CARIBBEAN UTILITIES COMPANY, LTD. (CUC) ANNOUNCES QUARTER ONE (2024) RESULTS AND STRATEGIC MILESTONES
Highlights for Q1 2024 were as follows:
- Highlights for Q1 2024 were as follows:
Net Earnings for Q1 2024 totaled $6.2 million, 18% increase compared to Q1 2023. - 6% increase in kilowatt-hour ("kWh") sales when compared to three months ended March 31, 2023 ("First Quarter 2023" or "Q1 2023").
- Lifecycle upgrades for first generating unit were completed and work has commenced on the second of five units planned for upgrade.
- During the First Quarter, the Company continued to make progress on major projects that are aimed at reducing costs and carbon emissions.