FLORIDA PUBLIC UTILITIES COMPANY ACQUIRES THE PROPANE OPERATING ASSETS OF CHIPOLA PROPANE GAS COMPANY

August 16, 2017

Fernandina Beach, Florida — Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK), announced today that its propane subsidiary, Flo-Gas Corporation, has purchased the propane operating assets of Chipola Propane Gas Company in Marianna, Florida.

“We are very excited to grow our propane presence in Northwest Florida as we continue to expand the scope of our services in this community,” said Kevin Webber, Vice President of FPU. “We look forward to continuing to provide safe, reliable and affordable energy services in the region.”

Chipola Propane Gas, a family-owned and operated business founded in 1961, has been providing propane service to approximately 800 residential and commercial accounts in Jackson, Calhoun, Gadsden, Liberty, Bay and Washington Counties.

Founded in 1924, FPU has a long-standing history of natural gas, propane and electric service in Florida and currently serves more than 16,000 propane customers throughout the state. The acquisition of Chipola Propane Gas will broaden the availability of FPU propane services to residents and businesses within the state of Florida, specifically the Marianna region.

About Florida Public Utilities Company
Florida Public Utilities Company is a wholly owned subsidiary of Chesapeake Utilities Corporation. Headquartered in Fernandina Beach, Florida, FPU distributes natural gas and propane and provides electric services to approximately 100,000 customers in markets throughout Florida. For more information, visit www.fpuc.com

About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution, transmission, gathering and processing, and marketing, electricity generation and distribution, propane gas distribution and other businesses. Information about Chesapeake’s businesses is available at www.chpk.com.

Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

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 Cautionary Note Regarding Forward-Looking Statements: Statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “likely,” “outlook,” “forecast,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “target,” “continue,” “sustain,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to vary materially from those indicated, including the factors described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each of which is incorporated herein by reference, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, the Company does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

 

 

For more information, contact:
Bonnie Erdek
Community & Contracts Administrator
Florida Public Utilities Company
bonnie_erdek@chpk.com
561.838.1766

 

 

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