Newsroom

NOVI, Michigan (May 22, 2019) – ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in Michigan from approximately May 28 – June 25, weather permitting. The helicopter patrols are conducted to provide an overall status of the overhead transmission system that is operated by ITC’s Michigan operating entities, ITCTransmission and Michigan Electric Transmission Company, LLC (METC).

Cedar Rapids, Iowa – April 30, 2019 –ITC will be conducting semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately May 13-24, weather permitting. Helicopter patrols provide an overall status of the overhead transmission system owned and operated by ITC’s Iowa-based operating entity, ITC Midwest LLC.

Cedar Rapids, Iowa – April 30, 2019 – ITC will be conducting semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory in northern Iowa and southern Minnesota, from approximately May 13-24, weather permitting. Helicopter patrols provide an overall status of the overhead transmission system owned and operated by ITC’s Iowa-based operating entity, ITC Midwest LLC.

Cedar Rapids, Iowa – April 30, 2019 – ITC will be conducting semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory in central and southwest Iowa from approximately May 13-24, weather permitting. Helicopter patrols provide an overall status of the overhead transmission system owned and operated by ITC’s Iowa-based operating entity, ITC Midwest LLC. The aerial inspections will cover the company’s lines in central and southwest Iowa.

Cedar Rapids, Iowa – April 30, 2019 – ITC will be conducting semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory in east central and southeast Iowa, as well as extreme northwestern Illinois and one county in Missouri, from approximately May 13-24, weather permitting. Helicopter patrols provide an overall status of the overhead transmission system owned and operated by ITC’s Iowa-based operating entity, ITC Midwest LLC.

ITC's proposed Lake Erie Connector ("LEC") project will complement the IESO's efforts to save Ontarians billions of dollars in energy costs by creating a new corridor between Ontario and the U.S. for exporting and importing electricity.

ITC Holdings Corp. (ITC) today announced that Krista Tanner has been promoted to senior vice president and chief business unit officer for ITC Holdings Corp., effective February 18, 2019. Tanner will also remain president of ITC Midwest, a subsidiary of ITC Holdings Corp.

ITC Midwest, the provider of electricity transmission service to the Marshalltown area, has committed $25,000 in financial support for disaster relief recovery and rebuilding following the devastating July tornado.

Michigan Tech has received a $75,000 gift from ITC Holdings Corp. to support the renovation of the ECE Learning Center in the Department of Electrical and Computer Engineering. The renovated space will provide a clean, well-equipped place for undergraduate students in electrical engineering and computer engineering to study together and participate in peer mentoring with learning center coaches.

ITC Holdings Corp. received two major environmental awards at the 2018 Wildlife Habitat Council (WHC) Conservation Conference held Nov. 13-14 in Baltimore.

ITC’s Michigan operating entities ITCTransmission and Michigan Electric Transmission Company, LLC (METC), which own and operate the high-voltage electricity grid in most of Michigan’s Lower Peninsula, are lighting up 10 of their 150-foot tall transmission towers -- with colorful holiday decorations again this year.

Michigan State University students are getting hands-on experience working on a wide array of social challenges through InnovateGov, an experiential learning program within the College of Social Science. ITC Holdings Corp. is supporting the program with a $100,000 donation.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately Sept. 24 through Oct. 5, weather permitting. The aerial inspections in the company’s southwest and southeast regions will cover the company’s lines in central and southern Iowa, as well as limited areas in northern Missouri and western Illinois.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately Sept. 24 through Oct. 5, weather permitting. The aerial inspections in the company’s southeast and northeast regions will cover the company’s lines in eastern Iowa.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately Sept. 24 through Oct. 5, weather permitting. The aerial inspections in the company’s northeast region will cover the company’s lines in northern Iowa and southeastern Minnesota.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately Sept. 24 through Oct. 5, weather permitting. The aerial inspections in the company’s north and central regions will cover the company’s lines in northern Iowa and southern Minnesota.

Michigan’s vast network of trails traverse 12,500 miles of state-designated trails, 2,600 miles of rail trails, and “transmission trails” and programs that offer hikers, bikers, nature enthusiasts and others the opportunity to appreciate and enjoy nature.

ITC will conduct aerial patrols of high-voltage transmission towers and lines in southeast Oklahoma on Friday, September 14, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southwest Michigan from approximately September 18 - 20, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in west Michigan from approximately September 13 - 17, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in north Michigan from approximately September 10 – 12, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east Michigan from approximately August 30 – September 7, weather permitting.

ITC Vice President of Engineering Joe Bennett teamed up with the Michigan Science Center (MiSci) for a special Arbor Day lesson on trees and power lines, engineers and STEM careers, and environmental stewardship.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeast Michigan from approximately August 27 - 29, weather permitting. The helicopter patrols are conducted to provide an overall status of the overhead transmission system that is operated by ITC’s Michigan operating entities, ITCTransmission and Michigan Electric Transmission Company, LLC (METC).

Michigan Technological University’s (MTU) Department of Electrical and Computer Engineering (ECE) on Wednesday inducted ITC’s Jon Jipping into the ECE Academy. Selection into the Academy recognizes excellence and leadership in engineering and civic affairs. Inductees represent the most successful of MTU’s more than 9,600 electrical and computer engineering graduates. Fewer than 75 alumni have been inducted over the last 20 years.

The Edison Electric Institute (EEI) today presented ITC Holdings Corp. (ITC) with the association’s special 2018 Emergency Assistance Award for Puerto Rico Power Restoration for its contributions to the unprecedented emergency power restoration mission in Puerto Rico following Hurricane Maria.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east Michigan from approximately May 31 – June 8, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeast Michigan from approximately May 21-30, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in west Michigan from approximately May 14-18, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately May 11 through May 21, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission structures and lines throughout its service territory from approximately May 7 through May 10, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southwest Michigan from approximately May 7-11, weather permitting.

Two new Michigan cities – Grandville and North Muskegon – were certified with the Tree City USA designation in 2017, joining 113 other Michigan communities, five campuses and two utilities to receive “Tree City,” “Tree Campus” or “Tree Line USA" designation for 2017.

The Michigan Science Center and ITC Holdings Corp. will host a special Arbor Day program on Friday, April 27, with schools throughout the state to highlight the museum’s new ECHO Distance Learning Program.

ITC Holdings Corp. (ITC), the nation’s largest independent electricity transmission company, today announced it is reducing its customer rates as a result of the lower federal corporate income tax rate the company received under the Tax Cuts & Jobs Act of 2017.

ITC will conduct aerial patrols of high-voltage transmission towers and lines in southeast Oklahoma on the afternoon of Thursday, March 8 or the morning of Friday March 9, weather permitting.

Senior Counsel Jeff Dobson earns recognition for second consecutive year

ITC Holdings Corp. (ITC) Vice President of Operations, Brian Slocum, will appear before the House Committee on Energy and Commerce’s Subcommittee on Energy today for a hearing on “The State of the Nation’s Energy Infrastructure."

The Mississippi River bridge connecting Fort Madison and Niota, Illinois will be closed to traffic between 9 a.m. and noon on Friday, January 19th. The closure will allow crews from ITC Midwest LLC to perform maintenance on an electric transmission line that runs along the span.

ITC Holdings Corp. and its 670 employees donated $1.6 million to more than 100 organizations across its seven-state footprint in 2017. The nation's largest independent electricity transmission company provides donations and support to organizations that align with ITC's charitable and community interests.

ITC’s Michigan operating entities ITCTransmission and Michigan Electric Transmission Company, LLC (METC), which own and operate the high-voltage electricity grid in most of Michigan’s Lower Peninsula, are lighting up 10 of their 150-foot tall transmission towers -- with colorful holiday decorations again this year.

ITC Holdings Corp. received the Grasslands Project Award and nine other conservation certifications for environmental projects from the Wildlife Habitat Council at the organization’s 2017 Conservation Conference held Nov. 8-9, 2017 in Baltimore.

With each day there seems to come another advance in technology to enhance the way we live, work and play. Developments in electric and autonomous vehicles, how we generate and use electricity, and ways to store energy are just a few of the innovations that are changing the consumer landscape.

ITC Lake Erie Connector LLC commends the Ontario Government on its 2017 Long-Term Energy Plan and charting a path for a more reliable, efficient and affordable energy future for the province, including a focus on reforming the energy market to support import and export of energy between jurisdictions. “The plan laid out by Energy Minister Thibeault and his Government today underscores the importance of creating a reliable, sustainable, and affordable energy market, of which the Lake Erie Connector is a key component,” says Terry Harvill, Ph.D., president, ITC Grid Development. “As the only contracted transmission project included in the 2017 Long-Term Energy Plan, this two-way line will provide the first direct power connection between Ontario and the the PJM energy market, which is comprised of 13 states in the Eastern U.S. The Lake Erie Connector will open the door to electricity trading between these markets, working to improve the security and reliability of both energy grids.”

ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, today received notice that the U.S. Army Corps of Engineers (USACE) has issued the necessary permits for the ITC Lake Erie Connector transmission line.

ITC Holdings Corp. (ITC) today announced it has appointed A. Douglas Rothwell to its board of directors.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east Michigan from approximately September 25 - October 2, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeast Michigan from approximately September 18-20, weather permitting.

ITC Holdings Corp. (ITC) will join its parent company Fortis Inc. and other Fortis subsidiaries to donate approximately $100,000 to the American Red Cross in support of residents and communities afflicted by Hurricane Harvey.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in north Michigan from approximately September 11 - 15, weather permitting.

ITC Holdings Corp. today announced today that Gretchen Holloway has been promoted to senior vice president and chief financial officer for ITC Holdings Corp

ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, today announced that Canada’s Governor in Council has approved the issuance of a Certificate of Public Convenience and Necessity for the ITC Lake Erie Connector transmission line.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in north Michigan from approximately June 16 - 30, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east Michigan from approximately May 22 – June 2, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeast Michigan from approximately May 15 - 19, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southwest Michigan from approximately May 8 - 12, weather permitting.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in west Michigan from approximately May 1 - 5, weather permitting.

The Michigan Department of Natural Resources and the Arbor Day Foundation announced that 111 Michigan communities, four campuses and two utilities received their respective “Tree City,” “Tree Campus” or “Tree Line USA" designation. ITC Michigan received the Tree Line USA award.

Michigan Arbor Day Alliance (MADA) is proud to announce that ITC Michigan has contributed $10,000 to support the State Arbor Day Celebration and MADA’s educational programs.

Executives from ITC, a Fortis company and the largest independent electricity transmission company in the United States, will be participating in CERAWeek 2017 by IHS Markit, the premier annual international gathering of energy industry leaders including innovators, business executives, government officials and policymakers as well as leaders from the technology, financial, and industrial communities.

ITC Holdings Corp. (ITC) announced today that Amy M. Perlman has been promoted to Vice President and Controller for ITC Holdings Corp.

ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, today announced it has received a Report from Canada’s National Energy Board (NEB) recommending issuance of a Certificate of Public Convenience and Necessity for the ITC Lake Erie Connector transmission line.

ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, today announced it has received approval of a Presidential Permit from the U.S. Department of Energy (DOE) for the ITC Lake Erie Connector transmission line.

ITC Holdings Corp. (ITC) today announced it has appointed Robert A. (Bob) Elliott to its board of directors, effective Jan. 1, 2017.

ITC Holdings Corp. and its 660 employees donated more than $1 million to 79 charitable organizations throughout its footprint in 2016.

ITC Michigan and its 543 employees donated more than $624 thousand to 38 charitable organizations in the state in 2016.

ITC Midwest and its 101 employees donated more than $133 thousand to 16 charitable organizations in Iowa and Minnesota in 2016.

ITC Great Plains donated more than $92 thousand to 10 charitable organizations in Kansas in 2016.

ITC Great Plains donated more than $37 thousand to seven charitable organizations in Oklahoma in 2016.

ITC Holdings Corp. (ITC) today announced it has appointed five additional members to the new board of directors it formed upon the closing of the acquisition of ITC by Fortis Inc. and GIC Private Limited on Oct. 14, 2016. The appointments are effective Jan. 1, 2017.

ITC’s Michigan operating entities ITCTransmission and Michigan Electric Transmission Company, LLC (METC), which own and operate the high-voltage electricity grid in most of Michigan’s Lower Peninsula, are lighting up 10 of their 150-foot tall transmission towers -- including a new Marysville location within the Marysville Municipal Park -- with colorful holiday decorations again this year.

ITC Michigan earned a Green Infrastructure Project Award and three environmental site recertifications from the Wildlife Habitat Council at the organization’s 2016 Conservation Conference Nov. 2-3, 2016 in Baltimore.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in central Michigan from approximately October 24 to November 4, weather permitting.

Fortis Inc. (“Fortis” or the “Corporation”) (TSX:FTS) (NYSE:FTS) and GIC Private Limited (“GIC”) announced today the closing of the approximately US$11.3 billion acquisition of Novi, Michigan-based ITC Holdings Corp. (“ITC”).

Fortis Inc. (“Fortis” or the “Corporation”) (TSX:FTS) and ITC Holdings Corp. (“ITC”) (NYSE:ITC) announced today that the Kansas Corporation Commission (“KCC”) has voted to approve their application authorizing Fortis to proceed with its acquisition of ITC. All regulatory approvals have now received necessary to close transaction now received.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east Michigan from approximately October 10 to October 21, weather permitting.

Fortis Inc. (“Fortis” or “the Corporation”) (TSX:FTS), ITC Holdings Corp. (“ITC”) (NYSE:ITC) and GIC Private Limited (“GIC”) today announced that the Federal Energy Regulatory Commission (“FERC”) has authorized the acquisition of ITC by Fortis and a subsidiary of GIC.

Fortis Inc. (“Fortis” or “the Corporation”) (TSX:FTS) and ITC Holdings Corp. (“ITC”) (NYSE:ITC) today announced that the Public Service Commission of Wisconsin (“PSCW”) has voted to approve their application authorizing Fortis to proceed with its acquisition of ITC, subject to conditions consistent with those proposed in the application, to be confirmed in an official Commission Order to follow.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in northern Michigan from approximately September 26 to October 7, weather permitting.

The Missouri Public Service Commission (“MPSC”) has approved an application authorizing Fortis to proceed with its acquisition of ITC. The decision marks another significant advancement in the regulatory approval process.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeastern Michigan from approximately September 12 to September 23, weather permitting.

Fortis Inc. (“Fortis” or “the Corporation”) (TSX:FTS) and ITC Holdings Corp. (“ITC”) (NYSE:ITC) today announced the final approval of the Oklahoma Corporation Commission (“OCC”) of the Corporation's application to acquire ITC. The approval marks another milestone in the regulatory approval process with the transaction expecting to close by the end of the year.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended June 30, 2016.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the second quarter ended June 30, 2016 before the market opens on July 28, 2016. Due to the pending acquisition by Fortis Inc., ITC Holdings Corp. will no longer host a quarterly webcast and conference call.

ITC Holdings Corp. (NYSE: ITC) today announced that it has priced an underwritten public offering of $400.0 million aggregate principal amount of its 3.25% senior unsecured notes due 2026 (the "notes"). The offering is expected to close on July 5, 2016, subject to customary closing conditions.

ITC has installed bird diverters along more than five miles of its Tittabawassee – Hampton and Bauer – Tittabawassee transmission lines that cross the Crow Island State Game Area in Saginaw, Mich.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in northern Michigan from approximately June 6 to June 10, weather permitting.

ITC Holdings Corp. (NYSE: ITC) today implemented organizational changes to focus leadership of its business units under its chief business unit officer, consolidate select business functions under a chief administrative officer, and continue to support the ongoing development of its management team.

ITC Holdings Corp. (NYSE: ITC) announced today that Rejji P. Hayes has been promoted to executive vice president and chief financial officer for ITC Holdings Corp.

ITC Holdings Corp. (NYSE: ITC) announced that it will hold a special meeting of its shareholders on June 22, 2016 at which shareholders will be asked to adopt and approve the previously announced transaction with Fortis Inc. (TSX: FTS).

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in east-central Michigan from approximately May 23 to June 3.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeastern Michigan from approximately May 12 to May 20.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended March 31, 2016.

American Transmission Co., ITC Midwest LLC and Dairyland Power Cooperative will host open houses in May to update the public on plans for a new electric transmission line that would connect Dane County, Wisconsin, and Dubuque County, Iowa.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in western Michigan from approximately May 2 to May 11.

Fortis Inc. ("Fortis") (TSX: FTS) announced today that it has reached a definitive agreement with GIC Private Limited ("GIC"), Singapore's sovereign wealth fund, to acquire a 19.9% equity interest in ITC Holdings Corp. ("ITC") (NYSE: ITC) for aggregate consideration of US$1.228 billion in cash upon the closing of the acquisition.

Fortis Inc. has reached a definitive agreement with GIC to acquire a 19.9% equity interest in ITC Holdings for aggregate consideration of US$1.228 billion in cash upon the closing of the acquisition.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the first quarter ended March 31, 2016 before the market opens on April 28, 2016.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the fourth quarter and year ended December 31, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the fourth quarter and year-ended December 31, 2015 before the market opens on February 25, 2016.

Fortis Inc. and ITC Holdings Corp. have entered into an agreement and plan of merger pursuant to which Fortis will acquire ITC in a transaction valued at approximately US $11.3 billion.

ITC has made its third major filing in support of the ITC Lake Erie Connector transmission line. ITC Lake Erie Connector LLC filed a joint permit application with the Pennsylvania Department of Environmental Protection and the U.S. Army Corps of Engineers.

ITC Holdings employees raised funds to get U.S. Marine Staff Sgt. Brian Snell his own all-terrain, specialty wheelchair after his left leg became paralyzed. His story was recently profiled on Michigan Out-of-Doors TV.

ITC Holdings Corp. announced today that the Company's Board of Directors has commenced a review of the Company’s strategic alternatives. This review may result in the Company's possible sale or pursuit of other initiatives to maximize value for shareholders.

ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.1875 per share, payable on December 15, 2015 to shareholders of record on December 1, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced that Gretchen Holloway has been appointed Treasurer. Ms. Holloway's new title is Vice President, Finance and Treasurer.

With the help of ITC employees, more veterans will have access to outdoor pursuits with the use of specialized all-terrain wheelchairs. ITC employees have raised funds to purchase nine track chairs from Action Trackchairs to be used by veterans in communities in Michigan, Iowa, Oklahoma and Kansas.

Through charitable contributions from employees, ITC has raised funds to purchase nine track chairs from Action Trackchairs to be used by veterans in states and communities served by the electric transmission company. Two of those chairs will be provided to the Iowa chapter of the Paralyzed Veterans of America (PVA).

Through charitable contributions from its employees, ITC has raised funds to purchase nine track chairs from Action Trackchairs to be used by veterans from communities in Michigan, Iowa, Oklahoma and Kansas.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the third quarter and nine month period ended September 30, 2015.

NOVI, Michigan (October 6, 2015) – ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in eastern Michigan from approximately October 6 to October 12, weather permitting.

ITC Holdings Corp. (NYSE: ITC) today announced that it has entered into an accelerated share repurchase program (ASR) with Barclays Bank PLC ("Barclays").

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in southeastern Michigan from approximately September 17 - 23, weather permitting.

ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.1875 per share, an increase of approximately 15 percent from the previous quarterly rate of $0.1625 per share.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the second quarter and six month period ended June 30, 2015.

ITC Holdings Corp. (NYSE: ITC), the nation’s largest independent electricity transmission company, today filed a Petition for Declaratory Order with the Federal Energy Regulatory Commission (FERC) asking for needed guidance on issues critical to the regional competitive transmission bidding processes established under Order 1000. ITC’s petition seeks guidance from FERC as to how winning bids will be treated for ratemaking purposes: whether bids selected through FERC-approved competitive transmission solicitation processes are deemed to be just and reasonable. In addition, the Petition asks FERC to award winning binding, full revenue requirement bids protection from future rate challenges unless required by the public interest.

ITC Holdings Corp. (NYSE: ITC), the nation's largest independent electricity transmission company, today filed a Petition for Declaratory Order with the Federal Energy Regulatory Commission (FERC) asking for needed guidance on issues critical to the regional competitive transmission bidding processes established under Order 1000.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the second quarter ended June 30, 2015 before the market opens on July 30, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced that Matthew Dills has joined the company as vice president, human resources and chief human resources officer.

An open solicitation is underway for interest in transmission capacity on the ITC Lake Erie Connector line. Through August 21, ITC is soliciting expressions of interest from qualified parties for firm transmission rights at negotiated rates.

ITC Lake Erie Connector LLC, a wholly-owned subsidiary of ITC Holdings Corp., the largest independent electricity transmission company in the United States, today announced it has filed a major permit application with Canada’s National Energy Board (NEB) for the ITC Lake Erie Connector transmission line.

Click below to view the press release, photos and video.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended March 31, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced that Christine Mason Soneral has been promoted to senior vice president and general counsel.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the first quarter ended March 31, 2015 before the market opens on April 30, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the fourth quarter and year-ended December 31, 2014 before the market opens on February 26, 2015.

ITC Holdings Corp. (NYSE: ITC) today announced an internal reorganization and executive changes to position the company for continued operational excellence, growth and success.

ITC Holdings Corp. (NYSE: ITC) today provided initial operating earnings guidance for 2015 in the range of $2.00 to $2.15 per share.

ITC Holdings Corp. (NYSE: ITC) is scheduled to address members of the investment community at the 49th Edison Electric Institute (EEI) Financial Conference in Dallas, Texas on Thursday, Nov. 13 from 10:45 a.m. to 11:25 a.m. Eastern.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the third quarter and nine-month period ended September 30, 2014.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the third quarter ended September 30, 2014 before the market opens on October 30, 2014.

ITC Holdings Corp. (NYSE: ITC) today announced that Krista Tanner will join the company on Nov. 10, 2014 as vice president, ITC Holdings Corp., and president of ITC Midwest.

ITC Holdings Corp. (NYSE: ITC) will present at the Barclays CEO Energy-Power Conference on Thursday, Sept. 4, 2014 in New York, NY.

ITC Holdings Corp. (NYSE: ITC) today announced that Rejji P. Hayes has been named as a senior vice president and the company's permanent chief financial officer, effective immediately.

ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.1625 per share, an increase of approximately 14 percent from the previous quarterly rate of $0.1425 per share.

ITC Holdings Corp. (NYSE: ITC) announced today its results for the second quarter and six-month period ended June 30, 2014.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the second quarter ended June 30, 2014 before the market opens on August 6, 2014.

ITC Holdings Corp. (NYSE: ITC) announced today that it has entered into an accelerated share repurchase program (ASR) with JPMorgan Chase Bank, National Association ("JPMorgan") for up to $150 million of the company's common stock.

ITC will be conducting its semi-annual aerial patrols of high-voltage transmission towers and lines in northern Michigan from approximately June 12 to June 20, weather permitting.

ITC Holdings Corp. (NYSE: ITC) today announced the final results of its previously announced cash tender offer for any and all of its outstanding $255,000,000 aggregate principal amount of 5.875% Senior Notes due 2016 (the "2016 Senior Notes") and its outstanding $255,000,000 aggregate principal amount of 6.375% Senior Notes due 2036 (the "2036 Senior Notes" and, together with the 2016 Senior Notes, the "Notes").

ITC Holdings Corp. (NYSE: ITC) today announced that The Public Service Commission of Wisconsin (PSCW) has approved its applications to become an authorized public utility holding company in the state and for its operating subsidiary ITC Midwest LLC to become a Wisconsin public utility.

ITC Holdings Corp. (NYSE: ITC) today announced that it has priced an underwritten public offering of $400 million aggregate principal amount of 3.65% senior unsecured notes due 2024 (the "notes").

ITC Holdings Corp. (NYSE: ITC) today announced that Daniel J. Oginsky has been promoted to executive vice president and general counsel.

ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend on ITC common stock of $0.1425 per share, payable on June 16, 2014 to shareholders of record on June 2, 2014.

ITC Holdings Corp. (NYSE: ITC) announced today that Cameron M. Bready, executive vice president and CFO, will resign from the company effective June 20, 2014 to accept a senior leadership position with a technology firm based in Atlanta, Ga. Rejji P. Hayes, the current vice president of Finance and Treasurer of ITC, has been named the company's interim CFO.

ITC Holdings Corp. (NYSE: ITC) today announced it received, as of 5 p.m., New York City time, on May 15, 2014 (the "Early Tender and Consent Expiration Date"), tenders (and associated consents) from the holders of approximately $115.7 million aggregate principal amount (representing approximately 45.4%) of its 5.875% Senior Notes due 2016 (the "2016 Senior Notes") and approximately $54.7 million aggregate principal amount (representing approximately 21.4%) of its 6.375% Senior Notes due 2036 (the "2036 Senior Notes" and, together with the 2016 Senior Notes, the "Notes"), and consents (without tenders) from the holders of approximately $106.7 million aggregate principal amount (representing approximately 41.9%) of its 2016 Senior Notes and approximately $170.5 million aggregate principal amount (representing approximately 66.9%) of its 2036 Senior Notes - in connection with the previously announced cash tender offer for any and all of the Notes and the related solicitation of consents to the proposed amendments that modify certain of the covenants applicable to the Notes contained in the indenture governing the Notes (the "Indenture").

ITC Holdings Corp. (NYSE: ITC) today announced the reference yields, tender offer consideration and total consideration for its outstanding senior notes in connection with its previously announced cash tender offer for any and all of its outstanding $255,000,000 aggregate principal amount of 5.875% Senior Notes due 2016 (the "2016 Senior Notes") and its outstanding $255,000,000 aggregate principal amount of 6.375% Senior Notes due 2036 (the "2036 Senior Notes" and, together with the 2016 Senior Notes, the "Notes").

ITC Holdings Corp. (NYSE: ITC) announced today that it has commenced a cash tender offer for any and all of its outstanding $255,000,000 aggregate principal amount of 5.875% Senior Notes due 2016 (the "2016 Senior Notes") and its outstanding $255,000,000 aggregate principal amount of 6.375% Senior Notes due 2036 (the "2036 Senior Notes" and, together with the 2016 Senior Notes, the "Notes").

ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended March 31, 2014.

The Southwest Power Pool has approved the Elm Creek to Summit transmission line project which will improve the reliability of the high-voltage grid in central Kansas.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the first quarter ended March 31, 2014 before the market opens on May 1, 2014.

ITC Holdings Corp. (NYSE: ITC) today announced its new five-year capital investment plan of approximately $4.5 billion for the period 2014 through 2018, as a part of a comprehensive strategic update.

ITC Holdings Corp. (NYSE: ITC) today announced that it will host its 2014 Investor Day at its headquarters in Novi, Michigan on Tuesday, April 15, 2014.

ITC Holdings Corp. (NYSE: ITC) today announced its results for the fourth quarter and year-ended December 31, 2013, all of which are reported on a pre-stock split basis.

ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the fourth quarter and year-ended December 31, 2013 before the market opens on February 27, 2014.

ITC Midwest has concluded maintenance on an electric transmission line that runs along the Cedar Lake trail in downtown Cedar Rapids, allowing the trail to be reopened to the public.

ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors has approved a 3 for 1 stock split in the form of a stock dividend.

A portion of the trail to the west of Cedar Lake in downtown Cedar Rapids will be closed from Jan. 6 to Feb. 7 to allow ITC Midwest to perform maintenance on the electric transmission line that runs along the trail.

ITC Holdings Corp. announced that it and Entergy Corporation agreed to end their proposed transaction that would spin off and merge Entergy's electric transmission business into a subsidiary of ITC.

ITC Holdings Corp. announced that Kevin Burke joined the company as vice president, human resources and chief human resources officer. Burke leads all human resources functions for ITC.

ITC's Michigan operating entities will light up nine of their 150-foot tall transmission towers with colorful holiday decorations. Each tower is decorated with approximately on-quarter mile of rope lights.

Bridge lane closed from 9 a.m.–11 a.m.to allow electric transmission line work

The Wildlife Habitat Council (WHC) awarded Wildlife at Work certifications to three ITC Holdings Corp. programs for contributions to wildlife habitat conservation in Michigan and Iowa. ITC received the recognition at WHC’s 25^th Annual Symposium, Celebrating Corporate Conservation.

ITC is conducting aerial patrols of its high-voltage transmission towers and lines to inspect equipment for lightning damage, wear or other potential problems.

Phase 1 of the 140-mile Thumb Loop high-voltage transmission line, 62 miles of double-circuit, 345,000 volt (345 kV) lines from Tuscola County to Huron County, has been placed in service.

ITC Midwest has awarded $15,000 to Cedar Valley Habitat to aid in the completion of Habitat’s most recent corporate Hope Builders home in Cedadr Rapids.

ITC Great Plains

Article courtesy of the Dodge City Daily Globe - Sept. 11, 2013

ITC recently renewed its support for utility lineman training programs at two Kansas community colleges by presenting checks toward scholarships for deserving students.

ITC Great Plains

ITC, the company that recently constructed 18 miles of high voltage power lines from Valliant to Hugo, was back in McCurtain County Tuesday to donate approximately 125 science books to Forest Grove School. Kim Goodnight, ITC’s area manager for Local Government and Community Affairs presented the books to Forest Grove superintendent John Smith and the school’s teaching staff in an informal ceremony Tuesday morning at the school.

Hugo Daily News - Aug. 28, 2013

ITC has partnered with National University and Sally Ride Science to donate more than 600 science books to nine schools in southeastern Oklahoma.

ITC has declared a quarterly cash dividend of $0.425 per share, an increase of approximately 13 percent. This is the eighth consecutive year that ITC has raised the dividend rate on its common stock.

ITC Michigan

Fox 2 - Aug. 13, 2013

The largest blackout in U.S. history happened ten years ago on August 14, 2003. Fox 2 asked ITC CEO Joseph Welch whether another massive blackout could happen again.

ITC Michigan

The Oakland Press - Aug. 13, 2013

A decade ago, many residents in Oakland County were left to fend for themselves as a sprawling power outage crippled the East Coast and Midwest. ITC was one of the first companies to explain what happened and advocate for new industry standards.

Net income for the quarter was $47.4 million, or $0.90 per diluted common share. For the six months ended June 30, 2013, reported net income was $97.6 million, or $1.85 per diluted common share.

The expanded presence in Oklahoma City will allow ITC to play a more prominent role in developing a modern grid to support the state's growing economy.

ITC will release consolidated financial results for the quarter ended June 30, 2013 after market close on July 24, 2013 and will conduct a webcast and conference call at 11 a.m. Eastern on Thursday, July 25, 2013.

The senior unsecured notes include $250 million aggregate principal amount of 4.05% senior notes due 2023 and $300 million aggregate principal amount of 5.30% senior notes due 2043.

FERC has approved the companies' joint application for the transaction, under which Entergy will spin off its electric transmission business and merge it into an ITC subsidiary.

ITC Midwest

TH Online - June 5, 2013

The new Salem-Hazleton transmission line closes a “loop” in the high-voltage transmission system, creating a more reliable and customer-friendly power grid.

ITC announced today that its board of directors declared a quarterly cash dividend on ITC common stock of $0.3775 per share, payable on June 17, 2013 to shareholders of record on June 3, 2013.

ITC Great Plains

ITC is happy to report they are making steady progress on the construction phase of the Kansas V-Plan electric transmission line project. Construction of the new Thistle substation east of Medicine Lodge is underway.

ITC Great Plains

Dodge City Daily Globe - May 6, 2013

ITC Great Plains is making progress on its latest project, the V-Plan electric transmission line. The project which began in 2010 is expected to be completed by late next year.

Reported net income for the quarter was $50.2 million, or $0.95 per diluted common share, compared to $46.1 million or $0.88 per diluted common share for the first quarter of 2012.

ITC shareholders have voted in favor of approving the merger agreement announced Dec. 5, 2011, pursuant to which Entergy's transmission business will be separated and merged into ITC.

ITC will release financial results for the quarter ended March 31, 2013 after market close on April 23, 2013 and will conduct a webcast and conference call at 11 a.m. Eastern on Wednesday, April 24, 2013.

ITC Michigan

Michigan.gov - March 21, 2013

The Michigan Department of Natural Resources presented ITC with a Partners in Conservation Award for its sponsorship of the restoration of the former Edsel Ford Haven Hill Estate.

Reported net income for the quarter was $48.3 million, or $0.92 per diluted common share. For the year ended Dec. 31, 2012, reported net income was $187.9 million, or $3.60 per diluted common share.

The special meeting to consider and vote upon certain matters in connection with the transactiowill be held on April 16, 2013 at 9 a.m. Eastern at ITC's corporate headquarters in Novi, Michigan.

The companies are seeking approval to spin off Entergy Texas' electric transmission business and merge it into a subsidiary of ITC per the transaction announced in December 2011.

ITC will release financial results for the fourth quarter and year ended December 31 after market close on February 27 and will conduct a webcast and conference call at 11 a.m. on February 28.

The board of directors has declared a quarterly cash dividend on ITC common stock of $0.3775 per share, payable on March 15, 2013 to shareholders of record on March 1, 2013.

Hinsley will lead IT activities and support all corporate applications including the Transmission Management System and Enterprise Resource Planning for ITC.

The 122-mile transmission line from Medicine Lodge to Spearville will connect eastern and western Kansas to improve electric reliability and enable energy developers to tap into the transmission grid.

The initial stand-alone operating earnings guidance for 2013 is in the range of $4.80 to $5.00 per share. It excludes the impact of after-tax expenses associated with ITC's transaction with Entergy.

Mr. Stephens will serve as an independent board member effective Nov. 8, 2012. He is retired vice chairman and global chief technology officer of General Motors Company.

The board of directors declared a quarterly cash dividend on ITC common stock of $0.3775 per share, payable on Dec. 17, 2012 to shareholders of record on Dec. 3, 2012.

ITC executive vice president and chief financial officer Cameron Bready will address members of the investment community at the 47th Edison Electric Institute Financial Conference in Phoenix on Nov. 13.

Reported net income for the quarter was $51.2 million, or $0.98 per diluted common share. For the nine months ended September 30, 2012, reported net income was $139.6 million, or $2.68 per diluted common share.

The project identifies and proposes a package of high-voltage electric transmission projects designed to relieve system constraints impeding the export of excess energy capacity inter-regionally.

ITC will release consolidated financial results for the quarter ended September 30, 2012 after market close on October 23, 2012 and will conduct a webcast and conference call at 11 a.m. on October 24, 2012.

ITC is conducting aerial patrols of its high-voltage transmission towers and lines across the Lower Peninsula of Michigan during October and early November to provide an overall status of the system.

ITC Great Plains

Salina Journal - September 26, 2012

A high-voltage transmission line being built in western Kansas is expected to be completed six months ahead of schedule. The poles are up and line construction is expected to be finished by November.

Hutchinson News - September 26, 2012

Construction on ITC's high-voltage electric transmission line that will run from Medicine Lodge to Spearville, via Clark County, is now set to begin in November, about six months ahead of schedule.

ITC Entergy Corporation filed a joint application with FERC seeking approval for Entergy to spin off and merge its electric transmission businesses into a subsidiary of ITC.

Schmidt will serve as the business unit head for ITC Great Plains and will be responsible for supporting the company's development efforts in the Great Plains region.

Entergy Louisiana and Entergy Gulf States Louisiana, in conjunction with ITC and ITC Midsouth, filed a joint application with the Louisiana Public Service Commission seeking approval of the transaction.

ITC will release financial results for the quarter ended June 30, 2012 after market close on July 31, 2012 and will conduct a webcast and conference call at 11 a.m. on August 1, 2012.

ITC's board of directors declared a quarterly cash dividend of $0.3775 per share, an increase of approximately 7 percent from the previous quarterly rate of $0.3525 per share.

The 18-mile line and substation were implemented to reduce system congestion, provide more efficient and cost-effective transmission of energy and increase access to a broader range of generation resources.

ITC reported net income for the second quarter of $42.4 million, or $0.81 per diluted common share, and net income of $88.4 million, or $1.70 per diluted common share, for the six months ended June 30, 2012.

ITC operating subsidiaries have sent 63 utility crew members to assist in restoring power to customers affected by the recent storms on the East Coast.

The Thumb Loop project is the largest single project ITC has undertaken. It is critical to supporting transmission upgrades in Michigan's Thumb region.

Cameron Bready has been recognized by Institutional Investor Magazine as one of America's Best CFOs.

A quarterly cash dividend on ITC common stock of $0.3525 per share will be payable on June 15, 2012, to shareholders of record on June 4, 2012.

ITC Great Plains

Hugo Daily News - May 9, 2012
Examiner - May 10, 2012

ITC Great Plains recently donated a house to the Forest Grove Public School in Garvin and provided $10,000 to the Hugo Area Chamber of Commerce to help create a better tourism experience in the Choctaw County area. Click on the links below for news articles on the events.

ITC has won the SF6 Team Leadership Award from the U.S. Environmental Protection Agency (EPA) in recognition of its continued commitment to SF6 emission reductions.

Net income for the first quarter was $46.1 million, or $0.88 per diluted common share, compared to $42.0 million, or $0.81 per diluted common share for the first quarter of 2011.

ITC will release financial results for the first after market close on April 24, 2012 and will conduct a webcast and conference call at 11 a.m. Eastern on Wednesday, April 25, 2012. 

ITCTransmission, has selected Iron Mountain, Michigan-based M.J. Electric to build the first segment of the Thumb Loop high-voltage transmission line in Tuscola and Huron counties.

Sunflower and Mid-Kansas have granted ITC Great Plains the exclusive option to build transmission projects that Sunflower and Mid-Kansas elect not to construct in the region.

Reported net income for the quarter was $42.7 million, or $0.82 per diluted common share, and $171.7 million, or $3.31 per diluted common share, for the year ended December 31, 2011.

Hayes will be responsible for all treasury and cash management activities, financial planning and analysis, management reporting and risk management and insurance functions for the company.

ITC's board of directors has declared a quarterly cash dividend on ITC common stock of $0.3525 per share payable on March 15, 2012, to shareholders of record on March 1, 2012.

ITC Great Plains

The Hays Daily News - February 3, 2012

As far as counties and developers in the wind-rich region of northwest Kansas are concerned, it's a question of which needs to come first, wind farms or the transmission lines, to move electricity produced by spinning turbine blades.

ITC will release financial results for the fourth quarter and year-end 2011 after market close on February 21, 2012, and will conduct a webcast and conference call at 11 a.m. on February 22, 2012.

ITC will build, own and operate portions of four of the MVP projects in the Midwest region. These projects are expected to provide broad regional benefits and support energy policy mandates.

 

Following completion of the transaction, ITC will become one of the largest electric transmission companies in the U.S., with over 30,000 miles of transmission lines from the Great Lakes to the Gulf Coast.

Initial diluted earnings per share guidance for 2012 is in the range of $3.90 to $4.05, excluding any expenses associated with the transaction with Entergy Corporation.

ITC will webcast its 2011 Analyst Day presentation from New York City on Monday, Dec. 5, 2011,from 9 a.m. to approximately noon (Eastern) at the Jumeirah Essex House.

 

A quarterly cash dividend on ITC common stock of $0.3525 per share will be payable on December 15, 2011 to shareholders of record on December 1, 2011.

 

ITC Midwest

ITC Midwest has developed a 840-square-foot rain garden reduce storm water runoff from its 67,000 square-foot warehouse on Ruppert Road.

Executive Vice President, Treasurer & CFO Cameron Bready will address members of the investment community at the 46th Annual Edison Electric Institute Financial Conference in Lake Buena Vista, Fla.

Net income for the third quarter was $44.0 million, or $0.85 per diluted common share, and $129.0 million, or $2.49 per diluted common share, for the nine months ended September 30, 2011.

ITC will release financial results for the third quarter after the market closes on October 26, 2011, and will conduct a conference call to discuss third quarter results on October 27, 2011, at 11 a.m.

The board of directors declared a quarterly cash dividend of $0.3525 per share, an increase of 5.2% from the previous quarterly rate of $0.335 per share.

 

Net income for the second quarter was $43.0 million, or $0.83 per diluted common share. Net income for the six months ended June 30, 2011 was $85.0 million, or $1.64 per diluted common share.

 

ITC will release consolidated financial results for the second quarter ended June 30, 2011, after the market closes on July 27, 2011, and will conduct a conference call to discuss the results on July 28, 2011, at 11 a.m.

 

The 122-mile line will connect eastern and western Kansas to improve electric reliability and enable energy developers to tap into the transmission grid.

 

Net income for the first quarter was $42.0 million, or $0.81 per diluted common share, compared to $34.2 million, or $0.67 per diluted common share for the first quarter of 2010.

 

 

ITC will release financial results for the quarter ended March 31, 2011, after the market closes on April 27, 2011 and will conduct a conference call to discuss the results on April 28, 2011, at 11 a.m.

A quarterly cash dividend on ITC common stock of $0.335 per share is payable on March 15, 2011, to shareholders of record on March 1, 2011.

 

ITC will release financial results for the fourth quarter and year-end 2010 after the market closes on February 22, 2011, and will conduct a conference call to discuss the results at 11:00 a.m. on February 23, 2011.

 

The changes are aligned with the company's overall strategic focus on operational excellence and serving as a leader in the development of a 21st century transmission system for the nation.

 

Senior Vice President and CFO Cameron Bready is scheduled to participate in a panel presentation at the Wells Fargo Energy Symposium on Wednesday, Dec. 8, in New York.

 

A quarterly cash dividend on ITC common stock of $0.335 per share will be payable on December 15, 2010, to shareholders of record on December 1, 2010.

 

Senior Vice President and CFO Cameron Bready will address the investment community at the 45th Annual Edison Electric Institute Financial Conference on Nov. 2, in Palm Desert, California.

 

Net income for the third quarter was $38.4 million, or $0.75 per diluted common share, and $108.9 million, or $2.13 per diluted common share for the nine months ended September 30, 2010.

 

The new five-year plan, for the period of 2011 to 2015, reflects expected investments of approximately $2.57 billion in ITC's base operating companies and approximately $1.36 billion in development projects.

 

The 140-mile project through the Thumb region of Michigan's Lower Peninsula will serve as the "backbone" of a transmission system designed to deliver wind power to locations where it is needed.

 

The second phase of the KETA project involves the construction of an approximately 85-mile, 345,000 volt (345 kV) line through north-central Kansas to the Kansas-Nebraska border.

 

Plaushin leads the Washington, D.C., office where she represents ITC before Congress on legislative matters and works closely with key regulatory agencies, including the Federal Energy Regulatory Commission and the Department of Energy.

 

The route is designed to minimize impacts to residents, their land and the natural environment while providing a technically viable and cost-effective transmission line.

 

The amount of energy produced by this generation is approximately the same as the electric energy consumed by 200,000 homes.

 

Highlights
- 2009 EPS guidance increased to $2.55 to $2.60 per diluted common share
- 2010 EPS guidance increased to $2.60 to $2.70 per diluted common share
- 2009 capital expenditure guidance of $320 million to $345 million and 2010 capital expenditure guidance of $405 million to $460 million reaffirmed 

Midwest ISO Study Shows High Voltage Transmission Backbone Needed To Integrate Significant Renewable Energy.

 

ITC demonstrated its commitment to environmental stewardship and increasing native biodiversity by achieving Wildlife at Work(SM) certification at the ITC transmission corridor at Stony Creek Metropark in Shelby Township, Michigan.

 

Highlights
- Initial 2010 EPS guidance range of $2.52 to $2.62 per diluted common share
- Initial 2010 capital expenditure guidance range of $405 million to $460 million
- 2009 EPS guidance of $2.32 to $2.42 per common share and capital expenditure guidance of $300 million to $345 million reaffirmed
- Five year capital expenditure plan of approximately $3 billion unveiled 

ITC Great Plains purchased two electric transmission substations as part of its ongoing commitment to help Kansas address long-term energy challenges.

 

The NorthWestern partnership is one of several ITC anticipates signing in support of the 3,000 mile, 765 kilovolt (kV) Green Power Express electrical system designed to facilitate the flow of up to 12,000 megawatts (MW) of renewable energy from the upper Midwest to load centers in central Midwest and mid-Atlantic regions of the country.

 

--Highlights ---Net income for the second quarter of $30.8 million, or $0.61 per diluted common share ---Net income for the six months ended June 30, 2009 of $59.5 million, or $1.17 per diluted common share ---Capital investments of $200.4 million for the six months ended June 30, 2009 ---2009 EPS guidance range increased to $2.32 to $2.42 per diluted common share and 2009 capital expenditure guidance increased to $300 million to $345 million 

The Kansas Corporation Commission ruled that ITC Great Plains can construct and own two sections of this important 765 kilovolt (kV) project that will will establish a critical east-west transmission corridor across the state.

 

ITC Great Plains received siting approval to build the first phase of its 345-kilovolt Kansas Electric Transmission Authority (KETA) project, an 89-mile transmission line between Spearville and Hays, Kan.

 

ITC has entered into an agreement with MDU Resources Group, Inc. (MDU) to participate in ITC's Green Power Express transmission project.

 

ITC raised concerns about the lack of needed comprehensive electricity transmission policy reforms included in the American Clean Energy and Security Act (ACES) passed by the U.S. House of Representatives.

 

The companies will concentrate on improving product development lead times, efficiency, technical design, material standardization and life cycle costs.

 

Agreement will resolve KCC V-Plan certification; ITC Great Plains and Prairie Wind Transmission would be authorized to build different segments of the V-Plan, which will run between Spearville and Wichita, Kan.

 

ITC praises U.S. Senate Committee on Energy and Natural Resources bill for removing major roadblocks to the development of much-needed transmission.

 

A program ITC initiated three years ago to reduce emissions from old transmission equipment has resulted in a significant drop in a potent greenhouse gas, Sulfur Hexafluoride (SF6).

 

The Federal Energy Regulatory Commission (FERC) approved Green Power Express LP's request for favorable transmission investment incentives.

 

Chief Financial Officer Edward M. Rahill appointed to President of ITC Grid Development, LLC; Cameron M. Bready named to succeed Rahill as Senior Vice President and CFO.

 

FERC order will support construction of major transmission projects

 

Study shows wind-generated electricity from the upper Midwest can be cost-competitive when connected to the nation's electricity grid via new extra-high voltage transmission lines.

 

Terry S. Harvill, Ph. D., will shape company strategies in response to energy policy issues impacting ITC and its customers, and will advocate energy policy that supports those strategies.

 

The North American Electric Reliability Corporation cites ITC's system security operations as an Example of Excellence as part of its Reliability Readiness Evaluation and Improvement Program.

 

Governor says project can export abundant wind resources and provide more redundancy and reliability in South Dakota's transmission system.

 

The project would facilitate the movement of power from the wind-abundant areas in the Dakotas, Minnesota and Iowa to Midwest load centers that demand clean, renewable energy.

 

Approval would provide ITC with the regulatory certainty required to make significant transmission investments in Kansas and the SPP region.

 

ITC Holdings Corp. has assumed operational control for more than 4,500 miles of transmission lines and 208 substations acquired last year from Alliant Energy in Iowa, Minnesota, Illinois and Missouri.

 

The Elm Creek 230 kV substation near Concordia which provides for interconnection of the Cloud County Wind Farm. The Flat Ridge 138 kV substation near Medicine Lodge which provides for interconnection of the Flat Ridge Wind Farm.

 

ITC remains committed to addressing the historic lack of investment, known reliability and congestion issues, new mandatory reliability standards and the interconnection of renewables.

 

This $46 million Murphy Station project is the largest that ITC has constructed in Michigan. It is designed to address a projected increase in power demands over the next three years.

 

There is a critical need for further electric transmission development in the Upper Midwest to harvest the region's strong wind energy potential.

 

Decision gives ITC the certainty to invest millions of dollars in Oklahoma and supports a growing vision in the state and across the region to build a modern, robust and integrated transmission grid.

 

ITC subsidiaries have sent 37 linemen to work on transmission restoration in Louisiana. The crews from Michigan and Iowa will spend up to two weeks there working on line and station repairs.

 

Mid-Kansas Electric Company, Sunflower Electric Power Corporation designate ITC Great Plains to build Kansas V-Plan

 

Decision benefits renewable and other efficient new generation resources

 

Highlights
- Net income for the second quarter of $28.7 million, or $0.57 per diluted share
- Net income for the first six months of 2008 of $54.2 million, or $1.10 per diluted share
- Investments in property, plant & equipment for six months ended June 30, 2008, for ITCTransmission, METC and ITC Midwest of $72.3 million, $54.1 million and $49.6 million, respectively
- Updated 2008 EPS guidance of $2.00 to $2.05
- 2008 guidance confirmed for investments in property, plant & equipment 

Grants to Greater Cedar Rapids Community Foundation, Job & Small Business Recovery Fund and the Hawkeye Area Community Action Program will help rebuild the community following the June floods.

 

 

"

" 

ITC Holdings Corp. announced net income for the fourth quarter ended December 31, 2005 of $1.7 million or $0.05 per share on a diluted basis, compared with a net loss of $(1.7) million, or $(0.06) per share on a diluted basis for the fourth quarter of 2004.