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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Financial Information by Reportable Segment
As discussed in Note 3, during the second quarter of 2016, ITC Interconnection became a transmission owner in the FERC-approved RTO, PJM Interconnection. As a result, the newly regulated transmission business at ITC Interconnection is included, along with our Regulated Operating Subsidiaries, in the regulated operations segment as of June 1, 2016. The following tables show our financial information by reportable segment:
 
Three months ended
 
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OPERATING REVENUES:
June 30,
 
June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Regulated operations (a)
$
297,954

 
$
274,990

 
$
577,970

 
$
547,440

ITC Holdings and other
288

 
209

 
595

 
386

Intercompany eliminations
(198
)
 
(141
)
 
(388
)
 
(281
)
Total Operating Revenues
$
298,044

 
$
275,058

 
$
578,177

 
$
547,545

 
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INCOME BEFORE INCOME TAXES:
June 30,
 
June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Regulated operations (a)
$
166,639

 
$
149,640

 
$
319,426

 
$
298,458

ITC Holdings and other
(50,734
)
 
(34,208
)
 
(99,541
)
 
(75,434
)
Total Income Before Income Taxes
$
115,905

 
$
115,432

 
$
219,885

 
$
223,024

 
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NET INCOME:
June 30,
 
June 30,
(in thousands)
2016
 
2015
 
2016
 
2015
Regulated operations (a)
$
102,935

 
$
92,081

 
$
197,120

 
$
183,520

ITC Holdings and other
70,726

 
72,336

 
134,963

 
139,468

Intercompany eliminations
(102,935
)
 
(92,081
)
 
(197,120
)
 
(183,520
)
Total Net Income
$
70,726

 
$
72,336

 
$
134,963

 
$
139,468

TOTAL ASSETS:
June 30,
 
December 31,
(in thousands)
2016
 
2015
Regulated operations
$
7,954,645

 
$
7,463,557

ITC Holdings and other
4,344,359

 
4,147,915

Reconciliations / Intercompany eliminations (b)
(4,232,038
)
 
(4,056,150
)
Total Assets
$
8,066,966

 
$
7,555,322

____________________________
(a)
Amount includes the results of operations from ITC Interconnection for the period June 1, 2016 through June 30, 2016.
(b)
Reconciliation of total assets results primarily from differences in the netting of deferred tax assets and liabilities at our subsidiaries in the regulated operations segment as compared to the classification in our condensed consolidated statements of financial position.