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Latest ITC Transmission Stories

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...

2014-05-21 16:23:46

NOVI, Mich., May 21, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) announced today that its board of directors declared a quarterly cash dividend on ITC common stock of $0.1425 per share, payable on June 16, 2014 to shareholders of record on June 2, 2014. ITC Holdings Corp. ITC Holdings Corp. (NYSE: ITC) is the nation's largest independent electric transmission company. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand...

2014-05-01 08:27:11

NOVI, Mich., May 1, 2014 /PRNewswire/ -- Highlights -- First quarter 2014 operating earnings of $0.44 per diluted common share; first quarter 2014 reported earnings of $0.43 per diluted common share -- Capital investments of $200.4 million for the three months ended March 31, 2014 -- Reaffirmed 2014 operating earnings per share guidance of $1.83 to $1.90 per diluted share and capital expenditure guidance of $730 to $840 million...

2014-04-17 16:23:19

NOVI, Mich., April 17, 2014 /PRNewswire/ -- ITC Holdings Corp. (NYSE: ITC) today announced that it will release consolidated financial results for the first quarter ended March 31, 2014 before the market opens on May 1, 2014. In addition, ITC will conduct a webcast and conference call on May 1 at 11 a.m. Eastern. Joseph L. Welch, chairman, president and CEO, and Cameron M. Bready, executive vice president and CFO, will discuss the financial results. Individuals wishing to...

2014-04-15 12:23:18

NOVI, Mich., April 15, 2014 /PRNewswire/ -- Highlights -- Five-year capital investment plan of approximately $4.5 billion for 2014 to 2018 -- Forecasted compound annual growth rate in operating earnings per share of 11 to 13 percent -- Projected annual dividend growth in the range of 10 to 15 percent -- Share repurchase program authorized for up to $250 million ITC Holdings Corp. (NYSE: ITC) today announced its new five-year capital investment plan of...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.