NOVI, Mich., June 5 /PRNewswire-FirstCall/ -- ITC Great Plains, an ITC Holdings Corp. subsidiary, announced today the Kansas Corporation Commission (KCC) has approved its Application for Certificate of Convenience and Authority. The limited certificate gives ITC Great Plains the authority to operate as a utility in the state of Kansas and move forward in its effort to construct, own, operate and maintain bulk electric transmission functions.
"We appreciate the KCC's hard work in evaluating and approving our application to become a transmission-only utility in the state of Kansas," said Carl A. Huslig, president of ITC Great Plains. "There is a recognized need for transmission investment in Kansas to alleviate existing transmission constraints, facilitate energy markets and help further the entrance of wind energy and other renewable resources into the market. We would like to recognize the KCC for being an innovator in authorizing a transmission-only utility for the state of Kansas."
ITC, through its subsidiaries, has invested over $580 million since 2003 toward maintenance and capital system improvements in its existing service territories in Michigan's Lower Peninsula in its mission to improve electric reliability. As an ITC subsidiary, ITC Great Plains can leverage ITC's skills, partnerships and expertise to build the necessary transmission infrastructure in the Great Plains region.
"ITC Great Plains is ready, willing and able to invest in the Kansas electric transmission system. We are committed to Kansas and support Governor Kathleen Sebelius's call for 10 percent of the state's electricity to come from renewable resources by 2010 and 20 percent by 2020, and we believe that transmission infrastructure is an important component to the equation," said Huslig. "The construction of new transmission lines is critical to address existing electric bottlenecks and ensure that Kansas can capitalize on its wind resource capability to make wind energy a reality by allowing it to reach the end-use consumers reliably and efficiently."
The filing made by ITC Great Plains was assigned KCC Docket No. 07-ITCE- 380-COC and can be accessed at KCC's website at http://www.kcc.state.ks.us/ and at ITC Great Plains' website at http://www.itcgreatplains.com/.
About ITC Great Plains
ITC Great Plains, LLC, was established in July 2006 as a subsidiary to ITC Grid Development, LLC, a subsidiary of ITC Holdings Corp. , to address a recognized need for investment in the transmission infrastructure in Kansas and the Great Plains region. ITC Great Plains is fully committed to bringing the necessary resources to Kansas and the surrounding Great Plains region to build the necessary improvements to support Kansas now and in the future. For more information on ITC Holdings Corp., please visit http://www.itc-holdings.com/. For more information on ITC Great Plains, please visit http://www.itcgreatplains.com/. (itc-ITC)
Safe Harbor Statement
This press release contains certain statements that describe our management's beliefs concerning future business conditions and prospects, growth opportunities and the outlook for our business and the electricity transmission industry based upon information currently available. Such statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Wherever possible, we have identified these forward-looking statements by words such as "anticipates", "believes", "intends", "estimates", "expects", "projects" and similar phrases. These forward-looking statements are based upon assumptions our management believes are reasonable. Such forward looking statements are subject to risks and uncertainties which could cause our actual results, performance and achievements to differ materially from those expressed in, or implied by, these statements, including, among other things the risks and uncertainties disclosed in our annual report on Form 10-K and our quarterly reports on Form 10-Q filed with the Securities and Exchange Commission from time to time.
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