Tag: CUC

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 Septe [...]

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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 [...]

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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 Ma [...]

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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, Jo [...]

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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, w [...]

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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 [...]

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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 de [...]

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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 [...]

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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 [...]

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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 o [...]

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CUC to close George Town HQ payment centre

CUC to close George Town HQ payment centre

| 19/01/2017 | 0 Comments

(CNS Business): Customers of CUC will no longer be able to pay their bills at the CUC head office in North Sound Road or its office at the Caribbean Plaza. In a circular sent out this week, the firm said it was changing the way it does business to focus on “delivering enhanced services in the a [...]

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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 elect [...]

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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 [...]

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CUC earnings boosted by hot weather

CUC earnings boosted by hot weather

| 02/08/2016 | 3 Comments

(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 tu [...]

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Warm weather and new customers boost CUC profit

Warm weather and new customers boost CUC profit

| 04/05/2016 | 7 Comments

(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 Cayma [...]

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