SOURCE: Industrial Info Resources

Industrial Info Resources

December 22, 2011 06:20 ET

Big and Getting Bigger: ITC Doubles Its Transmission Business With Entergy Deal, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Dec 22, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) announced plans to divest its transmission business in a December 5 transaction with ITC Holdings Corporation (NYSE:ITC) (Novi, Michigan). Now, the New Orleans company is out of a business it didn't want to be in, and the Michigan company is achieving its goal of scaling up to meet the expected build-out of the U.S. electric transmission business.

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