ITC Midwest can keep the capital structure it has had in place since 2007, FERC decided, blocking a complaint led by Alliant Energy.

Industrial energy users and other ratepayers are balking at FERC’s proposal to abandon Order 1000’s competition measures.

Utilities are seeking Congressional help to defeat FERC’s proposal to eliminate the transmission rate adder for remaining in RTOs.

In a first-quarter earnings call with analysts, Fortis CEO David Hutchens highlighted the work of subsidiary ITC Transmission in MISO and PJM.

FERC affirmed a previous ruling that found three ITC Holdings subsidiaries were no longer fully independent, disqualifying them from a transco adder.

FERC reduced the return on equity adders previously granted to ITC Holdings subsidiaries for being independent, standalone transmission providers.

ITC Holdings, the largest independent transmission operator in the U.S., agreed to be acquired by Canadian utility operator Fortis in a deal valued at $11.3 billion, the companies announced.