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Topic: Caribbean Utilities Company
Consumers are likely to face higher electricity bills starting this month after Caribbean Utilities Company (CUC) raised its base rates by 6.6%.
Caribbean Utilities Company's first-quarter net earnings of US$3.9 million were down by US$0.6 million compared to the same period last year, despite higher electricity sales and lower general and administrative costs.
Caribbean Utilities Company is offering alternative payment terms for its customers who may be going through financial hardships during the COVID-19 pandemic.
Faults in the control systems of three major generating units at the Caribbean Utilities Company's North Sound plant led to Sunday's widespread power outage, CUC stated Monday.
Caribbean Utilities Company has installed the country’s first SmartFlower 2.5-kilowatt system at its adopted roundabout by Kings Sports Centre.
A new utility scale battery storage project could mean cheaper electricity bills and accelerate Cayman’s switch to renewable energy, regulators said Monday.
Higher than average temperatures in May and June helped drive up electricity sales for the Caribbean Utilities Company, pushing its operating income to a US$0.5 million increase in the second quarter of this year.
Lawyers for the Caribbean Utilities Company have motioned for two rebuttal arguments raised by Howard Industries to be dismissed by the court in ongoing litigation over defective electrical equipment.
Caribbean Utilities Company is hosting 18 students as part of its annual vocational and internship programme.
Caribbean Utilities Company is advising motorists to exercise caution on Mount Pleasant Road due to work that will take place between Monday, 15 July, and Friday, 26 July.
People in the Crystal Harbour area should expect short interruptions (of no more than 5 minutes) to their electrical service on Wednesday between 10-11am, according to a Caribbean Utilities Company statement.
The Caribbean Utilities Company says recent power outages east of Prospect are happening because the company is working on putting a better system in place.
Caribbean Utilities Company has closed the first US$40 million tranche of an US$80 million private placement.
Caribbean Utilities Company reported higher earnings on the back of a 4% increase in kilowatt hour sales, lower transmission and distribution costs and lower finance charges.
The Caribbean Utilities Company is planning a scheduled outage for customers on North Sound Road in George Town on Sunday, May 5.
Caribbean Utilities Company held its third annual Energy Efficiency Forum and Fair at Camana Bay’s Arts and Recreation Centre on Saturday.
The Caribbean Utilities Company is advising its customers in North Sound Road, George Town, that they will experience interruptions to their service from 6 a.m. to 6 p.m. on Sunday, April 14.
The Caribbean Utilities Company has planned a scheduled power interruption for the Randyke Gardens area, off the Linford Pierson Highway, in George Town that will take place Friday.
Forty new “turtle-friendly” streetlights are being installed along roads adjacent to some of Cayman’s turtle nesting beaches as part of a pilot project.
In celebration of Engineering Week, Dart Minds Inspired and Caribbean Utilities Company hosted a screening of “Dream Big: Engineering Our World” for a group of about 130 local high school students on Friday.
Caribbean Utilities Company are hosting a 5K walk/run Sunday, raising funds for the Sunrise Adult Training Centre and the Cayman Islands Athletic Association.
Caribbean Utilities Company reported annual operating income of US$28.4 million, a $1 million increase over 2017, as a result of higher electricity sales revenues.
The amount of renewable energy the Caribbean Utilities Company can purchase from residences and businesses has been increased, but the rates CUC will pay for that energy has been lowered.
Peter A. Thomson wants to give back to the society that has given him so much.
Glenda McTaggart would like to see Cayman students take over the world of robotics, or at least play a part in the burgeoning technical field. But, she said, it will require change.
Cayman’s power provider, the Caribbean Utilities Company, announced this week that the Utility Regulation and Competition Office has accepted its Integrated Resource Plan, a 125-page report that sets out a nearly three-decade road map for the territory to transition from mostly fossil fuels to more sources of renewable energy.
Some Caribbean Utilities Company customers in West Bay will experience power outages between 9 a.m. and 3 p.m. on Wednesday, according to the company.
Caribbean Utilities Company is advising its West Bay customers that they will experience some interruptions to their electrical service on Tuesday, Dec. 4.
The board of directors of Caribbean Utilities Company has declared a dividend of US$0.175 per class A ordinary share, or an annualized dividend of US$0.70 per share.
Caribbean Utilities Company announced third quarter net earnings of $9.2 million, an increase of $1.5 million over the same period last year.
Richard Hew, president and chief executive officer of Caribbean Utilities Company, was featured as a guest speaker at the International College of the Cayman Islands on Oct. 25 as part of the college’s mission to provide students with opportunities to engage with industry leaders in the Cayman Islands.
The Caribbean Utilities Company is warning green iguana cullers to exercise “extreme caution” around electricity poles and power lines while they are hunting the animals.
The Caribbean Utilities Company is advising its customers in the Mount Pleasant area of West Bay that they will experience interruptions to their service on Monday, Oct. 15 between 9:30 a.m. and 1:30 p.m.
The Royal Cayman Islands Police Service issued a warning on Wednesday about a number of reports it has received since June of attempted scams conducted using the social networking site LinkedIn.
The Caribbean Utilities Company is advising customers in the Pedro Castle Road area of Savannah that they will experience a planned service interruption on Saturday between 8:30 a.m. and 6 p.m. The interruption has been planned to allow CUC to upgrade electric lines and poles in the area.
The Caribbean Utilities Company advised of an email scam circulating Wednesday that falsely used the company name.
The Caribbean Utilities Company has broken ground on a $14 million substation, which CUC touted as infrastructure that will increase the capacity to generate electricity in the Seven Mile Beach area, and will provide backup to West Bay.
As part of an ongoing initiative to maintain a skilled workforce, Caribbean Utilities Company has partnered with Fortis Alberta to launch a new apprentice program.
A push to modernize Cayman’s existing street lights has begun.
Caribbean Utilities Company is advising commercial customers in the Galleria Plaza on West Bay Road that they will experience interruptions to their electrical service early next week.
A conference was scheduled to take place on Aug. 13 in the United States for the Caribbean Utilities Company and the U.S.-based manufacturer Howard Industries Inc. to reach a settlement over CUC’s claims that the company sold it defective electrical equipment, costing Cayman’s power provider “millions of dollars” in damages.
The Caribbean Utilities Company released its second quarter financial results last week, posting a roughly $900,000 increase in earnings compared to Q2 of last year.
The Caribbean Utilities Company announced on Monday that its board of directors has declared a dividend of US$0.175 per Class A Ordinary Share, or an annualized dividend of US$0.70 per share.
The Caribbean Utilities Company has advised customers in the Mount Pleasant and The Shores areas of West Bay that they will experience a service interruption on Friday. The planned interruption will start around 9 a.m. and continue until 2:30 p.m.
The Caribbean Utilities Company issued an advisory Tuesday warning customers in Newlands that they will experience planned service interruptions to their electrical service on Thursday and Friday morning.
A judicial review hearing began on Monday over a dispute between Caribbean Utilities Company subsidiary DataLink and the Utility Regulation and Competition Office, known as OfReg.
The Caribbean Utilities Company is in settlement talks with U.S.-based manufacturer Howard Industries Inc., which CUC claims sold defective electrical equipment that cost the power company “millions of dollars” in damages and potentially endangered Cayman’s residents.
Cayman’s energy infrastructure is generally reliable, but accidents do happen. Whenever the power goes out – morning or night, holiday, weekend or workday – residents can trust that CUC is ready to respond.
The Board of Directors of Caribbean Utilities Company has declared an increase in the regular quarterly dividend from US$0.17 to US$0.175 per Class A Ordinary Share.
Caribbean Utilities Company reported a 2-percent increase in total customers, a 3-percent increase in electricity sales, but also an $1.8-million decline in net earnings for the first quarter of 2018 compared to the same period a year earlier.
Power outages affected wide swaths of Grand Cayman on Wednesday night from around 7:15 p.m., including areas in George Town, Bodden Town, West Bay and Prospect.
Cayman’s power provider, the Caribbean Utilities Company, is suing a U.S.-based manufacturer for allegedly selling it defective electrical equipment, costing CUC “millions of dollars” in damages and potentially endangering residents.
Caribbean Utilities Company reported a $500,000 increase in its operating income for the full financial year 2017.
Equipment failure during scheduled maintenance and upgrade work on a transmission loop led to power outages in a number of districts on Grand Cayman Friday, the Caribbean Utilities Company said.
The Caribbean Utilities Company experienced a brief power outage caused by iguanas on a power line on Tuesday. All four iguanas were killed from exposure to the power lines.
Briat Insurance Ltd. has appointed Jon Coleman as general manager. Mr. Coleman will oversee the management of operations encompassing the finance, human resources, IT and facilities, regulatory relations and compliance functions.
Seeking to diffuse peak power demands, the Caribbean Utilities Company will make major changes, starting this month, to its renewable energy program ahead of a report about allocating resources during the next 30 years.
For the first time, the Caribbean Utilities Company has listed renewable energy in its public financial statements, accounting for nearly $350,000 in September.
Caribbean Utilities Company, Ltd. announced third quarter net earnings of $7.7 million, an increase of $0.3 million compared to the same period last year. While a 5 percent increase in kWh sales supported net earnings, higher depreciation and general and administration costs partially offset the effect.
More than half of electricity consumers on Grand Cayman were affected by a power outage that lasted a little more than 90 minutes on Wednesday morning.
Caribbean Utility Company customers in Frank Sound, Bodden Town and South Sound found themselves without electrical power on Wednesday morning.
Cayman seniors enjoyed A Night with the Stars hosted by Caribbean Utilities Company on Thursday, Oct. 12.
Caribbean Utilities Company’s new demand billing scheme could be offset by private solar installations, forcing the utility to move consumers instantly to its new rate structure to prevent damaging the company though “demand destruction.”
Seven employees of the Caribbean Utilities Company traveled to the British Virgin Islands Monday to assist with the territory’s power restoration efforts in the wake of Hurricane Irma.
Capping more than a year of talks with electricity regulators, the Caribbean Utilities Company on Monday announced January 2018 implementation of “demand billing,” charging commercial customers depending on consumption patterns.
As the Atlantic hurricane season continues, contractors who built the solar farm in Bodden Town that opened in June say hurricane force winds are unlikely to lift any of the nearly 22,000 panels off their foundations.
The wrath of Hurricane Irma played out in full measure over Florida on Sunday, and the new week brought damage assessments and estimates of when vital services can resume again.
When Charles Watler decided to memorialize his late wife, Jacqueline Ann Watler, he knew he wanted to capture her bright spirit and her love for the church community. For a woman who was always working on one project or another, Mr. Watler thought solar panels would provide a fitting analogy.
There are more than 15,000 utility poles on Grand Cayman, all of which serve as potential nodes for fiber-optic cables. Telecom companies are eager to use those poles to expand their fiber networks, which would improve and expand their broadband internet services.
Sixteen students got some firsthand experience working in a variety of roles this summer at Caribbean Utilities Company. The power company’s annual summer internship program is in its 17th year.
Tower, a strategic communications agency, recently added two Caymanian students, Parker Godwin and Stefan Langlois, to its team as summer interns. Mr. Godwin, 21, is a senior at the University of South Alabama, where he is double majoring in marketing and management.
Volunteers from the Caribbean Utilities Company and members of the Sunrise Adult Training Centre community attended their annual summer movie outing at Regal Cinema in Camana Bay on July 13.
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