| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
868 |
| Revenues (TTM) (Millions $) |
1,850 |
| Net Income (TTM) (Millions $) |
537 |
| Cash Flow (TTM) (Millions $) |
16 |
| Capital Exp. (TTM) (Millions $) |
1,397 |
Business Description
ITC Holdings Corp. is a leading independent electric transmission company based in Novi, Michigan. The company was founded in 2003 and operates in several US states, including Michigan, Iowa, Texas, Kansas, Oklahoma, South Dakota, North Dakota, and Minnesota. The company is committed to providing safe, reliable, and efficient transmission of electricity. It owns and operates high-voltage transmission facilities that help move power from areas of surplus to those of deficit, serving over 26,000 megawatts of peak load.
ITC Holdings Corp operates through two primary subsidiaries, ITCTransmission and Michigan Electric Transmission Company (METC). ITCTransmission operates a grid of high-voltage transmission lines and substations in southeastern Michigan, while METC operates a similar grid in western and northern Michigan. These transmission grids are operated independently of the distribution systems of local utilities and work collaboratively to ensure reliability and stability of the grid.
The companyes transmission system includes over 16,000 circuit miles of transmission lines, over 500 substations, and around 570 employees. The electric grid of ITC is well-designed to be interactive, adaptive and scalable to meet the fast-paced changes in the electric industry.
ITC Holdings Corp is known for its strong commitment to sustainable energy and protection of the environment. The company's infrastructure is designed to facilitate the integration of renewable energy sources into the electric grid, lowering the carbon footprint, and mitigating climate change. ITC is leading the facilitation of a cleaner and greener electric system while consistently delivering safe and reliable power to millions of customers across the US.
Overall, ITC Holdings Corp is a reputable company in the electric transmission industry. They are committed to providing reliable and efficient transmission services, while also leading the industry in the integration of renewable energy sources, all within a sustainable and environmentally friendly framework.
Company Address: 27175 Energy Way Novi 48377 MI
Company Phone Number: 946-3000 Stock Exchange / Ticker: ITC
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