New Orleans–based nuclear power company Entergy said Monday that it plans to divest its electric- transmission business and merge it with ITC Holdings.
Novi, Michigan–based ITC will incur $1.78 billion in debt in connection with the transaction—no other money will change hands—and take over 15,700 miles of transmission lines that deliver electricity to Arkansas, Louisiana, Mississippi, and Texas.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
