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.
Mississippi Regulators Reject Power Line Purchase By Novi's ITCThe 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.
In The Spotlight: Your Warm Heart Can Warm A HomeFor thousands of Michigan families, even their own home cannot protect them from the harshness of a Michigan winter. As temperatures drop, the cost to heat a home increases and, for many Michigan residents, energy is simply unaffordable. Soon many of our state’s most vulnerable citizens will be forced to make tough choices between heating their homes, paying their rent or mortgage, and taking care of other critical needs, such as buying food or medicine. The Heat and Warmth Fund (THAW) has been providing energy assistance to Michigan residents in need since 1985. THAW works with 82 partner agencies across the state to deliver energy assistance for gas, electric and deliverable fuels such as wood and propane. In addition to providing emergency energy relief, THAW is developing prevention-based tools and programs to help at-risk families before they have to suffer the devastating effects of shut off. Last year, THAW distributed more than $14 million in energy assistance to 15,000 Michigan households. More than 70% of those households had a child or senior in the home. The young and the elderly are especially vulnerable to the cold. More than 20,000 Michigan children lived in a household that received THAW assistance last year and 7,000 of those children were between newborn to preschool age. Help us keep vulnerable residents safe and warm this winter by making a donation to THAW today. Thanks to your support a single mom will be able to provide warm meals for her children, a senior citizen won’t have to choose between medication or heat, a child will have light to do homework by and a family can feel safe and warm in their own home. Every dollar you donate makes an immediate impact on the lives of those facing a winter without heat and lights. There are many ways you can support THAW. Together we can make a difference. Online: www.thawfund.org/support-our-work Phone: 1-800-866-THAW Mail: Department Number 77650, PO Box 77000, Detroit, MI 48227 If you are in need of assistance, call THAW’s toll-free number 1-800-866-8429 or visit www.thawfind.org to find the agency nearest you. ITC supports THAW and has sponsored this message.
ITC Fires Up First Phase Of New Thumb Power GridThe grid is now ready for more wind power from Michigan's thumb.
ITC Holdings Increases Quarterly Dividend Rate By 13 PercentITC Holdings Corp. (NYSE: ITC) announced that its board of directors declared a quarterly cash dividend of 42.5 cents a share, an increase of 13 percent from the previous quarterly rate of 37.75 cents a share.
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 Shareholders Approve Merger of Entergy's Transmission BusinessITC Holdings Corp. (NYSE: ITC) shareholders today voted to approve the proposed merger of the transmission business of New Orleans-based Entergy Corp. into ITC.
ITC Holdings Reports Higher Revenue, Net IncomeITC Holdings Corp. (NYSE: ITC) reported higher revenue and net income for the fourth quarter and year ended Dec. 31.
ITC Holdings Corp. Declares Dividend to ShareholdersITC Holdings Corp. (NYSE: ITC) announced Wednesday that its board of directors declared a quarterly cash dividend on ITC common stock of 37.75 cents a share.
HR Notices From January 7The latest staffing, boardroom and leadership news from Michigan's technology-focused companies, institutions and groups
ITC Great Plains Fires Up Another Section Of Kansas Power LineITC Great Plains LLC, a subsidiary of Novi-based ITC Holdings Corp., has placed Phase II of the Kansas Electric Transmission Authority high-voltage electric transmission project into service, marking completion of the project.
HR Notices From November 14The latest staffing, leadership and boardroom news from Michigan's technolgy-focused companies, institutions and organizations
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 Offers Update On Thumb Loop For Wind PowerNovi-based ITC Holdings Corp. provided an update on its Thumb Loop project for local officials in an "appreciation event" attended by about 60 people Tuesday.
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.