Year: 2022
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ITC Midwest Provides Action Trackchair to Grimes veteran Tom Ostwald
Grimes, Iowa (Dec. 5, 2022) – ITC Midwest today presented an Action Trackchair to Tom Ostwald of Grimes, Iowa, through the Paralyzed Veterans of America – Iowa Chapter (PVA). Ostwald’s overall quality of life will be greatly enhanced with the new Action Trackchair. For several years, ITC Midwest employees have gathered for a summer charity…
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Oelwein Event and Conference Center Project Awarded Power of Connection Grant
OELWEIN, IA – (Oct. 26, 2022) – A local effort to refurbish and redevelop an historic downtown building into a multi-use event and conference center in Oelwein has received $5,000 through a Power of Connection grant jointly administered by ITC Midwest and the Iowa Rural Development Council (IRDC). With the recent closure of the Oelwein…
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ITC to Build Transmission Projects Expected to Provide over $6 Billion in Economic Benefits to Michigan Ratepayers
NOVI, Mich. (October 18, 2022) – Michigan Electric Transmission Company, a wholly owned subsidiary of ITC Holdings Corp., announced its intent to construct, own and operate new transmission line projects in Michigan which are expected to provide Michigan ratepayers with over $6B in economic benefits while creating approximately 4,100 jobs across Michigan by 2030. The…
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ITC Midwest Conducting Aerial Patrols of Transmission Lines
Cedar Rapids, Iowa – October 6, 2022 – ITC Midwest will be conducting aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately October 10 – 28, weather permitting. Helicopter patrols provide an overall status of the overhead transmission system owned and operated by ITC Midwest. The flights take place across…
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POWER OF CONNECTION GRANT AWARDED TO BENEFIT GARNER COMMUNITY
GARNER, IA – A local effort to meet child care needs has received $5,000 through a Power of Connection grant administered jointly by ITC Midwest and the Iowa Rural Development Council (IRDC). With a population of more than 3,000, local leaders are seeking to expand the non-profit Garner Community Christian Child Care Center (GC4) by…
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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 MIDWEST TO CONDUCT MAY AERIAL LIDAR RESEARCH OF HIGH-VOLTAGE TRANSMISSION LINES
Cedar Rapids, Iowa – May 13, 2022 – ITC Midwest will conduct aerial LiDAR research of high-voltage transmission structures and lines in the Williamsburg, Marengo, Ladora and Victor areas for approximately a week beginning as early as May 14, weather permitting. Through an innovative collaboration, this research work is being conducted for ITC Midwest by the…
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