Entergy 2012 Annual Report Download - page 23

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Financial Review
Forward-Looking Information 22
Five-Year Summary of Selected Financial and Operating Data 23
Comparison of Five-Year Cumulative Return 23
Management’s Financial Discussion and Analysis 24
Report of Management 48
Reports of Independent Registered Public Accounting Firm 48
Internal Control Over Financial Reporting 49
Consolidated Income Statements 50
Consolidated Statements of Comprehensive Income 50
Consolidated Statements of Changes in Equity 51
Consolidated Balance Sheets 52
Consolidated Statements of Cash Flows 54
Notes to Consolidated Financial Statements 56
Additional Information and Where to Find It
ITC Holdings Corp. (ITC) filed a registration statement on Form S-4 (Registration
No. 333-184073) with the SEC registering the offer and sale of shares of ITC
common stock to be issued to Entergy shareholders in connection with the proposed
spin-merge transaction with Entergy. This registration statement includes a proxy
statement of ITC that also constitutes a prospectus of ITC. This registration
statement was declared effective by the SEC on February 25, 2013. ITC mailed the
proxy statement/prospectus to its shareholders on or about February 28, 2013.
ITC shareholders are urged to read the proxy statement/prospectus included in the
ITC registration statement and any other relevant documents because they contain
important information about Mid South TransCo LLC (TransCo) and the proposed
transactions. In addition, TransCo will file a registration statement with the SEC
registering the offer and sale of TransCo common units to be issued to Entergy
shareholders in connection with the proposed transactions. Entergy shareholders
are urged to read the proxy statement/prospectus included in the ITC registration
statement and the prospectus to be included in the TransCo registration statement
(when available) and any other relevant documents, because they contain important
information about ITC, TransCo and the proposed transactions. The proxy
statement/prospectus, prospectus and other documents relating to the proposed
transactions (when they are available) can be obtained free of charge from the SEC’s
website at www.sec.gov. The documents, when available, can also be obtained free
of charge from Entergy upon written request to Entergy Corporation, Investor
Relations, P.O. Box 61000, New Orleans, LA 70161 or by calling Entergy’s Investor
Relations information line at 1-888- ENTERGY (368-3749), or from ITC upon
written request to ITC Holdings Corp., Investor Relations, 27175 Energy Way,
Novi, MI 48377 or by calling 248-946-3000.
Transitions | Entergy Corporation and Subsidiaries 2012