Caribbean Utilities Company, Ltd reports results of generation bid

Caribbean Utilities Company, Ltd reports results of generation bid 
Caribbean Utilities Company, Ltd. is listed for trading in United States 
dollars on the Toronto Stock Exchange. 
(TSX: CUP.U) 
GRAND CAYMAN, Cayman Islands, Feb. 11, 2013 /CNW/ - The Electricity Regulatory 
Authority ("ERA") has advised Caribbean Utilities Company, Ltd. ("CUC") that 
DECCO Ltd., a subsidiary of Dart Management Ltd., has been selected to develop 
and operate two additional 18 MegaWatt ("MW") units of power generation 
capacity on Grand Cayman. The first of the two units will be required for 2014 
and the second unit will be required as late as 2017, with the timing 
dependent on growth in demand for electricity. 
In accordance with the process outlined in CUC's Transmission and Distribution 
Licence, CUC will now enter into negotiations leading to a long-term power 
purchase agreement with DECCO Ltd. 
President and CEO of CUC Mr. Richard Hew stated, "We look forward to reviewing 
the winning bid and entering into discussions with DECCO Ltd. leading to a 
power purchase agreement. CUC remains committed to offering a safe, reliable 
and efficient service at least cost to our customers." 
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. 
Contact: 
Letitia Lawrence Vice-President Finance & C.F.O. 
Phone:(345) 949-5200 Fax:(345) 949-4621 
SOURCE: Caribbean Utilities Company, Ltd. 
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http://www.newswire.ca/en/releases/archive/February2013/11/c4644.html 
CO: Caribbean Utilities Company, Ltd.
NI: UTI  
-0- Feb/11/2013 18:11 GMT
 
 
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