Fixed Income Investors
SEC Financial Reports
2024
Form 10-Q – Third Quarter
Form 10-Q – Second Quarter
Form 10-Q – First Quarter
2023
Form 10-K
Form 10-Q – Third Quarter
Form 10-Q – Second Quarter
Form 10-Q – First Quarter
2022
Form 10-K
Form 10-Q – Third Quarter
Form 10-Q – Second Quarter
Form 10-Q – First Quarter
2021
Form 10-K
Form 10-Q – Third Quarter
Form 10-Q – Second Quarter
Form 10-Q – First Quarter
Debt Profile Information
Long-Term Debt Profiles as of Q3 2024
Long-Term Debt Maturity Schedule as of Q3 2024
Revolving Credit Facilities as of Q3 2024
ITC Holdings’ Green Bond Framework is intended to be in alignment with the Green Bond Principles as published in June 2021 by the International Capital Markets Association (ICMA) and has received Second Party Review from Sustainalytics.
Under this framework, we are able to finance or refinance, in part or in full, new or existing projects across six eligible project categories:
- Renewable Energy
- Energy Efficiency
- Clean Transportation
- Green Buildings
- Climate Change Adaptation
- Environmental Stewardship
October 2022 Issuance
On October 12, 2022, ITC Midwest issued $150 million of Green Bonds ($75.0 million Series K 3.87% First Mortgage Bonds, due October 12, 2027, and $75.0 million Series L 4.53% First Mortgage Bonds, due October 12, 2052). For the period November 2020 through April 2022, the Eligible Green Projects have connected or are expected to connect ~3.0 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report
January 2022 Issuance
On January 14, 2022, International Transmission Company issued $20 million of Green Bonds (2.93% First Mortgage Bonds due 2052). As of January 14, 2023, the Eligible Green Projects have connected or are expected to connect ~2.2 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report
August 2021 Issuance
On August 3, 2021, Michigan Electric Transmission Company, LLC issued $75 million of Green Bonds (2021 Series A 2.90% Senior Secured Notes due 2051). As of August 3, 2022, the Eligible Green Projects have connected or are expected to connect ~1.5 gigawatts (GW) of solar and/or wind generation facilities.
Management’s Assertion and Independent Accountant’s Attestation Report
Credit Rating History
Note: ITC OpCos ratings represent senior secured ratings of ITC Midwest, ITCTransmission, and METC.
(1) ITC Great Plains received A1/A rating in October 2014.
Credit ratings relate to our ability to issue debt securities and the cost to borrow money, and should not be viewed as an indication of future stock performance or a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any time and each rating should be evaluated independently of any other rating. Our current credit ratings are provided above. An explanation of these ratings may be obtained from the respective rating agency.
Fixed Income Investor FAQs
As independent electric transmission utilities, our regulated operating subsidiaries have rates that are regulated by the Federal Energy Regulatory Commission (FERC). Our regulated operating subsidiaries earn revenues through tariff rates charged for the use of their electric transmission systems by our customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers.
For information on ITC’s most recent financial results, click on the following link.
You should contact Assistant Treasurer Nisha Chopra at nchopra@itctransco.com.
Please submit your question via the Contact Form here.