Energy regulator scraps fossil fuel plan in out-of-court settlement
The Utility Regulation and Competition Office has walked back a decision to commission a massive new investment in fossil fuels in an out-of-court compromise with Caribbean Utilities Company.
A surging population, business and tourism growth are putting new demands on the island’s energy grid. And significant investment is needed to produce more electricity.
But the regulator, known as URCO, and the utility company have clashed over where that power should come from. A settlement agreement announced this week heads off a court battle and should ensure that more of that new energy supply can come from solar farms. For a more complete summary of the story, please see the below link:
Published on: Aug 07, 2025 01:50 PM