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.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau