FERC Approves Entergy-ITC Asset Transfer

by Luke Jones  on Friday, Jun. 21, 2013 11:37 am  

Entergy transmission lines

The Federal Energy Regulatory Commission has approved the $1.78 billion sale of Entergy Corp.'s interstate transmission system to ITC Holdings Corp. of Novi, Mich. The transaction will transfer ownership of all 15,800 miles of Entergy's transmission lines in Arkansas, Louisiana, Mississippi and Texas to ITC.

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