Investor Presentaiton
ITC Holdings
A Fortis Company
Type of Utility
Regulator
Regulatory Model
2019 Formula
2019F Rate Base
5-Year CAGR on Rate Base (1)
2018 Assets % of Total Consolidated
Regulated Assets (2)
2018 Earnings (3)
2018 Earnings % of Total Regulated
Earnings (3)
Major Capital Projects
Development Opportunities (4)
Upcoming Regulatory Decisions
Transmission
FERC
Independent Transmission Company
11.07-12.16% ROE on 60% equity
$8.5B
6.8%
38%
$361M
31%
Multi-Value Regional Transmission Projects & 34.5kV
to 69kV Transmission Conversion Project
Lake Erie Connector, Incremental Grid Enhancements
& Big Chino Valley
MISO Base ROE Complaints
BC
AB
AZ
APPENDIX
ON
NY
Belize
Grand
Cayman
ΡΕΙ
NL
ITC Operations:
ITC Michigan
ITC Midwest
ITC Great Plains
Fortis Operations
Turks and
Caicos Islands
ITC
A FORTIS COMPANY
(1) US dollar-denominated rate base for 2018 is based on the actual average USD/CAD foreign exchange rate of $1.30 and forecast rate base for 2019 to 2023 is based on $1.28.
(2) Includes goodwill.
(3) Represents the Corporation's 80.1% controlling interest in ITC.
(4) Development opportunities are not included in the base capital forecast and would represent incremental capital spending.
FORTIS.INC
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