NOVI, Mich., June 19, 2012/PRNewswire/ -- ITC Holdings Corp.(NYSE: [ ITC ]) today announced that its chief financial officer Cameron Bready is being recognized as one of "America's Best CFOs" in the electric utilities sector by Institutional Investor, a leading international business to business publisher focused primarily on international finance. ITC is the nation's largest fully independent electric transmission company.

(Photo: [ http://photos.prnewswire.com/prnh/20120619/DE27389 ] )

Bready will be honored at the CFO Awards Dinner today in New York in conjunction with Institutional Investor's Corporate Financial Executive Summit.

"This award truly belongs to the entire ITC finance team, as it is very much reflective of their cumulative efforts to deliver the strong financial management that helps make ITC a premier energy company," said Bready. "We are honored that our peers have chosen to recognize us for our accomplishments."

Institutional Investor award recipients are selected by a group of buy-side analysts, portfolio managers and sell-side analysts at security firms and financial institutions across the U.S. Through a survey, this group nominates executives for CEO, CFO, and IR professional, and companies, in each of the 48 industry sectors.

Bready also was recognized earlier this month by Crain's Detroit Business as 2012 CFO of the year in the $100 million to $1 billion revenue category.

About ITC Holdings Corp.

ITC Holdings Corp. (NYSE: [ ITC ]) is the nation's largest independent electric transmission company. Based in Novi, Michigan, ITC invests in the electric transmission grid to improve reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. ITC's regulated operating subsidiaries include ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains. Through these subsidiaries, ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri and Kansas, serving a combined peak load exceeding 26,000 megawatts along 15,000 circuit miles of transmission line. Through ITC Grid Development and its subsidiaries, the company also focuses on expansion in areas where significant transmission system improvements are needed. For more information, please visit ITC's website. (itc-ITC)

SOURCE ITC Holdings Corp.

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ITC Chief Financial Officer Receives "Best CFO" Award

ITC Chief Financial Officer Receives "Best CFO" Award

Cameron Bready recognized by Institutional Investor Magazine as one of America's Best CFOs