GREEN BONDS

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 Adaption
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 facilites.

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