William J. Museler Appointed to ITC Holdings Corp. Board of Directors

Nov 15, 2006

NOVI, Mich., Nov 15, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- ITC Holdings Corp. (NYSE: ITC) today announced that William J. Museler has been appointed to its Board of Directors.

"We are thrilled to have Museler accept our invitation to join ITC's Board of Directors," said Joseph L. Welch, president and CEO of ITC Holdings. "We look forward to working with him. His transmission industry experience and impressive qualifications promise to be invaluable to ITC."

Museler comes to ITC Holdings Corp. from his previous position as president and CEO of the New York Independent System Operator (NYISO). A not- for-profit corporation that operates New York's bulk electric transmission system, NYISO has a network that spans more than 11,000 miles. The corporation also manages New York's wholesale energy markets and generated nearly $11 billion in transactions last year.

Prior to his work with NYISO, Museler held senior-level positions with the Tennessee Valley Authority (TVA), the nation's largest public power company, Long Island Lighting Company (LILCO), Long Island's primary electric service provider and the Brookhaven National Laboratory, a multi-program national laboratory.

Museler is currently a member of the Secretary of Energy's Energy Advisory Board (EAB). Previous appointments include -- Federal representative for the North American Electric Reliability Council (NERC) and chairman of the Southeastern Electric Reliability Council (SERC).

William J. Museler is a graduate of Pratt Institute and holds a Bachelor of Science in Engineering Science. In addition, Museler attended Worcester Polytechnic Institute and received a Master of Science in Mechanical Engineering.

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 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 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. (itc-ITC)

SOURCE ITC Holdings Corp.

Investors & Analysts: Pat Wenzel, +1-248-374-7200, pwenzel@itc-holdings.com, or

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



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