ITC Holdings planning $12B wind-energy transmission system for Upper Midwest

The Novi-based ITC Holdings Corp. plans to build a network of transmission lines to deliver wind power from the upper Midwest.

Excerpt:

Novi-based ITC Holdings Corp. on Monday unveiled plans to build a network of transmission lines intended to deliver 12,000 megawatts of wind power from remote windy areas in the upper Midwest to load centers such as Chicago, Minneapolis and Southeast Wisconsin.

The company pegged the total cost of the so-called Green Power Express at between $10 billion and $12 billion.

ITC [NYSE:ITC] said it has formed Green Power Express LP, a limited partnership that plans to file today an application with the Federal Energy Regulatory Commission requesting approval of revenue recovery and construction incentives.

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