Simpson Thacher recently represented Michigan Electric Transmission Company, LLC (“METC”), a wholly owned subsidiary of ITC Holdings Corp. (“ITC”), in connection with METC’s offering of $125,000,000 million aggregate principal amount of its 5.08% Series A Senior Secured Notes due 2036 and $125,000,000 million aggregate principal amount of its 5.71% Series B Senior Secured Notes due 2046 in a private placement. The offering closed on January 14, 2026. ITC is the largest independent electricity transmission company in the United States. ITC provides transmission grid solutions to improve reliability, expand access to markets, allow new generating resources to interconnect to its systems and lower the overall cost of delivered energy. Through its regulated operating subsidiaries ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains, ITC owns and operates high-voltage transmission infrastructure in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas, Oklahoma and Wisconsin. These systems serve a combined peak load exceeding 23,000 megawatt hours along 16,000 circuit miles of transmission line. ITC is a subsidiary of Fortis Inc., a leader in the North American regulated electric and gas utility industry. The Simpson Thacher team for the transaction included Mark Brod, Julie de Keukeleire, Deane Ciampa and Sandy Cho (Capital Markets); George Gerstein (Executive Compensation and Employee Benefits); Jon Cantor and Jemma Li (Tax); Krista McManus (Real Estate); Eli Isak (Credit); and Courtney Welshimer, Paige Brinton and Christian Bond (Intellectual Property).