Financial & Corporate News

YULEE, FL – Florida Public Utilities Company (FPUC), a wholly-owned subsidiary of Chesapeake Utilities Corporation (NYSE: CPK), announced today that the Company has once again been recognized as a Top Workplace in Central Florida.  In August, Chesapeake Utilities’ Delaware operating companies were recognized as a Top Workplace in Delaware for a ninth consecutive year. “This Top Workplace award recognizes our FPUC employees’ drive and dedication and is a result of the personal connections they make with our customers and communities, and their commitment to delivering safe and reliable energy service every day,” said Jeff Householder, President and Chief Executive Officer [...]

DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its Florida subsidiary, Peninsula Pipeline Company, Inc., in collaboration with SeaCoast Gas Transmission, an affiliate of Tampa-based TECO Peoples Gas, have completed the Callahan Intrastate Pipeline, bringing additional natural gas capacity to Nassau and Duval Counties. The new supply source will enable both Chesapeake Utilities subsidiary Florida Public Utilities Company (FPUC) and Peoples Gas to expand natural gas distribution service in this growing area of Florida.  FPUC and Peoples Gas previously worked together in 2012 to introduce natural gas service to Nassau County. “The completion of this joint pipeline [...]

Customers urged to proactively prepare for the Storm YULEE, FL – Florida Public Utilities Company (FPUC) is monitoring the current projections of Hurricane Eta and preparing to respond around the clock as safely and quickly as possible in the event the Storm impacts FPUC’s service area. FPUC is prepared to adjust Company staffing to respond to any potential service interruptions that may result from the heavy rainfall and predicted 75 mph maximum sustained wind gusts from the Category 1 Storm. Just as FPUC prepares, the Company is asking its customers to have emergency plans in place for their families. Customers [...]

Dover, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane subsidiary, Sharp Energy, has acquired Western Natural Gas Company in Jacksonville, Florida.  The parties closed on this transaction on October 26, 2020.  Terms of the transaction were not publicly disclosed. “This is an important acquisition for our Company as it enables Sharp Energy to immediately expand the availability of its propane operations into Florida and build upon our existing propane footprint,” said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. “Sharp Energy continues to expand and generate strong performance for our Company.  They are [...]

Earnings per share ("EPS")* was $0.56 for the third quarter of 2020 compared to $0.34 for the third quarter of 2019 Year-to-date EPS increased to $2.97 from $2.59, for the prior year period Third quarter and year-to-date EPS from continuing operations increased $0.18 and $0.29, respectively, over the corresponding periods in 2019 In September 2020, the Florida Public Service Commission approved a settlement agreement regarding final cost recovery and rates associated with Hurricane Michael, which generated $2.9 million in incremental year-to-date earnings Strong performance for the first nine months of 2020 driven by continued growth in the Company's businesses, the [...]

DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) recognizes the financial impact that the COVID-19 pandemic may have had on customers. As a result, the Company is advising customers to reach out immediately, if needed, to establish payment arrangements and to learn about the customer assistance programs that can help to bring their accounts up to date. Chesapeake Utilities will continue to work with each customer on a case-by-case basis to assist with the continuation of their energy service. In March, the Company suspended service disconnections, waived late fees and expanded billing and payment options, including the extension of payment [...]

Nearly $67 million in electric system restoration made following the Storm   DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) today announced that its electric subsidiary, Florida Public Utilities Company (FPUC), received approval from the Florida Public Service Commission (FPSC) on a settlement agreement between FPUC and the Office of Public Counsel (OPC) regarding final cost recovery and rates associated with Hurricane Michael. Previously, the Commission approved an interim rate increase effective January 1, 2020, associated with the restoration effort following Hurricane Michael.  FPUC was able to time this interim rate increase with its efforts to reduce customer fuel costs, [...]

Company one of only two companies to receive the honor nine consecutive years  DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that the Company has been recognized as a Top Workplace in Delaware for the ninth consecutive year. Chesapeake Utilities is one of only two companies to receive this honor nine consecutive years. “The Top Workplace award recognizes our employees’ dedication and teamwork, which remain essential to our strong culture that encourages employees to be authentic leaders,” said Jeff Householder, President and Chief Executive Officer for Chesapeake Utilities Corporation. “Each employee at Chesapeake Utilities is a [...]

DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities or the Company) today announced that the Company has entered into an agreement with Atlanta Gas Light (AGL), a wholly-owned subsidiary of Southern Company Gas, for AGL to construct and maintain a compressed natural gas (CNG) filling station at the Port Fuel Center located in Port Wentworth near the Port of Savannah in Georgia. The station will provide a strategic staging area and CNG supply source for the Company’s Marlin Gas Services subsidiary’s (Marlin) CNG virtual pipeline operations.  Marlin is a premier North American supplier of mobile CNG utility and [...]

Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) wants to remind our natural gas, propane and electric customers as well as all contractors that today, August 11, is ‘National Call Before You Dig Day,’ a reminder to call 811 and have utility-owned underground lines marked prior to digging. A survey conducted earlier this year by the Common Ground Alliance, the national association that promotes the 811 phone number and safe digging practices, projected that nearly 40 percent of homeowners who planned to dig this year for various projects, were likely to put themselves and their communities at risk by not calling [...]