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REGULATORY MATTERS Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
[1],[2]
Jun. 30, 2015
[1],[2]
Mar. 31, 2015
[1],[2]
Dec. 31, 2014
Sep. 30, 2014
[2]
Jun. 30, 2014
[2]
Mar. 31, 2014
[2]
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Regulatory Matters                      
Transmission rate, applicable period                 1 year    
Revenue true-up amount reflected in customer bill, period of recognition                 2 years    
Regulatory assets $ 248,112       $ 229,105       $ 248,112 $ 229,105  
Operating revenues 224,034 [1],[2] $ 273,189 $ 275,058 $ 272,487 231,097 [2] $ 270,134 $ 263,214 $ 258,603 1,044,768 [1],[2] 1,023,048 [2] $ 941,272
Interest expense                 203,779 186,636 168,319
Net income 37,365 [1],[2] $ 65,573 $ 72,336 $ 67,132 $ 46,738 [2],[3] $ 73,873 [3] $ 54,336 [3] $ 69,136 [3] 242,406 [1],[2] $ 244,083 [2],[3] $ 233,506
MISO Formula Rate Template Modification Filing | Impact from Recognition of Liability                      
Regulatory Matters                      
Operating revenues                 9,500    
Interest expense                 900    
Net income                 6,200    
ITC Great Plains | Start-up, Development and Pre-construction Expenses, Including Associated Carrying Charges                      
Regulatory Matters                      
Regulatory assets 12,600               12,600    
Regulatory assets, accumulated amortization 1,000               $ 1,000    
Regulatory asset, amortization period                 10 years    
Equity component of carrying charges $ 9,900               $ 9,900    
ITC Midwest                      
Regulatory Matters                      
Rate discount                 $ 4,100    
Rate discount period                 8 years    
[1] During the third and fourth quarters of 2015, we recognized an aggregate regulatory liability for the refund relating to the formula rate template modifications filing as described in Note 4, which resulted in a reduction in operating revenues and operating income of $9.5 million and an estimated $6.2 million reduction to net income for the year ended December 31, 2015.
[2] During the year ended December 31, 2015 and the fourth quarter of 2014, we recognized an aggregate estimated regulatory liability for the potential refunds relating to the ROE complaints as described in Note 16, which resulted in a reduction in operating revenues and operating income of $115.1 million and $46.9 million and an estimated $73.2 million and $28.9 million reduction to net income for the years ended December 31, 2015 and 2014, respectively.
[3] During the second quarter of 2014, we incurred a loss on extinguishment of debt of $29.2 million related to the tender of ITC Holdings Senior Notes as described in Note 8, which resulted in an estimated reduction to net income of $18.2 million.