Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Section 1 - About the Company 6 ITC Holdings Corp. - Key Facts 6 ITC Holdings Corp. - Key Employees 7 ITC Holdings Corp. - Key Employee Biographies 9 ITC Holdings Corp. - Major Products and Services 11 ITC Holdings Corp. - History 12 ITC Holdings Corp. - Company Statement 14 ITC Holdings Corp. - Locations And Subsidiaries 16 Head Office 16 Other Locations & Subsidiaries 16 Section 2 – Company Analysis 17 ITC Holdings Corp. - Business Description 17 ITC Holdings Corp. - Corporate Strategy 18 ITC Holdings Corp. - SWOT Analysis 19 SWOT Analysis - Overview 19 ITC Holdings Corp. - Strengths 19 Strength - Leading Market Position 19 Strength - Strategic Partnerships 19 ITC Holdings Corp. - Weaknesses 20 Weakness - Substantial Debt 20 Weakness - Working Capital Deficit 20 ITC Holdings Corp. - Opportunities 21 Opportunity - Five-Year Capital Investment Program 21 Opportunity - Growing Demand for Electricity 21 Opportunity - Strategic Initiatives 21 ITC Holdings Corp. - Threats 22 Threat - Transmission and Distribution Losses: the US 22 Threat - Regulatory Framework 22 Threat - Dependence on Primary Customers: MISO Regulated Subsidiaries 22 ITC Holdings Corp. - Key Competitors 23 Section 3 – Company Financial Ratios 24 Financial Ratios - Capital Market Ratios 24 Financial Ratios - Annual Ratios 25 Performance Chart 26 Financial Performance 26 Financial Ratios - Interim Ratios 27 Financial Ratios - Ratio Charts 28 Section 4 – Company’s Power Financial Deals and Alliances 29 ITC Holdings Corp., Power, Deals By Year, 2010 to YTD 2016 29 ITC Holdings Corp., Power, Deals By Type, 2010 to YTD 2016 30 ITC Holdings Corp., Recent Deals Summary 31 Section 5 – Company’s Recent Developments 32 Apr 28, 2016: ITC Reports First Quarter 2016 Results 32 Feb 25, 2016: ITC Reports Fourth Quarter and Year Ended 2015 Results 34 Dec 14, 2015: Detroit Zoo Goes to 100% Renewable Electricity 37 Nov 18, 2015: Gretchen Holloway Appointed Treasurer For ITC Holdings Corp. 38 Nov 05, 2015: ITC Reports Continued Strong Performance for Third Quarter and Year-to-Date 2015 Results 39 Sep 25, 2015: Transformer Delivered to Morocco Substation in Michigan 42 Jul 30, 2015: ITC Reports Continued Strong Growth for Second Quarter and Year-to-Date 2015 Results 43 Jul 28, 2015: ITC Petitions FERC to Allow Competitive Transmission Process to Set Rates 46 Jul 06, 2015: ITC Announces Matthew Dills as New Vice President of Human Resources 47 May 25, 2015: ITC Conducting Aerial Patrols of Transmission Lines in East-Central Michigan 48 Section 6 – Appendix 49 Methodology 49 Ratio Definitions 49 About GlobalData 53 Contact Us 53 Disclaimer 53

List of Tables ITC Holdings Corp., Key Facts 6 ITC Holdings Corp., Key Employees 7 ITC Holdings Corp., Key Employee Biographies 9 ITC Holdings Corp., Major Products and Services 11 ITC Holdings Corp., History 12 ITC Holdings Corp., Subsidiaries 16 ITC Holdings Corp., Key Competitors 23 ITC Holdings Corp., Ratios based on current share price 24 ITC Holdings Corp., Annual Ratios 25 ITC Holdings Corp., Interim Ratios 27 ITC Holdings Corp., Power, Deals By Year, 2010 to YTD 2016 29 ITC Holdings Corp., Power, Deals By Type, 2010 to YTD 2016 30 ITC Holdings Corp., Recent Deals Summary 31 Currency Codes 49 Capital Market Ratios 49 Equity Ratios 50 Profitability Ratios 50 Cost Ratios 51 Liquidity Ratios 51 Leverage Ratios 52 Efficiency Ratios 52 List of Figures ITC Holdings Corp., Performance Chart (2011 - 2015) 26 ITC Holdings Corp., Ratio Charts 28 ITC Holdings Corp., Power, Deals By Year, 2010 to YTD 2016 29 ITC Holdings Corp., Power, Deals by Type, 2010 to YTD 2016 30

CMS Energy Corporation Alliant Energy Corporation Otter Tail Corporation Ameren Corporation DTE Energy Company