Investor Presentaiton

ITC Holdings Corp. ITCTransmission METC ITC MidWest SPP MISO ITC Great Plains Transmission Systems KETA Project Kansas V-Plan Montana North Dakota Minnesota Hugo to Valiant Elm Creek to Summit ITC MVP Projects ITC Utility Status New Mexico South Dakota Nebraska lowa Wisconsin Kansas Missouri Oklahoma Arkansas Texas Louisiana Indiana Illinois Mississippi Michigan Type of utility Regulator Regulatory model 2017 Formula 2017F Midyear Rate Base 5-Year CAGR on Midyear Rate Base (1) 2016 Assets % of total regulated assets (2) 2016 Pro Forma Earnings (3) 2016 Pro Forma Earnings % of total regulated pro forma net earnings Major Capital Projects Development Opportunities (4) Pending Regulatory Decisions ITC Holdings Corp. Transmission FERC Independent Transmission Company 11.32-12.16% ROE on 60% equity $7.1B 4.8% 39% $352M 33% Multi-Value Regional Transmission Projects ("MVPs") and 34.5 to 69 kilovolt Conversion Project Lake Erie Connector and Mexico Transmission Projects Second MISO Base ROE Complaint (1) (2) 5-Year CAGR on midyear rate base includes 2017 to 2022 forecast. Includes goodwill. (3) Assumes full year of earnings converted at a USD/CAD exchange rate of 1.33, represents the Corporation's 80.1% controlling interest in ITC, excludes one-time merger-related expenses and includes consolidated purchase price accounting adjustments. Earnings from October 14, 2016, the date of acquisition were $59 million. (4) Development opportunities are not included in the base capital forecast and would represent incremental capital spending. FORTIS 26

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