Caribbean Utilities Company, Ltd.  2011  Annual Report General Data Cover Photo: The final phase of the 69 kilovolt Eastern Transmission Loop along Rum Point Drive and  North Side Road was completed in 2011. The Loop will greatly enhance the reliability of electrical service  and provide for future customer growth requirements in the eastern districts. Readers should review the Note further in this Annual Report, in the Management’s Discussion and Analysis section,  concerning the use of forward-looking statements, which applies to the entirety of this Annual Report to shareholders. General Data About the Company Contents Caribbean Utilities Company, Ltd., known locally as “CUC”, commenced  operations as the only electric utility in Grand Cayman on May 10, 1966. The  Company currently has an installed generating capacity of 151.230 megawatts  (MW), and the record peak load of 102.086 MW was experienced on June 3,  2010. CUC is committed to providing a safe and reliable supply of electricity to  over 26,000 customers. The Company has been through many challenging and  exciting periods but has kept pace with Grand Cayman’s development for over 45 years.  Highlights  1 To Our Shareholders  2 Management’s Discussion and Analysis  8 Management’s Responsibility for Financial Reporting  28 Auditors’ Report  29 Balance Sheets  30 Statements of Earnings and Comprehensive Income  31 Statements of Retained Earnings  32 Statements of Cash Flows  33 Notes to Financial Statements  34 Ten-Year Summary  54 Board of Directors  56 Officers  57 Shareholder and Corporate Information  58