trending Market Intelligence /marketintelligence/en/news-insights/trending/jwCFqbtA0uyuGhiRb6MlIg2 content esgSubNav
In This List

US approves Fortis purchase of ITC Holdings

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding


US approves Fortis purchase of ITC Holdings

The U.S. Committee on Foreign Investment has clearedFortis Inc.'sproposed $11.3 billion purchase of ITC Holdings Corp.

In its review, the committee concluded that the deal poses"no unresolved national security concerns," Fortis said in a July 11release.

The transaction also has been by shareholders of both Fortisand ITC. It now requires approvals from state and federal regulators, includingFERC and the U.S. Federal Trade Commission.

Fortis expects to close the transaction by the end of 2016.