Project Snapshot
Segment: Regulated Energy
Project Type: Pipeline Expansions
Business Unit: Eastern Shore Natural Gas (Eastern Shore)
Capital Investment: $14.1 million
Completed and In-Service: October 2023
Annualized Gross Margin: $2.3 Million
Primary Location: Bridgeville, Delaware
Project Overview
Eastern Shore invested $14.1 million to install a new state-of-the-art natural gas driven compressor unit at its existing Bridgeville, Delaware, compressor station. This new unit will facilitate the provision of an additional 7,300 dts of firm natural gas transportation pipeline capacity to Chesapeake Utilities-Delaware Division (CUC-DE), one of our natural gas distribution utilities, under a 20-year service agreement. CUC-DE requires the additional capacity to meet residential end-user growth and to meet demand throughout Delaware. The project was placed into service in the fourth quarter of 2023.
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Dover, Delaware 19901
Chesapeake Utilities Corporation (“Chesapeake Utilities”) is a diversified energy delivery company listed on the New York Stock Exchange under the ticker symbol “CPK” (NYSE:CPK). Chesapeake Utilities is not, nor has it ever been, affiliated with Chesapeake Energy Corporation.