ITC Holdings Corp. (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   August 31, 2015

ITC Holdings Corp.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Michigan 001-32576 32-0058047
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(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
27175 Energy Way, Novi, Michigan   48377
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   248-946-3000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events.

On August 31, 2015, International Transmission Company’s ("ITCTransmission") projected network rate of $2.539 per kW/month, Michigan Electric Transmission Company, LLC’s ("METC") projected network rate of $2.775 per kW/month, and ITC Midwest LLC’s ("ITC Midwest") projected network rate of $9.798 per kW/ month (which reflects a $4.125 million rate discount), for the period from January 1, 2016 through December 31, 2016, were posted by the Midcontinent Independent System Operator, Inc. The rates are based on ITCTransmission’s, METC’s, and ITC Midwest’s Attachment O rate formulae using each company’s respective projected net revenue requirement and load, in accordance with the Federal Energy Regulatory Commission’s approvals in Docket Nos. ER06-1006, ER07-95, and ER07-887, for ITCTransmission, METC, and ITC Midwest, respectively.

Also on August 31, 2015, ITC Great Plains, LLC’s ("ITC Great Plains") projected revenue requirement of $82,411,464 for the period from January 1, 2016 through December 31, 2016 was posted by the Southwest Power Pool ("SPP"). The projected revenue requirement is based on ITC Great Plains’ formula rate under SPP’s Open Access Transmission Tariff, in accordance with the Federal Energy Regulatory Commission’s approval in Docket No. ER09-548.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    ITC Holdings Corp.
          
September 2, 2015   By:   /s/ Christine Mason Soneral
       
        Name: Christine Mason Soneral
        Title: Senior Vice President and General Counsel