ITC Midwest Reduces Electric Transmission Outages by 77% Since 2007
March 26, 2024 | ITC Midwest, Press Releases
Reliability Continues to Improve, Driving Value for Customers
CEDAR RAPIDS, Iowa (March 26, 2024) – Through 2023, Iowa-based ITC Midwest has reduced the number of outages by 77% since acquiring the regional transmission system in 2007, based on a three-year rolling average. The outage reduction average improved from the previous three-year average of 70%, and the 2021 average of 65%.
Through investments in the electric grid, coupled with the company’s operational performance and maintenance activities, ITC Midwest continues to improve the grid’s performance and drive value for its customers, and ultimately, electric consumers.
“The 77% reduction in outages over the past 16 years is a testament to ITC Midwest’s sustained, targeted capital investments and ongoing operations and maintenance program. Most importantly, these results would not have been possible without the hard work and dedication of our entire team in collaboration with the distribution utilities we serve,” said ITC Midwest President Dusky Terry. “ITC Midwest works with leaders across Iowa to make our communities stronger, grow our local economies and support the quality of life we all enjoy.”
Improving system reliability is a key component of ITC Midwest’s Customer Value and Affordability Initiative, which prioritizes capital investment based on rate impact and customer impacts. When ITC Midwest took over the electric transmission system serving more than two-thirds of Iowa, it had largely reached the end of its usable life and needed significant investment.
The new transmission infrastructure built by the company has dramatically reduced system outages to improve system reliability, increased system capacity to provide the electric power needed to support the growth of Iowa’s economy, provided back-up capabilities to help keep the power on during system outages, and improved system efficiency. The result is a modernized transmission system that supports economic growth and development across Iowa, southern Minnesota, and northwestern Illinois.
About ITC Midwest
ITC Midwest LLC is a subsidiary of ITC HOLDINGS CORP., the largest independent electricity transmission company in the U.S. ITC Midwest operates more than 6,600 circuit miles of transmission lines in Iowa, Minnesota, Illinois and Missouri, and holds utility status in Wisconsin. ITC Midwest is headquartered in Cedar Rapids, Iowa, and maintains regional operating facilities in Dubuque, Iowa City and Perry, Iowa; and Albert Lea and Lakefield, Minnesota. For further information visit WWW.ITC-HOLDINGS.COM. ITC is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry. For further information visit WWW.FORTISINC.COM.
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Media Contact:
Rod Pritchard, ITC Midwest – 319-350-9255; RPRITCHARD@ITCTRANSCO.COM