Newsroom News
Chesapeake Utilities Corporation to Acquire Florida City Gas
Transformative acquisition more than doubles operations in high-growth Florida service areas Positions CPK to execute on additional growth opportunities in regulated and unregulated businesses Supports long-term earnings and dividend growth; increases capital investment plan; financing plan maintains strong balance sheet DOVER, Del. - Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or “the Company”) today announced it has entered into a definitive agreement to acquire Florida City Gas (“FCG”) from NextEra Energy, Inc. (NYSE: NEE) for $923 million in cash. Upon closing of the transaction, which is expected to occur by the end of the fourth quarter of 2023, FCG will [...]
Chesapeake Utilities Corporation Publishes 2022 Sustainability Report
Advancements in environmental stewardship, engagement and governance DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today released its 2022 Sustainability Report, which highlights the Company’s progress on environmental sustainability goals; investment in employee and community engagement; and excellence in corporate governance. "We believe the energy transition presents additional growth opportunities for Chesapeake Utilities Corporation, and we continue to be transparent about our commitments and progress in the areas of environmental stewardship, employee and community engagement and corporate governance,” said Jeff Householder, president and chief executive officer. “Our continued advancements in regards to these commitments is a testament to the work [...]
Chesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J. Bresnan as Independent Lead Director GalleryChesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J. Bresnan as Independent Lead Director
Chesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J. Bresnan as Independent Lead Director
Retiring Directors John R. Schimkaitis, Calvert A. Morgan, Jr., and Dianna F. Morgan Honored DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces that the Board of Directors appointed Jeffry M. Householder, the Company’s president and chief executive officer, as chair of the Board and Thomas J. Bresnan as the independent lead director of the Board, effective May 3. Bresnan has served as an independent director of the Company since 2001, chair of the audit committee since 2004, and a member of the investment committee since 2016. Householder succeeds John R. Schimkaitis, who has served as a director since [...]
Chesapeake Utilities Corporation Receives FERC Approval to Construct Additional Compression Facilities in Sussex County, Delaware
New Infrastructure Supports Peak Service Demands on Delmarva Peninsula DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Eastern Shore Natural Gas (ESNG), has received approval from the Federal Energy Regulatory Commission (FERC) to construct a new compressor unit at its existing facility in Sussex County, Delaware. The new compressor and associated infrastructure support growing residential, commercial and industrial demand along the Delmarva Peninsula, and provide incremental capacity needed in the coldest winter months. Since 2017, ESNG has made more than $200 million of infrastructure investments to support the significant population growth across the Delmarva Peninsula, and in [...]
Chesapeake Utilities Corporation Opens CNG Fueling Station in Georgia — Operated by Marlin Compression near the Port of Savannah
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its affiliate Marlin Compression opened a high-capacity compressed natural gas (CNG) truck and tube trailer fueling station in Port Wentworth, Georgia. The facility is one of the largest public access CNG stations on the East Coast. In addition to CNG, the new fueling station will offer a renewable natural gas (RNG) option to customers in the near future. In addition to fleet fueling, the station will be utilized as a staging area for Marlin Gas Services to fill CNG transport trailers for its virtual pipeline services. A dedicated lane [...]
Chesapeake Utilities Corporation Earns 2022 Top Workplaces USA Award
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that it is a 2022 Top Workplaces USA award recipient for mid-sized companies for the second consecutive year. Previously, the Company was recognized as a 2021 Top Workplace for mid-sized companies in Delaware by the News Journal for 10 consecutive years, and Florida Public Utilities Company, a wholly owned subsidiary of Chesapeake Utilities, was recognized as a Top Workplace in Central Florida in 2019 and 2021. “It’s an honor to be recognized as a Top Workplace,” said Jeff Householder, president and chief executive officer. “Our employees are the creative and powerful heart of [...]
Chesapeake Utilities Corporation Earns Top Workplaces Title for 10th Consecutive Year
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) has been awarded a Top Workplaces 2021 honor by The News Journal Top Workplaces in Delaware for the 10th consecutive year. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization including alignment, execution and connection, just to name a few. The survey results conveyed, as they have for a decade, that Chesapeake Utilities employees feel that the Company is going in the right [...]
CHESAPEAKE UTILITIES CORPORATION ANNOUNCES QUARTERLY DIVIDEND
Dover, Delaware – Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.48 per share on the Company’s common stock. The $0.48 per share dividend will be paid on October 5, 2021 to all shareholders of record at the close of business September 15, 2021. For 60 years, Chesapeake has paid dividends to its shareholders without interruption. During those 60 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; [...]
Chesapeake Utilities Corporation to Host Conference Call to Review Second Quarter 2021 Financial Results
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, August 5, 2021, at 4:00 p.m. ET to discuss the Company’s financial results for the second quarter ended June 30, 2021. The earnings press release will be issued on Wednesday, August 4, 2021 after the market closes. To participate in this call, dial 877.224.1468 and reference Chesapeake Utilities Corporation’s 2021 Second Quarter Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay. Chesapeake Utilities Corporation is a diversified energy company [...]
Florida Public Utilities Company Monitoring Hurricane Elsa: Customers urged to proactively prepare for the storm
YULEE, FL – Florida Public Utilities Company (FPU) is monitoring the current projections of Hurricane Elsa and preparing to respond around the clock as safely and quickly as possible in the event the storm impacts FPU’s service area. FPU is adjusting Company staffing and preparing electric, natural gas and propane personnel in Florida and in our other service areas outside of Florida to respond to any potential service interruptions that may result from heavy rain and high wind gusts from the storm. Just as FPU prepares, the Company is asking its customers to have emergency plans in place for their [...]
