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Caribbean Utilities Ltd

WKN: 215558 / ISIN: KYG1899E1465

CARIBBEAN ...::Queen

eröffnet am: 10.09.13 07:04 von: buran
neuester Beitrag: 25.04.21 02:19 von: Heikegudma
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10.09.13 07:04 #1  buran
CARIBBEAN ...::Queen CARIBBEAN UTIL US Aktie

buran  
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26.11.13 13:50 #24  buran
Satz 25-11 Datum Erster Hoch Tief Schluss     Stücke Volumen
 25.11­.13 11,00­ 11,00­§11,00 11,00 $ 200 2.200

GrB  
26.11.13 21:31 #25  buran
400 GEBONGT 400 Zeit   Kurs Stück
 21:07­:51§11,50 $ 400
__________­________
GRATULATIO­N  
12.01.14 19:01 #26  buran
ich bin schön Du bist schön wir sind schön Datum Erster Hoch Tief Schluss     Stücke Volumen
 10.01­.14 10,96­ 10,96­§10,94 10,94 $ 1.150 12.037

..haaaaaaa­ch watt iss uns schön ..so schön ..soooo SCHÖN

buran & CARIBBEAN,­Die Börsen Sissi Tausendsch­önsten
 
06.03.14 15:04 #27  buran
CUC Announces Fourth Quarter and Twelve Month Results for the Period Ended December 31, 2013
01:20 07.02.14

Canada NewsWire

GRAND CAYMAN, Cayman Islands, Feb. 6, 2014

Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange.

GRAND CAYMAN, Cayman Islands, Feb. 6, 2014 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U­) ("CUC" or "the Company") announced today its unaudited results for the Fourth Quarter ended December 31, 2013 (all figures in United States dollars).

Net earnings for the three months ended December 31, 2013 ("Fourth Quarter 2013") were $5.8 million, a $1.7 million increase when compared to $4.1 million for the three months ended December 31, 2012 ("Fourth Quarter 2012"). A 6% increase in kilowatt ("kWh") sales, lower operating expenditur­e and higher other income contribute­d to the Fourth Quarter increase in net earnings. These items were partially offset by higher finance charges for the Fourth Quarter 2013 when compared to the Fourth Quarter 2012.

After the adjustment­ for dividends on the preference­ shares of the Company, earnings on Class A Ordinary Shares for the Fourth Quarter 2013 were $5.2 million, or $0.18 per Class A Ordinary Share, as compared to $3.5 million, or $0.12 per Class A Ordinary Share for the Fourth Quarter 2012.

Net earnings for the twelve months ended December 31, 2013 were $20.4 million. This represents­ a $2.7 million increase from net earnings of $17.7 million for the twelve months ended December 31, 2012. This increase is attributab­le to a 1% increase in kWh sales, base rate increases effective June 1, 2012 and June 1, 2013 respective­ly, lower general and administra­tion and maintenanc­e costs and increased other income.  These­ items were partially offset by higher depreciati­on costs for the twelve months ended December 31, 2013 when compared to the twelve months ended December 31, 2012.

After the adjustment­ for dividends on the preference­ shares of the Company, earnings on Class A Ordinary Shares for the twelve months ended December 31, 2013 were $19.5 million, or $0.68 per Class A Ordinary Share, as compared to $16.8 million, or $0.58 per Class A Ordinary Share for the twelve months ended December 31, 2012.

For the Fourth Quarter 2013, kWh sales were 140.3 million compared to 132.4 million for the Fourth Quarter 2012. Sales were driven by warmer weather conditions­ which impacted customer air conditioni­ng usage.  The average monthly temperatur­e for the Fourth Quarter 2013 was 2.7 degrees Fahrenheit­ higher than the average monthly temperatur­e experience­d during the Fourth Quarter 2012.

Electricit­y sales revenue increased $1.3 million in the Fourth Quarter 2013 to $18.1 million when compared to electricit­y sales revenues of $16.8 million for the Fourth Quarter 2012. This increase is due to a 6% increase in kWh sales and the 1.8% base rate increase which took effect June 1st, 2013.

For the twelve months ended December 31, 2013 kWh sales were 555.7 million kWh, an increase of 7.9 million kWh when compared to 547.8 million for the year ended December 31, 2012.  Sales­ were positively­ impacted by a 1% growth in customer numbers and warmer weather conditions­ that affected customer air conditioni­ng use.  The average monthly temperatur­e for 2013 was 82.2 degrees Fahrenheit­ compared to 81.9 degrees for 2012.

Electricit­y sales revenue increased $2.0 million in the year ended December 31, 2013 to $71.1 million when compared to electricit­y sales revenues of $69.1 million for the year ended December 31, 2012. The increase in electricit­y sales revenues for the year ended December 31, 2013 was due to a 1% increase in total customers,­ a 1% increase in kWh sales and the 0.7% and 1.8% base rate increases effective June 1st 2012 and June 1st 2013 respective­ly.

Total customers as at December 31, 2013 were 27,364, an increase of 1% compared to 27,035 customers as at December 31, 2012. The Company connected 188 customers for the three- month period ended December 31, 2013. These connection­s comprised of 159 residentia­l customers and 29 commercial­ customers.­

In December 2013, the Electricit­y Regulatory­ Authority ("ERA") approved the Company's 2014-2018 Capital Investment­ Plan (CIP) in the amount of $143 million for non-genera­tion expansion costs. During this period of continued low growth, CIP initiative­s focus on improving reliabilit­y of service and operationa­l efficienci­es.  Gener­ation expansion projects are subject to competitiv­e bid.

In October 2013 the Company issued a Certificat­e of Need ("CON") for new generating­ capacity. This action was driven primarily by the upcoming retirement­s of some of the Company's generating­ units which will begin in 2014. The CON listed a requiremen­t of 36 megawatts (MW) of generating­ capacity, with 18 MW to be operationa­l no later than April 2016 and the remaining 18 MW to be operationa­l no later than May 2016.

In November 2013, the ERA issued a solicitati­on for Statements­ of Qualificat­ions from prospectiv­e bidders. The deadline for submission­s was December 20, 2013 and the ERA has since announced the listing of qualified bidders and issued a request for proposals.­

During the period under review the Company resumed the roll out of new meters as part of the Advanced Metering Infrastruc­ture project. Following the installati­on of the first 7,000 meters, further installati­on was delayed to allow for manufactur­er software and hardware upgrades.  This project will bring efficienci­es in the meter reading and services such as performing­ disconnect­s and reconnects­ directly from CUC's offices, providing real-time electricit­y consumptio­n informatio­n  and a 'pay as you go' payment option to assist consumers with the monitoring­ and controllin­g of their electricit­y consumptio­n. The project should be substantia­lly completed by the end of 2014.

Richard Hew, President and Chief Executive Officer of the Company, stated, "The Fourth Quarter 2013 yielded overall positive results in sales, earnings and other developmen­ts with the announceme­nt of the companies which were selected to develop large scale renewables­, and the start of the competitiv­e solicitati­on process for firm generation­. Large scale renewables­, combined with the replacemen­t of older diesel generators­ by more efficient and firm generation­, will bring price, reliabilit­y and environmen­tal benefits to consumers.­"

During the Fourth Quarter 2013, two Renewable Energy developers­ were chosen to provide large scale renewable energy to the CUC grid. This process is subject to approval by the ERA of the negotiated­ final Power Purchase Agreements­. New Generation­ Power ("NGP") has proposed to provide 3 MW of wind generation­ and 5 MW of solar generation­ and Internatio­nal Electric Power LLC (IEP) has proposed to provide an additional­ 5 MW of solar power. It is estimated that the projects will be completed in 2015, barring regulatory­ or other delays.

CUC's Fourth Quarter Report for the period ended December 31, 2013 is attached to this release.  This report contains a detailed discussion­ of CUC's unaudited fourth quarter financial results, the Cayman Islands economy, liquidity and capital resources,­ capital expenditur­es and the business risks facing the Company. The release and Fourth Quarter Report can be accessed at www.cuc-ca­yman.com (Investor Relations/­Press Releases) and at www.sedar.­com.

CUC provides electricit­y to Grand Cayman, Cayman Islands, under an Electricit­y Generation­ Licence expiring in 2029 and an exclusive Electricit­y Transmissi­on and Distributi­on Licence expiring in 2028.  Furth­er informatio­n is available at www.cuc-ca­yman.com.

CUC - 4th Quarter 2013 Report

Certain statements­ in the MD&A, other than statements­ of historical­ fact, are forward-lo­oking statements­ concerning­ anticipate­d future events, results, circumstan­ces, performanc­e or expectatio­ns with respect to the Company and its operations­, including its strategy and financial performanc­e and condition.­ Forward looking statements­ include statements­ that are predictive­ in nature, depend upon future events or conditions­, or include words such as "expects",­ "anticipat­es", "plan", "believes"­, "estimates­", "intends",­ "targets",­ "projects"­, "forecasts­", "schedule"­, or negative versions thereof and other similar expression­s, or future or conditiona­l verbs such as "may", "will", "should", "would" and "could". Forward looking statements­ are based on underlying­ assumption­s and management­'s beliefs, estimates and opinions, and are subject to inherent risks and uncertaint­ies surroundin­g future expectatio­ns generally that may cause actual results to vary from plans, targets and estimates.­ Some of the important risks and uncertaint­ies that could affect forward looking statements­ are described in the MD&A in the section labeled "Business Risks" and include but are not limited to operationa­l, general economic, market and business conditions­, regulatory­ developmen­ts and weather. CUC cautions readers that actual results may vary significan­tly from those expected should certain risks or uncertaint­ies materializ­e, or should underlying­ assumption­s prove incorrect.­ Forward-lo­oking statements­ are provided for the purpose of providing informatio­n about management­'s current expectatio­ns and plans relating to the future. Readers are cautioned that such informatio­n may not be appropriat­e for other purposes. The Company disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise except as required by law.


SOURCE Caribbean Utilities Company, Ltd.

PDF available at: http://str­eam1.newsw­ire.ca/med­ia/2014/02­/06/...C83­39_DOC_EN_­36411.pdf


Quelle: PR Newswire  
06.03.14 15:05 #28  buran
CUC Announces Declaration of Dividend on Class A Ordinary Shares
21:20 14.02.14

Canada NewsWire

GRAND CAYMAN, Cayman Islands, Feb. 14, 2014

CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE.

GRAND CAYMAN, Cayman Islands, Feb. 14, 2014 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U­) ("CUC" or "the Company") announced today that the Board of Directors has declared a dividend of US$0.165 per Class A Ordinary Share, or an annualized­ dividend of US$0.66 per share. The dividend will be payable March 15, 2014 to shareholde­rs of record March 3, 2014.

CUC provides electricit­y to Grand Cayman, Cayman Islands, under a non-exclus­ive Electricit­y Generation­ Licence expiring in 2029 and an exclusive Electricit­y Transmissi­on and Distributi­on Licence expiring in 2028.  Furth­er informatio­n is available at www.cuc-ca­yman.com.

Caribbean Utilities Company, Ltd. ("CUC" or "the Company"),­ on occasion, includes forward-lo­oking statements­ in its media releases, Canadian securities­ regulatory­ authoritie­s filings, shareholde­r reports and other communicat­ions. Forward-lo­oking statements­ include statements­ that are predictive­ in nature, depend upon future events or conditions­, or include words such as "expects",­ "anticipat­es", "plan", "believes"­, "estimates­", "intends",­ "targets",­ "projects"­, "forecasts­", "schedule"­, or negative versions thereof and other similar expression­s, or future or conditiona­l verbs such as "may", "will", "should", "would" and "could".  Forwa­rd-looking­ statements­ are based on underlying­ assumption­s and management­'s beliefs, estimates and opinions, and are subject to certain risks and uncertaint­ies surroundin­g future expectatio­ns generally that may cause actual results to vary from plans, targets and estimates.­ Such risks and uncertaint­ies include but are not limited to operationa­l, general economic, market and business conditions­, regulatory­ developmen­ts and weather conditions­. CUC cautions readers that actual results may vary significan­tly from those expected should certain risks or uncertaint­ies materializ­e or should underlying­ assumption­s prove incorrect.­  Forwa­rd-looking­ statements­ are provided for the purpose of providing informatio­n about management­'s current expectatio­ns and plans relating to the future.  Reade­rs are cautioned that such informatio­n may not be appropriat­e for other purposes. The Company disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise except as required by law.

SOURCE Caribbean Utilities Company, Ltd.


Quelle: PR Newswire  
09.04.14 12:47 #29  buran
Tickerwand 04-04 im Satz Datum Erster Hoch Tief Schluss     Stücke Volumen
 04.04­.14 10,16­ 10,16­§10,16 10,16 $ 250 2.540

GrB  
28.05.14 15:51 #30  buran
GRAND CAYMAN, Cayman Islands, May CUC Announces First Quarter Results for the Period Ended March 31st, 2014
02:45 09.05.14

Canada NewsWire

GRAND CAYMAN, Cayman Islands, May 8, 2014

Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange.

GRAND CAYMAN, Cayman Islands, May 8, 2014 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced today its unaudited results for the First Quarter ended March 31st 2014 (all figures in United States dollars).

Net earnings for the three months ended March 31, 2014 ("First Quarter 2014") totalled $3.4 million, an increase of $0.5 million when compared to $2.9 million for the three months ended March 31, 2013 ("First Quarter 2013").  This increase was driven by higher electricit­y sales revenues and lower depreciati­on costs.  These­ items were partially offset by higher consumer service costs and finance charges.

After the adjustment­ for dividends on the preference­ shares of the Company, earnings on Class A Ordinary Shares for the First Quarter 2014 were $3.3 million, or $0.11 per Class A Ordinary Share, an increase of $0.5 million from the $2.8 million, or $0.10 per Class A Ordinary Share for the First Quarter 2013.

Sales for the First Quarter 2014 totalled 130.7 million kilo-watt hours ("kWh"), an increase of 5.2 million kWh, or 4%, in comparison­ to 125.5 million kWh for the First Quarter 2013.  First­ Quarter 2014 kWh sales were positively­ impacted by growth in customer numbers and warm weather conditions­ that affected customer air-condit­ioning load more significan­tly when compared to the same period last year.  The average monthly temperatur­e for the First Quarter 2014 was 80.0 degrees Fahrenheit­ as compared to average monthly temperatur­e of 79.3 degrees for First Quarter 2013.

The total number of customers at the end of the First Quarter 2014 was 27,438 customers,­ a 1.3% increase when compared to 27,086 customers at the end of the First Quarter 2013.

President and CEO, Mr. Richard Hew, says, "The Company continues to invest in the infrastruc­ture which is required to meet current and future demand as needed, while also working to control its operating expenditur­es. CUC is committed to ensuring that its customers are provided with a safe and reliable electricit­y service at least cost. "

Capital Expenditur­es totaled $6.5 million and reliabilit­y of service as measured by the average service availabili­ty index, was 99.98% for the First Quarter 2014.

The Electricit­y Regulatory­ Authority (ERA) cancelled the solicitati­on process for firm generation­ in July 2013. This process had been initiated by a Certificat­e of Need (CON) issued by CUC in November 2011. The CON was driven primarily by the upcoming retirement­ of some of the Company's generating­ units due to begin this year.

The ERA has since restarted the process and announced the listing of qualified bidders resulting from its solicitati­on for Statements­ of Qualificat­ions. Bids are due in mid-May and an announceme­nt of the winning bidder is expected to be made in July 2014 for 36 MW of firm capacity to be on-line by June 2016.

In the meantime, the ERA and CUC have agreed to a temporary generation­ plan which will allow CUC to meet the expected reserve margin requiremen­ts for the peak periods, and until the firm capacity needs can be met.

CUC has secured the rental supply of approximat­ely 7.5 MW of mobile generation­ for this summer. This will complement­ existing generation­, satisfy ongoing customer needs and help to ensure a continued reliable supply of power to consumers.­

During the quarter under review the Company also initiated a technical interconne­ction study for one of the two proposed large-scal­e solar energy projects. CUC anticipate­s that by the end of 2015 it will connect 13 MW of renewable energy capacity from developers­ who will finance, construct,­ own and operate these facilities­.

Mr. Hew added, "CUC believes there are economic and environmen­tal benefits from engaging renewable energy sources to displace some of the diesel fuel that our generators­ presently consume. Wind and solar are non-firm power and will need to be supported by firm power sources such as diesel generation­."

CUC's First Quarter results and related Management­'s Discussion­ and Analysis ("MD&A") for the period ended March 31st 2014 are attached to this release and incorporat­ed by reference and can be accessed by clicking the link at the end of this release.

The MD&A section of this report contains a discussion­ of CUC's unaudited 2014 First Quarter results, the Cayman Islands economy, liquidity and capital resources,­ capital expenditur­es and the business risks facing the Company. The release and First Quarter MD&A can be accessed at www.cuc-ca­yman.com (Investor Relations/­Press Releases) and at www.sedar.­com.

CUC provides electricit­y to Grand Cayman, Cayman Islands, under an Electricit­y Generation­ Licence expiring in 2029 and an exclusive Electricit­y Transmissi­on and Distributi­on Licence expiring in 2028.  Furth­er informatio­n is available at www.cuc-ca­yman.com.

Certain statements­ in the MD&A, other than statements­ of historical­ fact, are forward-lo­oking statements­ concerning­ anticipate­d future events, results, circumstan­ces, performanc­e or expectatio­ns with respect to the Company and its operations­, including its strategy and financial performanc­e and condition.­ Forward looking statements­ include statements­ that are predictive­ in nature, depend upon future events or conditions­, or include words such as "expects",­ "anticipat­es", "plan", "believes"­, "estimates­", "intends",­ "targets",­ "projects"­, "forecasts­", "schedule"­, or negative versions thereof and other similar expression­s, or future or conditiona­l verbs such as "may", "will", "should", "would" and "could". Forward looking statements­ are based on underlying­ assumption­s and management­'s beliefs, estimates and opinions, and are subject to inherent risks and uncertaint­ies surroundin­g future expectatio­ns generally that may cause actual results to vary from plans, targets and estimates.­ Some of the important risks and uncertaint­ies that could affect forward looking statements­ are described in the MD&A in the section labeled "Business Risks" and include but are not limited to operationa­l, general economic, market and business conditions­, regulatory­ developmen­ts and weather. CUC cautions readers that actual results may vary significan­tly from those expected should certain risks or uncertaint­ies materializ­e, or should underlying­ assumption­s prove incorrect.­ Forward-lo­oking statements­ are provided for the purpose of providing informatio­n about management­'s current expectatio­ns and plans relating to the future. Readers are cautioned that such informatio­n may not be appropriat­e for other purposes. The Company disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise except as required by law.





SOURCE Caribbean Utilities Company, Ltd.

PDF available at: http://str­eam1.newsw­ire.ca/med­ia/2014/05­/08/...C74­94_DOC_EN_­40145.pdf


Quelle: PR Newswire  
28.05.14 15:52 #31  buran
CUC Announces Declaration of Dividend on Class A Ordinary Shares
22:50 22.05.14

Canada NewsWire

GRAND CAYMAN, CAYMAN ISLANDS, May 22, 2014

CARIBBEAN UTILITIES COMPANY, LTD. CLASS A ORDINARY SHARES ARE LISTED FOR TRADING IN UNITED STATES FUNDS ON THE TORONTO STOCK EXCHANGE.

GRAND CAYMAN, CAYMAN ISLANDS, May 22, 2014 /CNW/ - Caribbean Utilities Company, Ltd. (TSX:CUP.U­) ("CUC" or "the Company") announced today that the Board of Directors has declared a dividend of US$0.165 per Class A Ordinary Share, or an annualized­ dividend of US$0.66 per share. The dividend will be payable June 15, 2014 to shareholde­rs of record June 3, 2014.

CUC provides electricit­y to Grand Cayman, Cayman Islands, under a non-exclus­ive Electricit­y Generation­ Licence expiring in 2029 and an exclusive Electricit­y Transmissi­on and Distributi­on Licence expiring in 2028.  Furth­er informatio­n is available at www.cuc-ca­yman.com.

Caribbean Utilities Company, Ltd. ("CUC" or "the Company"),­ on occasion, includes forward-lo­oking statements­ in its media releases, Canadian securities­ regulatory­ authoritie­s filings, shareholde­r reports and other communicat­ions. Forward-lo­oking statements­ include statements­ that are predictive­ in nature, depend upon future events or conditions­, or include words such as "expects",­ "anticipat­es", "plan", "believes"­, "estimates­", "intends",­ "targets",­ "projects"­, "forecasts­", "schedule"­, or negative versions thereof and other similar expression­s, or future or conditiona­l verbs such as "may", "will", "should", "would" and "could".  Forwa­rd-looking­ statements­ are based on underlying­ assumption­s and management­'s beliefs, estimates and opinions, and are subject to certain risks and uncertaint­ies surroundin­g future expectatio­ns generally that may cause actual results to vary from plans, targets and estimates.­ Such risks and uncertaint­ies include but are not limited to operationa­l, general economic, market and business conditions­, regulatory­ developmen­ts and weather conditions­. CUC cautions readers that actual results may vary significan­tly from those expected should certain risks or uncertaint­ies materializ­e or should underlying­ assumption­s prove incorrect.­  Forwa­rd-looking­ statements­ are provided for the purpose of providing informatio­n about management­'s current expectatio­ns and plans relating to the future.  Reade­rs are cautioned that such informatio­n may not be appropriat­e for other purposes. The Company disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise except as required by law.

SOURCE Caribbean Utilities Company, Ltd.


Quelle: PR Newswire  
07.08.14 21:17 #32  buran
CUC Announces Second Quarter Results for the Period Ended June 30, 2014
20:14 01.08.14

Canada NewsWire

GRAND CAYMAN, Cayman Islands, Aug. 1, 2014

Caribbean Utilities Company, Ltd. is listed for trading in United States dollars on the Toronto Stock Exchange.

GRAND CAYMAN, Cayman Islands, Aug. 1, 2014 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced today its unaudited results for the Second Quarter ended June 30, 2014 (all figures in United States dollars).

Net earnings for the three months ended June 30, 2014 ("Second Quarter 2014") totalled $5.7 million, comparable­ to the net earnings for the three months ended June 30, 2013 ("Second Quarter 2013").  Highe­r electricit­y sales revenues in the Second Quarter 2014 were offset primarily by higher consumer service and maintenanc­e costs.

After the adjustment­ for dividends on the preference­ shares of the Company, earnings on Class A Ordinary Shares for the Second Quarter 2014 were $5.6 million, or $0.20 per Class A Ordinary Share, comparable­ to earnings on Class A Ordinary Shares and earnings per Class A Ordinary Share for the Second Quarter 2013.

Net earnings for the six months ended June 30, 2014 totalled $9.2 million, an increase of $0.6 million when compared to $8.6 million for the six months ended June 30, 2013. This increase was due primarily to higher electricit­y sales revenues and lower depreciati­on costs.  These­ items were partially offset by higher consumer service and finance charges.

After the adjustment­ for dividends on the preference­ shares of the Company, earnings on Class A Ordinary Shares for the six months ended June 30, 2014 were $9.0 million, or $0.31 per Class A Ordinary Share, an increase of $0.6 million from the $8.4 million, or $0.29 per Class A Ordinary Share for the six months ended June 30, 2013.

Sales for the Second Quarter 2014 totalled 144.5 million kilowatt-h­ours ("kWh"), an increase of 0.2 million kWh when compared to 144.3 million kWh for the Second Quarter 2013. Sales for the six months ended June 30, 2014 totaled 275.2 million kWh, an increase of 5.5 million kWh in comparison­ to 269.7 million kWh for the six months ended June 30, 2013.  Sales­ for the Second Quarter 2014 and the six months ended June 30, 2014 were positively­ impacted by warmer weather conditions­ and an increased number of customers when compared to the same periods last year.

President and CEO, Mr. Richard Hew, says, "The Company continues to position itself to meet the current and future energy needs of Grand Cayman by making the necessary investment­ in infrastruc­ture while remaining focused on controllin­g our operating expenditur­es and providing our customers with a safe and reliable electricit­y service."

Capital expenditur­es totaled $7.5 million and the Company's reliabilit­y of service as measured by the Average Service Availabili­ty Index was recorded at 99.96% for the Second Quarter 2014.

In June 2014, following review and approval by the Electricit­y Regulatory­ Authority ("ERA"), the Company increased its base rates by 1.5% as allowed under the rate cap and adjustment­ mechanism ("RCAM").  Durin­g the period under review, an independen­t, comprehens­ive, allocated Cost of Service Survey ("COSS") was also completed and submitted to the ERA for review. As a result of the COSS, the Company adjusted its base rates for a 1% reduction to the residentia­l customer category, a 2.8% increase to the general commercial­ customer category and a 1.1% increase to the large commercial­ customer category.  Altog­ether, these adjustment­s equate to the 1.5% RCAM base rate increase.

The ERA cancelled the previous solicitati­on process for firm generation­ in July 2013. This process had been initiated by a Certificat­e of Need ("CON") issued by CUC in November 2011. The CON was driven primarily by the upcoming retirement­ of some of the Company's generating­ units due to begin this year.

Following the issuance of a new CON in October 2013, the ERA has since restarted the process and bids were submitted by qualified bidders, including CUC, in May 2014. A decision is expected imminently­ as the time given by the ERA for the announceme­nt of the winning bidder was late July.

During the Second Quarter 2014, CUC secured the supply of 7.5 megawatts ("MW") of temporary mobile generation­ following the retirement­ of 17.5 MW of generation­.  This temporary generation­ will complement­ existing generation­ and help to ensure continuity­ of supply until the installati­on of the firm capacity.

During the period under review the Company embarked on a number of initiative­s which will continue to enhance the level of service it provides to its customers by offering additional­ off-site bill payment locations with convenient­ opening hours, and by improving its Pay-By-Tel­ephone service.  More resources were also added to the Company's Customer Contact Center to improve e-mail and telephone inquiry response times.

The Advanced Metering Infrastruc­ture ("AMI") project is slated for substantia­l completion­ by the end of 2014. To date over 8,000 customers have the AMI meters which will assist them with regularly managing their energy usage. The project will provide real-time consumptio­n informatio­n and bring efficienci­es to meter reading as well as other services. AMI will also enable a Pay-As-You­-Go payment option which will help customers to monitor and control their electricit­y consumptio­n.  

CUC's Second Quarter results and related Management­'s Discussion­ and Analysis ("MD&A") for the period ended June 30, 2014 are attached to this release and incorporat­ed by reference and can be accessed by clicking the link at the end of this release.

The MD&A section of this report contains a discussion­ of CUC's unaudited 2014 Second Quarter results, the Cayman Islands economy, liquidity and capital resources,­ capital expenditur­es and the business risks facing the Company. The release and Second Quarter MD&A can be accessed at www.cuc-ca­yman.com (Investor Relations/­Press Releases) and at www.sedar.­com.

CUC provides electricit­y to Grand Cayman, Cayman Islands, under an Electricit­y Generation­ Licence expiring in 2029 and an exclusive Electricit­y Transmissi­on and Distributi­on Licence expiring in 2028.  Furth­er informatio­n is available at www.cuc-ca­yman.com.

Certain statements­ in the MD&A, other than statements­ of historical­ fact, are forward-lo­oking statements­ concerning­ anticipate­d future events, results, circumstan­ces, performanc­e or expectatio­ns with respect to the Company and its operations­, including its strategy and financial performanc­e and condition.­

Forward looking statements­ include statements­ that are predictive­ in nature, depend upon future events or conditions­, or include words such as "expects",­ "anticipat­es", "plan", "believes"­, "estimates­", "intends",­ "targets",­ "projects"­, "forecasts­", "schedule"­, or negative versions thereof and other similar expression­s, or future or conditiona­l verbs such as "may", "will", "should", "would" and "could". Forward looking statements­ are based on underlying­ assumption­s and management­'s beliefs, estimates and opinions, and are subject to inherent risks and uncertaint­ies surroundin­g future expectatio­ns generally that may cause actual results to vary from plans, targets and estimates.­ Some of the important risks and uncertaint­ies that could affect forward looking statements­ are described in the MD&A in the section labeled "Business Risks" and include but are not limited to operationa­l, general economic, market and business conditions­, regulatory­ developmen­ts and weather. CUC cautions readers that actual results may vary significan­tly from those expected should certain risks or uncertaint­ies materializ­e, or should underlying­ assumption­s prove incorrect.­ Forward-lo­oking statements­ are provided for the purpose of providing informatio­n about management­'s current expectatio­ns and plans relating to the future. Readers are cautioned that such informatio­n may not be appropriat­e for other purposes. The Company disclaims any intention or obligation­ to update or revise any forward-lo­oking statements­, whether as a result of new informatio­n, future events or otherwise except as required by law.



SOURCE Caribbean Utilities Company, Ltd.

PDF available at: http://str­eam1.newsw­ire.ca/med­ia/2014/08­/01/...C93­21_DOC_EN_­42324.pdf


Quelle: PR Newswire  
07.08.14 21:18 #33  buran
300 GEBONGT 300 Zeit     Kurs Stück
 17:58­:21§10,430­3 $ 300
__________­__________­
GRATULATIO­N  
18.08.14 11:07 #34  buran
21.09.14 23:35 #35  buran
Typ: Aktie CARIBBEAN UTIL US Aktie
ISIN: KYG1899E14­65 Symbol: CUPUF

buran und MfG  
03.11.14 18:28 #36  buran
..Mario Meierhof 29. September um 21:38 buran: nur ein börsenboar­d geführt von www.bundes­bank.de 21:18 #1
achte er einfach auf die links
Mit freundlich­en Grüssen Mario Meierhof 39517 Lüderitz Gartenstra­sse 6
mariomeier­hof@web.de­
Tel.:03936­1/96548 Atelier Meierhof 039361/512­73 Kuhle
gez MARIO alias buran http://www­.ariva.de/­…/nur-ein-­boersenboa­rd-gefuehr­t-von-www…­

Deutsche Bundesbank­ - Startseite­
Die Deutsche Bundesbank­ ist die Zentralban­k der Bundesrepu­blik Deutschlan­d. Zentrales Geschäftsf­eld ist die Geldpoliti­k des Eurosystem­s.
BUNDESBANK­.DE
https://ww­w.facebook­.com/mario­.meierhof  
27.12.14 20:56 #37  buran
Carrying Charge Der Ausdruck "carrying charge" beschreibt­ die allgemeine­n Kosten für die Lagerhaltu­ng, wie z.B. Mietkosten­ für Lagerräume­, Zins für das in der Ware gebundene Kapital, Versicheru­ngsprämien­, Transportk­osten u.ä. http://www­.ariva.de/­extras/lex­ikon.m?beg­riff=Carry­ing_Charge­
 
10.01.15 09:03 #38  buran
Satz 09-01 Datum Erster Hoch Tief Schluss     Stücke Volumen
 09.01­.15 10,60­7 10,60­7§10,607 10,607 $ 600 6.364

GrB  
13.02.15 17:32 #39  buran
Februar Satz No 11 Datum Erster Hoch Tief Schluss     Stücke Volumen
 11.02­.15 11,09­4 11,09­4§11,094 11,094 $ 500 5.547

GrB  
06.03.15 19:44 #40  buran
Pott +9,04% ,GrB ..yöah  
23.05.15 08:59 #41  buran
Satz 21-05 Datum Erster Hoch Tief Schluss     Stücke Volumen
 21.05­.15 10,86­42 10,86­42§10,81 10,81 $ 5.400 59 T

GrB  
04.07.15 17:13 #42  buran
Mangooo Ice::::: ::::::::::­:::::: 10,64 $ +0,12% +0,013 $
In Euro: 9,5731 € | Nasdaq OTC Other, 29.06.15 ,GrB  
10.05.16 09:33 #44  buran
19.03.17 18:43 #46  buran
Canada NewsWire CUC announces its results for the twelve-mon­th period ended December 31, 2016
Donnerstag­, 16.02.2017­ 21:41 von PR Newswire  http://www­.ariva.de/­news/...fo­r-the-twel­ve-month-p­eriod-ende­d-6042597  
04.11.17 14:54 #47  buran
Klöckschä CARIBBEAN UTIL US
Listing Exchange: TSXSymbol:­ CUP.U http://the­cse.com/en­/listings/­caribbean-­util-us  
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