trending Market Intelligence /marketintelligence/en/news-insights/trending/jwCFqbtA0uyuGhiRb6MlIg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

US approves Fortis purchase of ITC Holdings

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

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.