June 5, 2025

ITC Midwest seeks rate incentives for $1.5B grid expansion in Upper Midwest

ITC’s proposed portfolio of projects are part of a larger multi-billion-dollar grid expansion across the region intended to bolster grid resiliency and enhance renewable integration.

Rate Incentive Request: ITC Midwest LLC, a subsidiary of ITC Holdings Corp., requested incentives to mitigate financial risks for four proposed transmission projects spanning Iowa, Minnesota, and South Dakota, according to a June 4 filing. In a separate application, ITC subsidiary ITCTransmission requested incentives for a project in Michigan. The projects, representing about $1.51 billion in investments for ITC, are ...

Details:

Filing Date: June 4, 2025

Docket Numbers:

ER25-2426

Short Summary:

ITC Midwest LLC, a subsidiary of ITC Holdings Corp., requested incentives to mitigate financial risks for four proposed transmission projects spanning Iowa, Minnesota, and South Dakota, according to a June 4 filing. In a separate application, ITC subsidiary ITCTransmission requested incentives for a project in Michigan. The projects, representing about $1.51 billion in investments for ITC, are part of the Midcontinent Independent System Operator Inc.’s long-range transmission planning (LRTP) tranche 2.1.

Impact Level:

Categories:

Rate & Tariff Tracker

Tags: Grid Expansion, Transmission, Transmission Planning, Transmission Projects, Transmission Rate Incentives

Entities: Fortis Inc., ITC Holdings Corp.

Markets: Midcontinent Independent System Operator (MISO)

Regions: Central

States: Iowa, Minnesota, South Carolina

Regulators: FERC

Courts:

Documents:

Transmission Rate Incentives – Application