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ITC Holdings owns and operates 2,700 miles of power transmission lines in southeastern Michigan (including Detroit and Ann Arbor). ITC was created to acquire International Transmission Company. Through its subsidiaries, ITCTransmission, Michigan Electric Transmission Company (METC) and ITC Midwest LLC, ITC operates regulated, high-voltage transmission systems in Michigan's Lower Peninsula and portions of Illinois, Iowa, Minnesota, and Missouri serving a combined peak load in excess of 25,000 MW. ITC is a member of the Midwest ISO, a regional transmission organization. Kohlberg Kravis Roberts (KKR) purchased the company from utility holding company DTE Energy.
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| | | Contact Information | |
Address: |
39500 Orchard Hill Place, Ste. 200
Novi, MI 48375
| | Phone: | 248-374-7100 | | Fax: | 248-374-7140 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 617.90 M | | Revenue Growth (1 yr): | 45.00% | | Employees (2008): | 392 | | Employee Growth (1 yr): | 29.80% |
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Key People
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Chairman, President, and CEO:
Joseph L. Welch
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EVP and COO:
Jon E. Jipping
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SVP, CFO, and Treasurer:
Cameron M. Bready
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