ITC Great Plains to Purchase Two Interconnection Substations in Kansas

Dec 08, 2008

TOPEKA, Kan., Dec 08, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --

Acquisition extends partnership with Mid-Kansas Electric Company and provides ITC Great Plains with new transmission assets

ITC Great Plains LLC (ITC Great Plains) today announced the purchase of two interconnection substations in Kansas as part of a strategic partnership with the Mid-Kansas Electric Company, LLC (Mid-Kansas). The first asset is the Elm Creek 230 kV substation located near Concordia which provides for interconnection of the Cloud County Wind Farm. The second asset is a 138 kV substation located in eastern Barber County near Medicine Lodge which provides for interconnection of the Flat Ridge Wind Farm.

"By acquiring these assets, ITC Great Plains can continue its vision to build a 21st-century transmission grid in Kansas," said Carl Huslig, ITC Great Plains president. "Kansas needs a robust energy superhighway to reliably deliver energy throughout the region, and this acquisition today positions ITC Great Plains to build transmission projects to meet future energy demands."

"Mid-Kansas is pleased to further its partnership with ITC Great Plains to ensure the continued development of a robust and reliable transmission grid for Kansans," said Alan Miller, chairman of , Mid-Kansas.

Closing the transaction is contingent upon approval from the Kansas Corporation Commission to amend ITC Great Plains' certificate of public convenience and authority and from the Federal Energy Regulatory Commission (FERC) to recover the costs of the two substations.

In September of this year, Mid-Kansas, along with the Sunflower Electric Power Corporation (Sunflower), designated ITC Great Plains to build two of the three sections of transmission line comprising the Kansas V-Plan, the largest electric infrastructure project proposed in Kansas in nearly 25 years. Once constructed the transmission line will support movement of economic and market energy, improve efficient energy transfers and increase reliability throughout Kansas and the Southwest Power Pool region. The third section of the V-Plan line was offered to Westar Energy (Westar) as part of a collaborative venture among multiple utilities.

About ITC Holdings Corp.

ITC Holdings Corp. (NYSE: ITC) invests in the electricity transmission grid to improve electric reliability, improve access to markets and lower the overall cost of delivered energy. ITC is the largest independent electricity transmission company in the country. Through its subsidiaries, ITCTransmission, Michigan Electric Transmission Company, LLC (METC) and ITC Midwest LLC, ITC operates regulated, high-voltage transmission systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois and Missouri, serving a combined peak load in excess of 25,000 megawatts. ITC is also focused on new areas where significant transmission system improvements are needed such as Kansas and Oklahoma through subsidiaries ITC Grid Development, ITC Great Plains and ITC Panhandle Transmission. For more information, please visit: http://www.itc-holdings.com. (itc-ITC)

About ITC Great Plains

ITC Great Plains was formed in July 2006 as a subsidiary of ITC Grid Development, a wholly-owned subsidiary of ITC Holdings Corp. ITC Great Plains is a transmission-only utility which seeks to build a more robust electric transmission system so that every electric customer in SPP will have access to reliable, non-discriminatory, competitive and low-cost energy. ITC Great Plains was granted transmission-only utility status in Kansas and has a utility status application pending in Oklahoma which provides the ability for ITC Great Plains to own and operate a fully-regulated, high-voltage transmission system that transmits electricity to local electricity distribution facilities from generating stations throughout the SPP region. ITC Great Plains is committed to working with all stakeholders to identify and solve transmission issues throughout SPP.

About Mid-Kansas Electric Company LLC

Mid-Kansas Electric Company, LLC (Mid-Kansas) serves more than 69,000 consumers through meters located in or near 176 communities in 32 counties in central and western Kansas. Mid-Kansas operates 1,083 miles of high-voltage transmission line, and 5,348 miles of distribution line. The network also includes 662 megawatts of natural gas, coal-fired and wind generation at six central and western Kansas locations.

SOURCE ITC Holdings Corp.


http://www.itc-holdings.com

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