St. Lucia Electricity Services Limited (LUCELEC) has been granted approval by its shareholders to establish a subsidiary company. The decision came at the end of a Special Meeting of Shareholders held on Friday, May 9, 2014.

Shareholders of the St. Lucia Electricity Services Limited (LUCELEC) will receive a dividend payment of seventy cents (EC$0.70) for every share of LUCELEC stock they own. The amount represents the disbursement from the electricity company for the financial year that ended on December 31, 2013.

Saint Lucia Electricity Services Limited (LUCELEC) is continuing its Gold Sponsorship support of the Saint Lucia Jazz and Arts Festival.

The electricity company will contribute cash and electrical infrastructure to main organizers the Saint Lucia Tourist Board.