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Despite Aborted Acquisition, ITC Profits RiseITC Holdings, the nation's largest publicly traded owner of the power grid, reported sharply higher revenue and net income for the fourth quarter and year ended Dec. 31.
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 Fires Up First Phase Of New Thumb Power GridThe grid is now ready for more wind power from Michigan's thumb.
ITC Holdings Reports Increased First Quarter 2013 ResultsITC Holdings Corp. (NYSE: ITC),l the nation's largest manager of the power grid, reported higher revenue and profit for the first quarter of 2013.
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 Holdings Reports Increased Third Quarter And Year-To-Date 2012 ResultsITC Holdings Corp., the Novi-based owner and manager of a signficant chunk of the nation's electric grid, reported revenue of $214.8 million in the quarter ended Sept. 30, up from $191.3 million a year earlier. For the nine months, revenue was $608.9 million, up from $555.8 million a year earlier.
ITC Profits Fall On One-Time ChargesITC Holdings Corp. (NYSE: ITC) last week reported net income of $42.4 million or 81 cents a share in the second quarter, down from $43 million or 83 cents a share in the second quarter of 2011.
ITC Recognized by EPA For Reducing Emissions Of Greenhouse Gas
ITC's Giant New Transformers Will Tune Up The GridA nearly $50 million investment by Novi-based ITC Holdings, which owns much of the power grid in Michigan, will make electrical service in Michigan, the Midwest and Ontario more efficient and reliable.
ITC Selects Michigan Firm For First Phase Of Thumb Loop Transmission LineNovi-based ITCTransmission, a wholly owned subsidiary of ITC Holdings Corp., the nation's largest independent electricity transmission company, Friday announced it has selected Iron Mountain-based M.J. Electric LLC, a Quanta Services company (NYSE: PWR), to build the first segment of the Thumb Loop high-voltage transmission line.
ITC Holdings Reports Increased Fourth Quarter and Year-End 2011 ResultsThe Novi-based power grid operator ITC Holdings Corp. (NYSE: ITC) reported higher revenue and net income for the fourth quarter and year ended Dec. 31.
ITC Net Income, Revenue RiseITC Holdings Corp. (NYSE: ITC), the power grid manager and operator, Thursday reported third quarter net income of $44 million or 85 cents a share, up from $38.4 million or 75 cents a share a year earlier.

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