Caribbean Utilities (TSX:CUP.U)
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GRAND CAYMAN, Cayman Islands, July 18, 2011 /CNW/ --
GRAND CAYMAN, Cayman Islands, July 18, 2011 /CNW/ - Caribbean Utilities
Company, Ltd. ("CUC") announced today the appointment of Mr. Earl A.
Ludlow to its Board of Directors.
Mr. Ludlow currently holds the position of President and Chief Executive
Officer of Newfoundland Power Inc and has many years of experience in
electric utility operations, previously serving as Senior Vice
President at Fortis BC and as Vice President of Operations at
FortisAlberta, amongst other senior positions. In addition, he is a
member of the Professional Engineers and Geoscientists of Newfoundland
and Labrador and was one of the original signatories of the CEO
Charter, Leaders in Health and Safety developed by the Workplace
Health, Safety and Compensation Commission in Newfoundland and
Labrador.
Richard Hew, President and CEO, stated "We are very pleased to welcome
Mr. Ludlow as a Director as he brings a wealth of electric utility
operations knowledge and experience to the deliberations of our Board."
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.
Caribbean Utilities Company, Ltd. is listed for trading in United States
dollars on the Toronto Stock Exchange under the trading symbol "CUP.U".
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
by their very nature and are subject to certain risks and uncertainties
that may cause actual results to vary from plans, targets and
estimates. Such risks and uncertainties include but are not limited to
operational, regulation, general economic, market and business
conditions 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. 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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/18/c6116.html
p Letitia Lawrencebr/ Vice President, Finance and Chief Financial Officerbr/ Phone: (345) 914-1124br/ E-Mail: a href="mailto:llawrence@cuc.ky"llawrence@cuc.ky/a /p