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Newsroom
3/22/2007 | FOR IMMEDIATE RELEASE
ITC Holdings Corp. Named Finalist for Edison Award
Award honors U.S. and international utilities for outstanding contributions to the industry
Novi, Michigan - March 22, 2007 - ITC Holdings Corp. (NYSE: ITC), an independent electricity
transmission company, has been named a finalist for the 2007 Edison Award, the electric
industry's highest honor, by the Edison Electric Institute (EEI).
Given annually by EEI, the Edison Award honors one U.S. and one international utility company for
outstanding contributions to the industry. A committee of national industry trade publication editors
selects the finalists, and a panel of past and current EEI Chairmen selects the ultimate winners.
ITC is a finalist for the national award.
ITC, the nation's first fully independent transmission company, is being recognized for helping
redefine the electric industry. Since it began operations in 2003, ITC, through its subsidiaries
ITCTransmission and Michigan Electric Transmission Company (METC), has invested over $500
million in capital expenditures and maintenance to carry out its mission of upgrading and
maintaining its transmission grid. This significant commitment has improved reliability and resulted
in top quartile operational performance. Additionally, since assuming responsibility for the
ITCTransmission system in 2003, ITC has achieved efficiency improvements in maintenance
practices, significantly reducing a maintenance backlog and changing the focus from reactive to
preventative maintenance.
"We are very proud to be named a finalist for an Edison Award," said Joseph L. Welch, president
and CEO of ITC. "Our achievements as an independent transmission company have provided us
the expertise that allows us to expand outside our current service territory in our continued efforts
to improve electric reliability. It's truly an honor for the Edison Electric Institute to recognize all of
our hard work."
The winners of the 2007 Edison Award will be announced June 17, 2007, at EEI's annual
convention in Denver.
ITCTransmission and METC operate contiguous, fully-regulated, high-voltage systems in
Michigan's Lower Peninsula, an area with a population of approximately 9.8 million people, that
transmit electricity to local electricity distribution facilities from generating stations throughout
Michigan and surrounding areas. Subsidiary ITC Grid Development, LLC expects to focus on
partnering with local entities and utilities in regions where significant transmission improvements
are needed. The first region in which ITC Grid Development, LLC expects to focus its efforts is the
Great Plains region, specifically in Kansas, through the formation of its subsidiary ITC Great Plains,
LLC. For more information on ITC Holdings Corp., please visit http://www.itc-holdings.com. For
more information on ITCTransmission or METC, please visit http://www.itctransco.com or
http://www.metcllc.com, respectively. For more information on ITC Great Plains, please visit
http://www.itcgreatplains.com. (itc-ITC)
Download PDF of this document
Contact:
Investor/Analyst contact: Pat Wenzel (248.374.7200, pwenzel@itc-holdings.com)
Lisa Aragon, ITC Holdings Corp., 248.835.9300, laragon@itc-holdings.com
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