Posts Tagged ‘ITC Holdings Corp.’

Entergy expecting 1Q loss

by Associated Press Published: April 20,2012

Tags: Entergy Corp., FactSet, Haley Fisackerly, ITC Holdings Corp., Mississippi, Mississippi Business Journal, Vermont

NEW ORLEANS — Utility holding company Entergy Corp. said Thursday that it expects to post a first-quarter loss because of a financial impairment one of its nuclear plants and expenses from its proposed spinoff of its electric transmission business. The company also lowered its profit guidance for 2012 because of the non-cash write-off and warm [...] [...]

Entergy to spin off transmission business to ITC

by Associated Press Published: December 5,2011

Tags: Alabama, Iowa, ITC Holdings Corp., Joseph L. Welch, Louisiana, Michigan, Mississippi, New Orleans, Rnterrgy, Texas

Utility holding company Entergy Corp. plans to spin off its electric transmission business and merge it into ITC Holdings Corp., which operates power transmission lines in the Midwest. Entergy, based in New Orleans, said Monday that it will receive about $1.78 billion in cash, and its stockholders will receive shares of a new company created [...] [...]

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