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ITC Holdings operates high-voltage electric transmission systems, specializing in the ownership, operation, and expansion of critical electricity infrastructure. The company enhances grid reliability and efficiency by acquiring existing transmission assets and developing greenfield projects. Its technical approach involves strategic infrastructure upgrades, supporting the integration of diverse energy sources and strengthening overall grid resilience.
The company was established in 2003 as ITC Transmission, formed through the acquisition of DTE Energy's transmission assets. By 2005, ITC Holdings became the first publicly-traded independent transmission company. This strategic separation of transmission from generation aimed to drive focused investment and improvement in the nation's electricity delivery infrastructure.
ITC Holdings serves utilities and other stakeholders by providing reliable and resilient transmission services. Its long-term vision is dedicated to modernizing and strengthening the electric grid, facilitating the interconnection of lower-carbon generation sources, and ensuring the continued stability and readiness of the energy supply.
Key people at ITC Holdings.
ITC Holdings has 2 tracked investments across 1 company. The latest tracked deal is $33.0M Other Equity in Cardlytics in September 2011.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 8, 2011 | Cardlytics | $33.0M Other Equity | — | Rupert Duchesne, Canaan Partners, Kinetic Ventures, Polaris Partners, TTV Capital |
| Aug 16, 2010 | Cardlytics | $18.0M Other Equity | ITC Holdings, Campbell B. Lanier | Canaan Partners, Polaris Partners, TTV Capital |
Key people at ITC Holdings.
