Latest news with #CUC
Cision Canada
13-05-2025
- Business
- Cision Canada
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES THE RESULTS OF THE 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS
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 13, 2025 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced that the nominees listed in the Company's Notice to Shareholders and Management Information Circular dated March 21, 2025 were elected as Directors of Caribbean Utilities Company, Ltd at the Company's Annual General Meeting of Shareholders ("the AGM"), held on May 12, 2025 in Grand Cayman, Cayman Islands. Election of Directors The following nominees were elected to serve as directors of CUC until the next annual meeting of the Company or until their successors are elected or appointed. Notwithstanding that the motions were passed by a show of hands vote at the meeting, the votes recorded by proxy in advance of the meeting were as follows: Appointment of Auditors Shareholders of the Company approved the appointment of Deloitte LLP. as auditors of CUC until the next annual meeting of the Company, and the Board of Directors was authorized to fix the auditors' remuneration. 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 Licence" 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. SOURCE Caribbean Utilities Company, Ltd.
Yahoo
13-05-2025
- Business
- Yahoo
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES THE RESULTS OF THE 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS
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 13, 2025 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced that the nominees listed in the Company's Notice to Shareholders and Management Information Circular dated March 21, 2025 were elected as Directors of Caribbean Utilities Company, Ltd at the Company's Annual General Meeting of Shareholders ("the AGM"), held on May 12, 2025 in Grand Cayman, Cayman Islands. Election of Directors The following nominees were elected to serve as directors of CUC until the next annual meeting of the Company or until their successors are elected or appointed. Notwithstanding that the motions were passed by a show of hands vote at the meeting, the votes recorded by proxy in advance of the meeting were as follows: Nominees Votes For Votes Withheld Mrs. Jennifer P. Dilbert 25,805,034 99.76 % 61,147 0.24 % Mrs. Sheree L. Ebanks 25,805,509 99.77 % 60,672 0.23 % Mr. Woodrow S. Foster 25,803,212 99.76 % 62,969 0.24 % Ms. Jennifer Frizzelle 25,804,816 99.76 % 61,365 0.24 % Ms. Karen Gosse 25,802,465 99.75 % 63,716 0.25 % Mrs. Sophia A. Harris 25,804,136 99.76 % 62,045 0.24 % Mr. J.F. Richard Hew 25,804,399 99.76 % 61,782 0.24 % Mr. Stuart Lochray 25,801,155 99.75 % 65,026 0.25 % Mr. Mark R. Macfee 25,803,607 99.76 % 62,574 0.24 % Ms. Kay Menzies 25,804,786 99.76 % 61,395 0.24 % Mr. David Smailes 25,802,220 99.75 % 63,961 0.25 % Mr. Gary J. Smith 25,801,849 99.75 % 64,332 0.25 % Appointment of Auditors Shareholders of the Company approved the appointment of Deloitte LLP. as auditors of CUC until the next annual meeting of the Company, and the Board of Directors was authorized to fix the auditors' remuneration. Votes For Votes Withheld 28,567,096 99.28 % 207,105 0.72 % 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 Licence" 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. SOURCE Caribbean Utilities Company, Ltd. View original content: 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
Yahoo
12-05-2025
- Business
- Yahoo
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES
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 12, 2025 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ("CUC" or "the Company") announced today that the Board of Directors has declared an increase in the regular quarterly dividend from US$0.185 to US$0.19 per Class A Ordinary Share. This represents a 3% increase to US$0.76 per share on an annualized basis. The dividend will be payable June 16, 2025 to shareholders of record June 2, 2025. 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 Licence" 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. SOURCE Caribbean Utilities Company, Ltd. View original content: 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
Associated Press
12-05-2025
- Business
- Associated Press
CARIBBEAN UTILITIES COMPANY, LTD ANNOUNCES INCREASE IN DIVIDEND ON CLASS A ORDINARY SHARES
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 12, 2025 /CNW/ - Caribbean Utilities Company, Ltd. (TSX: CUP.U) ('CUC' or 'the Company') announced today that the Board of Directors has declared an increase in the regular quarterly dividend from US$0.185 to US$0.19 per Class A Ordinary Share. This represents a 3% increase to US$0.76 per share on an annualized basis. The dividend will be payable June 16, 2025 to shareholders of record June 2, 2025. 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 Licence' 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. SOURCE Caribbean Utilities Company, Ltd.
RNZ News
11-05-2025
- Health
- RNZ News
Saipan tap water unsafe to drink in some areas, CNMI water official warns
Travis Robert Spaeth said the levels of PFAS in many parts of Saipan exceed new federal safety standards and could pose longterm health risks. Photo: AFP / FRED TANNEAU A top environmental official has advised Saipan residents, particularly those living in southern villages, not to drink from the tap due to widespread contamination from PFAS (per- and polyfluoroalkyl substances) - also known as "forever chemicals" - found in the island's water supply. CNMI Bureau of Environmental and Coastal Quality (BECQ) safe drinking water program manager Travis Robert Spaeth said the levels of PFAS in many parts of Saipan exceed new federal safety standards and could pose longterm health risks. "If you live down south, I don't know that you should [drink the tap water]. I really don't," Spaeth said during a public seminar on 8 May hosted by Northern Marianas College's Environmental and Natural Resources Organisation (ENRO). Spaeth said the Commonwealth Utilities Corporation (CUC) and BECQ have been tracking PFAS contamination on Saipan since 2015, particularly in areas near the airport where firefighting foam - one of the most common sources of PFAS - was historically used. Although water filtration systems using granular activated carbon, or GAC, have been installed, he said PFAS levels fluctuate and often exceed limits set by the US Environmental Protection Agency. PFAS are manmade chemicals used in firefighting foam, nonstick cookware, water-repellent clothing, and food packaging. Known for their resistance to breaking down in the environment, they accumulate in the body over time and have been linked to a range of health problems, including reproductive issues, developmental delays, liver damage, and certain cancers. "These compounds are everywhere," Spaeth said. "They're in our water, soil, air, even in the food we eat. And because they don't break down easily, they're incredibly difficult to remove." ENRO president and event moderator Mark Pangelinan said the seminar aimed to raise public awareness about a growing environmental threat. "Growing up, we always knew that we shouldn't drink the faucet water," Pangelinan said. "But I never realised just how severe the contamination was." Pangelinan said learning about PFAS through college courses and now witnessing its increasing coverage in the media gave him hope that more attention and resources would be directed toward solving the problem. "As Mr Spaeth mentioned, there are steps being taken like desalination and other treatment strategies. But there's still so much work to be done," he said. "The best we can do now as citizens is to spread awareness and support more outreach events like this." Pangelinan closed his remarks with a simple message: "Don't drink the tap water, please." Travis Robert Spaeth with participants at the public seminar on 8 May hosted by Northern Marianas College's Environmental and Natural Resources Organisation. Photo: Mark Rabago Recent sampling showed that 64 of 73 CUC wells tested had PFAS detections above new EPA thresholds, with six wells measuring 10 times higher than allowed levels. In Spaeth's presentation, the south-central and southern parts of Saipan were identified as the most severely affected. "The EPA's new limit is just four parts per trillion. On Saipan, we have areas with levels hundreds of times higher," he said. He added that some CUC wells had historically exceeded 70 parts per trillion, the older health advisory threshold, and that water in those areas is not safe to drink or cook with. While GAC units temporarily reduce PFAS levels, the media inside them must be replaced every two years, or sooner. "Once the media is exhausted, PFAS starts breaking through again," Spaeth explained. Spaeth reassured residents that bottled water produced on Saipan and water used at the Commonwealth Healthcare Corporation (CHCC) hospital are currently free of PFAS due to reverse osmosis filtration systems. "All bottled water companies are using reverse osmosis, and we haven't detected PFAS in any of them," he said. "CHCC's water is also safe." Spaeth said that residents in affected areas should continue using bottled water for drinking and cooking, and avoid relying on tap water unless they have tested and verified home filtration systems. With no regional water testing labs and high shipping and disposal costs, Spaeth noted that managing PFAS in the CNMI is more expensive and difficult than in mainland jurisdictions. The CNMI has been a leader among territories in adopting local PFAS limits, but now faces pressure to meet stricter federal standards by 2029. "There's a possibility that desalination could be a long-term solution," Spaeth said, "but it's costly and power-intensive." He also warned of potential contamination of fruits, vegetables, fish, and livestock due to PFAS bioaccumulation in the environment-though the CNMI has not yet conducted local food testing. "This is a serious issue for Saipan. It's affecting our wells, our homes, and possibly our food supply," he said. "The water's not drinkable in many places-and it's going to take years to fix." Spaeth said the CNMI will have until 2029 to comply with the EPA's new PFAS rules, but acknowledged that meeting these standards will require funding, technical support, and long-term infrastructure changes. Testing and disposal are more difficult and expensive in island jurisdictions, and Saipan lacks a certified PFAS testing lab. "Desalination could be a future option, but it's costly and energy-intensive," he said. Spaeth warned that PFAS contamination could also affect local agriculture and fisheries through environmental bioaccumulation, though no formal food testing has yet been conducted in the CNMI.
