ADVFN - Advanced Financial Network.
HOME» NYSE » I » ITC Stock Price » ITC Stock News

Itc Share News

 Itc Holdings Corp Stock Price
ITC Stock Price
 Itc Holdings Corp Stock Chart
ITC Stock Chart
 Itc Holdings Corp Stock News
ITC Stock News
 Itc Holdings Corp Company Information
ITC Company Information
 Itc Holdings Corp Stock Trades
ITC Stock Trades

US Power Grid Connection Wins First Approval; Texas Unresolved

NEW YORK -(Dow Jones)- A transmission project to link the nation's three major electric grids won an initial approval Thursday from federal regulators, but fell short on its bid to resolve a thorny jurisdiction issue. The so-called Tres Amigas superstation planned for New Mexico would allow power to flow among the eastern, western and Texas electric grids. Linking the regions could give wind and solar generation greater access to customers and back up power, while eliminating often wide disparities in wholesale prices between different areas. "Tres Amigas is a prime example of the creativity and pioneering thinking that our country needs to expand the ability of the transmission grid," said FERC Chairman Jon Wellinghoff before the votes. The commission gave the project the authority to sell transmission access at negotiated rates to generators and other firms that would move power through the proposed facility, while including provisions to protect consumers. At the same time, FERC declined to wave its authority over transmission connections the facility would have with the Electric Reliability Council of Texas, or Ercot. The jurisdictional issue is critical to Ercot's involvement because the commission doesn't have jurisdiction over the Texas grid. The commission said it didn't have enough information to make a decision, but recommended a future filing by the project to resolve the jurisdictional issue. Winning FERC approvals are important to move the project forward as Tres Amigas looks to raise additional funding and reach agreement with transmission companies that would connect into the facility. The project's developers are talking with a range of high-voltage line builders including American Electric Power Co. (AEP), ITC Holdings Corp. (ITC) and Xcel Energy Inc. (XEL), said David Raskin, a partner at the law firm Steptoe & Johnson LLP who represents Tres Amigas in an interview Wednesday. He said the project could be operational as early as 2013, but the timeline largely depends on the transmission companies connecting to the facility. The project would use super-conductor technology to synchronize power among the three major interconnections. A mismatch exists among the grids preventing power from flowing among states such as Texas and Arizona. -By Mark Peters, Dow Jones Newswires; 212-416-2457; [email protected]

Stock News for Itc (ITC)
03/03/201717:17:41Current Report Filing (8-k)
02/16/201709:11:39Annual Report (10-k)
02/14/201710:45:50Amended Statement of Ownership (sc 13g/a)
02/09/201711:42:27Amended Statement of Ownership (sc 13g/a)
01/24/201716:40:45Amended Current Report Filing (8-k/a)
01/24/201716:37:15Amended Current Report Filing (8-k/a)
01/13/201706:45:00ITC Receives Presidential Permit from U.S. Department of Energy...
01/05/201716:40:36Current Report Filing (8-k)
01/03/201716:07:27Termination of Registration of a Class of Security Under Section...
12/12/201616:40:05Current Report Filing (8-k)
12/12/201606:45:00ITC Holdings Corp. Announces New Board Appointments
12/07/201616:43:45Current Report Filing (8-k)
11/04/201606:10:36Quarterly Report (10-q)
10/28/201616:32:53Current Report Filing (8-k)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:01:30Notice of Effectiveness (effect)
10/24/201606:00:55Notice of Effectiveness (effect)
10/18/201617:38:42Statement of Changes in Beneficial Ownership (4)
10/18/201617:36:33Statement of Changes in Beneficial Ownership (4)

Itc and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations