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Itc Holdings Corp   (ITC)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 



 

What are Itc Holdings's Business Segments?



ITC Holdings Corp. is a leading electric transmission utilities company headquartered in Novi, Michigan, that provides a diverse range of segments, products, and services to meet the needs of their customers.

Segments:

ITC Holdings Corp.'s business is divided into three main segments that include ITC Transmission, ITC Great Plains, and METC.

1. ITC Transmission: This segment is responsible for the transmission of electricity through a high-voltage power grid in the U.S. Midwest. It includes the planning, development, maintenance, and operation of transmission lines, as well as substation and control center operations. The company ensures that the grid remains stable, secure, and efficient for a wide range of customers across the country.

2. ITC Great Plains: This segment operates within a six-state region in the southwestern U.S. to provide high-voltage electricity transmission services. Their primary focus is on renewable energy, including wind-generated electricity.

3. METC: This segment provides transmission services to utilities in Illinois, Missouri, and Kansas. This includes providing access to the transmission grid, supplying capacity and energy, and providing ancillary services such as voltage control and reactive power support.

Products:

ITC Holdings Corp.'s products are designed to meet the needs of a diverse range of customers. They include:

1. Transmission Services: The company provides a wide range of transmission services to utilities and other entities that rely on electricity transmission to move power from generation sources to distribution systems. This includes access to the transmission grid, capacity and energy supply, and ancillary services.

2. Planning and Consulting Services: The company has a team of experts who provide planning and consulting services to customers around different aspects of electric transmission systems. They provide guidance on system design, operations, and reliability.

3. Wholesale Energy Trading: The company facilitates the buying and selling of wholesale electricity generated by different sources by connecting buyers and sellers on the transmission grid.

Services:

ITC Holdings Corp.'s services are tailored to meet the needs of their customers. These include:

1. Construction and Maintenance: The company provides construction and maintenance services to ensure that transmission systems are operational and reliable. They have a team of experienced engineers, technicians, and operators who handle construction, maintenance, and upgrades of transmission lines and substation facilities.

2. Emergency Response: The company has robust emergency response measures in place in the event of severe weather conditions or other emergencies that disrupt the transmission grid. They work closely with utilities and other entities to manage power outages and restore service quickly.

3. Environmental Compliance: The company has a keen focus on environmental compliance and sustainability. They work to minimize the impact of transmission operations on the environment by adhering to strict environmental regulations and implementing sustainable practices.
   

Itc Holdings Tax Rate Companies within the Electric Utilities Industry


Business Segments Q4
Revenues
(in millions $)
Q4
Income
(in millions $)
(Dec 31 2023)
%
(Profit Margin)
Total 387.00 123.00 31.78 %

Growth rates by Segment Q4
Y/Y Revenue
%
(Dec 31 2023)
Q/Q Revenue
%
Q4
Y/Y Income
%
(Dec 31 2023)
Q/Q Income
%
Total 5.16 % -0.26 % 7.89 % 11.82 %

To get more information on Itc Holdings's Total segment. Select each division with the arrow.


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