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Electric Transmission Purchase

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ITC Seeks Federal OK Of Entergy Power Line Purchase

Novi-based ITC Holdings Corp. (NYSE: ITC) and New Orleans-based Entergy Corp. (NYSE: ETR) filed a joint application Monday with the Federal Energy Regulatory Commission seeking approval for Entergy’s utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC.

WWJ Newsradio 950–09/24/2012