ITC Holdings Corp. Schedules Fourth Quarter and Full Year 2006 Earnings Release and Conference Call

Feb 26, 2007

NOVI, Mich., Feb 26, 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 December 31, 2006, after the market close on Wednesday, March 7, 2007.

In addition, ITC will conduct a conference call to discuss fourth quarter and full year 2006 earnings results at 11:00 a.m. EST Thursday, March 8, 2007. Joseph L. Welch, president and CEO, will provide a business overview of the 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) 289-0544 (domestic) or (913) 981-5533 (international); there is no passcode. The conference call replay, available through Saturday, March 17, 2007, can be accessed by dialing toll-free (888) 203-1112 (domestic) or (719) 457-0820 (international), passcode 4488703.

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 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 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 - 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

http://www.itc-holdings.com

 

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