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Latest ITC Holdings Corp. Stories

2014-08-13 16:22:47

NOVI, Mich., Aug. 13, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend of $0.1625 per share, an increase of approximately 14 percent from the previous quarterly rate of $0.1425 per share. This represents the ninth consecutive year that ITC has raised the dividend rate on its common stock. The quarterly cash dividend is payable on September 15, 2014 to shareholders of record on September 2, 2014. "We...

2014-08-13 16:22:27

Rejji P. Hayes Named as Senior Vice President and Chief Financial Officer NOVI, Mich., Aug. 13, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that Rejji P. Hayes has been named as a senior vice president and the company's permanent chief financial officer, effective immediately. Mr. Hayes will also continue in the role of treasurer. ITC also announced the appointment of Albert Ernst and Dave Lopez to its board of directors, effective immediately. As CFO,...

2014-08-06 08:25:32

NOVI, Mich., Aug. 6, 2014 /PRNewswire/ -- Highlights -- Second quarter 2014 operating earnings of $0.46 per diluted common share increased over the same period last year; second quarter 2014 reported earnings of $0.34 per diluted common share -- Operating earnings for the six months ended June 30, 2014 of $0.90 per diluted common share increased over the same period last year; reported earnings for the six months ended June 30, 2014 of $0.78 per...

2014-07-23 16:22:31

NOVI, Mich., July 23, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the second quarter ended June 30, 2014 before the market opens on August 6, 2014. In addition, ITC will conduct a webcast and conference call at 11 a.m. Eastern on August 6, 2014. Joseph L. Welch, chairman, president and CEO, and Rejji P. Hayes, vice president, treasurer and interim CFO, will discuss the financial results. Individuals...

2014-06-20 08:20:57

NOVI, Mich., June 20, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that it has entered into an accelerated share repurchase program (ASR) with JPMorgan Chase Bank, National Association ("JPMorgan") for up to $150 million of the company's common stock. The ASR is part of ITC's board-approved share repurchase program authorizing the repurchase of up to $250 million through December 31, 2015, as originally announced on April 15, 2014. "This ASR demonstrates ITC's...

2014-06-02 16:21:42

NOVI, Mich., June 2, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced the final results of its previously announced cash tender offer for any and all of its outstanding $255,000,000 aggregate principal amount of 5.875% Senior Notes due 2016 (the "2016 Senior Notes") and its outstanding $255,000,000 aggregate principal amount of 6.375% Senior Notes due 2036 (the "2036 Senior Notes" and, together with the 2016 Senior Notes, the "Notes"). As of 11:59 p.m., New York...

2014-05-29 16:23:00

NOVI, Mich., May 29, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that The Public Service Commission of Wisconsin (PSCW) has approved its applications to become an authorized public utility holding company in the state and for its operating subsidiary ITC Midwest LLC to become a Wisconsin public utility. The approvals issued by the PSCW on May 7 represent ITC Midwest's first step toward developing its portion of a regional transmission project in Wisconsin and...

2014-05-28 16:28:09

NOVI, Mich., May 28, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that it has priced an underwritten public offering of $400 million aggregate principal amount of 3.65% senior unsecured notes due 2024 (the "notes"). The offering is expected to close on June 4, 2014, subject to customary closing conditions. The net proceeds from this offering will be used to repay borrowings under ITC Holdings' revolving credit agreement that will be used to purchase ITC's...

2014-05-22 16:22:12

NOVI, Mich., May 22, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that Daniel J. Oginsky has been promoted to executive vice president and general counsel. He previously served as senior vice president and general counsel. Mr. Oginsky is responsible for the legal affairs of the company and oversees ITC's Legal Department, which includes the legal, corporate secretary, real estate, contract administration and corporate compliance functions. Prior to joining ITC...

2014-05-21 16:23:55

Rejji P. Hayes Appointed Interim CFO NOVI, Mich., May 21, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that Cameron M. Bready, executive vice president and CFO, will resign from the company effective June 20, 2014 to accept a senior leadership position with a technology firm based in Atlanta, Ga. Rejji P. Hayes, the current vice president of Finance and Treasurer of ITC, has been named the company's interim CFO. Mr. Hayes is currently responsible for all...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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