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

Apr 21, 2006

NOVI, Mich., April 21, 2006 /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, 2006 after the market close on Wednesday, May 3.

In addition, ITC will conduct a conference call to discuss first quarter 2006 earnings results at 11:00 a.m. EDT Thursday, May 4th. Joseph L. Welch, president and CEO, will provide a business overview of the first quarter 2006 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 800-289-0473 (domestic) or 913-981-5527 (international); there is no passcode. The conference call replay, available through Friday, May 12th, can be accessed by dialing toll-free 888-203-1112 (domestic) or 719-457-0820 (international), passcode 5425368.

Investors, the news media and the public may listen to a live Internet broadcast of the meeting at http://investor.itc-holdings.com. The webcast also will be archived on the ITC website at http://investor.itc-holdings.com.

About ITC Holdings Corp.

ITC Holdings' operating subsidiary, ITCTransmission, is the first independently owned and operated electricity transmission company in the United States. ITCTransmission owns, operates and maintains a fully- regulated, high-voltage system that transmits electricity to local electric distribution facilities from generating stations in Michigan, other Midwestern states and Ontario, Canada. The local distribution facilities connected to the ITCTransmission system serve an area comprised of 13 southeastern Michigan counties, including the Detroit metropolitan area. For more information on ITC Holdings, please visit http://www.itc-holdings.com. For more information on ITCTransmission, please visit http://www.itctransco.com. (itc-ITC)

SOURCE ITC Holdings Corp.

Investors\analysts: Pat Wenzel, +1-248-374-7200, pwenzel@itctransco.com, or Media:

Lisa Aragon, +1-248-835-9300, laragon@itctransco.com, both of ITC Holdings Corp.

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