The May 11, 1966 edition of the Caymanian Weekly, a precursor of the Cayman Compass, reported:
“The official liquidator had completed his legal duties and disposed of the assets of the former electricity company – the Cayman Islands Public Service Ltd. the way was clear for the new company to take over.
“The take-over price having been paid, His Honor the Administrator, on behalf of the government signed the franchise for the production, sale and distribution of electricity in the area of Grand Cayman not covered by any other franchise.
“Mr. Jack Ewald accepted the franchise on behalf of Caribbean Utilities Company Ltd.
“Stockholders of Caribbean Utilities Company, Ltd., have elected eight persons to the board of directors of the new firm which took over yesterday from the Government Electricity Undertaking, the operation of Grand Cayman’s power facilities.
“The five officers of the company, whose selection was announced earlier, will serve as directors along with Mr. James Anders, Mr. Alex Herrington and Mr. A.D. Langford. All three additional directors are businessmen residing in Lexington, Ky., and all have been visitors on the island within the last few months, thus becoming acquainted with the power needs here. The company takes pleasure in welcoming Hon. W.T. Farrington, C.B.E. Capt. Eldon Kirkconnell and Mr. Warren Conolly, all members of the Legislative Assembly, as the three local directors.
“The company, which will hold its annual general meeting of stockholders early in January every year at the local offices, expects delivery in June of a new 500 kilowatt generating unit ordered some time ago to increase the capability of the central power plant.
“Other projects are planned to improve both the facilities and the electric service on the island and to extend the service into additional areas.
“In the evening a cocktail party was given by His Honor and Mrs. Cumber at Government House to celebrate the occasion and to wish the directors and staff of then new company evert success in their new venture.”