Utilities
CUC earnings boosted by hot weather
(CNS Business): Sales were up by 7% for CUC during the second quarter of 2016, the firm has reported. While this was partly due to a slight increase in customer numbers, the main factor was the warmer weather, as the average temperature for the period was up by almost a full degree and people turned […]
Flow boss aims to settle regulator issues
(CNS Business): Following recent reports of disputes between Flow and both the Information and Communications Technology Authority (ICTA) and Department of Immigration, the firm’s president, Michele English, was in the Cayman Islands this week meeting with government officials to resolve the issues relating to human resources, technical concerns and the acquisition of the parent company, […]
New propane company includes minister among investors
(CNS Business): A new firm promoting the concept of propane gas as a clean source of energy includes the environment minister among its investors. Clean Gas, a new propane distribution company to be headquartered in the Industrial Park and due to be open before the end of this year, said it would provide another source […]
Warm weather and new customers boost CUC profit
(CNS Business): Both the weather and an increase in customers helped to drive profits up for Caribbean Utilities Company (CUC) in the first quarter of this year, despite increased depreciation, maintenance and amortization costs, according to results released by the power provider on Grand Cayman. The firm also claimed that it had a 99.9% reliability […]
CORE programme grows another 2MW
(CNS Business): The Electricity Regulatory Authority (ERA) has sanction an expansion of Caribbean Utilities Company’s Consumer-Owned Renewable Energy (CORE) Generation Programme, which will see more residential and commercial customers who are using alternative power, such as solar and wind, to feed back another two megawatts of power to the grid. The Feed-in Tariffs (FITs) programme, […]
Price hike fuels CUC profits in 2015
(CNS Business): Grand Cayman’s power provider, CUC, cleared a $2 million profit last year as a result of a 3% growth in sales and a hike in the base rate last June, according to its latest financial report. In the last quarter of the year the electricity company saw a an 8% growth in sales, […]
ICTA to become utilities regulator
(CNS Business): The Information and Communications Technology Authority is in the process of transitioning into a new Public Utilities Commission (PUC), which will see the electricity, telecommunications, water and fuel regulators come under one umbrella. Among its goals is to provide a way for consumers to complain about their utility service providers, the authority said. […]
CUC brings in 350 ton generators for new plant
(CNS): As work gets underway at the North Sound Road site where an additional power plant is being constructed CUC brought in the new generating equipment this week. The first 350 ton diesel generating units was offloaded at the George Town Dock on Saturday night but it took over four hours to move the machine […]
CUC’s profits heating up with increased sales
(CNS Business): Large commercial sales, warm weather and a growth in customers have accounted for increased sales and profits for Grand Cayman’s power provider. Earnings for CUC for the nine months ended 30 September increased by more than $1.3 million compared to last year, the company said in its third quarter report published this week. […]
LIME drops Ericsson to do its own service work
(CNS Business): Local telecommunications operator LIME has cancelled its field service contract with Ericsson and is bringing the maintenance and support work back in-house as part of what it said was its promise “to overhaul and improve its customer service experience”. Cable and Wireless Communications (CWC), the operator of LIME, which is being rebranded to […]
CUC and OTEC still hopeful about ocean energy
(CNS): The development of a commercial ocean thermal energy conversion system in the Cayman Islands remains a real possibility, according to both CUC and industry experts, Cayman OTEC. It is almost four years since CUC signed a non-binding ‘term sheet’ with the firm to begin a feasibility study in Grand Cayman, which is seen as […]
LIME promotes young Caymanian to HR manager
(CNS) Local telecommunications firm LIME has appointed Matthew Seales as its new human resources manager for the Cayman business. Seales has worked for LIME Cayman Islands for the last seven years, having started as a retail sales associate and worked his way up to retail sales manager, looking after several stores. Now, officials said, he will […]
CUC claims 99.95% reliability in latest results
(CNS Business): Grand Cayman’s monopoly provider claimed that it had a near perfect rate of keeping the island connected in the second quarter of this year. Despite a blackout across George Town in April that lasted more than four hours, Caribbean Utilities Company (CUC) said that customers on average experienced less than one outage lasting under an […]
Power outage costly for small businesses
(CNS Business): The island-wide power outage that left customers all over Grand Cayman without power on Friday proved costly for some small business owners, some of whom are now considering purchasing a back-up generator after losing a day’s worth of business. Carey Burns, owner of Karma Closet & Kids Karma Closet wanted to know, “Is CUC going […]
CUC in legal wrangle with telecom firms
(CNS Business): A legal battle has begun as Caribbean Utilities Company Ltd (CUC) seeks a restraining order against two local cable providers in the Cayman Islands. According to papers filed with the Grand Court, CUC officials claim both Logic and C3 used CUC’s utility poles to hang cable lines without permission. CUC filed two writs […]
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