Press Releases
You may also visit the SEDAR website for a more comprehensive listing of CUC press releases and continuous disclosure information, including the Annual Information Form, Information Circular and Management's Discussion & Analysis.

Corporate Governance
The Board of Directors (the “Board”) of Caribbean Utilities Company, Ltd. (the “Company”) is responsible for the stewardship of the Company. The Board will provide independent, effective leadership to supervise the management of the business and affairs of the Company to grow value in a profitable and sustainable manner.

SEDAR Filings
SEDAR is the System for Electronic Document Analysis and Retrieval, the electronic filing system for the disclosure documents of public companies and investment funds across Canada.

 


Financial Information
The results of the Third Quarter (September 30, 2009) are a reflection of the slowed economy now being experienced on Grand Cayman. Electricity sales for the Third Quarter totalled 153.3 million kiloWatt hours (kWh) in comparison to 145.8 million kWh for the three months ended October 31, 2008; an increase of 5%. For the nine months ended September 30, 2009, electricity sales declined by 2% to 415.6 million kWh, compared to 423.6 million kWh for the nine months ended October 31, 2008. While the slowed economy presents challenges, the Company remains confident that it will be able to meet those challenges and preserve shareholder value. In addition, while CUC continues to examine ways to reduce expenditures, it remains focussed on reliability, which is the characteristic that has made the Company a central contributor to strong economic growth on Grand Cayman. Reliability, measured by the Average System Availability Index, was 99.5%, which exceeds Company targets.


Shareholder and Corporate Information
2,512 Class A Ordinary registered shareholders holding approximately 12.5% of the outstanding shares are resident in the Cayman Islands, while the balance are resident overseas. Holders of Class B Preference Shares are primarily resident in the Cayman Islands. Fortis Energy (Bermuda) Ltd., a wholly-owned subsidiary of Fortis Inc., holds 13,565,511 Class A Ordinary Shares, or 53.6% of the outstanding shares as of April 30, 2007.

Archives

 

 

 
 

 

 

Terms of Use

CUC is a Proud Member of CARILEC Visit CUC'S Strategic equity and utility Partner 5-Day Forecast for the Cayman Islands Area Information, Island Maps, Travel etc