ITC Holdings Provides Initial 2013 Operating Earnings and Capital Investment Guidance

 ITC Holdings Provides Initial 2013 Operating Earnings and Capital Investment
                                   Guidance

PR Newswire

NOVI, Mich., Nov. 12, 2012

NOVI, Mich., Nov. 12, 2012 /PRNewswire/ --ITC Holdings Corp. (NYSE: ITC)
today provided initial stand-alone operating earnings guidance for 2013 in the
range of $4.80 to $5.00 per share. The operating earnings guidance provided is
a non-GAAP measure which excludes the impact of after-tax expenses associated
with ITC's transaction with Entergy Corporation.

In addition, aggregate stand-alone capital investments for 2013 are expected
to be in the range of $760 to $860 million, which includes $200 to $230
million, $160 to $180 million, $270 to $300 million and $130 to $150 million
for operating subsidiaries ITCTransmission, METC, ITC Midwest and ITC Great
Plains, respectively.

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
(METC), ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns
and operates high-voltage transmission facilities in Michigan, Iowa,
Minnesota, Illinois, Missouri and Kansas, 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. (itc-ITC)

Safe Harbor Statement
This press release contains certain statements that describe our management's
beliefs concerning future business conditions, plans and prospects, growth
opportunities and the outlook for our business and the electricity
transmission industry based upon information currently available. Such
statements are "forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Wherever possible, we have
identified these forward-looking statements by words such as "will," "may,"
"anticipates," "believes," "intends," "estimates," "expects," "projects" and
similar phrases. These forward-looking statements are based upon assumptions
our management believes are reasonable. Such forward looking statements are
subject to risks and uncertainties which could cause our actual results,
performance and achievements to differ materially from those expressed in, or
implied by, these statements, including, among others, the risks and
uncertainties disclosed in our annual report on Form 10-K and quarterly
reports on Form 10-Q filed with the Securities and Exchange Commission.

Because our forward-looking statements are based on estimates and assumptions
that are subject to significant business, economic and competitive
uncertainties, many of which are beyond our control or are subject to change,
actual results could be materially different and any or all of our
forward-looking statements may turn out to be wrong. Forward-looking
statements speak only as of the date made and can be affected by assumptions
we might make or by known or unknown risks and uncertainties. Many factors
mentioned in our discussion in this release and in our annual and quarterly
reports will be important in determining future results. Consequently, we
cannot assure you that our expectations or forecasts expressed in such
forward-looking statements will be achieved. Actual future results may vary
materially. Except as required by law, we undertake no obligation to publicly
update any of our forward-looking or other statements, whether as a result of
new information, future events, or otherwise.

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