ITC Holdings Corp. operates as an independent electric transmission company. It invests in the electric transmission grid to improve reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. The company owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri and Kansas through its operating subsidiaries, including IT Transmission, Michigan Electric Transmission Co. LLC, ITC Midwest LLC and ITC Great Plains LLC. It also focuses on new areas where significant transmission system improvements are needed through ITC Grid Development and its subsidiaries. ITC Holdings was founded in November 2002 and is headquartered in Novi, MI.