SD Governor Rounds on Green Power Express: 'A great economic development opportunity'

Feb 10, 2009

NOVI, Mich., Feb 10, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- South Dakota Governor Mike Rounds said today that he is encouraged by ITC's just-announced "Green Power Express," a major transmission development project that will connect wind-rich Midwestern regions with population centers to the east.

"The proposed project is a great economic development opportunity for South Dakota," said Rounds. "This project will provide new transmission lines that can export our abundant wind resource to higher population areas in the east. This project's new transmission lines will also provide more redundancy in South Dakota's transmission system which will improve the reliability of South Dakota's power system. My staff has been discussing transmission with ITC for some time and we are encouraged by the proposed Green Power Express."

Joseph L. Welch, chairman, president and CEO of ITC, was enthusiastic about the endorsement, "We're thrilled to have the support of Governor Rounds and to help put South Dakota's plentiful natural resources to work for America. The Green Power Express will improve electricity reliability for customers in the region and help address our national energy challenges."

About ITC Holdings Corp.

ITC Holdings Corp. (NYSE: ITC) invests in the electricity transmission grid to improve electric reliability, improve access to markets, and lower the overall cost of delivered energy. ITC is the largest independent electricity transmission company in the country. Through its subsidiaries, ITCTransmission, Michigan Electric Transmission Company (METC) and ITC Midwest, ITC operates contiguous, regulated, high-voltage transmission systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois and Missouri, serving a combined peak load in excess of 25,000 megawatts. ITC is also focused on new areas where significant transmission system improvements are needed through subsidiaries ITC Grid Development, ITC Great Plains and ITC Panhandle Transmission. For more information, please visit: (itc-ITC)

SOURCE ITC Holdings Corp.

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