Electric Utilities M&A » By The Online Investor Staff, updated Tue., Apr. 16, 8:36 AM
Recent mergers and acquisitions in the Electric Utilities M&A category.
| This Slide: #32 of 38 |
Slide #32. ITC Holdings Corp. — Entergy's Transmission Business
Acquirer:
ITC Holdings Corp. (ITC)
Acquiree:
Entergy's Transmission Business
Details:
ITC Holdings Corp. (NYSE: ITC) shareholders today voted to approve the proposed merger of the Entergy Corporation ("Entergy") transmission business into ITC.
ITC Holdings is a holding company. Co. is engaged in the transmission of electricity. Through International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC (together, Regulated Operating Subsidiaries), Co. operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The operations performed by Co.'s Regulated Operating Subsidiaries include: asset planning; engineering, design and construction; maintenance; and real time operations.
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