Expired licence for utility company
Is there an update on the new or renewed licence for Cayman Brac Power & Light? According to OfReg’s website, CP&L’s licence expired on 16 December 2018.
Auntie’s answer: The question came up in the comments 16 January under this article: OfReg gives nod to CUC plan to ease off fossil fuels. The reader is correct that the licence for CBP&L expired 16 December. Here is the link that was referenced on OfReg’s website which confirms that date.
For anyone who doesn’t know, CUC only produces power on Grand Cayman. Cayman Brac Power and Light is the monopoly power provider on both the Brac and Little Cayman.
I reached out to both CBP&L and the Utility Regulation and Competition Office (OfReg) and it seems the wheels are in motion to renew the licence. I wasn’t able to get any details, though.
Jonathan Tibbetts, general manager of CBP&L, simply said, “The new licence is being reviewed prior to being signed.” And the energy and utilities section of OfReg told me, “CBP&L licence negotiations are at an advanced stage and should be concluded shortly.”
I don’t know what “shortly” means but there’s no reason to think that the licence will not be renewed, as it’s the only game on town and has been around for more than 60 years. The company only services a few thousand people, so it’s not a huge money maker.
If you want to know more about CBP&L, you’re out of luck. They have a Facebook page, which offers almost no information other than power outage updates, but no website, unfortunately.
Send questions to auntie@caymannewsservice.com
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Category: Ask Auntie, Business Questions, Local Business
CBP&L is family owned. You can’t buy shares. Private family owned businesses can operate how they like, and they do!
12:23 pm, Bracka, CBP&L is not family owned, but is family controlled, u can buy shares, but good luck getting dividends. Every month the fuel factor goes up, even when the price of fuel don’t
Aren’t you meant to do that BEFORE the expiry date? Like when you have to renew a work permit or your vehicle tag or drivers license? Doh!