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Topic: Caribbean Utilities Company (CUC)

CUC electricity sales, earnings decline

Caribbean Utilities Company posted net earnings of $3.3 million in the first quarter of 2021, half-a-million dollars less than during the same period last year.
The Caribbean Utilities Company

CUC partners with Electriq Power in residential battery storage project

Electriq will supply 10 homes in Grand Cayman with its PowerPod energy storage system to showcase the technology.

CUC electricity sales and earnings fall

Border closures and coronavirus-related lockdown measures have caused a decline in Caribbean Utilities Company’s full-year electricity sales and earnings.

Business in brief

EY’s Robert Moncrieff, Global Insurance International and Transactions Tax Services leader, has joined the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands.

CUC exports more than 1 million pounds of recyclable material

Caribbean Utilities Company has implemented a programme that so far has exported the equivalent of almost three "football fields" of recyclable materials, including electrical transformers, waste oil, rubber, copper, steel, brass, aluminium, streetlights, wire, wood and concrete.

CUC posts ‘stable’ third-quarter results

As a result of COVID-19, CUC's net earnings for the first nine months of 2020 dropped by $4.2 million, to $18.7 million, compared to the same period last year.
The Caribbean Utilities Company

CUC aims to raise funds with rights offering

Caribbean Utilities Company is inviting existing shareholders to buy more shares with a rights offering, aiming to raise as much as US$47.8 million.

COVID-19 hits CUC’s quarterly results

Caribbean Utilities Company reported an operating income of US$5.6 million in the second quarter of 2020, a decrease of $2.6 million compared to the same period last year. CUC said the results “reflect the impact COVID-19 has had on our business and Grand Cayman’s economy”.

CUC dispatches team to Bahamas

Seven local power line technicians and technician helpers have joined teams on the ground in the Bahamas assisting with hurricane relief efforts. The men, all employees of the Caribbean Utilities Company’s Transmission and Distribution Operations department, left for the Abaco Islands on Friday.

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