ITC Holdings Corp. Files 10-K for Fiscal Year Ended December 31, 2006

Mar 08, 2007

NOVI, Mich., March 8, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- ITC Holdings Corp. (NYSE: ITC) filed its Form 10-K with the U.S. Securities and Exchange Commission (the "SEC") on March 8, 2007. ITC's Form 10-K is available on the Company's website at, as well as on the SEC's website at ITC's shareholders are entitled to receive, free of charge, printed copies of the Company's complete audited financial statements by writing to Pat Wenzel, Manager of Investor Relations, ITC Holdings Corp., 39500 Orchard Hill Place, Suite 200, Novi, Michigan 48375 or contacting Investor Relations at 248.374.7200.

About ITC Holdings Corp.

ITC Holdings Corp. (NYSE: ITC) is in the business of electricity transmission infrastructure improvements as a means to improve electric reliability, reduce congestion and lower the overall cost of delivered energy. Through our operating subsidiaries, ITCTransmission and Michigan Electric Transmission Company ("METC"), we are the only publicly traded company engaged exclusively in the transmission of electricity in the United States. We are also the largest independent electric transmission company and the eighth largest electric transmission company in the country based on transmission load served. Our business strategy is to operate, maintain and invest in our transmission infrastructure in order to enhance system integrity and reliability and to reduce transmission constraints. By pursuing this strategy, we seek to reduce the overall cost of delivered energy for end-use consumers by providing them with access to electricity from the lowest cost electricity generation sources. ITCTransmission and METC operate contiguous, fully-regulated, high-voltage systems in Michigan's Lower Peninsula, an area with a population of approximately 9.8 million people, that transmit electricity to local electricity distribution facilities from generating stations throughout Michigan and surrounding areas. Subsidiary ITC Grid Development, LLC expects to focus on partnering with local entities and utilities in regions where significant transmission improvements are needed. The first region in which ITC Grid Development, LLC expects to focus its efforts is the Great Plains region, specifically in Kansas, through the formation of its subsidiary ITC Great Plains, LLC. For more information on ITC Holdings Corp., please visit For more information on ITCTransmission or METC, please visit or, respectively. For more information on ITC Great Plains, please visit (itc-ITC)

SOURCE ITC Holdings Corp.

Investor\Analyst, Pat Wenzel, +1-248-374-7200,, or Media,

Lisa Aragon, +1-248-835-9300,, both of ITC Holdings Corp.

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