International Transmission Co. Marks First Year as Independent Company

Mar 01, 2004

Novi, Mich., March 1, 2004 - International Transmission Company today celebrates its first year as an independently owned, for-profit business, moving electricity from power generating facilities in Michigan and the Midwest to customers in southeastern Michigan. Most notably during its first year, the company has made good on its commitment to invest in the reliability of the electric transmission grid that serves a population of 4.9 million people.

"We've had to travel at Autobahn speed," said Joe Welch, President and CEO of International Transmission, "all while maintaining and improving reliable, quality service to our customers and organizing the infrastructure of our business operation."

In its first year of independent operation, International Transmission began several major infrastructure improvement projects designed to increase transmission system capacity. The Jewell-Spokane project, set to break ground this month, will significantly reduce system congestion, resulting in $64.4 million in savings to consumers in southeastern Michigan.

International Transmission formed as the result of the divestiture by DTE Energy of its electric transmission assets to comply with the Federal Energy Regulatory Commission (FERC) and Michigan policy initiatives to promote an independent power transmission grid.

One of the requirements that International Transmission had to meet was a mandate by FERC to cut its ties completely from its former parent within one year. The company has achieved that goal, according to Welch.

"As of March 1, International Transmission is fully capable of performing all functions of its business on its own," said Welch, "we've learned to walk, and now are able to run."

Welch said that some functions would operate in parallel to those of DTE for several months, as a backup to ensure total customer satisfaction, reliability and safety. Welch said, for instance, that International Transmission's Operations Control Room would run in parallel with DTE's System Operations Center.

The company also relocated its headquarters during its first year. Formerly headquartered in Ann Arbor, the company now operates out of a state-of-the-art new facility in Novi. It made the move to accommodate the growth from its original 38 people to its current staffing level of 104. Of that total number, approximately 15 operational staff members remain at the Michigan Electric Power Coordination Center, International Transmission's technical operations facility in Ann Arbor.

Contact:
Lisa Roseland
International Transmission Co.
248/374-7294
lroseland@itctransco.com

Michelle Martin
Franco Public Relations Group
313/567-5008
martin@franco.com