Dover, DE, October 29, 2009 – Chesapeake Utilities Corporation (NYSE: CPK) and Florida Public Utilities Company (NYSE AMEX: FPU) announced today the completion of their planned merger, effective yesterday, October 28, 2009. Florida Public Utilities is now a wholly owned subsidiary of Chesapeake.

The combination creates a combined energy company serving approximately 200,000 customers (117,000 natural gas, 48,000 propane and 31,000 electric customers) in the Mid-Atlantic and Florida markets with assets totaling approximately $595 million. Chesapeake and Florida Public Utilities (FPU) recognized $291.4 million and $168.5 million in revenues, respectively, and $13.6 million and $3.5 million in net income, respectively, for 2008.

Pursuant to the merger, FPU shareholders will receive 0.405 shares of Chesapeake common stock in exchange for each outstanding share of Florida Public Utilities. Chesapeake stock will continue to trade on the New York Stock Exchange under th