FINANCIAL NEWS RELEASES

  • 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… READ MORE

  • 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… READ MORE

  • ITC HOLDINGS CORP. ANNOUNCES NEW BOARD APPOINTMENTS

    NOVI, Mich., Dec. 12, 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. The new board members… READ MORE

  • KANSAS CORPORATION COMMISSION APPROVES FORTIS INC. ACQUISITION OF ITC HOLDINGS CORP.

    All Regulatory Approvals Necessary to Close Transaction Now Received ST. JOHN’S, Newfoundland and Labrador and NOVI, Mich., Oct. 11, 2016 — 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… READ MORE

  • PUBLIC SERVICE COMMISSION OF WISCONSIN VOTES TO APPROVE FORTIS INC. ACQUISITION OF ITC HOLDINGS CORP.

    St. John’s, Newfoundland and Labrador and Novi, Michigan (September 23, 2016): 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… READ MORE

  • FORTIS INC. ACQUISITION OF ITC HOLDINGS CORP. APPROVED BY OKLAHOMA CORPORATION COMMISSION

    St. John’s, NL and Novi, Michigan (August 16, 2016):  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… READ MORE

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

    NOVI, Mich., July 28, 2016 — Highlights  Second quarter 2016 reported earnings of $0.46 per diluted common share; second quarter 2016 operating earnings of $0.58 per diluted common share  Reported earnings for the six months ended June 30, 2016 of $0.88 per diluted common share; operating earnings for the six months ended June 30, 2016 of… READ MORE

  • ITC SCHEDULES SECOND QUARTER 2016 EARNINGS RELEASE

    NOVI, Mich., July 14, 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… READ MORE

  • ITC HOLDINGS PRICES $400.0 MILLION DEBT OFFERING

    NOVI, Mich., June 29, 2016 — 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. The net proceeds from… READ MORE

  • ITC ANNOUNCES CORPORATE LEADERSHIP CHANGES

    Organizational changes are latest steps to support company’s business unit focus, maintain a strong leadership team, and position the company for long-term success NOVI, Mich., May 25, 2016 — 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… READ MORE

  • REJJI P. HAYES PROMOTED TO EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER FOR ITC HOLDINGS CORP.

    NOVI, Mich., May 25, 2016 — 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. Mr. Hayes continues to be responsible for the company’s accounting, internal audit, investor relations, treasury, financial planning and analysis, management reporting, mergers and acquisitions,… READ MORE

  • ITC HOLDINGS CORP. SETS SPECIAL SHAREHOLDER MEETING DATE TO VOTE ON TRANSACTION WITH FORTIS INC.

    Special Shareholder Meeting to be held on June 22, 2016 at ITC’s Headquarters NOVI, Mich., May 19, 2016 — 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…. READ MORE

  • ITC Reports First Quarter 2016 Results

    NOVI, Mich., April 28, 2016 — Highlights First quarter 2016 operating earnings of $0.55 per diluted common share increased over the same period last year; first quarter 2016 reported earnings of $0.42 per diluted common share Capital investments of $176.6 million for the three months ended March 31, 2016 ITC Holdings Corp. (NYSE: ITC) announced… READ MORE

  • FORTIS COMPLETES THE MINORITY INVESTOR PROCESS IN CONNECTION WITH THE PENDING ACQUISITION OF ITC HOLDINGS CORP.

    FOR IMMEDIATE RELEASE: Novi, Michigan (April 20, 2016): FORTIS COMPLETES THE MINORITY INVESTOR PROCESS IN CONNECTION WITH THE PENDING ACQUISITION OF ITC HOLDINGS CORP. FORTIS TO PARTNER WITH GIC 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%… READ MORE

  • FORTIS COMPLETES THE MINORITY INVESTOR PROCESS IN CONNECTION WITH THE PENDING ACQUISITION OF ITC HOLDINGS CORP.

    FORTIS TO PARTNER WITH GIC NOVI, Mich., April 20, 2016 — 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… READ MORE

  • ITC SCHEDULES FIRST QUARTER 2016 EARNINGS RELEASE AND WEBCAST

    NOVI, Mich., April 14, 2016 — 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. In addition, ITC will conduct a webcast and conference call at 10 a.m. Eastern on April 28, 2016. Joseph L…. READ MORE

  • ITC REPORTS FOURTH QUARTER AND YEAR ENDED 2015 RESULTS

    NOVI, Mich., Feb. 25, 2016 — Highlights Full-year 2015 operating earnings of $2.08 per diluted common share; full-year 2015 reported earnings of $1.56 per diluted common share Fourth quarter 2015 operating earnings of $0.57 per diluted common share; fourth quarter 2015 reported earnings of $0.24 per diluted common share Full-year 2015 capital investments of $771.4… READ MORE

  • ITC SCHEDULES YEAR-END 2015 EARNINGS RELEASE AND WEBCAST

    NOVI, Mich., Feb. 11, 2016 — 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. In addition, ITC will conduct a webcast and conference call at 11 a.m. Eastern on February 25, 2016. Joseph… READ MORE

  • ITC HOLDINGS ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES

    ITC Holdings Announces Review of Strategic Alternatives NOVI, Mich., November 30, 2015 – ITC Holdings Corp. (NYSE: ITC), in response to recent media reports, 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… READ MORE

  • GRETCHEN HOLLOWAY APPOINTED TREASURER FOR ITC HOLDINGS CORP.

    NOVI, Mich., Nov. 18, 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. Ms. Holloway is now responsible for treasury along with financial planning and analysis, and risk management functions. “Gretchen has contributed strong financial leadership to ITC, and… READ MORE