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May 9, 2024

ITC Holdings

DC Circuit Upholds FERC on ITC Adders
The D.C. Circuit Court of Appeals upheld a FERC ruling that found a 2016 merger had left three ITC Holdings subsidiaries no longer fully independent.
METC to Pay $125,000 for NERC Violations
FERC approved a settlement between ReliabilityFirst and Michigan Electric Transmission Company for violations of NERC reliability standards.
ITC Recounts Derecho Response at NERC Conference
The August 2020 derecho caused $7.5 billion in damage and led ITC Holdings to seek mutual aid for the first time in its history.
Lake Erie Connector Capacity for Sale
ITC Holdings wants utilities to buy capacity on the Lake Erie Connector, an underwater HVDC transmission line that will run from Ontario to Pennsylvania.
FERC Rebuffs ITC Call to Restore Full ROE Adders
FERC affirmed a previous ruling that found three ITC Holdings subsidiaries were no longer fully independent, disqualifying them from a transco adder.
FERC Denies KEPCo Complaint Against Westar Energy
FERC denied KEPCo’s complaint that Westar Energy had twice violated its generation formula rate in assessing its own rates and federal income tax reduction.
MISO Maintains Reliability Through Arctic Midwest Temps
Record-breaking cold brought multiple appeals for conservation from utilities in the northern portions of MISO's footprint.
ITC
FERC Reduces ITC Adders over Independence Issues
FERC reduced the return on equity adders previously granted to ITC Holdings subsidiaries for being independent, standalone transmission providers.
Xcel Energy
Justice Department Joins Challenge to Minn. ROFR Law
The U.S. Justice Department said that a Minnesota law granting in-state transmission owners rights of first refusal on grid additions is unconstitutional.
MSCPA
FERC: ITC Subsidiary Can Buy Tx Assets from Mich. Muni
FERC has cleared ITC Holdings subsidiary Michigan Electric Transmission Co. (METC) to buy transmission assets from Michigan South Central Power Agency (MSCPA).

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