What is ITC Holdings Total Electric Transmission Line Miles?
Transmission lines connect generating plants and substations that deliver power to customers. Usually called conductors, they are usually sets of wires. Longer the electric transmission line miles, larger the area the company would cover, which might lead to a higher electricity generation and a higher revenue.
ITC Holdings's Total Electric Transmission Line Miles for the annual that ended in Dec. 2019 was 15,900.00
, which higher from pervious year (Dec. 2018)'s result by 3.92%.
The historical rank and industry rank for ITC Holdings's Total Electric Transmission Line Miles or its related term are showing as below:
ITC's Total Electric Transmission Line Miles is not ranked *
in the Utilities - Regulated industry.
Industry Median: * Ranked among companies with meaningful Total Electric Transmission Line Miles only.
ITC Holdings Total Electric Transmission Line Miles Historical Data
The historical data trend for ITC Holdings's Total Electric Transmission Line Miles can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
ITC Holdings Total Electric Transmission Line Miles Chart
ITC Holdings (NYSE:ITC) Total Electric Transmission Line Miles Explanation
Transmission lines are a high voltage line that carries electricity from power plants to the substations. From there, electricity is further distributed to various areas for different purposes. Transmission lines and distribution lines make up the entire electricity grid, which consists of hundreds of thousands miles of high-voltage power lines and millions of miles of low-voltage power lines. Distribution transformers connect thousands of power plants to hundreds of millions of electricity customers all across the country.
Longer electric transmission line miles indicate a larger area / more customers the company would cover, which might lead to a higher electricity generation and a higher revenue.
The origin of the electricity that consumers purchase varies. Some electric utilities generate all the electricity they sell using just the power plants they own. Other utilities purchase electricity from others such as power marketers and independent power producers or from a wholesale market organized by a regional transmission reliability organization.
Another similar term is Total Electric Distribution Line Miles. The difference between a transmission and a distribution line is that a transmission line helps in the movement of electricity from a power plant or power station to the various substations whereas the distribution line carries electricity from the substation to consumers.
ITC Holdings Total Electric Transmission Line Miles Related Terms
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ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.
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