Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake”) announced today that the Florida Public Service Commission (“PSC”) has approved a $3.75 million rate increase for electric customers of Florida Public Utilities Company (“FPU”), a Chesapeake subsidiary. The PSC approved the joint recommendation of FPU and the Office of Public Counsel (“OPC”) to adopt the “Stipulation and Settlement Agreement (“Agreement”).”

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