International Transmission Company Completes Capital Improvement Project to Improve Service to Major Customer

Dec 10, 2004

International Transmission Company Completes Capital Improvement Project to Improve Service to Major Customer

Expansion to Radka Substation to double electric capacity of Global Engine Alliance Dundee plant

Novi, Mich., Dec. 10, 2004 - International Transmission Company today announced the completion of a project to expand its Radka Substation in Dundee, Michigan. At a cost of $0.5 million, the project supports the expansion of the existing DaimlerChrysler - Hyundai Motor Company - Mitsubishi Motors Corporation joint venture, Global Engine Alliance LLC. The expansion to the Radka substation was completed on November 20 - over a month earlier than the December 31 completion date requested by DaimlerChrysler. The substation's expansion doubles the electric capacity of the 270-acre site. "Electric reliability is a major factor in the success of this plant," said David Lyons, Energy Planning Manager at DaimlerChrysler. "International Transmission Company has been extremely reliable, and the plant is fully supported with the energy it needs." In a statement issued by the Office of the Governor, Jennifer Granholm announced that the plant expansion is expected to create 172 jobs in the first year and 400 over a 5-year period. According to an economic analysis conducted by the University of Michigan, another 736 jobs could be created indirectly as a result of the increased economic activity the plant will generate. "The expansion to the Radka Substation will contribute substantially to the ability of Global Engine Alliance to expand its plant," said Joseph Welch, president and CEO of International Transmission. "Adding onto the facility is good for the car companies, good for the job market, and ultimately good for the state of Michigan. It's a win-win for everyone."

Contact:
International Transmission Company
Lisa Roseland
248.374.7294
lroseland@itctransco.com