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power grid

Despite Aborted Acquisition, ITC Profits Rise

ITC 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.

WWJ Newsradio 950–02/27/2014

ITC Holdings Revenue, Earnings Rise; Earnings Guidance Narrowed

The 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.

WWJ Newsradio 950–10/31/2013

ITC's new Thumb Loop power lines. ITC Holding photo.

ITC Fires Up First Phase Of New Thumb Power Grid

The grid is now ready for more wind power from Michigan’s thumb.

WWJ Newsradio 950–09/30/2013


ITC Holdings Reports Increased First Quarter 2013 Results

ITC 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.

WWJ Newsradio 950–04/23/2013


ITC Provides Initial 2013 Earnings, Capital Investment Guidance

ITC 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.

WWJ Newsradio 950–11/12/2012


ITC Holdings Reports Increased Third Quarter And Year-To-Date 2012 Results

ITC 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.

WWJ Newsradio 950–10/24/2012


ITC Profits Fall On One-Time Charges

ITC 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.

WWJ Newsradio 950–08/07/2012


ITC Recognized by EPA For Reducing Emissions Of Greenhouse Gas

NOVI — ITC Holdings Corp. (NYSE: ITC) last week announced that it has won the SF6 Team Leadership Award from the U.S. Environmental Protection Agency in recognition of its continued commitment to SF6 emission reductions. The […]

WWJ Newsradio 950–05/06/2012

An overhead view of ITC Holdings' two new transformers in St. Clair County that will make the power grid more efficient and reliable. (Photo: ITC Holdings)

ITC’s Giant New Transformers Will Tune Up The Grid

A 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.

WWJ Newsradio 950–04/04/2012


ITC Selects Michigan Firm For First Phase Of Thumb Loop Transmission Line

Novi-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.

WWJ Newsradio 950–03/04/2012