SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We identify reportable segments based on the criteria set forth by the FASB regarding disclosures about segments of an enterprise, including the regulatory environment of our subsidiaries and the business activities performed to earn revenues and incur expenses. The following tables show our financial information by reportable segment:

	Three months ended
OPERATING REVENUES:	March 31,
(in thousands)	2016			2015
Regulated Operating Subsidiaries	$	280,016		$	272,450
ITC Holdings and other	307			177
Intercompany eliminations	(190		)	(140		)
Total Operating Revenues	$	280,133		$	272,487

	Three months ended
INCOME BEFORE INCOME TAXES:	March 31,
(in thousands)	2016			2015
Regulated Operating Subsidiaries	$	152,787		$	148,818
ITC Holdings and other	(48,807		)	(41,226		)
Total Income Before Income Taxes	$	103,980		$	107,592

	Three months ended
NET INCOME:	March 31,
(in thousands)	2016			2015
Regulated Operating Subsidiaries	$	94,185		$	91,439
ITC Holdings and other	64,237			67,132
Intercompany eliminations	(94,185		)	(91,439		)
Total Net Income	$	64,237		$	67,132

TOTAL ASSETS:	March 31,			December 31,
(in thousands)	2016			2015
Regulated Operating Subsidiaries	$	7,752,752		$	7,463,557
ITC Holdings and other	4,253,768			4,147,915
Reconciliations / Intercompany eliminations (a)	(4,143,278		)	(4,056,150		)
Total Assets	$	7,863,242		$	7,555,322

____________________________

(a) Reconciliation of total assets results primarily from differences in the netting of deferred tax assets and liabilities at our Regulated Operating Subsidiaries as compared to the classification in our condensed consolidated statements of financial position.