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Fortis Inc.

09:50 AM EST - Fortis Inc. : And ITC Holdings Corp. today announced that the Illinois Commerce Commission has approved its application authorizing Fortis to proceed with its acquisition of ITC. The decision marks another significant advancement in the regulatory approval process. The transaction is expected to close by the end of the year. Fortis Inc. shares T.FTS are trading down $0.05 at $42.60.