Topic: Richard Hew
CUC and regulator reach agreement on additional power capacity
The electricity regulator has approved a 'certificate of need' proposal by the Caribbean Utilities Company, bringing to an end a dispute that had delayed bids for new power generation on Grand Cayman.
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
Energy regulator scraps fossil fuel plan in out-of-court settlement
Energy regulators are rethinking a decision to commission a massive new investment in fossil fuels amid pressure to accelerate Grand Cayman’s switch to solar power.
CUC attributes energy bill decrease to infrastructure investment
Caribbean Utilities Company residential customers should expect to see a 9% decrease in their July energy bills compared to the same month last year.
Lower average electricity bills in January, says CUC
Electricity producer Caribbean Utilities Company says that average household bills for January should be less than at the start of 2024 as lower rates kick in.
CUC boss predicts renewable switch will slash bills within 5 years
Homes and businesses can expect up to $40 million in cost savings annually as the Cayman Islands begins its transition to renewable energy over the next few years, utilities boss Richard Hew has claimed.
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.
$1M donation to bolster law enforcement imaging equipment
A donation of US$1 million to the R3 Cayman Foundation will be going towards supplying law enforcement agencies with new imaging equipment.
$1.2m spent for gov’t electricity-assistance programme
CUC President and CEO Richard Hew has said $1.2 million has been spent thus far in the government-funded electricity relief programme which commenced in July.
Cayman expands local youth football leagues
Cayman’s youth football ladder is about to become more complete.
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 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.
ICCI celebrates Class of 2018
The International College of the Cayman Islands held its 46th commencement ceremony late last month, to celebrate the Class of 2018.
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’s sales are up but earnings decline on depreciation, costs
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.
Business in Brief: Student interns spend summer at Tower
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.
