RegulatoryJun 24, 2026, 05:11 PM
Consolidated Water Secures 25-Year License for Cayman Operations
AI Summary
Consolidated Water Co. Ltd.'s subsidiary, Cayman Water Company Limited, has secured a new 25-year license from the Cayman Islands government's Utility Regulation and Competition Office (OfReg). This license, effective August 1, 2026, resolves a long period of uncertainty and establishes a long-term regulatory framework for the company's retail water operations. It grants Cayman Water the exclusive right to produce and distribute potable water in its licensed service area and outlines specific base rates for various consumer types, with annual adjustments and provisions for energy cost recovery. The exchange rate for CI$ to US$ is fixed at US$1.20 per CI$1.00.
Key Highlights
- New license granted to Cayman Water for 25 years, effective August 1, 2026.
- Establishes a long-term regulatory framework for retail water operations.
- Exclusive right to produce and distribute potable water in the License Area.
- Residential base rate: CI$16.23 per 1,000 gallons for first 3,000 gallons.
- Commercial base rate: CI$19.90 per 1,000 gallons for first 3,000 gallons.
- Annual rate adjustments effective July 1, based on a rate cap mechanism.
- Permits recovery of energy costs through a separate charge.
Price Impact
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