Gillian Tan, Columnist

ITC's Light-Bulb Moment

The electricity-transmission company's exploration of a sale looks opportune.

December 1, 2015 at 8:11 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

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When you're operating in an industry that's consolidating rapidly, it's hard to just stand by.

ITC Holdings, an independent power-transmission company operating in the U.S. Midwest, confirmed late Monday that its board has begun reviewing strategic alternatives which "may result in the company’s possible sale or pursuit of other initiatives to maximize value for shareholders."