ITC, Entergy Get Transaction Approval From FedsITC Holdings Corp. (NYSE: ITC) Friday announced that its proposed buyout of the transmission lines of New Orleans-based Entergy Corp. (NYSE: ETR) has received approval from the Federal Energy Regulatory Commission.
ITC Seeks Federal OK Of Entergy Power Line PurchaseNovi-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.

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