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  • Projects and Initiatives

    Projects and Initiatives

    The electric system improvements to Ann Arbor region will enhance the reliability of electric service to the area and create additional capacity to support growth throughout the region. Construction continues on schedule and is anticipated to be completed by early 2019.

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    ITC Holdings Inc. and CIPCO share an integrated system area in Iowa to transmit electricity to residents in both rural and urban areas. Gary Slaby, vice president utility operations for CIPCO, details the partnership and its benefits.

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    A Modern Power Grid

    WIRES recently applauded the Federal Energy Regulatory Commission’s (FERC) decision to proceed on Grid Resiliency, asserting that a robust transmission grid offers resource diversity and operational flexibility that is critically important to prevent, mitigate and recover from service disruptions.

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    Operational Excellence

    ITC’s operational excellence continues as it recorded a .5 incident rate in 2017 compared to the EEI average of 1.5. The lost work day rate at .15 was also considerably lower than the EEI average of .45. 

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    ITC partnered with the Michigan Science Center to host a special Arbor Day program for students throughout Michigan. The program will highlight the museum’s new ECHO Distance Learning Program that uses video conferencing to connect classrooms to a museum educator in real time.

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Financial News Releases

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  • Posted Dec 12, 2016

    ITC Holdings Corp. Announces New Board Appointments

    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.
    Read More
  • Posted Oct 11, 2016

    Kansas Corporation Commission Approves Fortis Inc. Acquisition of ITC Holdings Corp.

    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.
    Read More
  • Posted Sep 23, 2016

    Public Service Commission of Wisconsin Votes to Approve Fortis Inc. Acquisition of ITC Holdings Corp.

    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.
    Read More
  • Posted Aug 16, 2016

    Fortis Inc. Acquisition of ITC Holdings Corp. Approved by Oklahoma Corporation Commission

    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.
    Read More
  • Posted Jul 28, 2016

    ITC Reports Second Quarter and Year-to-Date 2016 Results

    ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended June 30, 2016.
    Read More
  • Posted Jul 14, 2016

    ITC Schedules Second Quarter 2016 Earnings Release

    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.
    Read More
  • Posted Jun 29, 2016

    ITC Holdings Prices $400.0 million Debt Offering

    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.
    Read More
  • Posted May 25, 2016

    ITC Announces Corporate Leadership Changes

    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.
    Read More
  • Posted May 25, 2016

    Rejji P. Hayes Promoted to Executive Vice President and Chief Financial Officer for ITC Holdings Corp.

    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.
    Read More
  • Posted May 19, 2016

    ITC Holdings Corp. Sets Special Shareholder Meeting Date To Vote On Transaction With Fortis Inc.

    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).
    Read More
  • Posted Apr 28, 2016

    ITC Reports First Quarter 2016 Results

    ITC Holdings Corp. (NYSE: ITC) announced today its results for the quarter ended March 31, 2016.
    Read More
  • Posted Apr 20, 2016

    Fortis Completes The Minority Investor Process In Connection With The Pending Acquisition Of ITC Holdings Corp.

    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.
    Read More
  • Posted Apr 14, 2016

    ITC Schedules First Quarter 2016 Earnings Release and Webcast

    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.
    Read More
  • Posted Feb 25, 2016

    ITC Reports Fourth Quarter and Year Ended 2015 Results

    ITC Holdings Corp. (NYSE: ITC) announced today its results for the fourth quarter and year ended December 31, 2015.
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  • Posted Feb 11, 2016

    ITC Schedules Year-End 2015 Earnings Release and Webcast

    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.
    Read More
  • Posted Nov 30, 2015

    ITC Holdings Announces Review of Strategic Alternatives

    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.
    Read More
  • Posted Nov 18, 2015

    ITC Declares Dividend to 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.
    Read More
  • Posted Nov 18, 2015

    Gretchen Holloway Appointed Treasurer For ITC Holdings Corp.

    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.
    Read More
  • Posted Nov 05, 2015

    ITC Reports Continued Strong Performance for Third Quarter and Year-to-Date 2015 Results

    ITC Holdings Corp. (NYSE: ITC) announced today its results for the third quarter and nine month period ended September 30, 2015.
    Read More
  • Posted Oct 01, 2015

    ITC Announces $115 Million Share Repurchase Program

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