ITC Holdings Corporation

12/12/2024 | Press release | Distributed by Public on 12/12/2024 12:35

ITC Commends MISO Approval of Historic Transmission Plan

The Midcontinent Independent System Operator (MISO) Board's approval today of the second round of Long-Range Transmission Plan (LRTP) projects, Tranche 2.1, represents a years-long, collaborative process - including Tranche 1 in 2022 - that will result in building of urgently needed high-voltage transmission lines.

These critical transmission infrastructure projects will strengthen the backbone of the greater Midwest region's grid by enhancing system reliability and grid resilience to better withstand increasingly frequent and severe weather events, respond to load growth and support the generation fleet transition in the greater Midwest region. Beyond the reliability and resilience benefits, the projects will positively impact our local and regional communities by expanding access to generation resources for electric consumers and improving the distribution of lower-cost energy.

As our energy landscape and generation fleet continues to evolve, the buildout of strategic transmission infrastructure is key to meeting increasing energy demand, supporting economic growth and achieving renewable energy goals. We applaud the work of MISO and its many stakeholders, who have worked collaboratively and transparently to approve this historic investment, and continue to invest, in our region's critical transmission infrastructure. The benefits of MISO's Tranche 2.1 portfolio will be realized for many generations to come.

Read the MISO press release here and more on the urgent need to invest in transmission here.