Dive Summary:

• Entergy Corp. is attempting to spin off its operating companies and merge its electric transmission business into a subsidiary of ITC Holdings Corp.
• The process requires multi-state and federal approvals, the next of which is headed to Louisiana, where the Public Service Commission will rule on the merging of Entergy New Orleans, Inc. and Entergy Louisiana, LLC with ITC and ITC Midsouth LLC.
• Entergy is seeking approval to transfer about 15,800 miles of interconnected transmission lines to ITC, thus making it one of the largest electrical transmission companies in the country.

From the article:

Entergy Corp. and ITC Holdings Corp. continued their multi-state and federal regulatory process seeking approval for Entergy's utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC. Taking the next step in the process are Entergy New Orleans, Inc. and Entergy Louisiana, LLC, which, in conjunction with ITC and ITC Midsouth LLC, filed a joint application with the New Orleans City Council.

Entergy and ITC initiated the regulatory process with a joint application filing with the Louisiana Public Service Commission on Sept. 5. ...