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

Oct 19, 2006

NOVI, Mich., Oct 19, 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 September 30, 2006 after the market close on Wednesday, November 1st.

In addition, ITC will conduct a conference call to discuss Third Quarter 2006 earnings results at 11:00 a.m. EST Thursday, November 2nd. Joseph L. Welch, president and CEO, will provide a business overview of the Third 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 (888) 802-2279 (domestic) or (913) 312-1265 (international); there is no passcode. The conference call replay, available through Sunday, November 12th, can be accessed by dialing toll-free (888) 203-1112 (domestic) or (719) 457-0820 (international), passcode 1813644.

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 and available at the same site.

About ITC Holdings Corp.

ITC Holdings Corp. is in the business of investing in 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 tenth 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. Recently announced subsidiary ITC Grid Development, LLC will 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 will 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.

SOURCE ITC Holdings Corp.

 

Media, Lisa Aragon, +1-248-835-9300, laragon@itc-holdings.com, or Investors/Analysts,

Pat Wenzel, +1-248-374-7200, pwenzel@itc-holdings.com, both of ITC Holdings

http://www.itc-holdings.com

 

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