06:25 AM EDT, 09/22/2025 (MT Newswires) -- Caribbean Utilities (CUP-U.TO) late Friday said it has filed a new certificate of need to strengthen Grand Cayman's grid and meet 2027 energy needs.

This comes after Caribbean Utilities agreed on an approach with the Utility Regulation and Competition Office (URCO) to address the pressing demand for increased generation capacity in Grand Cayman.

As part of the deal, the company committed to withdraw an initial certificate of need submitted June 7, 2024. URCO also formally rescinded its final determination on the certificate of need, issued April 24, 2025.

The updated filing outlines the generation resource requirements needed to meet Grand Cayman's projected energy demand with a need for additional generation capacity to be in place by 2027. The submission includes a comprehensive system analysis, detailed load forecasts and operational benchmarking to ensure sufficient capacity and energy availability by June 2027.

Given the short timeframe, it is likely that interim measures may need to be taken to address the needs of the grid in the short term.

The new submission also differs from the previous one in it outlines generation capacity and reliability requirements but does not recommend any specific technology. The previous submission had solar and storage as a key feature.

Instead, URCO is expected to issue a request for proposal and bidders will be allowed to propose alternate resource solutions.