ITC Holdings Revenue, Earnings Rise; Earnings Guidance NarrowedThe Novi power grid owner ITC Holdings Corp. (NYSE: ITC) Thursday reported net income of $59 million or $1.12 a share in the third quarter ended Sept. 30, up from $51.2 million or 98 cents a share in the third quarter of 2012.
ITC Revenue, Profits Rise In Second Quarter, Six MonthsNovi-based ITC Holdings Corp. (NYSE: ITC), the nation's largest independent electric transmission company, reported net income of $47.4 million or 90 cents a share in the second quarter ended June 30, up from $42.4 million or 81 cents a share in the same quarter a year earlier.
ITC Provides Initial 2013 Earnings, Capital Investment GuidanceITC Holdings Corp. Monday provided initial stand-alone operating earnings guidance for 2013 in the range of $4.80 to $5 a share. The operating earnings guidance provided is a non-GAAP measure which excludes the impact of after-tax expenses associated with ITC's transaction with Entergy Corp.
ITC Crews Assisting With East Coast Storm RestorationITCTransmission, Michigan Electric Transmission Co. and ITC Midwest, operating subsidiaries of ITC Holdings Corp. (NYSE: ITC), have sent 63 utility crew members to assist in restoring power to customers affected by the recent storms on the East Coast.