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ITC Holdings Corp. - Power Plants and SWOT Analysis, 2016 Update

Summary

The 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 Contents

ITC Holdings Corp. - Power Plants and SWOT Analysis, 2016 Update
Table of Contents
Table of Contents 2

Company Snapshot 6
Key Information 6
Company Overview 6
SWOT Snapshot 6
Operational Metrics 7
ITC Holdings Corp., Operational Metrics, By Transmission 7
ITC Holdings Corp., Operational Metrics, By Sales 7
Business Description 8
Business Overview 8
Major Products and Services 9
History 10
SWOT Analysis 12
Overview 12
ITC Holdings Corp. Strengths 12
Leading Market Position 12
Strategic Partnerships 12
ITC Holdings Corp. Weaknesses 13
Substantial Debt 13
Working Capital Deficit 13
ITC Holdings Corp. Opportunities 13
Five-Year Capital Investment Program 13
Growing Demand for Electricity 13
Strategic Initiatives 13
ITC Holdings Corp. Threats 14
Transmission Network Security 14
Regulatory Framework 14
Dependence on Primary Customers: MISO Regulated Subsidiaries 14
Financial Ratios - Capital Market Ratios 15
Financial Ratios - Annual Ratios 16
Financial Ratios - Interim Ratios 17
Key Employees 18
Key Employee Biographies 20
Company Statement 22
Locations And Subsidiaries 24
Head Office 24
Other Locations and Subsidiaries 24
Financial Deals Landscape 25
ITC Holdings Corp., Deals Summary 25
ITC Holdings Corp., Power, Deal Details 26
Debt Offering 26
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 26
Acquisition 28
GIC to Acquire 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 28
Fortis to Acquire ITC Holdings for USD11.3 Billion 30
Recent Developments 33
ITC Holdings Corp. - Recent Developments 33
Aug 19, 2010: ITC Transmission Receives Approval From Midwest ISO For Thumb Loop Transmission Line Project In Michigan, US 33
Jun 30, 2010: ITC Great Plains Receives Siting Approval For Phase II Of KETA Transmission Line Project 33
Jul 24, 2009: KCC Approves Phase II Agreement Between Prairie Wind And ITC To Construct Wind 765 kV Energy Transmission Line 33
Jul 14, 2009: ITC Great Plains Receives Siting Approval From KCC To Build First Phase Of KETA Project 34
Jan 27, 2011: ITC Holdings Announces Internal Reorganization And Executive Changes 35
Aug 26, 2009: ITC Great Plains Acquires Two Electric Transmission Substations In Kansas 35
Aug 25, 2009: ITC, NorthWestern Sign EOI To Partner To Develop Green Power Express Project 36
Jul 07, 2009: MDU Resources And ITC Holdings To Develop Green Power Express Transmission Project 36
Jun 22, 2009: ITC Holdings, Mitsubishi Electric And MEPPI Expand Business Alliance 37
Jun 22, 2009: ITC, Mitsubishi Electric Strengthen Strategic Alliance To Develop High Voltage Circuit Breakers, Power Transformers 38
Mar 03, 2009: ITC Plans To Connect Wind Turbines To Chicago And Minneapolis 38
Jul 28, 2016: ITC Reports Second Quarter and Year-to-Date 2016 Results 38
Apr 28, 2016: ITC Reports First Quarter 2016 Results 42
Feb 25, 2016: ITC Reports Fourth Quarter and Year Ended 2015 Results 43
Nov 05, 2015: ITC Reports Continued Strong Performance for Third Quarter and Year-to-Date 2015 Results 46
Jul 30, 2015: ITC Reports Continued Strong Growth for Second Quarter and Year-to-Date 2015 Results 48
Apr 30, 2015: ITC Reports First Quarter 2015 Results 50
Feb 03, 2015: ITC Declares Dividend to Shareholders 52
Nov 06, 2014: ITC Declares Dividend to Shareholders 52
Oct 30, 2014: ITC Reports Third Quarter and Year-to-Date 2014 Results 52
Aug 13, 2014: ITC Increases Quarterly Dividend Rate By 14 Percent 54
Aug 06, 2014: ITC Reports Second Quarter and Year-to-Date 2014 Results 54
May 21, 2014: ITC Holdings Declares Dividend to Shareholders 56
May 01, 2014: ITC Holdings Reports Increased First Quarter 2014 Results 57
Feb 27, 2014: ITC Holdings Reports Increased Fourth Quarter and Year-End 2013 Results 58
Feb 06, 2014: ITC Holdings Corp. Announces 3 for 1 Stock Split and Declares Quarterly Dividend 59
Nov 13, 2013: ITC Holdings Corp. Declares Dividend to Shareholders 60
Oct 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 60
Oct 17, 2013: ITC Schedules Third Quarter 2013 Earnings Release and Webcast 61
Aug 14, 2013: ITC Holdings Increases Quarterly Dividend Rate By 13 Percent 61
Jul 24, 2013: ITC Holdings Reports Increased Second Quarter and Year-to-Date 2013 Results 62
Apr 23, 2013: ITC Holdings Reports Revenue Of $217.3m In Q1 2013 64
Feb 27, 2013: ITC Holdings Reports Revenue Of $830.5m In 2012 65
Oct 23, 2012: ITC Holdings Reports Revenue Of $214.8m In Q3 2012 66
Jul 31, 2012: ITC Holdings Reports Revenue Of $197.4m In Q2 2012 67
Apr 24, 2012: ITC Holdings Reports Revenue Of $196.7m In Q1 2012 68
Feb 21, 2012: ITC Holdings Reports Revenue Of $757.4m In 2011 69
Jul 27, 2011: ITC Holdings Reports Operating Revenues Of $185.1m In Q2 2011 70
Feb 22, 2011: ITC Holdings Reports Operating Revenues Of $696.84m In 2010 71
Oct 27, 2010: ITC Holdings Reports Net Income Of $38.4 Million In Q3 2010 73
Jul 28, 2010: ITC Holdings Reports Operating Revenues Of $168.46 Million In Q2 2010 74
Apr 28, 2010: ITC Holdings Reports Net Income Of $34.2 Million In Q1 2010 75
Feb 24, 2010: ITC Holdings Reports Operating Revenues Of $621.01 Million In 2009 76
Oct 28, 2009: ITC Holdings Reports Operating Revenues Of $151.32 Million In Q3 2009 77
Jul 29, 2009: ITC Holdings Reports Net Income Of $30.8 Million In Q2 2009 77
Apr 29, 2009: ITC Holdings Reports Operating Revenues Of $155.94 Million In Q1 2009 79
Feb 25, 2009: ITC Holdings Reports 2008 Results 80
Feb 10, 2009: ITC Holdings Declares Quarterly Dividend 81
Nov 19, 2008: ITC Declares Quarterly Dividend 81
Nov 12, 2007: ITC Holdings Declares Quarterly Dividend 82
May 25, 2016: Rejji P. Hayes Promoted to Executive Vice President and Chief Financial Officer for ITC Holdings Corp. 82
May 25, 2016: ITC Announces Corporate Leadership Changes 82
Nov 18, 2015: Gretchen Holloway Appointed Treasurer For ITC Holdings Corp. 83
Sep 25, 2015: Transformer Delivered to Morocco Substation in Michigan 83
Jul 28, 2015: ITC Petitions FERC to Allow Competitive Transmission Process to Set Rates 83
Jul 06, 2015: ITC Announces Matthew Dills as New Vice President of Human Resources 84
May 25, 2015: ITC Conducting Aerial Patrols of Transmission Lines in East-Central Michigan 85
Apr 27, 2015: ITC Conducting Aerial Patrols of Transmission Lines in Western Michigan 85
Apr 17, 2015: Christine Mason Soneral Promoted to Senior Vice President and General Counsel for ITC Holdings Corp. 85
Feb 04, 2015: ITC Announces Corporate Reorganization 86
Oct 13, 2014: Krista Tanner to Join ITC as Vice President, ITC Holdings Corp. and President, ITC Midwest 87
Oct 06, 2014: ITC to Conduct Fall Aerial Patrols of Transmission Lines in Southeastern Michigan 87
Aug 13, 2014: ITC Holdings Corp. Announces Strategic Leadership Decisions 87
May 22, 2014: Daniel Oginsky Promoted to Executive Vice President and General Counsel for ITC Holdings Corp 88
May 21, 2014: ITC Holdings Chief Financial Officer Resigns 88
Dec 17, 2013: ITC Holdings Provides Initial 2014 Operating Earnings and Capital Investment Guidance 89
Dec 13, 2013: Entergy, ITC Discontinue Pursuit of Transmission Spin/Merger 89
Dec 02, 2013: Kevin Burke Joins ITC as Vice President, Human Resources 90
Jun 21, 2013: ITC And Entergy Receive Transaction Approval From FERC 90
Feb 19, 2013: Entergy Texas And ITC File Final Transaction Request With Texas PUC 91
Jan 07, 2013: ITC Holdings Appoints Ron Hinsley As CIO 92
Oct 17, 2012: ITC Holdings Submits ITC Great Plains Expansion Project To SPP 92
Oct 05, 2012: Entergy Mississippi and ITC Continue Transaction Approval Process With Mississippi PSC Filing 92
Sep 28, 2012: ITC And Entergy Arkansas File For Transaction Approval With Arkansas PSC 93
Sep 24, 2012: ITC And Entergy File For Transaction Approval With FERC 94
Sep 12, 2012: Entergy And ITC Continue Transaction Approval Process With New Orleans City Council Filing 95
Sep 05, 2012: Entergy And ITC Initiate Transaction Approval Process With Louisiana PSC Filing 96
Dec 12, 2011: ITC Holdings Receives Approval From Midwest ISO To Construct Portions Of Four Multi-value Transmission Projects 97
Aug 23, 2011: ITC Holdings Announces Board Changes 97
Sep 27, 2010: ITC Holdings Announces New Five-Year Capital Plan For 2011-2015 Period 98
Feb 23, 2010: ITC Holdings Appoints Nina Plaushin As Vice President Of Federal Affairs 98
Jan 11, 2010: ITC Midwest Connects 716 MW Of Wind Energy Generation To ITC Holdings' Transmission System In 2009 99
Jul 27, 2009: ITC Great Plains To Continue With V-Plan Project 99
Jul 27, 2009: ITC Great Plains move forward with the V-plan project 100
Jul 07, 2009: MDU to join Green Power Express transmission project 100
Apr 06, 2009: ITC Holdings Announces Management Changes 101
Mar 11, 2009: ITC Holdings Appoints New VP, Energy Policy 102
Aug 14, 2008: Advanced Control Systems Delivers Two Substation Automation Systems To ITC Midwest 102
Dec 14, 2015: Detroit Zoo Goes to 100% Renewable Electricity 102
Aug 25, 2009: ITC, NorthWestern To Collaborate On Regional Project 103
Appendix 104
Report Scope 104
GlobalData Coverage 104
Benchmarking 104
GlobalData's Methodology 104
Secondary Research 104
Primary Research 104
Contact Us 105
Disclaimer 105

List of Tables
ITC Holdings Corp., Key Facts 6
ITC Holdings Corp., Operational Metrics, Transmission 7
ITC Holdings Corp., Operational Metrics, Sales 7
Major Products and Services 9
ITC Holdings Corp., SWOT Analysis 12
ITC Holdings Corp., Ratios based on current share price 15
ITC Holdings Corp., Annual Ratios 16
ITC Holdings Corp., Interim Ratios 17
ITC Holdings Corp., Key Employees 18
ITC Holdings Corp., Subsidiaries 24
ITC Holdings Corp., Deals Summary 25
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 26
GIC to Acquire 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 28
Fortis to Acquire ITC Holdings for USD11.3 Billion 30

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