Novi-based ITC Holdings Corp. (NYSE: ITC) Friday announced it would give up on a $1.8 billion transaction to buy the high-voltage power lines of the New Orelans utility Entergy.
The Mississippi Public Service Commission has rejected a proposed transaction to spin off Entergy’s power lines in the state to Novi-based ITC Holdings Corp.
ITC Holdings Corp. has scheduled an April 16 special meeting of shareholders to vote on its acquisition of the electric transmission business of Entergy Corp.
ITC Holdings Corp. and New Orleans-based Entergy Corp. said Wednesday that they have initiated a multi-state and federal regulatory process per an agreement announced on Dec. 5, 2011, that calls for Entergy’s utility operating companies to spin off and merge their electric transmission businesses with a subsidiary of ITC.
ITC Holdings Corp. (NYSE: ITC) Monday announced a deal with a New Orleans utility holding company that will roughly double the size and geographic reach of ITC’s electric grid assets.