ITC Holdings Corp. Declares Dividend to Shareholders

             ITC Holdings Corp. Declares Dividend to Shareholders

PR Newswire

NOVI, Mich., Nov. 8, 2012

NOVI, Mich., Nov. 8, 2012 /PRNewswire/ --ITC Holdings Corp. (NYSE: ITC)
announced today that its board of directors declared a quarterly cash dividend
on ITC common stock of $0.3775 per share, payable on Dec. 17, 2012 to
shareholders of record on Dec. 3, 2012.

About ITC Holdings Corp.
ITC Holdings Corp. (NYSE: ITC) is the nation's largest independent electric
transmission company. Based in Novi, Michigan, ITC invests in the electric
transmission grid to improve reliability, expand access to markets, lower the
overall cost of delivered energy and allow new generating resources to
interconnect to its transmission systems. ITC's regulated operating
subsidiaries include ITCTransmission, Michigan Electric Transmission Company,
ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns and
operates high-voltage transmission facilities in Michigan, Iowa, Minnesota,
Illinois, Missouri, Kansas and Oklahoma, serving a combined peak load
exceeding 26,000 megawatts along 15,000 circuit miles of transmission line.
Through ITC Grid Development and its subsidiaries, the company also focuses on
expansion in areas where significant transmission system improvements are
needed. For more information, please visit ITC's website at
www.itc-holdings.com. (itc-ITC)

SOURCE ITC Holdings Corp.

Website: http://www.itc-holdings.com
Contact: Investor/Analyst: Gretchen Holloway, +1-248-946-3595,
gholloway@itctransco.com; Media: Robert Doetsch, +1-248-946-3493,
rdoetsch@itctransco.com