DEBT (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Interest Rate Swap Agreements

A summary of the terminated interest rate swaps is provided below:



Interest Rate Swaps	Amount		Weighted Average Fixed Rate	Gain (Loss) on Derivative			Settlement Date
(amounts in millions)
10-year interest rate swaps	$	250.0	3.70%	$	(15.0	)	June 2013
30-year interest rate swaps	225.0		2.82%	26.2			June 2013
Total	$	475.0		$	11.2

Schedule of Revolving Credit Agreements

At September 30, 2013, ITC Holdings and its Regulated Operating Subsidiaries had the following unsecured revolving credit facilities available, each of which bears interest at a variable rate based on the prime rate or LIBOR (subject to adjustment based on credit rating):



(amounts in millions)	Total Available Capacity		Outstanding Balance (a)		Unused Capacity		Weighted Average Interest Rate on Outstanding Balance		Commitment Fee Rate (b)		Original Term	Date of Maturity
Revolving Credit Agreements:
ITC Holdings	$	200.0	$	—	$	200.0	n/a	(c)	0.25	%	5 years	May 2016
ITCTransmission	100.0		28.3		71.7		1.3%		0.125	%	5 years	May 2016
METC	100.0		54.4		45.6		1.3%		0.125	%	5 years	May 2016
ITC Midwest	175.0		94.7		80.3		1.2%		0.10	%	5 years	May 2017
ITC Great Plains	150.0		36.7		113.3		1.9%		0.30	%	4 years	February 2015
Total	$	725.0	$	214.1	$	510.9

____________________________


(a)	Included within long-term debt.


(b)	Calculation based on the average daily unused commitments, subject to adjustment based on the borrower’s credit rating.


(c)	Loan bears interest at a rate equal to LIBOR plus an applicable margin of 1.75% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1% above the one month LIBOR, plus an applicable margin of 0.75%, subject to adjustments based on ITC Holdings’ credit rating.