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Fixed Income Investors


Debt Profile Information

Long-Term Debt Profiles as of Q4 2023

Long-Term Debt Maturity Schedule as of Q4 2023

Revolving Credit Facilities as of Q4 2023

ITC Holdings’ Green Bond Framework is intended to be in alignment with the Green Bond Principles as published in June 2021 by the International Capital Markets Association (ICMA) and has received Second Party Review from Sustainalytics.

Under this framework, we are able to finance or refinance, in part or in full, new or existing projects across six eligible project categories:

  1. Renewable Energy
  2. Energy Efficiency
  3. Clean Transportation
  4. Green Buildings
  5. Climate Change Adaptation
  6. Environmental Stewardship

October 2022 Issuance
On October 12, 2022, ITC Midwest issued $150 million of Green Bonds ($75.0 million Series K 3.87% First Mortgage Bonds, due October 12, 2027, and $75.0 million Series L 4.53% First Mortgage Bonds, due October 12, 2052). For the period November 2020 through April 2022, the Eligible Green Projects have connected or are expected to connect ~3.0 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report

January 2022 Issuance
On January 14, 2022, International Transmission Company issued $20 million of Green Bonds (2.93% First Mortgage Bonds due 2052). As of January 14, 2023, the Eligible Green Projects have connected or are expected to connect ~2.2 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report

August 2021 Issuance
On August 3, 2021, Michigan Electric Transmission Company, LLC issued $75 million of Green Bonds (2021 Series A 2.90% Senior Secured Notes due 2051). As of August 3, 2022, the Eligible Green Projects have connected or are expected to connect ~1.5 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report


Credit Rating History


Note: ITC OpCos ratings represent senior secured ratings of ITC Midwest, ITCTransmission, and METC.

(1) ITC Great Plains received A1/A rating in October 2014.

Credit ratings relate to our ability to issue debt securities and the cost to borrow money, and should not be viewed as an indication of future stock performance or a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any time and each rating should be evaluated independently of any other rating. Our current credit ratings are provided above. An explanation of these ratings may be obtained from the respective rating agency.


Fixed Income Investor FAQs

As independent electric transmission utilities, our regulated operating subsidiaries have rates that are regulated by the Federal Energy Regulatory Commission (FERC). Our regulated operating subsidiaries earn revenues through tariff rates charged for the use of their electric transmission systems by our customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers.

For information on ITC’s most recent financial results, click on the following link.

You should contact Assistant Treasurer Nisha Chopra at nchopra@itctransco.com.

Please submit your question via the Contact Form here.