President & CEO Linda H. Blair and Executive Vice President & CAO, Daniel J. Oginsky to Engage in Panel Discussions on Thursday, March 9
NOVI, Mich., March 6, 2017 – 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.
CERAWeek 2017 will take place from March 6 through March 10, 2017 in Houston, TX. As described by IHS Markit, the event will include speeches, panel discussions and opportunities to network and “provides comprehensive insight into the global and regional energy future by addressing key issues—from markets and geopolitics to technology, project costs, energy and the environment, finance, operational excellence and cyber risks.”
ITC executives will be present at events throughout the week and will participate on two different panel discussions on Thursday, March 9. Those executives and sessions include:
- Linda H. Blair, President and CEO of ITC, who will be a panelist in a Strategic Dialogue, entitled “Electric market structure: Balancing multiple objectives” from 11:25 AM to 12:35 PM. The dialogue is intended to focus on, “North American power systems are responding in a variety of ways to the challenge of implementing the right mix of market forces and regulatory processes to shape power sector outcomes. This session will compare and contrast the evolution of power industry structures in North America.” Ms. Blair will share ITC’s expertise in planning, designing and building regional transmission projects that facilitate the integration of new technologies and generation resources.
- Daniel J. Oginsky, Executive Vice President and Chief Administrative Officer for ITC, who will participate in an Agora Studio discussion called, “Next grid—Will the real digital power grid stand up?” from 5:00 PM to 6:15 PM. The discussion will highlight “cost reductions in sensors, increased reliability in high performance networks, and advanced computational capability is enabling ubiquitous deployment of these technologies in the power sector. The potential for incredible opportunities to unlock and create new value for consumers, electricity providers, service companies, and OEMs is widely recognized.” Mr. Oginsky will provide the business perspective on what the ‘Grid of the Future’ would need to look like to integrate the technologies being discussed.
Commenting on ITC’s participation at CERAWeek, Ms. Blair said, “We are excited to be a part of this event, which brings together leaders across all facets of the global energy industry. ITC is at the forefront of many of the critical elements of developing U.S. transmission lines infrastructure and we are pleased to share our experience and perspective as well as listen and learn from others.”
Also present throughout the week will be the following executives:
- Terry S. Harvill, PH.D., Vice President, ITC Holdings Corp. and President, ITC Grid Development
About ITC Holdings Corp.
ITC, a Fortis company, is the largest independent electricity transmission company in the United States. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, allow new generating resources to interconnect to its transmission systems and lower the overall cost of delivered energy. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load exceeding 26,000 megawatts along approximately 15,800 circuit miles of transmission line with 660 employees and nearly 1,000 contractors across its seven state footprint. ITC’s grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. ITC Holdings Corp. common shares are owned 80.1% by Fortis Inc. and 19.9% by GIC Private Limited. Additional information can be accessed at www.itc-holdings.com.
Cautionary Language Concerning Forward Looking Statements
This document contains certain statements that describe our management’s beliefs concerning future business conditions and prospects, growth opportunities and the outlook for our business and the electricity transmission industry based upon information currently available. Such statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. Wherever possible, we have identified these forward-looking statements by words such as “anticipates”, “believes”, “intends”, “estimates”, “expects”, “projects” and similar phrases. These forward-looking statements are based upon assumptions our management believes are reasonable. Such forward-looking statements are subject to risks and uncertainties which could cause our actual results, performance and achievements to differ materially from those expressed in, or implied by, these statements, including, among other things, the risks and uncertainties disclosed in our annual report on Form 10-K and our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission from time to time.
Because our forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different and any or all of our forward-looking statements may turn out to be wrong. They speak only as of the date made and can be affected by assumptions we might make or by known or unknown risks and uncertainties. Many factors mentioned in our discussion in this document and in our annual and quarterly reports will be important in determining future results. Consequently, we cannot assure you that our expectations or forecasts expressed in such forward-looking statements will be achieved. Actual future results may vary materially. Except as required by law, we undertake no obligation to publicly update any of our forward-looking or other statements, whether as a result of new information, future events, or otherwise.
Media contact: Bob Doetsch, 248-946-3493;RDOETSCH@ITCTRANSCO.COM