Business
CUC Announces Third Quarter Results for the Period Ended September 30, 2010
CUC Announces Third Quarter Results for the Period Ended September 30, 2010
About this update from Caribbean Utilities Co. Ltd. Class A
[{"type":"text","content":"\n\n\n\n Nov. 5, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCaribbean Utilities Company, Ltd. is listed for trading in United States\n dollars on the Toronto Stock Exchange under the trading symbol "CUP.U".\n\n\nGRAND CAYMAN, CAYMAN ISLANDS, Nov. 5 /CNW/ - Caribbean Utilities\n Company, Ltd. ("CUC" or the "Company") announced today its unaudited\n results for the third quarter ended September 30, 2010 (all figures in\n United States dollars).\n\n\nElectricity sales for the third quarter of 2010 totaled 152.7 million\n kilowatt hours ("kWh") in comparison to 153.3 million kWh for the three\n months ended September 30, 2009; a decrease of 0.6 million kWh. \n Electricity sales during the quarter were adversely affected by cooler\n and wetter weather compared to the same period in 2009. For the nine\n months ended September 30, 2010, electricity sales increased by 2% to\n 425.9 kWh, compared to 415.6 kWh for the nine months ended September\n 30, 2009.  The increase in nine month sales was due to higher average\n temperatures during the first six months of the period.\n\n\nThe peak load during the third quarter of 99.4 megawatts ("MW") did not\n exceed the record of 102.1 MW set during the second quarter of 2010. \n The Company added 507 customers during the nine month period ended\n September 30, 2010 including 151 customers during the third quarter of\n 2010 for a period end total of 25,968, up 2% from December ...