Caribbean Utilities
Encyclopedia
Caribbean Utilities Company, Ltd. , known locally as "CUC", commenced operations as the only public electric utility
in Grand Cayman
, the largest of the three Cayman Islands
, in May 1966. The Company currently has an installed capacity of 114.63 megawatts (MW), and a new record peak load of 85.03 MW was experienced in September 2004.
The company has more than 200 employees, most of whom are Caymanian
, producing electricity from diesel fueled generators. In the past, the company has recorded substantial damage to its assets from hurricanes.
CUC is partly owned by Fortis Inc.
, a holding company based in St. John's, Newfoundland and Labrador
, Canada
. CUC's shares are traded on the Toronto Stock Exchange
.
Electric utility
An electric utility is a company that engages in the generation, transmission, and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major provider of energy in most countries. It is indispensable to factories, commercial establishments,...
in Grand Cayman
Grand Cayman
Grand Cayman is the largest of the three Cayman Islands and the location of the nation's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles southwest of Little Cayman and 90 miles southwest of Cayman Brac.-Geography:Grand Cayman encompasses 76% of...
, the largest of the three Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
, in May 1966. The Company currently has an installed capacity of 114.63 megawatts (MW), and a new record peak load of 85.03 MW was experienced in September 2004.
The company has more than 200 employees, most of whom are Caymanian
Caymanian
Caymanian may refer to:* Something of, from, or related to the Cayman Islands, a British overseas territory located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac, and Little Cayman....
, producing electricity from diesel fueled generators. In the past, the company has recorded substantial damage to its assets from hurricanes.
CUC is partly owned by Fortis Inc.
Fortis Inc.
Fortis Inc. is a St. John's, Newfoundland and Labrador based international diversified electric utility holding company. It primarily operates in Canada and the Caribbean. In 2005, it earned a profit of $137.1 million Canadian from revenue of $1.44 billion....
, a holding company based in St. John's, Newfoundland and Labrador
St. John's, Newfoundland and Labrador
St. John's is the capital and largest city in Newfoundland and Labrador, and is the oldest English-founded city in North America. It is located on the eastern tip of the Avalon Peninsula on the island of Newfoundland. With a population of 192,326 as of July 1, 2010, the St...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. CUC's shares are traded on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
.