Latest news with #CUC
Cision Canada
6 days ago
- Business
- Cision Canada
Caribbean Utilities Company, Ltd. Announces Agreed Path Forward for Grand Cayman's Energy Future
GRAND CAYMAN, , Aug. 5, 2025 /CNW/ - Caribbean Utilities Company, Ltd. ("CUC") is committed to advancing the renewable energy transition, ensuring it is secure, affordable, and beneficial for households, businesses, and communities. On August 1, 2025, CUC and the Cayman Islands Utility Regulation and Competition Office ("URCO") agreed on an approach to address the urgent need for additional generating capacity requirements for Grand Cayman. As part of this agreement, CUC has voluntarily withdrawn its Certificate of Need ("CON") originally submitted on June 7, 2024. Concurrently, URCO has rescinded its Final Determination issued on April 24, 2025. CUC will submit a new CON to URCO by September 5, 2025. This updated submission will define the generation resource requirements necessary to support Grand Cayman's projected energy demand from 2027 onward. CUC and URCO have also agreed that Condition 31 of CUC's Transmission and Distribution ("T&D") Licence, does not preclude the provision of firm capacity generation from renewable sources. Both parties have acknowledged that hybrid solar photovoltaic systems integrated with battery storage may qualify as firm capacity, subject to Effective Load Carrying Capacity analysis. In addition, both parties are actively engaged in the modernization of the CUC Transmission and Distribution Licence to align with evolving regulatory, infrastructure, and operational needs. Both parties will apply all reasonable efforts to finalize this process, including establishing milestone dates and deliverables to be agreed upon as soon as practicable. In support of the broader diversification of Grand Cayman's energy portfolio, URCO issued a Dispatchable Photovoltaic Request for Proposals on July 3, 2025. All eligible bidders, including CUC, are invited to submit proposals by October 2, 2025. This initiative represents an important step in expanding distributed renewable generation capacity. "We are proud of our strong track record of continuous improvement in reliability with our average annual interruption duration now under 2 hours, and in line with North American benchmarks. We are dedicated to maintaining and improving energy reliability and resilience as we transition to Grand Cayman's clean energy future. The CUC team is fully committed to working closely with URCO to ensure that affordability, reliability, and safety remain at the heart of our clean energy transformation," said President and CEO, Mr. Richard Hew. ABOUT CARIBBEAN UTILITIES COMPANY, LTD. Caribbean Utilities Company, Ltd. ("CUC" or the "Company") is the sole provider of electricity to Grand Cayman. The principal activity of the Company is to generate, transmit and distribute electricity in its licence area of Grand Cayman, Cayman Islands, pursuant to a 20-year Transmission & Distribution ("T&D") Licence and a 25-year non-exclusive Generation Licence (the "Generation License" and together with the T&D Licence, the "Licences") granted by the Cayman Islands Government (the "Government", "CIG"). The T&D Licence, which expires in April 2028, contains provisions for an automatic 20-year renewal and the Company has reasonable expectation of renewal until April 2048. The Generation Licence expires in November 2039. Further information is available at 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.
Canada Standard
25-06-2025
- Business
- Canada Standard
Government of Canada recognizes national historic significance of the Co-operative Union of Canada
June 13, 2025 Hamilton, Ontario Parks Canada On June 6, Parks Canada commemorated the national historic significance of the Co-operative Union of Canada (CUC) by virtually unveiling a plaque to be installed in Hamilton, Ontario. The announcement was made on behalf of the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages. Additionally, Co-operatives and Mutuals Canada, the national association representing the co-operative and mutual sector, held a special in-person unveiling of the plaque during their annual congress in Regina, Saskatchewan, from June 10 to 11, 2025. This event highlights the enduring influence of the co-operative and mutualist movement-which brings together member-owned organizations that operate for the mutual benefit of their members-that the Co-operative Union of Canada helped to shape. The Co-operative Union of Canada was a trailblazer in uniting co-operatives across the country and amplifying their interests on the national stage. Founded in Ontario in 1909 by advocates of the co-operative movement, it was primarily a consumer pressure group before the First World War. In 1944 the CUC convinced the federal government to improve tax changes that would have been damaging to co-operatives. In 1970 it successfully lobbied the federal government to pass the first federal co-operative legislation, the Canada Cooperative Associations Act. By 1984, the CUC had become a national organization focused on promoting government relations with the co-operative community, coordinating shared interests among co-operatives, leading communication and promotion of co-operative activities, and advancing international co-operative development. This historic designation honours not only the organization's legacy, but the enduring power of co-operatives in building stronger communities in Canada and around the world. The Government of Canada, through Parks Canada and the Historic Sites and Monuments Board of Canada, recognizes significant people, places, and events that shaped this country as one way of helping Canadians connect with their past. By sharing these stories with Canadians, we hope to foster understanding of and reflection on the diverse histories, cultures, legacies, and realities of Canada's past and present. The designation process under Parks Canada's National Program of Historical Commemoration is largely driven by public nominations. To nominate a person, place or historic event in your community, please visit the Parks Canada website for more information:
Canada News.Net
24-06-2025
- Business
- Canada News.Net
Government of Canada recognizes national historic significance of the Co-operative Union of Canada - the first organization to unite and represent Canadian co-operatives.
June 13, 2025 Hamilton, Ontario Parks Canada On June 6, Parks Canada commemorated the national historic significance of the Co-operative Union of Canada (CUC) by virtually unveiling a plaque to be installed in Hamilton, Ontario. The announcement was made on behalf of the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages. Additionally, Co-operatives and Mutuals Canada, the national association representing the co-operative and mutual sector, held a special in-person unveiling of the plaque during their annual congress in Regina, Saskatchewan, from June 10 to 11, 2025. This event highlights the enduring influence of the co-operative and mutualist movement-which brings together member-owned organizations that operate for the mutual benefit of their members-that the Co-operative Union of Canada helped to shape. The Co-operative Union of Canada was a trailblazer in uniting co-operatives across the country and amplifying their interests on the national stage. Founded in Ontario in 1909 by advocates of the co-operative movement, it was primarily a consumer pressure group before the First World War. In 1944 the CUC convinced the federal government to improve tax changes that would have been damaging to co-operatives. In 1970 it successfully lobbied the federal government to pass the first federal co-operative legislation, the Canada Cooperative Associations Act. By 1984, the CUC had become a national organization focused on promoting government relations with the co-operative community, coordinating shared interests among co-operatives, leading communication and promotion of co-operative activities, and advancing international co-operative development. This historic designation honours not only the organization's legacy, but the enduring power of co-operatives in building stronger communities in Canada and around the world. The Government of Canada, through Parks Canada and the Historic Sites and Monuments Board of Canada, recognizes significant people, places, and events that shaped this country as one way of helping Canadians connect with their past. By sharing these stories with Canadians, we hope to foster understanding of and reflection on the diverse histories, cultures, legacies, and realities of Canada's past and present. The designation process under Parks Canada's National Program of Historical Commemoration is largely driven by public nominations. To nominate a person, place or historic event in your community, please visit the Parks Canada website for more information: .
Yahoo
13-06-2025
- Business
- Yahoo
Government of Canada recognizes national historic significance of the Co-operative Union of Canada - the first organization to unite and represent Canadian co-operatives
HAMILTON, ON, June 13, 2025 /CNW/ - On June 6, Parks Canada commemorated the national historic significance of the Co-operative Union of Canada (CUC) by virtually unveiling a plaque to be installed in Hamilton, Ontario. The announcement was made on behalf of the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages. Additionally, Co-operatives and Mutuals Canada, the national association representing the co-operative and mutual sector, held a special in-person unveiling of the plaque during their annual congress in Regina, Saskatchewan, from June 10 to 11, 2025. This event highlights the enduring influence of the co-operative and mutualist movement—which brings together member-owned organizations that operate for the mutual benefit of their members—that the Co-operative Union of Canada helped to shape. The Co-operative Union of Canada was a trailblazer in uniting co-operatives across the country and amplifying their interests on the national stage. Founded in Ontario in 1909 by advocates of the co-operative movement, it was primarily a consumer pressure group before the First World War. In 1944 the CUC convinced the federal government to improve tax changes that would have been damaging to co-operatives. In 1970 it successfully lobbied the federal government to pass the first federal co-operative legislation, the Canada Cooperative Associations Act. By 1984, the CUC had become a national organization focused on promoting government relations with the co-operative community, coordinating shared interests among co-operatives, leading communication and promotion of co-operative activities, and advancing international co-operative development. This historic designation honours not only the organization's legacy, but the enduring power of co-operatives in building stronger communities in Canada and around the world. The Government of Canada, through Parks Canada and the Historic Sites and Monuments Board of Canada, recognizes significant people, places, and events that shaped this country as one way of helping Canadians connect with their past. By sharing these stories with Canadians, we hope to foster understanding of and reflection on the diverse histories, cultures, legacies, and realities of Canada's past and present. The designation process under Parks Canada's National Program of Historical Commemoration is largely driven by public nominations. To nominate a person, place or historic event in your community, please visit the Parks Canada website for more information: Quotes "From its founding in 1909 to its advocacy for landmark legislation, the Co-operative Union of Canada helped shape a more equitable and collaborative Canada. Historic designations reflect Canada's rich and varied history, and I encourage all Canadians to learn more about the Co-operative Union of Canada and its important contributions to our shared heritage."The Honourable Steven Guilbeault,Minister responsible for Parks Canada, Minister of Canadian Identity and Culture and Minister responsible for Official Languages "Parks Canada's commemoration of the Co-operative Union of Canada reflects our nation's commitment to honouring the legacy of community-driven organizations that have shaped our history, reinforcing the enduring power of co-operatives in building stronger, more inclusive communities across Canada."The Honourable Aslam Rana,Member of Parliament for Hamilton Centre Quick Facts With the goal of giving back to the community in which it operates, a co-operative is an organization owned by its members that share similar economic, cultural and/or social needs. Founded in 1909 with support from five co-operatives in Ontario and Nova Scotia, the Co-operative Union of Canada was the first national organization to unite and represent Canadian co-operatives. Created in 1919, the Historic Sites and Monuments Board of Canada advises the Minister responsible for Parks Canada on the national significance of persons, places, and events that have marked Canada's history. To date, more than 2,270 designations have been made nationwide. Together with Parks Canada, the Board ensures that subjects of national historic significance are recognized under Parks Canada's National Program of Historical Commemoration and these important stories are shared with Canadians. Parks Canada is committed to working with Canadians in our efforts to tell broader, more inclusive stories in the places that it manages. In support of this goal, the Framework for History and Commemoration outlines a comprehensive and engaging approach to sharing Canada's history through diverse perspectives. Related Document Backgrounder: Co-operative Union of Canada Related Links Parks Canada Historic Sites and Monuments Board of Canada SOURCE Parks Canada (HQ) View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
13-06-2025
- Business
- Cision Canada
Government of Canada recognizes national historic significance of the Co-operative Union of Canada - the first organization to unite and represent Canadian co-operatives Français
HAMILTON, ON, June 13, 2025 /CNW/ - On June 6, Parks Canada commemorated the national historic significance of the Co-operative Union of Canada (CUC) by virtually unveiling a plaque to be installed in Hamilton, Ontario. The announcement was made on behalf of the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages. Additionally, Co-operatives and Mutuals Canada, the national association representing the co-operative and mutual sector, held a special in-person unveiling of the plaque during their annual congress in Regina, Saskatchewan, from June 10 to 11, 2025. This event highlights the enduring influence of the co-operative and mutualist movement—which brings together member-owned organizations that operate for the mutual benefit of their members—that the Co-operative Union of Canada helped to shape. The Co-operative Union of Canada was a trailblazer in uniting co-operatives across the country and amplifying their interests on the national stage. Founded in Ontario in 1909 by advocates of the co-operative movement, it was primarily a consumer pressure group before the First World War. In 1944 the CUC convinced the federal government to improve tax changes that would have been damaging to co-operatives. In 1970 it successfully lobbied the federal government to pass the first federal co-operative legislation, the Canada Cooperative Associations Act. By 1984, the CUC had become a national organization focused on promoting government relations with the co-operative community, coordinating shared interests among co-operatives, leading communication and promotion of co-operative activities, and advancing international co-operative development. This historic designation honours not only the organization's legacy, but the enduring power of co-operatives in building stronger communities in Canada and around the world. The Government of Canada, through Parks Canada and the Historic Sites and Monuments Board of Canada, recognizes significant people, places, and events that shaped this country as one way of helping Canadians connect with their past. By sharing these stories with Canadians, we hope to foster understanding of and reflection on the diverse histories, cultures, legacies, and realities of Canada's past and present. The designation process under Parks Canada's National Program of Historical Commemoration is largely driven by public nominations. To nominate a person, place or historic event in your community, please visit the Parks Canada website for more information: Quotes "From its founding in 1909 to its advocacy for landmark legislation, the Co-operative Union of Canada helped shape a more equitable and collaborative Canada. Historic designations reflect Canada's rich and varied history, and I encourage all Canadians to learn more about the Co-operative Union of Canada and its important contributions to our shared heritage." The Honourable Steven Guilbeault, Minister responsible for Parks Canada, Minister of Canadian Identity and Culture and Minister responsible for Official Languages "Parks Canada's commemoration of the Co-operative Union of Canada reflects our nation's commitment to honouring the legacy of community-driven organizations that have shaped our history, reinforcing the enduring power of co-operatives in building stronger, more inclusive communities across Canada." The Honourable Aslam Rana, Member of Parliament for Hamilton Centre Quick Facts With the goal of giving back to the community in which it operates, a co-operative is an organization owned by its members that share similar economic, cultural and/or social needs. Founded in 1909 with support from five co-operatives in Ontario and Nova Scotia, the Co-operative Union of Canada was the first national organization to unite and represent Canadian co-operatives. Created in 1919, the Historic Sites and Monuments Board of Canada advises the Minister responsible for Parks Canada on the national significance of persons, places, and events that have marked Canada's history. To date, more than 2,270 designations have been made nationwide. Together with Parks Canada, the Board ensures that subjects of national historic significance are recognized under Parks Canada's National Program of Historical Commemoration and these important stories are shared with Canadians. Parks Canada is committed to working with Canadians in our efforts to tell broader, more inclusive stories in the places that it manages. In support of this goal, the Framework for History and Commemoration outlines a comprehensive and engaging approach to sharing Canada's history through diverse perspectives. Related Links Parks Canada Historic Sites and Monuments Board of Canada SOURCE Parks Canada (HQ)
