Tag: CUC
CUC kicks off 2024 with 18% earnings increase
(CNS): Grand Cayman’s power provider got off to a very profitable year with a $1 million rise in net earnings to over $6.2 million for the first quarter of 2024, an 18% increase compared to the first three months of 2023. A 6% increase in sales, a 2% growth in customers and an increase in […]
CUC and CREA welcome revised energy policy
(CNS): The Cayman Renewable Energy Association (CREA) and CUC have welcomed the recent publication and Cabinet’s acceptance of the new National Energy Policy and its target of getting Cayman to a 100% renewable energy supply by 2045. After years of disputes, both parties have offered their support to the policy, which requires each of them […]
UPM green-lights new 2045 target in energy policy
(CNS): Cabinet has finally approved an updated National Energy Policy more than seven months after the draft was published. In a press release about the decision to accept the revised and more ambitious plan, drafted under Wayne Panton as the sustainability minister, the Cayman Islands Government acknowledged that the process needs to move more quickly, […]
CUC will battle in court to keep solar secrets
(CNS): Officials at the Caribbean Utilities Company have told CNS that their decision to challenge the release of two reports that CUC prepared for OfReg relating to the bidding process for future power generation is to protect “commercially sensitive information” that could help competitors in any future bids. The company also said it was in […]
Utility solar needed to avert power crisis, says CUC boss
(CNS): Richard Hew, the president and CEO of CUC, Grand Cayman’s electricity provider, has warned that the island is facing a power generation crisis because the company has surpassed its ability to meet peak demand with its existing fixed diesel generators and is currently resorting to temporary, leased machines to meet it. With the rapid […]
CUC sues gas station boss over cash collected on bills
(CNS): CUC is claiming that the operator of the Eastern Avenue Rubis gas station failed to pay over $130,000 in bill payments collected from CUC customers when the station acted as an agent for the power company. In the first instance, CUC is seeking over $60,000 plus interest from Roger Tatum and his company, Serve-Pro […]
CUC denies conflict, blames licensing obligation
(CNS): Caribbean Utilities Company (CUC) has claimed it is not conflicted over the bidding process for the generation of renewable power, even though it worked with OfReg to shape the bid. Officials have said that under CUC’s Transmission and Distribution (T&D) Licence, it is obligated to assist the regulator with the facilitation of competitive bids […]
Saltwater fizzes up CUC lines, causing outages
(CNS): Last week’s Nor’wester caused severe salt contamination to power lines around Grand Cayman, particularly in western and coastal areas, CUC has said. This salt contamination can cause electricity to track across the devices, resulting in buzzing and crackling sounds along with visible arc flashes. A spokesperson from CUC explained to CNS that this is […]
OfReg ordered to release CUC fuel and solar reports
(CNS): The Office of the Ombudsman (OMB) has ordered OfReg to release two reports, in full, that were created by CUC and given to the utility regulator. A freedom of information request in April last year had encompassed the 2014 CUC Cost of Service Study and the Incremental Distributed Solar Study (2023), but both had […]
Over 6,000 CUC customers hit by power outage
(CNS): CUC said that an outage at one of the substations on Thursday evening impacted more than 6,000 customers in West Bay, who were all left without power for around an hour. The outage appeared to cause a number of small explosions around the district and brought down several electricity lines. CUC said that crews […]
CUC goes to New Zealand to find new energy VP
(CNS): CUC has announced a new senior appointment to help the monopoly power provider on Grand Cayman transition to a lower carbon future. According to a press release the firm, well-known for employing Caymanians in senior positions as well as among the rank and file this time CUC went ‘to New ‘down-under’ and found Dr […]
