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ITC > SEC Filings for ITC > Form 8-K on 13-Nov-2013All Recent SEC Filings

Show all filings for ITC HOLDINGS CORP.



Other Events

Item 8.01 Other Events.

On November 12, 2013, certain parties filed a joint complaint with the Federal Energy Regulatory Commission ("FERC") under Section 206 of the Federal Power Act against the Midcontinent Independent System Operator, Inc. ("MISO") and various MISO transmission owners, including ITC Holdings Corp.'s operating subsidiaries, International Transmission Company ("ITCTransmission"), Michigan Electric Transmission Company, LLC ("METC"), and ITC Midwest LLC (together with ITCTransmission and METC, the "MISO Operating Subsidiaries"). The joint complainants are seeking a FERC order reducing the 12.38% base return on equity used in the MISO transmission owners' rates, including our MISO Operating Subsidiaries' formula transmission rates, to 9.15%; instituting a capital structure in which the assumed equity component does not exceed 50%; and eliminating the return on equity adders currently approved for being a member of a regional transmission organization (for ITCTransmission) and for being an independent transmission owner (for ITCTransmission and METC). In the event a refund is required upon resolution of the complaint, the joint complainants are seeking a refund effective date as of the filing date of the complaint.

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