A transmission utility company with a facility in Perry is merging with a Canadian utility company.

Fortis Incorporated will purchase ITC Holdings Corporation for $11.3 billion dollars.

Area Manager Troy Weary at the Perry facility says the good news is all employees and facility locations will remain in place.  They will keep the ITC name and things will remain status quo, just with new ownership.

After the merger, Fortis will be one of the top 15 North American public utilities in terms of enterprise value.