NOVI – ITC Holdings Corp. on Thursday announced that The Public Service Commission of Wisconsin has approved its applications to become an authorized public utility holding company in the state and for its operating subsidiary ITC Midwest LLC to become a Wisconsin public utility.
The approvals issued by the PSCW on May 7 represent ITC Midwest?s first step toward developing its portion of a regional transmission project in Wisconsin and Iowa called multi-value project #5 by MISO ? the Midcontinent Independent System Operator. This project, a new 345 kV line from the Dubuque, Iowa area to the Madison, Wisconsin area, was identified because it is expected to improve service reliability, reduce system congestion and facilitate the interconnection of lower-cost generation resources in the region. The project is a reflection of ITC’s continuing efforts to facilitate the development of regional transmission projects.
?We are grateful to the Wisconsin commission and staff for their prompt and thoughtful attention to our applications,? said Doug Collins, president of ITC Midwest. ?We look forward to bringing our track record of success and corporate citizenship in other Midwest states to customers in Wisconsin.?
ITC Holdings Corp. is the nation?s largest independent electric transmission company. ITC invests in the electric transmission grid to improve reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. ITC?s regulated operating subsidiaries include ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load exceeding 26,000 megawatts along 15,000 circuit miles of transmission line. Through ITC Grid Development and its subsidiaries, the company also focuses on expansion in areas where significant transmission system improvements are needed.
