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CUC demand rates change for big customers

CUC demand rates change for big customers

| 27/12/2017 | 4 Comments

(CNS Business): More than 100 of CUC’s largest customers who are both generating their own power and using power supplied by CUC will face a new rate system in 2018. New Demand Rates for large commercial customers and those with Distributed Energy Resources will allow the customers’ billing to be itemized into fixed and variable costs under the new […]

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CUC sends new team to help BVI

CUC sends new team to help BVI

| 08/11/2017 | 0 Comments

(CNS Busines): A second group of linepersons from CUC’s transmission and distribution (T&D) operations department was sent to assist the British Virgin Islands Electricity Corporation (BVIEC) with the restoration of power following the passing of Hurricane Irma and Hurricane Maria in September. Andrew Wood, supervisor line services, is heading up the team, which arrived in […]

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Higher sales boost CUC profits

Higher sales boost CUC profits

| 06/11/2017 | 0 Comments

(CNS Business): Caribbean Utilities Company has revealed an increase on its third quarter earnings for 2017 when compared to the same period last year of $300,000 due to a 5% increase in sales. The third quarter 2017 was $7.7 million compared to net earnings of $7.4 million for the three months ended September 30, 2016. However, net […]

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CUC staff help BVI restore power

CUC staff help BVI restore power

| 11/10/2017 | 0 Comments

(CNS Local Life): Seven members of CUC’s transmission and distribution (T&D) operations department left Grand Cayman Monday, 9 October to assist the British Virgin Islands Electricity Corporation (BVIEC) with the restoration of power following the passing of Hurricane Irma and Hurricane Maria in September. The linepersons are expected to be in the British Virgin Islands […]

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CUC speeds power restoration in TCI

CUC speeds power restoration in TCI

| 03/10/2017 | 0 Comments

(CNS Business): Caribbean Utilities Company (CUC) has sent two more staff members to hurricane-hit Turks and Caicos Islands (TCI). Right after Irma ripped though the islands, CUC sent a crew of seven linepersons to help with restoration efforts. But with conditions there still very difficult, Joshua Ebanks, supervisor for transmission and distribution planning and estimating, […]

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OfReg to investigate CUC’s solar deal

OfReg to investigate CUC’s solar deal

| 29/06/2017 | 8 Comments

(CNS Business): With the price of solar energy now falling rapidly and the increase competitive pricing of other alternative fuels, Cayman’s utilities regulator, OfReg, has announced its intention to investigate the process around Cayman’s first commercial-scale renewable energy plant, which opened last week. The regulator said it wants to ensure that lessons are learned to […]

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Solar farm blooms despite unique challenges

Solar farm blooms despite unique challenges

| 22/06/2017 | 5 Comments

(CNS Business): The commissioning of Cayman’s first-ever solar farm Tuesday, 20 June, while historic on its own, was also the result of several innovations to accommodate the island’s unique requirements and overcome associated challenges. David March, managing partner of Entropy Investment Management, which partnered with CUC on the project, cited several environmental conditions that made […]

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CUC begins testing new solar facility

CUC begins testing new solar facility

| 05/06/2017 | 6 Comments

(CNS Business): Grand Cayman’s power provider is just a few weeks away from officially opening Cayman’s first ever solar farm. Caribbean Utilities Company (CUC) said in a statement today that it has started testing the facility in Bodden Town. Commissioned in partnership with solar project developer Entropy, the renewable energy 5MW facility is expected to […]

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CUC opens up more CORE capacity

CUC opens up more CORE capacity

| 11/05/2017 | 6 Comments

(CNS Business):  The new utilities regulator has approved the allocation of two more megawatts of capacity for CUC’s Consumer-Owned Renewable Energy (CORE) programme as the 6MW previously allocated has reached its limit. Caribbean Utilities Company (CUC) said that customers will have access to only 1MW right now; the second megawatt will be released before the […]

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Regulator seeks input on handling powerful utilities

Regulator seeks input on handling powerful utilities

| 03/05/2017 | 4 Comments

(CNS Business): The newly formed Utility Regulation and Competition Office (OfReg) has launched a public consultation to seek input on how it will manage and deal with monopolies in the utility sector. Officials said they want people to comment on what criteria and items of evidence should be used in defining relevant markets and assessing […]

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CUC engineer spending year at US power company

CUC engineer spending year at US power company

| 03/03/2017 | 0 Comments

(CNS Business): A Caribbean Utilities Company (CUC) employee has been sent to Tucson Electric Power (TEP) in Arizona, marking the first time that the company has participated in a secondment. Corey Miller is spending a year at the Tucson facility, enabling him to train and gain experience within another utility. Miller said of this opportunity, […]

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Fuel costs fall as earnings rise for CUC

Fuel costs fall as earnings rise for CUC

| 21/02/2017 | 8 Comments

(CNS Business): Grand Cayman’s monopoly power provider enjoyed an increase in net earnings of some $2.4 million last year but CUC said the average cost of bills still fell by almost 32% by the year-end compared to consumer bills at the end of 2014. The power provider said that the combination of a fall in […]

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Regulator seeks to gain trust with consistency

Regulator seeks to gain trust with consistency

| 14/02/2017 | 7 Comments

(CNS Business): The newly appointed boss of the government’s newest regulator says there are several challenges ahead for the new office but one of the most important is gaining the trust of the stakeholders across the utilities that he and the team will be regulating. Consistency, transparency, impartiality and independence will be key to forging […]

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Power consumption and development fuels CUC

Power consumption and development fuels CUC

| 14/11/2016 | 2 Comments

(CNS Business): CUC’s profits fell in the third quarter of this year by half a million dollars compared to last year due to higher depreciation and finance charges the company expected to sustain after completing its new generator project in June. The loses were partially offset by higher electricity sales revenue, the firm stated in […]

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CUC begins to shape future energy plan

CUC begins to shape future energy plan

| 01/09/2016 | 3 Comments

(CNS Business): The monopoly power provider on Grand Cayman has brought in consultants to begin drawing up potential future plans for CUC to consider to maintain a safe, reliable and viable electricity supply for the next three decades. Integrated Resource Plan (IRP) will set out a proposal for renewable energy and consider what the technological […]

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