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  <TITLE> ITC Holdings Corp. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 31, 2007
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  	ITC Holdings Corp.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Michigan
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  	001-32576
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  	32-0058047
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	39500 Orchard Hill Place, Suite 200, Novi, Michigan
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  	48375
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	248-374-7100
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 8.01 Other Events.
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  On August 31, 2007, International Transmission Company&#x2019;s ("ITCTransmission") billing rate of $2.350 per kW/month and Michigan Electric Transmission Company, LLC&#x2019;s ("METC") billing rate of $2.022 per kW/month, both for the period from January 1, 2008 through December 31, 2008, were posted by the Midwest Independent Transmission System Operator Inc.  The rates are based on the ITCTransmission and METC Attachment O rate formulas using projected net revenue requirement and load, in accordance with the Federal Energy Regulatory Commission&#x2019;s approvals in Docket No. ER06-1006 and ER07-95, for ITCTransmission and METC respectively.  This information can be accessed on the Internet at http://oasis.midwestiso.org/oasis/DECO for ITCTransmission and http://oasis.midwestiso.org/oasis/METC for METC.
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	ITC Holdings Corp.
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  	&nbsp;&nbsp;
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  <I>
  	August 31, 2007
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  	By:
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  <I>
  	Daniel J. Oginsky
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  <I>
  	Name: Daniel J. Oginsky
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  <I>
  	Title: Vice President and General Counsel
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_22428.htm", "description": "LIVE FILING", "secsgml_size_bytes": 9015}]
metadata_filer: {"company-data": {"conformed-name": "ITC Holdings Corp.", "cik": "0001317630", "assigned-sic": "4911", "irs-number": "320058047", "state-of-incorporation": "MI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32576", "film-number": "071094639"}, "business-address": {"street1": "39500 ORCHARD HILL PLACE, SUITE 200", "city": "NOVI", "state": "MI", "zip": "48375", "phone": "248-374-7100"}, "mail-address": {"street1": "39500 ORCHARD HILL PLACE, SUITE 200", "city": "NOVI", "state": "MI", "zip": "48375"}}
text: ITC Holdings Corp. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 31, 2007
  ITC Holdings Corp.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Michigan
  001-32576
  32-0058047
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  39500 Orchard Hill Place, Suite 200, Novi, Michigan
  48375
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  248-374-7100
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 8.01 Other Events.
  On August 31, 2007, International Transmission Company's ("ITCTransmission") billing rate of $2.350 per kW/month and Michigan Electric Transmission Company, LLC's ("METC") billing rate of $2.022 per kW/month, both for the period from January 1, 2008 through December 31, 2008, were posted by the Midwest Independent Transmission System Operator Inc.  The rates are based on the ITCTransmission and METC Attachment O rate formulas using projected net revenue requirement and load, in accordance with the Federal Energy Regulatory Commission's approvals in Docket No. ER06-1006 and ER07-95, for ITCTransmission and METC respectively.  This information can be accessed on the Internet at http://oasis.midwestiso.org/oasis/DECO for ITCTransmission and http://oasis.midwestiso.org/oasis/METC for METC.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  ITC Holdings Corp.
  August 31, 2007
  By:
  Daniel J. Oginsky
  Name: Daniel J. Oginsky
  Title: Vice President and General Counsel