Tag: Utility Regulation and Competition Office

OfReg under fire after $2M cash injection

OfReg under fire after $2M cash injection

| 27/11/2018 | 51 Comments

(CNS): The premier has admitted that the office created to regulate utilities has encountered a number of teething problems and has needed much more money than anticipated since its creation some two years ago. Outlining the need for more than $2 million in additional appropriations for the Utility Regulation and Competition Office (OfReg), the premier […]

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Solar farm cuts emissions but investors lost cash

Solar farm cuts emissions but investors lost cash

| 22/10/2018 | 46 Comments

(CNS): The solar array in Bodden Town, which began generating electricity from solar panels last summer, is functioning as expected and fit for purpose, with the necessary controls and systems in place, but the investors failed to make a profit on building the plant. Some 800 homes have been fuelled by the solar energy from the […]

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Sol fined $200k over fuel tank blaze

Sol fined $200k over fuel tank blaze

| 19/09/2018 | 45 Comments

(CNS): Sol Petroleum Limited has been fined just CI$200,000 plus costs of CI$86,700 by the utilities regulator in connection with the dangerous fuel tank blaze at the Jackson Point Terminal last summer. Sol has accepted responsibility and paid the administrative fine, which the Utility Regulation and Competition Office (OfReg) said reflected the potentially serious nature of the blaze and […]

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Miller calls for OfReg chair’s removal

Miller calls for OfReg chair’s removal

| 13/09/2018 | 72 Comments

(CNS) UPDATED: Opposition Leader Ezzard Miller joined other public calls on Tuesday for the removal of the Linford Pierson as chairman of the OfReg board following revelations that he had threatened to punch the deputy chair during a recent special board meeting. Miller said that if the details revealed in the leaked minutes are an […]

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OfReg chairs in near punch-up over CEO job

OfReg chairs in near punch-up over CEO job

| 11/09/2018 | 118 Comments

(CNS): The situation on the board of the Cayman Islands’ utilities regulator appears to be spinning out of control as leaked minutes of special board meetings last month show that Board Chair Linford Pierson threatened to ‘box’ Deputy Chair Ronnie Dunn in the head. This happened after Dunn accused Pierson of corruption over his attempts […]

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OfReg opens consultation on water sector regs

OfReg opens consultation on water sector regs

| 06/09/2018 | 28 Comments

(CNS): The utilities regulator is asking the public to participate in a public consultation this month on the regulations being drafted to support the Water Sector Regulation Law. The Utility Regulation and Competition Office (OfReg) says the aim is to regulate operators and service providers to protect the health, safety and economic well-being of consumers, […]

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Utility regulator appoints more bosses

Utility regulator appoints more bosses

| 04/09/2018 | 36 Comments

(CNS): J. Paul Morgan, the first CEO of the Utility Regulation and Competition Office (OfReg), has left office after just over 18 months on the job and the board of directors has now appointed two people to act in the post while a recruitment process to fill the CEO post is undertaken. Officials said that Morgan left […]

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Ed ministry chief moves to OfReg

Ed ministry chief moves to OfReg

| 24/08/2018 | 86 Comments

(CNS): The government has added a new senior position to the Utility Regulation and Competition Office (OfReg) and is transferring the chief officer of the education ministry, Christen Suckoo, to the new post. OfReg already has a number of top officials covering the various parts within its ambit, such as ICT, fuel, electricity and water, […]

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OfReg aims to be self-sufficient

OfReg aims to be self-sufficient

| 24/07/2018 | 77 Comments

(CNS): The new Cayman Islands utilities regulator has received a cash injection from government coffers to help with the goal of the relatively new watchdog to train staff and eventually become a self-funding body committed to ensuring the safe and fair provision of power, water, communication and fuel. Utility Regulation and Competition Office (OfReg) has […]

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OfReg takes first step in fuel price monitoring

OfReg takes first step in fuel price monitoring

| 25/06/2018 | 20 Comments

(CNS): As the price of fuel inches towards $5 per gallon at the pump, the Utility Regulation and Competition Office (OfReg) has revealed plans to begin examining whether or not Cayman’s gas prices are fair and competitive. More than a year after legislation was passed in the Legislative Assembly to regulate the industry and protect […]

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Two-step SMS verification not secure, OfReg warns

Two-step SMS verification not secure, OfReg warns

| 12/06/2018 | 11 Comments

(CNS): Getting a security code sent to a cell phone via a text message is one of the least secure means of verifying and protecting people’s online accounts, the Utility Regulation and Competition Office (OfReg) has warned. The regulator is urging banks and large corporations to consider the dangers of using this common two-step SMS […]

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