Caribbean Utilities Company, Ltd., known locally as "CUC", commenced operations as the only public

electric utility An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a majo ...

Grand Cayman Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121 km) southwest of Little Cayman and 90 miles ( ...

, the largest of the three Cayman Islands, in May 1966. The company has more than 190 employees, most of whom are

Caymanian Caymanians are the status holders or born citizens of the Cayman Islands. As a British Overseas Territory, citizens of the Cayman Islands will hold British Overseas Territories Citizenship. There is no record of a native people to the Cayman ...

, producing electricity from diesel fueled generators. In the past, the company has recorded substantial damage to its assets from

hurricane A tropical cyclone is a rapidly rotating storm system characterized by a low-pressure center, a closed low-level atmospheric circulation, strong winds, and a spiral arrangement of thunderstorms that produce heavy rain and squalls. Depe ...

s. CUC is primarily owned by

Fortis Inc. Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned . Fortis was formed in 19 ...

, a holding company based in

St. John's, Newfoundland and Labrador St. John's is the capital and largest city of the Canadian province of Newfoundland and Labrador, located on the eastern tip of the Avalon Peninsula on the island of Newfoundland. The city spans and is the easternmost city in North Ameri ...

, Canada. CUC's shares are traded on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

References

External links

{{Portal, Energy
Caribbean Utilities
Official web site
Google Finance: Caribbean Utilities Company
Companies listed on the Toronto Stock Exchange Electric power companies of the Cayman Islands Fortis Inc.