2008 Annual Report

2008 Annual Report		Page
	COVER
COVER ANNUAL REPORT Our Vision Financial Highlights Three-Year Results Letter to Shareholders Transforming Shaping Achieving Independence Improving Reliability: Salem-Hazelton Project Bringing Independent Transmission to the Grea... Today's Energy Grid Regional Planning and Cost Allocation Transmission Siting Challenges Service Area Envisioning Leading Interconnecting Midwestern Wind ITC's Green Power Express New Station to Suport Growth, Reliability Continued Focus on Reliability Assistance in Restoration During Historical F... Board of Directors Management Team Corporate Information FORM 10-K TABLE OF CONTENTS PART I ITEM 1. BUSINESS. ITEM 1A. RISK FACTORS. ITEM 1B. UNRESOLVED STAFF COMMENTS. ITEM 2. PROPERTIES. ITEM 3. LEGAL PROCEEDINGS. ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SE... PART II ITEM 5. MARKET FOR REGISTRANT’S COMMON ... ITEM 6. SELECTED FINANCIAL DATA. ITEM 7. MANAGEMENT’S DISCUSSION AND ANA... ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOS... ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAR... MANAGEMENT’S REPORT ON INTERNAL CONTROL... REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOU... REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOU... CONSOLIDATED STATEMENTS OF FINANCIAL POSITION CONSOLIDATED STATEMENTS OF OPERATIONS CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHO... ITC HOLDINGS CORP. AND SUBSIDIARIES CONSOLIDA... ITC HOLDINGS CORP. AND SUBSIDIARIES NOTES TO ... ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACC... ITEM 9A.CONTROLS AND PROCEDURES. ITEM 9B.OTHER INFORMATION. PART III ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND COR... ITEM 11.EXECUTIVE COMPENSATION. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFI... ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TR... ITEM 14.PRINCIPAL ACCOUNTING FEES AND SERVICE... PART IV ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHE... SCHEDULE I -- Condensed Financial Information... SIGNATURES EXHIBITS