Uncategorized News
Chesapeake Utilities Corporation Named Champion of Board Diversity by The Forum of Executive Women
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a 2023 Champion of Board Diversity by The Forum of Executive Women, joining other companies such as Campbell Soup Company, DuPont de Nemours, Rite Aid and WSFS Financial. In collaboration with PwC, the Forum reviews companies in the Philadelphia region that support the advancement of women leaders in corporate boardrooms and executive suites. Each year, The Forum of Executive Women honors the top public companies in the region with 30% or more women on their respective boards."We are honored that Chesapeake Utilities Corporation has been acknowledged as [...]
Chesapeake Utilities Corporation Seeks Approval for Innovative Energy Efficiency Program in Delaware
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has officially filed for approval of an innovative energy efficiency program aimed at reducing carbon emissions and fostering sustainability in the state of Delaware. The application was submitted to the Delaware Public Service Commission (PSC) in September, marking a significant milestone in the Company's ongoing commitment to environmental sustainability. Upon receiving approval from the Delaware PSC, Chesapeake Utilities anticipates implementing the program in the first half of 2024. This endeavor represents the first-of-its-kind initiative focused on natural gas in the state of Delaware and underscores the Company's dedication to reducing emissions [...]
Celebrating Excellence: Chesapeake Utilities and Sharp Energy Recognized as Stars of Delaware
DOVER, Del. - – For the fourth consecutive year, two subsidiaries of Chesapeake Utilities Corporation (NYSE: CPK) have been honored with the prestigious Stars of Delaware accolades presented by the Delaware State News. Chesapeake Utilities, responsible for natural gas distribution across many parts of the Delmarva Peninsula, has been recognized as the Best Energy Provider, while Sharp Energy, the corporation's propane distribution subsidiary, has once more earned the title of Best Propane Company. “We aim to enhance every community we are a part of by providing safe, dependable and efficient energy. Additionally, we actively support local initiatives and organizations that share [...]
Chesapeake Utilities Corporation Celebrates Four ARC International Awards for Excellence in Sustainability Reporting
DOVER, Del. - Chesapeake Utilities Corporation (NYSE: CPK) announced today that it was recognized with four MerComm ARC International Awards for its 2022 Sustainability Report. The ARC International Awards competition is the world's largest independent international contest honoring excellence in reports. The awards are listed here: Award Category Class Gold Chairman’s Letter/Presentation: Sustainability Report Americas and Europe Gold Design/Graphics: Sustainability Report Americas and Europe Honors Writing: Sustainability Report Americas and Europe Honors PDF Version: Sustainability Report Americas and Europe The complete list of winners is posted [...]
Chesapeake Utilities Corporation Participating in the NYSE Energy & Utilities Virtual Investor Access Day
Dover, Delaware – On September 12, 2023, Management from Chesapeake Utilities Corporation (NYSE:CPK) (the “Company”) will participate in the New York Stock Exchange’s (“NYSE”) Energy & Utilities Virtual Investor Access Day. The Company will virtually join members of investment firms, including existing and prospective investors, in a series of one-on-one meetings as scheduled through the NYSE. A copy of the presentation materials will be made available prior to the conference in the “Investors” section of the Company’s website, sub-section “Events and Presentations – Other Events” (www.chpk.com). About Chesapeake Utilities Corporation: Chesapeake Utilities Corporation is a diversified energy delivery company, listed [...]
Florida Public Utilities, Sharp Energy Continue to Monitor Hurricane Idalia, Urging Customers to Prepare
Yulee, Fla. – Florida Public Utilities (FPU) and Sharp Energy, subsidiaries of Chesapeake Utilities Corporation, are actively monitoring and preparing for Hurricane Idalia, which is expected to impact the companies’ service territories. Both companies are adjusting Company staffing and preparing electric, natural gas and propane personnel in Florida and in our 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. Emergency response and plans have been activated to ensure a safe and efficient restoration of services, should that be necessary. The restoration priority plan calls for [...]
Florida Public Utilities Company, Sharp Energy Monitoring Tropical Storm Idalia
Customers urged to proactively prepare for the storm Yulee, Fla. – Florida Public Utilities Company (FPU) and Sharp Energy are monitoring the current projections of Tropical Storm Idalia and preparing to respond as safely and quickly as possible in the event the storm impacts the Company’s service area. The Company is adjusting 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 and Sharp Energy prepare, [...]
Chesapeake Utilities Corporation Recognizes National 8-1-1 Day and Promotes Safe Digging Practices
DOVER, Del. - Chesapeake Utilities Corporation is committed to promoting safe digging practices year-round, and National 8-1-1 Day serves as a valuable reminder of the importance of taking proactive steps to prevent damage to essential infrastructure. By following these guidelines before beginning any outdoor digging project, individuals contribute to the preservation of vital utilities, protection of the environment and the safety of their communities. Safe Digging Guidelines Contact 8-1-1: Before beginning any digging project, whether it's planting a tree, installing a fence or any other outdoor activity that involves excavation, call 8-1-1 or visit call811.com for an online request in [...]
Chesapeake Utilities Corporation Names Scholarship Recipients
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces the recipients of its 2023 Aspiring Scholars awards. Since 2006, the scholarship program has supported graduating high school seniors who are the children of Chesapeake Utilities Corporation employees. One-year scholarships are awarded to recipients to apply toward their studies at an accredited college or university, or postsecondary education trade or technical school. Awards are based on each applicant’s academic record, extracurricular accomplishments, leadership qualities and community engagement. “Chesapeake Utilities Corporation is proud to support these students as they pursue continuing education opportunities,” said Jeff Householder, president and CEO. “Our people are our [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2023 RESULTS
Earnings per share ("EPS")* for the second quarter of 2023 was $0.90 compared to $0.96 per share for the second quarter of 2022 which included a non-recurring gain of $0.08 per share; Operating income for the quarter grew 1 percent from the prior year quarter to $28.3 million Year-to-date EPS was $2.94 compared to $3.04 per share in the prior year Customer consumption was significantly impacted by historically warmer temperatures during the quarter and the six months ended June 30, 2023, lowering EPS by approximately $0.09 and $0.38 per share, respectively Adjusted gross margin growth of $7.4 million was driven [...]
Chesapeake Utilities Corporation Subsidiaries Earn American Gas Association Safety Awards
DOVER, Del. – Florida Public Utilities Company, Eastern Shore Natural Gas Company and Aspire Energy of Ohio, subsidiaries of Chesapeake Utilities Corporation (NYSE:CPK), were recognized by the American Gas Association (AGA) as top safety performers in 2022. The awards were presented at the 2023 AGA Operations Conference, which is the natural gas industry’s premier gathering of natural gas utility and transmission company operations management from across North America. Florida Public Utilities Company and Eastern Shore Natural Gas Company earned the AGA Safety Achievement Award, which is given to companies that demonstrate outstanding commitment to employee and vehicular safety. Aspire Energy of Ohio [...]
Chesapeake Utilities Corporation to Host Live Webcast During 2023 AGA Financial Forum
Dover, Delaware – The Company announced today that Jeff Householder, Chairman of the Board, president and CEO, Beth Cooper, executive vice president, CFO, treasurer and assistant corporate secretary and Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 12:50 pm EST (Eastern Standard Time) on Sunday, May 21st during the 2023 AGA Financial Forum. Webcast participants will learn about the Company’s earnings track record, the projects the Company currently has underway and other strategic initiatives which position the Company for future [...]
Chesapeake Utilities Corporation Completes Construction of New Infrastructure to Meet Growing Energy Demand in Vero Beach, Florida
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Peninsula Pipeline Company Inc. (PPC), has completed an 11.3-mile expansion that will bring additional natural gas capacity to the Vero Beach, Florida, area. PPC partnered with another third-party utility, Florida City Gas (FCG), on the project. The project, which cost approximately $10.5 million, interconnects with existing PPC infrastructure in Sebastian and extends to Vero Beach. The new facilities will transport natural gas to five new delivery points, extending service to the communities of Wabasso, Wabasso Beach, Indian River Shores, North Hutchison Island and Harbor Isles. The [...]
Chesapeake Utilities Corporation Named to Top Workplaces USA for Third Consecutive Year
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced that it is a 2023 Top Workplaces USA award recipient for mid-sized companies for the third consecutive year. “Being named a Top Workplace for the third consecutive year confirms what we at Chesapeake Utilities Corporation already know,” said Jeff Householder, president and CEO. “Our employees are engaged and focused on delivering service to customers in a way that improves communities and grows our business. We strive to make this a great place to work, a place where every employee can contribute ideas and efforts are rewarded.” “We are thrilled to again receive the [...]
Chesapeake Utilities Corporation Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida
Project Supports Continued Expansion of Wildlight Development DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it received approval from the Florida Public Service Commission to provide natural gas service to approximately 4,000 new residences and businesses in the Nassau County, Florida, Wildlight development. Florida Public Utilities (FPU), a Chesapeake Utilities subsidiary, already serves approximately 1,500 residences and commercial buildings in the 24,000-square-acre development where construction commenced in 2017. Upon its projected completion over a 10-year period, the Wildlight development will include approximately 22,000 residential units and numerous commercial businesses. “Growth in Florida continues to be strong, significantly outpacing the national [...]
