ITC Holdings Corp. Schedules First Quarter 2007 Earnings Release and Conference Call

Apr 23, 2007

NOVI, Mich., April 23, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the period ended March 31, 2007, before the market opens on Monday, May 7, 2007.

In addition, ITC will conduct a conference call to discuss first quarter 2007 earnings results at 11:00 a.m. ET Monday, May 7, 2007. Joseph L. Welch, president and CEO, will provide a business overview of the first quarter results, and Edward M. Rahill, senior vice president and CFO, will provide a financial update.

Individuals wishing to participate in the conference call may dial toll- free (866) 293-8972 (domestic) or (913) 312-1232 (international); there is no passcode. The conference call replay, available through Wednesday, May 16, 2007, can be accessed by dialing toll-free (888) 203-1112 (domestic) or (719) 457-0820 (international), passcode 1772834.

Investors, the news media and the public may listen to a live internet broadcast of the meeting at https://www.itc-holdings.com/itc/about-us/fixed-income-investors. The webcast also will be archived on the ITC website at https://www.itc-holdings.com/itc/about-us/fixed-income-investors.

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 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 http://www.itc-holdings.com. For more information on ITCTransmission or METC, please visit http://www.itctransco.com or http://www.metcllc.com, respectively. For more information on ITC Great Plains, please visit http://www.itcgreatplains.com. (itc-ITC)

SOURCE ITC Holdings Corp.

 

Investor or Analyst contact, Pat Wenzel, +1-248-374-7200, pwenzel@itc-holdings.com,

or Media contact, Lisa Aragon, +1-248-835-9300, laragon@itc-holdings.com, both of ITC

Holdings Corp.

http://www.itc-holdings.com

 

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