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About Us
In 1994, the Michigan Public Service Commission (MPSC) issued an order outlining a limited program that would allow customers to choose alternate suppliers of generation for the territories covered by Detroit Edison and Consumers Energy. This was the first step toward implementing electric retail choice in Michigan.
Two years later, the Federal Energy Regulatory Commission (FERC) issued Order No. 888, directing utilities to file Open Access Transmission Tariffs (OATTs), breaking the host utility's monopoly on the transmission system and allowing any electric marketer to use the host utility's transmission lines for a cost-based fee.
Later that year, Detroit Edison and Consumers Energy, which had been working in partnership through the Michigan Electric Power Coordination Center, applied for and received approval from FERC for a Joint Open Access Transmission Tariff. This ensured that only a single rate would be charged for transmission throughout most of the lower peninsula of Michigan.
In November 1999, ITCTransmission was created as an independently functioning business unit within Detroit Edison. This was the first step in the formation of a truly independent, stand-alone transmission company. In May 2000, ITCTransmission, Detroit Edison and DTE Energy filed a joint application with FERC, seeking permission to transfer all jurisdictional transmission assets from Detroit Edison to ITCTransmission. This permission was granted in June of 2000.
On June 1, 2001, ITCTransmission began operations as a wholly owned subsidiary of DTE Energy. In December of that year, ITCTransmission joined the Midwest Independent System Operator (MISO), a FERC-approved regional transmission organization. It was the first company to join MISO under Appendix I of the MISO agreement, which allowed an independent transmission company certain freedoms to continue operation as a for-profit stand-alone business.
On December 3, 2002, DTE announced an agreement to sell ITCTransmission to affiliates of Kohlberg Kravis Roberts & Co. (KKR) and Trimaran Capital Partners L.L.C. for $610 million. The FERC order approving this sale was issued on February 20, 2003.
On February 28, 2003, ITCTransmission became a stand-alone transmission company following the sale of transmission assets from DTE Energy. Following a brief transition period, it shared no employees with any other market participant and no employee owned stock in any other market participant (utility) company.
On April 8, 2004, ITCTransmission became the country's first fully independent transmission company after they completed the transition by assuming construction and maintenance activities from DTE Energy and after "going live" in the Operations Control Room. This distinction as the first independently owned and operated transmission company was recognized by FERC Chairman Pat Wood when he stated "ITCTransmission is the first truly stand-alone, independent transmission company in the United States of America, and has accomplished this remarkable goal within its first year of existence. Let it serve as an example as we strive to provide reliable, affordable energy to customers across the country."
On July 26, 2005, ITCTransmission's parent company, ITC Holdings Corp., began trading on the New York Stock Exchange, representing an industry milestone. This important step affirms the validity of the independent transmission company business model and allows the company to continue to invest in improving the electric reliability of Southeast Michigan.
In July 2006, ITC Great Plains opened its doors in Topeka, Kansas. We were granted utility status in Kansas on June 5, 2007. We filed for utility status in Oklahoma on July 6, 2007 - the application is pending before the Oklahoma Corporation Commission.
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