ITC Wins Key Approval for Major Transmission Line from Ontario through Eastern U.S.

SUGAR LAND--January 16, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--ITC Holdings Corporation's (NYSE:ITC) (Novi, Michigan) Lake Erie Connector transmission line received a much-needed jolt in the arm last week when it received a Presidential Permit, which is required for international border-crossing projects, from the U.S. Department of Energy (DOE). The underwater transmission line would connect Ontario's markets with the U.S. Eastern Seaboard. Industrial Info is tracking $1.05 billion in projects associated with the transmission line, and $1.14 billion in other active ITC projects. Within this article: Details on ITC's Lake Erie Connector project, as well as other high-value ITC projects in Iowa and Minnesota.