DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that the Federal Energy Regulatory Commission (FERC) has issued an order approving the Company’s proposed Del-Mar Energy Pathway Project (Docket No. CP18-548-000). The order, which was applied for in September of 2018 by Eastern Shore Natural Gas Company, Chesapeake Utilities’ interstate natural gas transmission subsidiary, approves the construction and operation of new infrastructure facilities in Kent and Sussex counties in Delaware, and Wicomico and Somerset counties in Maryland.
“Bringing natural gas to a new area results in many positive enhancements for the community, both environmental and economic,” said Jeff Sylvester, Senior Vice President for Chesapeake Utilities Corporation, responsible for the Company’s natural gas transmission and regulated distribution businesses. “Studies have shown that a project like this will create more job growth and expansion of services, particularly increased demand and additional local services.”
According to a recent study from the Regional Economic Studies Institute of Towson University, the infrastructure project would bring the following economic benefits to the region:
- Direct employment – individuals who are directly associated with the construction project
- In-direct employment – companies that benefit from increased demand and sales of their local services <