Topic: Caribbean Utilities Company
Court orders Ombudsman to revisit CUC energy-costs decision
The Ombudsman has been ordered to rehear an appeal by the Caribbean Utilities Company after an earlier decision by the office that the industry regulator should release costs and renewable energy studies to the public
CUC issues urgent request to supply more power
The Caribbean Utilities Company has issued a new proposal to swiftly address an urgent shortage in Cayman's power supply and to allow large-scale solar and battery projects to be considered as part of the mix.
Cayman’s power firm marks 35 years on Toronto Stock Exchange
Cayman's power company has marked its 35th anniversary on the Toronto Stock Exchange (TSX) by opening the day's trading
Cayman issues historic tender for utility-scale solar project
The Utility Regulation and Competition Office has launched the largest utility-scale solar and battery storage project in Cayman's history.
Middle East conflict highlights Cayman’s energy fragility
Learn how tensions in the Middle East impact energy prices and the potential economic consequences for Cayman.
CUC argues in court against release of costs and renewable energy studies
Caribbean Utilities Company is battling in court to prevent the release of two studies that give information about its costs and the capacity of Grand Cayman's power grid to add renewable energy.
Rate hike for solar panel owners adding to power grid
Utilities watchdog OfReg has approved an increase in how much owners of renewable energy systems are paid to add power to CUC's grid, following what the regulator described as "lacklustre" demand for the existing programme.
OfReg accuses CUC of breaching licence over rolling blackout plans
Utilities regulator OfReg has accused Cayman's monopoly power supplier, Caribbean Utilities Company, of being in breach of its licence for failing to predict and respond accordingly to growing electricity demand on Grand Cayman.
CUC: Solar power only way to reduce fuel factor costs
The Caribbean Utilities Company says large-scale solar projects are the only way to reduce expensive fuel factor costs facing Cayman's growing population, and it hopes to reduce those costs by 50% in the next six years.
CUC’s net earnings increase by 34%
Caribbean Utilities Company's net earnings saw a 34% increase during the third quarter of 2023, compared to the three months from July to September 2022, according to its latest financial report.
Clean-energy advocates voice concern over natural gas
Caribbean Utility Company’s latest moves towards using natural gas as part of its energy production have sparked concerns over fuel cost, sustainability and required infrastructure.
CUC plans to use natural gas in energy production
Cayman’s sole electricity producer is making moves to incorporate the burning of natural gas in its energy generation as part of plans to reduce power bills and become more eco-friendly.
Power bills are soaring – here’s why
Residents across Cayman were left shocked by last month's power bills, the latest in a round of crippling cost-of-living challenges, but CUC and OfReg insist high temperatures not high profits are to blame for storing bills.
Green experts call for legal right to at-home solar systems
Renewables experts have asked the government to allow Cayman residents to install solar and battery energy storage systems at their homes or businesses without prior permission.
CUC, OfReg reviewing solar programmes
The Caribbean Utilities Company and industry regulator OfReg have launched two separate studies to determine what is a fair price for solar providers and customers.
CUC closes US$80 million debt offering
Caribbean Utilities Company has closed an US$80 million debt offering in the form of 5.88% senior unsecured notes due 15 Nov. 2052.
CUC reports more customers, higher net earnings in Q1
Caribbean Utilities Company has increased its customer base by 869 customers, or 3%, to 32,365 in the first quarter of 2022.
CUC waits for all-clear to work on restoring power
Caribbean Utilities Company said it will be sending crews out to assess damage to its lines once the all-clear is given from Tropical Storm Grace, while confirming that there are no problems with its generation plant.
Consumers to see higher electricity bills
Consumers are likely to face higher electricity bills starting this month after Caribbean Utilities Company (CUC) raised its base rates by 6.6%.
CUC quarterly earnings drop
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.
CUC: No disconnections in March, credit extended for 3 months
Caribbean Utilities Company is offering alternative payment terms for its customers who may be going through financial hardships during the COVID-19 pandemic.
Generator faults lead to power outages for 25,000 customers
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.
CUC using art to revolutionise renewable energy
Caribbean Utilities Company has installed the country’s first SmartFlower 2.5-kilowatt system at its adopted roundabout by Kings Sports Centre.
Battery storage could mean cheaper, cleaner power
A new utility scale battery storage project could mean cheaper electricity bills and accelerate Cayman’s switch to renewable energy, regulators said Monday.
Hot weather drives CUC sales up
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.
CUC argues against new evidence in defective equipment lawsuit
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.
18 students interning at CUC this summer
Caribbean Utilities Company is hosting 18 students as part of its annual vocational and internship programme.
CUC installing new poles in West Bay
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.
Planned power outages Wednesday in Crystal Harbour
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.
Power outages tied to upgrades
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.
CUC closes first tranche of largest debt issuance
Caribbean Utilities Company has closed the first US$40 million tranche of an US$80 million private placement.
CUC reports higher sales and earnings in first quarter 2019
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.
Power outage Sunday on North Sound Road
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 holds energy-efficiency fair
Caribbean Utilities Company held its third annual Energy Efficiency Forum and Fair at Camana Bay’s Arts and Recreation Centre on Saturday.
North Sound Road to have power outage
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.
Planned power interruption for Randyke Gardens Friday
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.
Turtle-friendly street lighting trial begins
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.
Students encouraged to ‘dream big’
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.
CUC fundraising 5K run set for Saturday
Caribbean Utilities Company are hosting a 5K walk/run Sunday, raising funds for the Sunrise Adult Training Centre and the Cayman Islands Athletic Association.
CUC reports annual earnings growth
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.
CUC will buy more renewable energy, but pay lower rates
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.
Family of CUC founder introduces scholarship
Peter A. Thomson wants to give back to the society that has given him so much.
New program aims to promote robotics
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.
CUC to move away from diesel energy
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.
CUC schedules West Bay power outage
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.
West Bay power outage scheduled
Caribbean Utilities Company is advising its West Bay customers that they will experience some interruptions to their electrical service on Tuesday, Dec. 4.
CUC declares dividend
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.
Weather and fuel prices hit sales but CUC increases earnings
Caribbean Utilities Company announced third quarter net earnings of $9.2 million, an increase of $1.5 million over the same period last year.
CUC chief executive speaks to ICCI students
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.
CUC warns iguana cullers about power lines
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.
CUC scheduling power outages in West Bay
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.
RCIPS, CUC warn against online scams
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.
CUC plans service interruption for Saturday
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.
Phishing scam poses as CUC
The Caribbean Utilities Company advised of an email scam circulating Wednesday that falsely used the company name.
CUC breaks ground on $14M substation
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.
CUC launches apprentice program
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.
CUC begins replacing Cayman’s street lights
A push to modernize Cayman’s existing street lights has begun.
Power outage planned at Galleria Plaza
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.
CUC, US manufacturer fail to settle faulty equipment lawsuit
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.
Caribbean Utilities Company Q2 earnings
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.
Caribbean Utilities Company dividend
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.
Electrical outage planned Friday in West Bay
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.
CUC plans interruptions Thursday and Friday
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.
Court hearing begins for telecom fiber network dispute
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.
CUC may settle lawsuit over ‘dangerous’ equipment
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.
EDITORIAL – Thanks to CUC: Cayman’s other ‘first responder’
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.
CUC announces higher dividend
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.
CUC reports more customers, higher sales, lower earnings
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 affect Grand Cayman districts
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.
CUC sues US manufacturer over faulty equipment
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.
CUC grows annual operating income but net earnings down
Caribbean Utilities Company reported a $500,000 increase in its operating income for the full financial year 2017.
CUC explains power outage
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.
