.
Act 3
The conspiracy collapses following a betrayal by one of its members and the Doge is condemned to death at a trial in the Doge's Palace. Before his execution, Elena confesses her love affair with Fernando to him. Faliero begins to curse her, but sensing that his death is imminent, pardons her instead. Faliero is led off. Alone on the stage, Elena hears the sound of the executioner's axe, screams and faints.
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