Entergy OKs agreement to divest transmission business
by MBJ Staff Published: December 6,2011
Tags: divestiture, electricity, energy, mergers and acquisitions, power, utilities
NEW ORLEANS — The boards of directors of Entergy Corporation and ITC Holdings Corp. have approved a definitive agreement under which Entergy will divest and then merge its electric transmission business into ITC. Entergy’s electric transmission business consists of approximately 15,700 miles of interconnected transmission lines at voltages of 69kV and above and associated substations [...] [...]
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