- ITC Holdings (ITC +12.2%) is trading again after a brief halt following a Bloomberg report that the company is working with financial advisers to explore a sale.
- The electricity transmission company spiked 13% to above $38/share before the halt.
- ITC is the only publicly traded utility specializing solely in high-voltage power lines, which are regulated by the FERC, and it has the highest return on equity among U.S. utility owners, according to Bloomberg.