ITC Executives to Participate in IHS CERAWeek 2018

NOVI, Mich., March 5, 2018 /PRNewswire/ -- Executives from ITC Holdings Corp. (ITC)  the largest independent electricity transmission company in the United States, will be participating in CERAWeek 2018 by IHS Markit, the premier annual international gathering of energy industry leaders including innovators, business executives, government officials and policymakers as well as leaders from the technology, financial and industrial communities.

CERAWeek 2018 will take place March 5-9 in Houston, Texas. As described by IHS Markit, the event will include speeches, panel discussions and opportunities to network to "examine the changing dynamics of the energy markets, the impact of technology, government policies, the environment, and the global economy and explore strategies to navigate the opportunities and challenges ahead for energy."

ITC executives will be present at events throughout the week as well as participate on three panel discussions on Thursday, March 8. These executives and sessions include:

• Jon Jipping, executive vice present and COO of ITC Holdings Corp. will be a panelist in an Innovation Agora Studio experience called "Electrification of everything: The transformation of energy systems" from 3:55 p.m. to 4:45 p.m. The dialogue intends to focus on the increasing belief that electricity derived from renewables will ultimately replace hydrocarbons as the fuel of choice. The conversation will examine the challenge this presents for the global energy system, what it will take to realize this vision, how it will impact existing energy infrastructure, what it will mean for intermittent power sources like wind and solar and how they will be integrated into a new energy system. Mr. Jipping will share ITC's expertise in developing resilient transmission systems and how these systems will evolve and adapt to changing energy technology.
                                                                                  
• Dr. Terry Harvill, vice president of ITC Holdings Corp. and president, ITC Grid Development will speak at an Innovation Agora Studio experience examining the opportunities for development projects in North America and highlight technology solutions for energy issues in the Southwest Region of the United States. His session is scheduled for 8:30 a.m.
                                                                                  
• Nina Plaushin, vice president, Regulatory, Federal Affairs and Communications, ITC Holdings Corp. and president, WIRES, a non-profit trade association group of electric transmission providers, will be a panelist in a Strategic Dialogue titled "North American Wholesale Power Markets: How are they evolving?" at 11:30 a.m. The discussion will highlight the impact a variety of economic and regulatory forces, such as low natural gas prices and zero or negative price bids from intermittent renewable energy sources are having on the U.S. wholesale power markets. The conversation will focus on how state policies like renewable portfolio standards and zero emission credits are influencing the "operation of existing generation assets and the choices for new generation." The panel will explore how these factors are "influencing the ongoing debate at the national and regional level [and] what potential market reforms are needed to address the rapidly changing industry landscape." Ms. Plaushin will speak to ITC's perspective on these economic and regulatory forces and the impact of potential market reforms.

Commenting on ITC's participation in CERAWeek, Mr. Jipping said, "ITC is thrilled to once again participate in this event that brings together leaders across the global energy industry to examine the opportunities and challenges in today's energy market. This year's CERAWeek theme of Tipping Point: Strategies for a New Energy Future will allow ITC to share how it is contributing to building the future of transmission infrastructure in the United States, and hear about the priorities and successes of other participants."

About ITC Holdings Corp. 
ITC is the largest independent electricity transmission company in the United States. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, allow new generating resources to interconnect to its transmission systems and lower the overall cost of delivered energy. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission infrastructure in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, and in development in Wisconsin. These systems serve a combined peak load exceeding 26,000 megawatts along approximately 15,800 circuit miles of transmission line, supported by 660 employees and nearly 1,000 contractors across our expanding footprint. ITC's grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. For further information visit www.itc-holdings.com. ITC is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry. For further information visit www.fortisinc.com.

Cautionary Language Concerning Forward Looking Statements  
This document 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 and 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. Because our forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual results could be materially different and any or all of our forward-looking statements may turn out to be wrong. They speak only as of the date made and can be affected by assumptions we might make or by known or unknown risks and uncertainties. Many factors mentioned in our discussion in this document and in our annual and quarterly reports will be important in determining future results. Consequently, we cannot assure you that our expectations or forecasts expressed in such forward-looking statements will be achieved. Actual future results may vary materially. Except as required by law, we undertake no obligation to publicly update any of our forward-looking or other statements, whether as a result of new information, future events, or otherwise.

SOURCE ITC Holdings Corp.

Related Links

http://www.itc-holdings.com