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REGULATORY ASSETS AND LIABILITIES Regulatory Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Jan. 31, 2007
Feb. 28, 2003
Regulatory Assets        
Current regulatory assets $ 14,736 $ 5,393    
Non-current regulatory assets 233,376 223,712    
Regulatory assets 248,112 229,105    
Revenue Accruals, Including Accrued Interest        
Regulatory Assets        
Current regulatory assets [1] 14,736 5,393    
Non-current regulatory assets [1] 25,670 12,387    
Revenue Accruals, Accrued Interest        
Regulatory Assets        
Current regulatory assets 265 120    
Non-current regulatory assets 153 75    
Income Taxes Recoverable Related to AFUDC Equity        
Regulatory Assets        
Non-current regulatory assets 103,465 87,168    
Pensions and Postretirement        
Regulatory Assets        
Non-current regulatory assets 18,981 34,151    
Income Taxes Recoverable Related to Implementation of the Michigan Corporate Income Tax        
Regulatory Assets        
Non-current regulatory assets 8,869 8,869    
Accrued Asset Removal Costs        
Regulatory Assets        
Non-current regulatory assets 12,117 7,337    
Other        
Regulatory Assets        
Non-current regulatory assets 267 2,156    
ITCTransmission | ADIT Deferral        
Regulatory Assets        
Non-current regulatory assets 21,716 24,746    
Regulatory assets, accumulated amortization 38,886 35,856    
Regulatory assets       $ 60,600
METC | ADIT Deferral        
Regulatory Assets        
Non-current regulatory assets 21,228 23,587    
Regulatory assets, accumulated amortization 21,228 18,869    
Regulatory assets     $ 42,500  
METC | Regulatory Deferrals        
Regulatory Assets        
Non-current regulatory assets 8,486 9,257    
Regulatory assets, accumulated amortization 6,943 6,172    
Regulatory assets     $ 15,400  
ITC Great Plains | Start-up, Development and Pre-construction Expenses, Including Associated Carrying Charges        
Regulatory Assets        
Non-current regulatory assets [2] 12,577 $ 14,054    
Regulatory assets, accumulated amortization 1,000      
Regulatory assets $ 12,600      
[1] Refer to discussion of revenue accruals in Note 4 under “Cost-Based Formula Rates with True-Up Mechanism.” Our Regulated Operating Subsidiaries do not earn a return on the balance of these regulatory assets, but do accrue interest carrying costs, which are subject to rate recovery along with the principal amount of the revenue accrual.
[2] Refer to discussion of ITC Great Plains start-up, development and pre-construction in Note 4 under “ITC Great Plains Start-Up, Development and Pre-Construction Regulatory Assets.”