ITC Holdings Corporation (doing business as ITC Transmission) is an American energy company which owns and operates high-voltage electricity transmission networks. Headquartered in Novi, Michigan, ITC has operations in Michigan, Illinois, Iowa, Kansas, Minnesota, Missouri, Oklahoma, and Wisconsin. The company is a wholly-owned subsidiary of Canadian energy company Fortis Inc. ITC was founded in 1999 as International Transmission Co., a subsidiary of Detroit Edison (since renamed DTE Energy Electric Company, itself a subsidiary of DTE Energy), charged in the ownership, operation and maintenance of Detroit Edison's transmission system. In 2003, DTE sold the subsidiary to ITC Holdings Corp., making it the first fully independent electricity transmission company in the United States. ITC Holdings Corp. (NYSE: ITC) became a publicly traded company in 2005, and began construction of its Novi headquarters in 2006. Today it owns transmission systems in several states under a unique independent business model. More information...
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