67 WALL STREET, New York - August 28, 2012 - The Wall Street Transcript has just published its Utilities, Alternative Energy and Water Services 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 - Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation
Companies include: ITC Holdings Corp. (ITC) and many others.
In the following excerpt from the Utilities, Alternative Energy and Water Services, expert analysists discuss the outlook for the sector and for investors.
TWST: Would you begin by giving us an overview of ITC Midwest and telling us a bit about your role in the company? How does ITC Midwest fit into ITC Holdings?
Mr. Collins: First of all, I think it's important that like the rest of ITC, ITC Midwest is focused singularly on electric transmission. It's all we do. We are one of four operating companies under the ITC Holdings umbrella, and we've got transmission assets in Iowa, Minnesota, Illinois and Missouri. We own and operate a little over 6,600 miles of line. Right now, we're in the middle of upgrading that system that we purchased at the end of 2007 and its upgrade is needed for what I call the entire gamut of why you have a transmission system. We're trying to address some aged infrastructure, fix some reliability problems, take care of some congestion, interconnect new generating resources - basically do the investments that historically weren't done across the industry and now we're in catch-up mode.
Our goal, like the rest of ITC, is to be a robust system so we can adequately serve our customers not only today but prepare it for the future. One of the things that makes us somewhat unique is, not only do we have very good wind resources within our borders, but we also sit between, geographically and electrically, some highly efficient wind resources and potential wind resources west of us, and the major load centers which are east of us. So not only do we have wind generation connecting to our system, but we've also got to be prepared to transport wind across our system as it's generated on one side and delivered to the other.
Probably the other thing that is one of the strong points of ITC Midwest is, when we started this company, I was lucky enough to bring an employee base from Alliant Energy – Interstate Power and Light Co. that had a lot of experience. I think the average workforce experience of my team is 20 years in the industry. So while it's a new company where we're almost five years old, on average, my employees have 20 years' experience in the transmission business.
TWST: Would you tell us a little bit about your own background and your role at the company?
For more from 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 and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.