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Chesapeake Utilities Corporation Establishes RNG Injection Point in Florida

Gate system enhancement enables alternative fuels into pipeline delivery system DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces the establishment of a fuel injection point in Yulee, Florida, that enables the receipt of renewable natural gas (RNG) and supports the growing demand for energy from increased residential and commercial needs in Nassau County. The injection point can accept RNG, compressed natural gas (CNG) and liquefied natural gas (LNG) and is the first enhancement of a gate system in Florida that allows for alternative fuels to be injected into the pipeline delivery system. The new injection point will enhance Chesapeake Utilities’ subsidiary [...]

February 6, 2023|

Chesapeake Utilities Corporation Expands Propane Services in Florida with Acquisition of Hernando Gas

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Florida Public Utilities (FPU), has acquired the propane operating assets of Hernando Gas, based in Hernando, Florida. Through this acquisition, the Company expands its operating footprint further into Florida, where customers will be served by FPU. “Propane’s reliability, versatility and superior performance make it a fuel of choice for many Floridians,” said Jeff Householder, president and chief executive officer, Chesapeake Utilities. “We are confident that FPU will provide our new propane customers with the same exceptional service that they have been accustomed to receiving.” “This is a strategic [...]

December 16, 2022|

Chesapeake Utilities Corporation Announces Acquisition of Planet Found

Proprietary poultry waste technology expands the Company’s waste-to-energy capabilities DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it purchased 100% of the membership interest of Planet Found Energy Development, LLC (PFED) for $9.4 million. PFED is a Maryland-based entity formed by Delmarva-based scientists, farmers and business people dedicated to developing poultry litter management technologies. This acquisition aligns with the Company’s renewable energy investment objectives including: Internal technology expertise, especially related to organic soil conditioner and future fertilizer production, an important economic component in poultry waste biogas production. Operation of a small poultry biogas facility in Maryland [...]

November 7, 2022|

Chesapeake Utilities Corporation Announces Quarterly Dividend

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.535 per share on the Company’s common stock. The $0.535 per share dividend will be paid on January 5, 2023 to all shareholders of record at the close of business on December 15, 2022. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 62 years and has increased its annualized dividend every year since 2004. About Chesapeake Utilities Corporation: Chesapeake Utilities Corporation is a diversified energy delivery company, listed on [...]

November 3, 2022|