Entergy Mississippi Inc., in conjunction with ITC Holdings Corp. (ITC) has filed a request on Friday at the Mississippi Public Service Commission to spin off the Mississippi electric transmission business and merge it into a subsidiary of ITC.
The Mississippi filing continues the multi-state and federal regulatory process seeking approval for the transaction announced last year by Entergy Corp. ( ETR) and ITC.
"This proposal builds on years of hard work and aggressive investment to improve service to our customers," said Haley Fisackerly, Entergy Mississippi president and CEO. "It paves the way for new investment, new expertise and an independent company singularly focused on transmission in the region."
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