Cameron M. Bready, Executive Vice President and Chief Financial Officer for ITC Holdings Corp. (ITC) Interviews with the Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - February 21, 2014 - The Wall Street Transcript has just published its Alternative Energy & Utilities Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Outlook for Biofuels and Biochemicals - Asia Pacific Demand for Solar Energy - Grid Parity Timelines for Alternative Energy - Solar Energy Pricing - Government Subsidies and Regulation - Solar Growth Drivers and Headwinds - Regulatory Headwinds for U.S. Utilities

Companies include: ITC Holdings Corp. (ITC)

In the following excerpt from the Alternative Energy & Utilities Report, the CFO of ITC Holdings Corp. (ITC) discusses the outlook for his company for investors:

TWST: Give us an update on your capital plan. Where are you focusing your efforts, and where will you focus over the next three to five years?

Mr. Bready: I would say generally our capital investment plans are geared towards two primary objectives. First, we are a transmission owner and operator here in the broad Midwest region and in the Southwest region as well. So our first priority is to ensure that the underlying operating systems that we have today are providing our customers with a high level of reliability at a competitive cost.

We put a great emphasis on ensuring that we are making the right investments in our transmission systems for the benefit of our customers and that those systems are performing at what we would characterize as well above industry average performance levels from a reliability point of view. We think that as an independent transmission company with a sole focus on transmission, and the fact that we are focused on this one aspect of the vertical, we ought to be able to produce better results for customers from a reliability perspective at a competitive cost. I think our track record has demonstrated that we're very much proficient at doing that.

The second priority for our capital investments is really centered around finding opportunities to participate in the expansion of the grid on the regional basis in a way that helps to promote more effective competitive markets and ultimately lower delivered cost of energy for customers.

As you look at the way the grid was designed historically, it was never designed with the competitive market structure - that exists in many parts of the country today - in mind. We have been a leader in identifying opportunities to expand the grid on more of a regional basis...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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