CPK Stock Discussion

Chesapeake Utilities Corporation Description

Chesapeake Utilities Corporation, a diversified utility company, engages in the regulated and unregulated energy, and information services businesses. The company operates in three segments: Regulated Energy, Unregulated Energy, and Other. The Regulated Energy segment provides natural gas distribution services to approximately 49,639 residential and 5,320 commercial and industrial customers in Central and Southern Delaware and on Maryland's eastern shore, as well as 62,386 residential customers and 6,670 commercial and industrial customers in 21 counties in Florida; electric distribution services to 31,066 residential, commercial, and industrial customers in Florida; and natural gas transmission services to other utilities and industrial customers in Southern Pennsylvania, Delaware, and on the eastern shore of Maryland, as well as offers swing transportation and contract storage services. This segment operates a 428-mile interstate natural gas transmission pipeline. The Unregulated Energy segment offers natural gas supply and supply management services to approximately 3,189 customers in Florida and 28 customers on the Delmarva Peninsula; distributes propane to 34,837 customers throughout Delaware, the eastern shore of Maryland and Virginia, and southeastern Pennsylvania, as well as 14,475 customers in various counties in Florida; and markets propane to independent oil and petrochemical companies, wholesale resellers, and retail propane companies in the Southeastern United States. The Other segment offers information technology services and solutions for enterprise and e-business applications. The company also provides HVAC, plumbing, and electrical services to residential and commercial customers; and in-home conversion services to convert from alternative fuels to natural gas. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.

Sector: Utilities
Industry: Utilities - Regulated Gas
Keywords: Natural Gas Plumbing Propane Technology Services HVAC Distribution Services Gas Transmission Natural Gas Distribution Storage Services Information Technology Services Natural Gas Transmission Transmission Services Public Utility Alternative Fuel Supply Management Gas Transmission Pipeline Natural Gas Supply Natural Gas Distribution Services Offers Information Technology Conversion Services E Business Applications Electrical Services Retail Propane Supply Management Services