Last $10.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
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As of 8:10 PM 01/20/15 All times are local (Market data is delayed by at least 15 minutes).

caribbean utilities co ltd-a (CUPUF) Snapshot

Open
$10.80
Previous Close
$10.80
Day High
$10.80
Day Low
$10.80
52 Week High
01/15/15 - $11.29
52 Week Low
03/25/14 - $10.07
Market Cap
315.4M
Average Volume 10 Days
620.0
EPS TTM
--
Shares Outstanding
29.2M
EX-Date
11/27/14
P/E TM
--
Dividend
$0.66
Dividend Yield
6.11%
Current Stock Chart for CARIBBEAN UTILITIES CO LTD-A (CUPUF)

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caribbean utilities co ltd-a (CUPUF) Details

Caribbean Utilities Company, Ltd. is engaged in the generation, transmission, and distribution of electricity to residential and commercial customers in Grand Cayman, the Cayman Islands. It generates electricity primarily from diesel. As of December 31, 2013, the company had an installed generating capacity of 149.540 megawatts; and served 27,364 customers. The company was founded in 1966 and is based in Grand Cayman, the Cayman Islands. Caribbean Utilities Company, Ltd. is a subsidiary of Fortis Energy (Bermuda) Ltd.

199 Employees
Last Reported Date: 11/7/14
Founded in 1966

caribbean utilities co ltd-a (CUPUF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $232.1K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $171.1K
Vice President of Transmission & Distribution
Total Annual Compensation: $168.7K
Vice President of Production
Total Annual Compensation: $150.3K
Compensation as of Fiscal Year 2013.

caribbean utilities co ltd-a (CUPUF) Key Developments

Caribbean Utilities Enters into A Design-Build Contract with the consortium of Burmeister & Wain Scandinavian Contractor A/S and MAN Diesel & Turbo SE

Caribbean Utilities Company Ltd. has entered into a design-build contract agreement for the generation expansion project with the consortium of Burmeister & Wain Scandinavian Contractor A/S and MAN Diesel & Turbo SE. The agreement covers the purchase and turnkey installation of two 18.5 megaWatt (MW) V48/60 medium-speed diesel generating units, one 2.7 MW steam turbine, and associated auxiliary equipment. This contract is valued at approximately $55 million; the total project cost is estimated at $85 million to complete. The generating units will be housed in a new purpose built power house at the Company's North Sound Plant and will be commissioned in June 2016.

Caribbean Utilities Company, Ltd. Announces the Closing of $50 Million Private Placement of Senior Unsecured Notes

Caribbean Utilities Company Ltd. announced the closing of a $50 million private placement consisting of $30 million 3.65% Senior Unsecured Notes due November 25, 2029, $5 million 3.85% Senior Unsecured Notes due November 25, 2034, and $15 million 4.53% Senior Unsecured Notes due November 25, 2046. The debt offering was privately placed with institutional investors in the United States with CIBC World Markets Corp. acting as sole placement agent. Proceeds from the offering will be used to finance the development of a 39.7 MW diesel power plant and other capital expenditures.

Electricity Regulatory Authority Grants New Generation License to Caribbean Utilities Company

Caribbean Utilities Company Ltd. announced the issuance of a new non-exclusive Electricity Generation Licence by the Electricity Regulatory Authority to replace the Generation Licence granted on April 3, 2008 for operations in Grand Cayman. The granting of the new Generation Licence follows the ERA announcement on October 3, 2014 that CUC was selected to provide 39.7 MW of additional generation capacity subsequent to an open and competitive bid process In accordance with the Company's 2008 generation licence, if CUC is awarded the right to supply additional generation pursuant to a generation solicitation process, the Company's existing Generation Licence will be cancelled and a new Generation Licence issued for a period to cover the installation and expected life of the generating unit, up to a maximum term of twenty-five years. In addition, the terms and conditions of a new licence are not to be materially different from the terms and conditions of the 2008 Generation Licence. The new non-exclusive Generation Licence has been issued for a term of 25 years, expiring on November 20, 2039.

 

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Valuation CUPUF Industry Range
Price/Earnings 15.8x
Price/Sales 1.4x
Price/Book 1.8x
Price/Cash Flow 7.1x
TEV/Sales 0.4x
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