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DEBT Schedule of Revolving Credit Agreements (Details)
3 Months Ended
Mar. 31, 2016
USD ($)
Line of Credit Facility [Line Items]  
Total available capacity $ 1,000,000,000
Outstanding balance 232,800,000 [1]
Unused capacity 767,200,000
ITC Holdings  
Line of Credit Facility [Line Items]  
Total available capacity 400,000,000
Outstanding balance 7,000,000 [1]
Unused capacity $ 393,000,000 [2]
Weighted average interest rate 1.60% [3]
Commitment fee rate 0.175% [4]
Unused capacity, adjusted for commercial paper outstanding $ 86,000,000
Interest rate description Loan bears interest at a rate equal to LIBOR plus an applicable margin of 1.25% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, plus an applicable margin of 0.25%, subject to adjustments based on ITC Holdings’ credit rating.
ITCTransmission  
Line of Credit Facility [Line Items]  
Total available capacity $ 100,000,000
Outstanding balance 61,100,000 [1]
Unused capacity $ 38,900,000
Weighted average interest rate 1.40% [5]
Commitment fee rate 0.10% [4]
Interest rate description Loans bear interest at a rate equal to LIBOR plus an applicable margin of 1.00% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, subject to adjustments based on the borrower’s credit rating.
METC  
Line of Credit Facility [Line Items]  
Total available capacity $ 100,000,000
Outstanding balance 12,400,000 [1]
Unused capacity $ 87,600,000
Weighted average interest rate 1.40% [5]
Commitment fee rate 0.10% [4]
Interest rate description Loans bear interest at a rate equal to LIBOR plus an applicable margin of 1.00% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, subject to adjustments based on the borrower’s credit rating.
ITC Midwest  
Line of Credit Facility [Line Items]  
Total available capacity $ 250,000,000
Outstanding balance 90,800,000 [1]
Unused capacity $ 159,200,000
Weighted average interest rate 1.40% [5]
Commitment fee rate 0.10% [4]
Interest rate description Loans bear interest at a rate equal to LIBOR plus an applicable margin of 1.00% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, subject to adjustments based on the borrower’s credit rating.
ITC Great Plains  
Line of Credit Facility [Line Items]  
Total available capacity $ 150,000,000
Outstanding balance 61,500,000 [1]
Unused capacity $ 88,500,000
Weighted average interest rate 1.40% [5]
Commitment fee rate 0.10% [4]
Interest rate description Loans bear interest at a rate equal to LIBOR plus an applicable margin of 1.00% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, subject to adjustments based on the borrower’s credit rating.
[1] Included within long-term debt.
[2] ITC Holdings’ revolving credit agreement may be used for general corporate purposes, including to repay commercial paper issued pursuant to the commercial paper program described above, if necessary. While outstanding commercial paper does not reduce available capacity under ITC Holdings’ revolving credit agreement, the unused capacity under this agreement adjusted for the commercial paper outstanding was $86.0 million as of March 31, 2016.
[3] Loan bears interest at a rate equal to LIBOR plus an applicable margin of 1.25% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, plus an applicable margin of 0.25%, subject to adjustments based on ITC Holdings’ credit rating.
[4] Calculation based on the average daily unused commitments, subject to adjustment based on the borrower’s credit rating.
[5] Loans bear interest at a rate equal to LIBOR plus an applicable margin of 1.00% or at a base rate, which is defined as the higher of the prime rate, 0.50% above the federal funds rate or 1.00% above the one month LIBOR, subject to adjustments based on the borrower’s credit rating.