Veteran Executive Management Team Named,
Expects to Add 50 Jobs Within 12 Months
ANN ARBOR, Mich., April 28 /PRNewswire/ -- International Transmission
Company has begun operating as an independently owned, for-profit business,
moving electricity from power generating facilities in Michigan and the
Midwest to customers in southeastern Michigan.
The new company is the result of divestiture by DTE Energy of its electric
transmission assets to comply with the Federal Energy Regulatory Commission
(FERC) and Michigan policy initiatives to promote an independent power
transmission grid.
The majority shareholder in the new company is ITC Holdings LP, a Michigan
partnership. Company management and employees own a minority interest.
International Transmission currently employs 50 people and expects to
double that number within the next 12 months. To accommodate this growth, the
company will open a new headquarters building this September in the Orchard
Hills Office Park at 8 Mile and Haggerty Roads in Novi. Approximately 25
operational staff members will remain at the Michigan Electric Power
Coordination Center, International Transmission's technical operations
facility in Ann Arbor. The company's executive team, financial, engineering
and communications staff will relocate to Novi.
The new company's executive management team brings more than 140 years of
industry experience and includes Joseph Welch, president and chief executive
officer; Edward Rahill, vice president - chief financial officer; Richard
Schultz, vice president - engineering; Linda Blair, vice president - policy &
business development; James Cyrulewski, vice president - operations; Joseph
Dudak, vice president - resource and asset management; Larry Bruneel, vice
president - federal affairs and John H. Flynn, vice president - general
counsel. Most held management positions with DTE Energy prior to joining
International Transmission.
"Because the transmission of electricity is our only business, we are
intensely focused on investments in infrastructure and engineering solutions
that will result in greater efficiency in the flow of electricity, better
system reliability and lower overall costs," said Joseph Welch.
International Transmission's service territory covers 7,500 square miles
in southeastern Michigan. This includes all or parts of 12 counties and
metropolitan Detroit, an area with more than 4.5 million people. Its system
comprises more than 2,500 pole-miles of overhead and underground high-voltage
transmission lines, transmission structures (poles, towers), 39 transmission
sub-stations, rights-of-way and easements, and the power coordination center
in Ann Arbor.
International Transmission Co. is on the cutting edge of FERC's "open
access" policy, which it issued in 1996 and supplemented in 1999. Open access
requires that owners and operators of transmission systems make available
their transmission lines to all power generators and qualified customers on
comparable, non-discriminatory terms. The intent of the FERC policy is to
enhance reliability by increasing financial and physical investment into the
transmission system and encourage the entry of new buyers and sellers into
power markets.
The State of Michigan, through the Michigan Public Service Commission and
the Legislature, have followed FERC's direction by supporting the transfer of
transmission assets to independent entities. Michigan is the first state in
which virtually all electric utility customers receive their power from a
completely independent transmission system.
For more information, visit http://www.itctransco.com
SOURCE International Transmission Company
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Related links:
http://www.itctransco.com
CONTACT:
Linda Blair of International Transmission
Company, +1-734-332-5151, lblair@itctransco.com ; or Marc Harlow,
+1-313-567-5014, harlow@franco.com , for International
Transmission Company
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