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Tuesday, December 21, 2010

Modernizing the Electric Grid

ITC Holdings builds and runs electrical transmission lines in the Midwest U.S.  In fact, some of these lines run through our local valley of doom.  ITC stands to benefit from critical infrastructure upgrades needed to modernize the grid.  Earlier this year, the stock broke out of a two year cup and handle pattern.  Our one year target is around $77 per share.  Investors are paid a 2% dividend while they wait.

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