ITC's Brian Slocum To Deliver Testimony At Congressional Hearing On The State Of U.S. Energy Infrastructure

WASHINGTON, Feb. 27, 2018 /PRNewswire/ -- ITC Holdings Corp. (ITC) Vice President of Operations Brian Slocum will appear before the House Committee on Energy and Commerce's Subcommittee on Energy today for a hearing on "The State of the Nation's Energy Infrastructure."

As part of his testimony, Slocum will address the Committee on the need for investment in the electric transmission grid in order to grow, sustain and protect the U.S. economy. He will underscore the need for regulatory and planning changes that better enable private investment in the grid, improving resilience and access to energy markets, lowering costs for consumers, and integrating diverse generation resources.

"We applaud efforts by Congress to streamline the permitting process for new infrastructure," said Slocum. "There is more that can be done to create a supportive regulatory approval and planning environment to unleash the critical investments that the private utility sector stands ready to make in our nation's energy infrastructure while also maintaining a strong commitment to environmental stewardship."

"More interregional grid connections also are necessary as this will increase system flexibility and resilience against potential threats, while still allowing for regionally flexible approaches to joint planning," he said. "Moving forward, the story is clear: As our economy becomes more dependent on reliable and affordable access to electricity, the demands we place on the electric transmission grid will only increase, so making investments now in modernizing this infrastructure is important."

About ITC Holdings Corp.
ITC is the largest independent electricity transmission company in the United States. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, allow new generating resources to interconnect to its transmission systems and lower the overall cost of delivered energy. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission infrastructure in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma, and in development in Wisconsin. These systems serve a combined peak load exceeding 26,000 megawatts along approximately 15,800 circuit miles of transmission line, supported by 660 employees and nearly 1,000 contractors across our expanding footprint. ITC's grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities. For further information visit www.itc-holdings.com. ITC is a subsidiary of Fortis Inc. a leader in the North American regulated electric and gas utility industry. For further information visit www.fortisinc.com.

SOURCE ITC Holdings Corp.