Caribbean Utilities Company, Ltd. announced the appointment of Dr. Stephen Jay as an Executive Officer of the Company serving as Vice President of Energy Operations. Dr. Jay holds a doctorate in Electrical and Mechanical Engineering and brings a wealth of knowledge with over 30 years' experience in strategy development, asset management, electricity markets and regulation, renewable generation development and technological innovation. Prior to his appointment with CUC, Dr. Jay was with Transpower New Zealand Ltd. as the Executive General
Manager Operations. Dr. Jay has a wealth of experience including strong leadership skills, active
collaboration with the New Zealand market regulator including the development of renewable energy systems, and
assistance with positioning the country for a lower carbon emission future. As the President of the Electricity Engineers Association, a national not-for-profit organization that
represents the self-governance, safety and asset management best practice for the generation, distribution and
transmission companies in New Zealand; Dr. Jay provided insight into renewable energy thought leadership,
technology integration and asset management.