ITC Holdings Corp. (NYSE:ITC)
CAPS Rating:
The Company through its operating subsidiaries, ITCTransmission and METC, is engaged in the transmission of electricity in the United States.
The Company through its operating subsidiaries, ITCTransmission and METC, is engaged in the transmission of electricity in the United States.
Recs
ITC is building their lines to last. That means over the long term they will not begin to see large costs to maintain their lines. Rapid expansion of wind energy in the plains states means there is lots of room for growth, and ITC is already benefiting from this trend in Kansas and Iowa. They have never missed or a dividend payment.