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SummaryThe report contains a detailed description of the power generation company's business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services.Scope- Major Power Plants (assets) - summarized and detailed information about the power plants (assets).- Operational Metrics (capacity, generation, revenue, sales, number of consumers).- Business description - A detailed description of the company's operations and business divisions.- Corporate strategy - GlobalData's summarization of the company's business strategy.- SWOT analysis - A detailed analysis of the company's strengths, weakness, opportunities and threats.- Company history - Progression of key events associated with the company.- Major products and services - A list of major products, services and brands- Key employees - A list of the key executives and personnel heading key departments/functions.- Executive biographies - A brief summary of the executives' employment history.- Financial deals - Coverage of key financial deals from 2006 onwards, depending upon information availability- Important locations and subsidiaries - A list of key locations and subsidiaries of the company, including contact details.* Note: Some sections may be missing if data is unavailable for the company.Reasons to buy- Gain key insights into the company for academic or business research purposes. Key elements such as SWOT analysis, corporate strategy and major products and services are incorporated in the profile to assist in various business decisions (M&A and JV).- Identify potential customers and suppliers with this report's analysis of the company's business structure, operations, major products and services and business strategy.- Understand and respond to competitors' business structure and strategies with GlobalData's detailed SWOT analysis. In this, the company's core strengths, weaknesses, opportunities and threats are analyzed, providing an up to date objective view of the company.
Table of ContentsTable of Contents 2List of Tables 5Company Snapshot 6Key Information 6Company Overview 6SWOT Snapshot 6Operational Metrics 7ITC Holdings Corp., Operational Metrics, By Transmission 7ITC Holdings Corp., Operational Metrics, By Sales 7Business Description 8Business Overview 8Major Products and Services 9History 10SWOT Analysis 12Overview 12ITC Holdings Corp. Strengths 12Leading Market Position 12Strategic Partnerships 12ITC Holdings Corp. Weaknesses 13Substantial Debt 13Working Capital Deficit 13ITC Holdings Corp. Opportunities 13Five-Year Capital Investment Program 13Growing Demand for Electricity 13Strategic Initiatives 13ITC Holdings Corp. Threats 14Transmission Network Security 14Regulatory Framework 14Dependence on Primary Customers: MISO Regulated Subsidiaries 14Financial Ratios - Capital Market Ratios 15Financial Ratios - Annual Ratios 16Financial Ratios - Interim Ratios 17Key Employees 18Key Employee Biographies 20Company Statement 22Locations And Subsidiaries 24Head Office 24Other Locations & Subsidiaries 24Financial Deals Landscape 25ITC Holdings Corp., Deals Summary 25ITC Holdings Corp., Power, Deal Details 26Debt Offering 26ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 26Acquisition 28GIC to Acquire 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 28Fortis to Acquire ITC Holdings for USD11.3 Billion 30Recent Developments 33ITC Holdings Corp. - Recent Developments 33Aug 19, 2010: ITC Transmission Receives Approval From Midwest ISO For Thumb Loop Transmission Line Project In Michigan, US 33Jun 30, 2010: ITC Great Plains Receives Siting Approval For Phase II Of KETA Transmission Line Project 33Jul 24, 2009: KCC Approves Phase II Agreement Between Prairie Wind And ITC To Construct Wind 765 kV Energy Transmission Line 33Jul 14, 2009: ITC Great Plains Receives Siting Approval From KCC To Build First Phase Of KETA Project 34Jan 27, 2011: ITC Holdings Announces Internal Reorganization And Executive Changes 35Aug 26, 2009: ITC Great Plains Acquires Two Electric Transmission Substations In Kansas 35Aug 25, 2009: ITC, NorthWestern Sign EOI To Partner To Develop Green Power Express Project 36Jul 07, 2009: MDU Resources And ITC Holdings To Develop Green Power Express Transmission Project 36Jun 22, 2009: ITC Holdings, Mitsubishi Electric And MEPPI Expand Business Alliance 37Jun 22, 2009: ITC, Mitsubishi Electric Strengthen Strategic Alliance To Develop High Voltage Circuit Breakers, Power Transformers 38Mar 03, 2009: ITC Plans To Connect Wind Turbines To Chicago And Minneapolis 38Jul 28, 2016: ITC Reports Second Quarter and Year-to-Date 2016 Results 38Apr 28, 2016: ITC Reports First Quarter 2016 Results 42Feb 25, 2016: ITC Reports Fourth Quarter and Year Ended 2015 Results 43Nov 05, 2015: ITC Reports Continued Strong Performance for Third Quarter and Year-to-Date 2015 Results 46Jul 30, 2015: ITC Reports Continued Strong Growth for Second Quarter and Year-to-Date 2015 Results 48Apr 30, 2015: ITC Reports First Quarter 2015 Results 50Feb 03, 2015: ITC Declares Dividend to Shareholders 52Nov 06, 2014: ITC Declares Dividend to Shareholders 52Oct 30, 2014: ITC Reports Third Quarter and Year-to-Date 2014 Results 52Aug 13, 2014: ITC Increases Quarterly Dividend Rate By 14 Percent 54Aug 06, 2014: ITC Reports Second Quarter and Year-to-Date 2014 Results 54May 21, 2014: ITC Holdings Declares Dividend to Shareholders 56May 01, 2014: ITC Holdings Reports Increased First Quarter 2014 Results 57Feb 27, 2014: ITC Holdings Reports Increased Fourth Quarter and Year-End 2013 Results 58Feb 06, 2014: ITC Holdings Corp. Announces 3 for 1 Stock Split and Declares Quarterly Dividend 59Nov 13, 2013: ITC Holdings Corp. Declares Dividend to Shareholders 60Oct 31, 2013: ITC Holdings Reports Increased Third Quarter and Year-To-Date 2013 Results; Updates 2013 Operating Earnings Per Share Guidance and 2013 Capital Guidance 60Oct 17, 2013: ITC Schedules Third Quarter 2013 Earnings Release and Webcast 61Aug 14, 2013: ITC Holdings Increases Quarterly Dividend Rate By 13 Percent 61Jul 24, 2013: ITC Holdings Reports Increased Second Quarter and Year-to-Date 2013 Results 62Apr 23, 2013: ITC Holdings Reports Revenue Of $217.3m In Q1 2013 64Feb 27, 2013: ITC Holdings Reports Revenue Of $830.5m In 2012 65Oct 23, 2012: ITC Holdings Reports Revenue Of $214.8m In Q3 2012 66Jul 31, 2012: ITC Holdings Reports Revenue Of $197.4m In Q2 2012 67Apr 24, 2012: ITC Holdings Reports Revenue Of $196.7m In Q1 2012 68Feb 21, 2012: ITC Holdings Reports Revenue Of $757.4m In 2011 69Jul 27, 2011: ITC Holdings Reports Operating Revenues Of $185.1m In Q2 2011 70Feb 22, 2011: ITC Holdings Reports Operating Revenues Of $696.84m In 2010 71Oct 27, 2010: ITC Holdings Reports Net Income Of $38.4 Million In Q3 2010 73Jul 28, 2010: ITC Holdings Reports Operating Revenues Of $168.46 Million In Q2 2010 74Apr 28, 2010: ITC Holdings Reports Net Income Of $34.2 Million In Q1 2010 75Feb 24, 2010: ITC Holdings Reports Operating Revenues Of $621.01 Million In 2009 76Oct 28, 2009: ITC Holdings Reports Operating Revenues Of $151.32 Million In Q3 2009 77Jul 29, 2009: ITC Holdings Reports Net Income Of $30.8 Million In Q2 2009 77Apr 29, 2009: ITC Holdings Reports Operating Revenues Of $155.94 Million In Q1 2009 79Feb 25, 2009: ITC Holdings Reports 2008 Results 80Feb 10, 2009: ITC Holdings Declares Quarterly Dividend 81Nov 19, 2008: ITC Declares Quarterly Dividend 81Nov 12, 2007: ITC Holdings Declares Quarterly Dividend 82May 25, 2016: Rejji P. Hayes Promoted to Executive Vice President and Chief Financial Officer for ITC Holdings Corp. 82May 25, 2016: ITC Announces Corporate Leadership Changes 82Nov 18, 2015: Gretchen Holloway Appointed Treasurer For ITC Holdings Corp. 83Sep 25, 2015: Transformer Delivered to Morocco Substation in Michigan 83Jul 28, 2015: ITC Petitions FERC to Allow Competitive Transmission Process to Set Rates 83Jul 06, 2015: ITC Announces Matthew Dills as New Vice President of Human Resources 84May 25, 2015: ITC Conducting Aerial Patrols of Transmission Lines in East-Central Michigan 85Apr 27, 2015: ITC Conducting Aerial Patrols of Transmission Lines in Western Michigan 85Apr 17, 2015: Christine Mason Soneral Promoted to Senior Vice President and General Counsel for ITC Holdings Corp. 85Feb 04, 2015: ITC Announces Corporate Reorganization 86Oct 13, 2014: Krista Tanner to Join ITC as Vice President, ITC Holdings Corp. and President, ITC Midwest 87Oct 06, 2014: ITC to Conduct Fall Aerial Patrols of Transmission Lines in Southeastern Michigan 87Aug 13, 2014: ITC Holdings Corp. Announces Strategic Leadership Decisions 87May 22, 2014: Daniel Oginsky Promoted to Executive Vice President and General Counsel for ITC Holdings Corp 88May 21, 2014: ITC Holdings Chief Financial Officer Resigns 88Dec 17, 2013: ITC Holdings Provides Initial 2014 Operating Earnings and Capital Investment Guidance 89Dec 13, 2013: Entergy, ITC Discontinue Pursuit of Transmission Spin/Merger 89Dec 02, 2013: Kevin Burke Joins ITC as Vice President, Human Resources 90Jun 21, 2013: ITC And Entergy Receive Transaction Approval From FERC 90Feb 19, 2013: Entergy Texas And ITC File Final Transaction Request With Texas PUC 91Jan 07, 2013: ITC Holdings Appoints Ron Hinsley As CIO 92Oct 17, 2012: ITC Holdings Submits ITC Great Plains Expansion Project To SPP 92Oct 05, 2012: Entergy Mississippi and ITC Continue Transaction Approval Process With Mississippi PSC Filing 92Sep 28, 2012: ITC And Entergy Arkansas File For Transaction Approval With Arkansas PSC 93Sep 24, 2012: ITC And Entergy File For Transaction Approval With FERC 94Sep 12, 2012: Entergy And ITC Continue Transaction Approval Process With New Orleans City Council Filing 95Sep 05, 2012: Entergy And ITC Initiate Transaction Approval Process With Louisiana PSC Filing 96Dec 12, 2011: ITC Holdings Receives Approval From Midwest ISO To Construct Portions Of Four Multi-value Transmission Projects 97Aug 23, 2011: ITC Holdings Announces Board Changes 97Sep 27, 2010: ITC Holdings Announces New Five-Year Capital Plan For 2011-2015 Period 98Feb 23, 2010: ITC Holdings Appoints Nina Plaushin As Vice President Of Federal Affairs 98Jan 11, 2010: ITC Midwest Connects 716 MW Of Wind Energy Generation To ITC Holdings' Transmission System In 2009 99Jul 27, 2009: ITC Great Plains To Continue With V-Plan Project 99Jul 27, 2009: ITC Great Plains move forward with the V-plan project 100Jul 07, 2009: MDU to join Green Power Express transmission project 100Apr 06, 2009: ITC Holdings Announces Management Changes 101Mar 11, 2009: ITC Holdings Appoints New VP, Energy Policy 102Aug 14, 2008: Advanced Control Systems Delivers Two Substation Automation Systems To ITC Midwest 102Dec 14, 2015: Detroit Zoo Goes to 100% Renewable Electricity 102Aug 25, 2009: ITC, NorthWestern To Collaborate On Regional Project 103Appendix 104Report Scope 104GlobalData Coverage 104Benchmarking 104GlobalData's Methodology 104Secondary Research 104Primary Research 104Contact Us 105Disclaimer 105List of TablesITC Holdings Corp., Key Facts 6ITC Holdings Corp., Operational Metrics, Transmission 7ITC Holdings Corp., Operational Metrics, Sales 7Major Products and Services 9ITC Holdings Corp., SWOT Analysis 12ITC Holdings Corp., Ratios based on current share price 15ITC Holdings Corp., Annual Ratios 16ITC Holdings Corp., Interim Ratios 17ITC Holdings Corp., Key Employees 18ITC Holdings Corp., Subsidiaries 24ITC Holdings Corp., Deals Summary 25ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 26GIC to Acquire 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 28Fortis to Acquire ITC Holdings for USD11.3 Billion 30