Posts Tagged ‘Rnterrgy’

Entergy to spin off transmission business to ITC

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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