Tag: CUC

Charity helps 65 homes pay CUC bill

Charity helps 65 homes pay CUC bill

| 29/12/2020 | 23 Comments

(CNS): With the help of a local charity, 65 homes recently received $250 each towards their Caribbean Utilities Company (CUC) bills as part of a utility relief programme. Resilience Cayman, supported by a CI$50,000 grant from the Dart-created R3 Cayman Foundation, gave the money to workers who have lost their jobs due to the COVID-19 […]

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DoE queries LNG as viable future option

DoE queries LNG as viable future option

| 01/12/2020 | 27 Comments

(CNS): In its initial response to a proposal to build a liquid natural gas depot in Bodden Town, the Department of Environment not only raised concerns about the negative impact it would have on the immediate environment but also the wisdom of choosing LNG. The DoE said the proposal must be considered against the National […]

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Charity to pay COVID hit workers’ CUC bills

Charity to pay COVID hit workers’ CUC bills

| 16/11/2020 | 16 Comments

(CNS): A charity created by the Cayman Islands Chamber of Commerce has plans to pay the CUC bills of some people who have either lost their jobs as a result of the COVID-19 pandemic or who have had their hours drastically reduced. The money that Resilience Cayman is using to prevent families from losing their […]

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CUC weathers COVID storm

CUC weathers COVID storm

| 02/11/2020 | 13 Comments

(CNS): Grand Cayman’s power provider has seen only a small decline in its profits as a result of the COVID-19 pandemic. The company’s third quarter results show that despite a decline in the number of people now living in the Cayman Islands, the company’s customer base grew by 641 compared to September 2019 and CUC […]

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OfReg proposes new CORE rate for green power

OfReg proposes new CORE rate for green power

| 15/10/2020 | 14 Comments

(CNS): OfReg has proposed that CUC customers who are part of the power company’s green energy programme will receive just over 13 cents per kWh for the newly transferred allocation of 1-megawatt of capacity. This tranche of potential power provision is being moved from the Distributed Energy Resources (DER) programme to the Customer-Owned Renewable Energy […]

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CUC opens new control centre

CUC opens new control centre

| 28/08/2020 | 19 Comments

(CNS): CUC has opened a new control centre to supervise the generation, transmission and distribution systems, which will improve customer service and reliability, officials said. The centre opened this month and includes an improved working environment for operators, better situational awareness of the power system, communication with field crews, storm and outage management facilities, efficiency […]

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CUC aims to raise US$48M in share sell-off

CUC aims to raise US$48M in share sell-off

| 26/08/2020 | 30 Comments

(CNS): Caribbean Utilities Company is giving its shareholders a chance to buy more shares in the power company to raise US$47.8 million to refinance existing debt and for general corporate purposes, a release from CUC said. Existing shareholders can subscribe on 1 September and if the full rights offering is not taken up, CUC has […]

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Fuel suppliers dominate consultation

Fuel suppliers dominate consultation

| 26/08/2020 | 47 Comments

(CNS): Only two private individuals contributed to OfReg’s consultation exercise on consumer protection rules for the fuel sector, according to details released by the regulators. Despite broad concern about fuel prices and standards here, the public discussion was dominated by the suppliers, SOL and Rubis, both of which suggested that new regulations would push up […]

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Power outage affects 16,054 customers

Power outage affects 16,054 customers

| 19/08/2020 | 14 Comments

(CNS): More than 16,000, around half of CUC’s customers across Grand Cayman, were without electricity during the middle of the day Wednesday for a brief period. The power outage began at 1:37pm but was restored to customers by 2:15pm, the company said in a release. The outage was caused when when one of the company’s […]

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CUC’s summer price hike postponed

CUC’s summer price hike postponed

| 18/08/2020 | 17 Comments

(CNS): Grand Cayman’s monopoly power provider will not be raising the price of electricity as usual this summer, as OfReg has deferred the annual price hike until January. As part of its licence, CUC is allowed to apply for an annual base-rate increase in line with costs and inflation, but given the COVID-19 pandemic and […]

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CUC earnings take $4M hit from COVID-19

CUC earnings take $4M hit from COVID-19

| 03/08/2020 | 47 Comments

(CNS): Caribbean Utility Company’s earnings fell by $4.2 million during the first six months of this year when compared to 2019, as a result of the COVID-19 pandemic. Although there was significant increase in power consumed by residential customers, the closure of large commercial customers led to a major fall in sales.

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