Company: ITC Holdings
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Blog Post: Our energy grid is better than before the 2003 blackout, but we must do more
Twenty years ago this month, the Northeast was rocked by a massive blackout that left 50 million people without power for days in the largest blackout in North American history. The power failure began when a tree branch came in contact with a transmission wire in Ohio. What should have been a manageable, local line…
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ITC Holdings Corp. Announces Pricing of $500 Million Senior Notes Due 2033 and Follow-on Senior Notes Due 2027
NOVI, Mich., May 17, 2023– ITC Holdings Corp. (“ITC”), a subsidiary of Fortis Inc., today announced that it has priced a previously announced private offering of $500 million aggregate principal amount of its 5.40% senior unsecured notes due 2033 (the “2033 notes”) and $300 million aggregate principal amount of its existing 4.95% senior unsecured notes…
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ITC Holdings Corp. Announces Offering of Senior Notes Due 2033 and Follow- on Senior Notes Due 2027
NOVI, Mich., May 17, 2023 – ITC Holdings Corp. (“ITC”), a subsidiary of Fortis Inc., today announced that it has commenced a private offering of senior unsecured notes due 2033 (the “2033 notes”) and 4.95% senior unsecured notes due 2027 (the “new 2027 notes”, and together with the 2033 notes, the “notes”). ITC’s 4.95% senior…
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ITC Establishes Jon E. Jipping Annual Scholarship at Michigan Technological University
(HOUGHTON, MI – May 16, 2023) – ITC Holdings Corp., the nation’s largest independent electricity transmission company, has established an annual scholarship fund for civil and electrical engineering students at Michigan Technological University to honor its retired chief operating officer and Michigan Tech Board of Trustees member Jon E. Jipping. “Over the years, I’ve witnessed…
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ITC HOLDINGS CORP. ANNOUNCES PRICING OF $600 MILLION SENIOR NOTES DUE 2027
NOVI, Mich., Sept. 8, 2022 /PRNewswire/ — ITC Holdings Corp. (“ITC”), a subsidiary of Fortis Inc., today announced that it has priced a previously announced private offering of $600 million aggregate principal amount of its 4.950% senior unsecured notes due 2027 (the “notes”). The offering is expected to close on September 22, 2022, subject to the satisfaction of customary closing…
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ITC ANNOUNCES OFFERING OF SENIOR NOTES
NOVI, Mich., Sept. 8, 2022 /PRNewswire/ — ITC Holdings Corp. (“ITC”), a subsidiary of Fortis Inc., today announced it has commenced a private offering of senior unsecured notes (the “notes”). ITC intends to use the net proceeds from this offering to redeem in full $500 million aggregate principal amount of its 2.700% Senior Notes due…
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ORDER NO. 1000 TRANSMISSION SOLICITATIONS HAVE NOT YIELDED CUSTOMER SAVINGS OR IMPROVED TRANSMISSION DEVELOPMENT TIMELINES, ACCORDING TO NEW STUDY
Novi, Mich., Aug. 16, 2022 – ITC Holdings Corp. (ITC) and other members of the Developers Advocating Transmission Advancements (DATA) Coalition are calling attention to a new study showing that unintended consequences of the Federal Energy Regulatory Commission’s (FERC) Order No. 1000 include project cost increases and schedule delays. The study titled “COMPETITIVE TRANSMISSION: EXPERIENCE TO…
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WILDLIFE HABITAT COUNCIL RECOGNIZES ITC FOR CONSERVATION EFFORTS AT ITS CORPORATE HEADQUARTERS
Novi, Mich., June 30, 2022 – The Wildlife Habitat Council (WHC) recognized ITC Holdings Corp., the largest independent electricity transmission company in the U.S., for its exemplary leadership in corporate conservation during the WHC Conservation Conference in Detroit on June 15. ITC received the 2022 WHC Gold Tier Program Award and WHC Forests Project Award for…
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ITC Holdings Corp. Announces Organizational Changes
Novi, Mich., Feb. 2, 2022 — ITC Holdings Corp. announced today a series of organizational changes designed to position the company for continued success. The changes are effective Feb. 14, 2022. Brian Slocum, who most recently served as Vice President of Operations, has been promoted to Senior Vice President and Chief Operating Officer. Mr. Slocum has…
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Two New Board of Directors Appointments Announced by ITC Holdings Corp.
NOVI, Mich., November 23, 2021 – ITC Holdings Corp. (ITC) today announced the appointment of Leanne Bell and Jocelyn H. Perry to its board of directors, effective February 1, 2022 and January 1, 2022, respectively. They join 10 other members of the ITC board of directors. “Leanne and Jocelyn bring a tremendous amount of industry perspective…
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