Caribbean Utilities Company, Ltd. (TSX: CUP.U), known locally as "CUC", commenced operations as the only public electric utility in Grand Cayman, the largest of the three Cayman Islands, in May 1966. The company has more than 190 employees, most of whom are Caymanian, producing electricity from diesel fueled generators. In the past, the company has recorded substantial damage to its assets from hurricanes.CUC is primarily owned by Fortis Inc., a holding company based in St.