Caribbean Utilities Company, Ltd. Announces Appointment of Additional Director
July 18 2011 - 7:35PM
PR Newswire (Canada)
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
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