10/31/2007 | FOR IMMEDIATE RELEASE
ITC Great Plains Expansion in Kansas Approved
Critical infrastructure expansion approved by SPP Board of Directors
Topeka, Kan., October 31, 2007 - Officials from ITC Great Plains LLC, a subsidiary of ITC Holdings Corp. (NYSE: ITC),
were pleased to learn that the Southwest Power Pool's (SPP) Board of Directors approved ITC Great Plains' proposed 180-mile long
transmission project (the Kansas V-plan) in the SPP Transmission Expansion Plan (STEP) yesterday during its scheduled quarterly planning meeting.
"Yesterday's action by the Southwest Power Pool Board of Directors is a significant milestone and is a key first step in moving the
Kansas V-plan ahead. ITC Great Plains looks forward to continuing our work with the Governor, the Kansas Corporation Commission, the
Kansas Electric Transmission Authority; the Kansas Legislature, Southwest Power Pool and the Federal Energy Regulatory Commission as
well as environmental and other community stakeholder groups to bring the Kansas V-plan and other much-needed, critical infrastructure
to fruition in Kansas," stated Carl Huslig, president of ITC Great Plains.
SPP is responsible for regional transmission planning and coordination in a multi-state area that includes all of Kansas. STEP is the
regional planning process by which SPP plans and manages expansion of electric infrastructure.
"ITC Great Plains is committed to creating a robust regional electric transmission grid that will help balance electricity rates across
the state by providing access to lower-cost or alternative generation resources to all Kansans," stated Huslig.
On July 19, 2007, ITC Great Plains announced its intent to construct, own, operate and maintain a 180-mile long high-voltage transmission
line commencing in Spearville, Kansas, running southeast to Comanche County, Kansas where ITC Great Plains will construct a new switchyard
before heading northeast to terminate just outside of Wichita, Kansas. The project is part of the Southwest Power Pool's X-Plan - labeled
as such because it will form an "X" across southern Kansas, northern Oklahoma, and the panhandle of Texas.
"This is incredibly good news for our state - especially for Western and Central Kansas," said Governor Kathleen Sebelius. "These new transmission
lines will help our state harness wind potential and provide short and long-term investment in our communities."
"ITC Great Plains believes additional high-powered transmission lines in Kansas supports the Governor's and the Kansas Electric Transmission
Authority's vision for a robust transmission grid, advances the development of renewable energy, further ensures a reliable and secure transmission
grid and will help spur economic development in Kansas," Huslig further stated.
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 and Michigan Electric Transmission Company, LLC (METC), ITC operates contiguous, regulated, high-voltage transmission systems in
Michigan's Lower Peninsula serving a combined peak load in excess of 22,000 megawatts. ITC is also focused on new areas where significant transmission
system improvements are needed through subsidiaries ITC Midwest, ITC Grid Development, ITC Great Plains and ITC Panhandle Transmission. For more
http://www.itc-holdings.com. (itc-ITC)
Contact:
Investor/Analyst contact: Pat Wenzel (248.946.3570, pwenzel@itc-holdings.com)
Lisa Aragon, ITC Holdings Corp., 248.835.9300, laragon@itc-holdings.com
