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Newsroom
12/08/2008 | FOR IMMEDIATE RELEASE
ITC Great Plains to Purchase Two Interconnection Substations in Kansas
Acquisition extends partnership with Mid-Kansas Electric Company and provides ITC Great Plains with new transmission assets
Topeka, Kan., December 8, 2008 - ITC Great Plains LLC (ITC Great Plains)
today announced the purchase of two interconnection substations in Kansas as part
of a strategic partnership with the Mid-Kansas Electric Company, LLC (Mid-Kansas).
The first asset is the Elm Creek 230 kV substation located near Concordia which
provides for interconnection of the Cloud County Wind Farm. The second asset is
a 138 kV substation located in eastern Barber County near Medicine Lodge which
provides for interconnection of the Flat Ridge Wind Farm.
"By acquiring these assets, ITC Great Plains can continue its vision to build a
21st-century transmission grid in Kansas," said Carl Huslig, ITC Great Plains
president. "Kansas needs a robust energy superhighway to reliably deliver energy
throughout the region, and this acquisition today positions ITC Great Plains to
build transmission projects to meet future energy demands."
"Mid-Kansas is pleased to further its partnership with ITC Great Plains to ensure
he continued development of a robust and reliable transmission grid for Kansans,"
said Alan Miller, chairman of, Mid-Kansas.
Closing the transaction is contingent upon approval from the Kansas Corporation
Commission to amend ITC Great Plains' certificate of public convenience and authority
and from the Federal Energy Regulatory Commission (FERC) to recover the costs of
the two substations.
In September of this year, Mid-Kansas, along with the Sunflower Electric Power
Corporation (Sunflower), designated ITC Great Plains to build two of the three
sections of transmission line comprising the Kansas V-Plan, the largest electric
infrastructure project proposed in Kansas in nearly 25 years. Once constructed the
transmission line will support movement of economic and market energy, improve
efficient energy transfers and increase reliability throughout Kansas and the
Southwest Power Pool region. The third section of the V-Plan line was offered to
Westar Energy (Westar) as part of a collaborative venture among multiple utilities.
About ITC Holdings Corp.
ITC Holdings Corp. (NYSE: ITC) invests in the electricity transmission grid to improve
electric reliability, improve access to markets and lower the overall cost of delivered
energy. ITC is the largest independent electricity transmission company in the country.
Through its subsidiaries, ITCTransmission, Michigan Electric Transmission Company, LLC
(METC) and ITC Midwest LLC, ITC operates regulated, high-voltage transmission systems
in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois and Missouri,
serving a combined peak load in excess of 25,000 megawatts. ITC is also focused on new
areas where significant transmission system improvements are needed such as Kansas and
Oklahoma through subsidiaries ITC Grid Development, ITC Great Plains and ITC Panhandle
Transmission. For more information, please visit:
http://www.itc-holdings.com. (itc-ITC)
About ITC Great Plains
ITC Great Plains was formed in July 2006 as a subsidiary of ITC Grid Development, a
wholly-owned subsidiary of ITC Holdings Corp. ITC Great Plains is a transmission-only
utility which seeks to build a more robust electric transmission system so that every
electric customer in SPP will have access to reliable, non-discriminatory, competitive
and low-cost energy. ITC Great Plains was granted transmission-only utility status in
Kansas and has a utility status application pending in Oklahoma which provides the ability
for ITC Great Plains to own and operate a fully-regulated, high-voltage transmission system
that transmits electricity to local electricity distribution facilities from generating
stations throughout the SPP region. ITC Great Plains is committed to working with all
stakeholders to identify and solve transmission issues throughout SPP.
About Mid-Kansas Electric Company LLC
Mid-Kansas Electric Company, LLC (Mid-Kansas) serves more than 69,000 consumers through
meters located in or near 176 communities in 32 counties in central and western Kansas.
Mid-Kansas operates 1,083 miles of high-voltage transmission line, and 5,348 miles of
distribution line. The network also includes 662 megawatts of natural gas, coal-fired
and wind generation at six central and western Kansas locations.
Media contact:
Kimberly Gencur Svaty (913.486.4446, kgencur@gencursvaty.com)
Investors/Analysts Contact:
Pat Wenzel, (248.946.3570, pwenzel@itc-holdings.com)
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