ITC Holdings Corp. (ITC) is the nation’s largest independent transmission company. ITC shares rose in the fourth quarter in the context of the general strong performance of utilities. We believe ITC has robust prospects for growth and will be able to continue to execute on its growth strategy and concurrent five-year capital plan. The primary drivers for transmission investment – reliability and connection of new electricity generation (including renewables) – remain intact and we believe ITC is well positioned to benefit from these trends. (Rebecca Ellin)
From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q4 2014 Quarterly Report.
