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1. The Chesapeake Utilities Corporation was founded in 1859 as the Salisbury Gas Light Company in Salisbury, Maryland. It operated as a gas lighting business for more than 100 years before branching out into other areas of utility services.
2. Today, the company has operations in six states including Maryland, Delaware, Florida, Ohio, Pennsylvania, and Virginia.
3. The Chesapeake Utilities Corporation provides a wide range of utility services including natural gas distribution, propane distribution, electric distribution, and energy-related products and services.
4. In 2019, the company celebrated its 160th anniversary and was recognized as one of the oldest continuously operating utility companies in the United States.
5. Chesapeake Utilities is the parent company of Chesapeake Utilities, Eastern Shore Natural Gas, Peninsula Pipeline, Chesapeake Utilities Energy Marketing, PESCO, and many other subsidiaries.
6. The company is committed to using renewable energy sources, and in 2018, it launched a partnership to develop solar energy projects at its facilities.
7. Chesapeake Utilities has been recognized for its commitment to diversity and inclusion. In 2020, the company received the Diversity and Inclusion Champion award from the Social Responsibility Division of the National Association of Women Business Owners.
8. The company is actively involved in community service and charitable initiatives. Chesapeake Utilities has partnered with organizations such as Habitat for Humanity, the American Red Cross, and the United Way to help those in need.
9. In 2019, the company was listed as one of Fortune Magazine’s 100 Fastest-Growing Companies in America, ranking #63 on the list.
10. Chesapeake Utilities has a strong focus on maintaining a sustainable and environmentally responsible business. It has been recognized by the Department of Natural Resources for its conservation and sustainability efforts.
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Chesapeake Utilities 
Energy / Utilities and Energy Services
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Chesapeake Utilities is a diversified energy company based in Dover, Delaware. It provides natural gas distribution, transmission and marketing services, propane gas distribution, electric generation and distribution, and other related services. The company serves customers in Delaware, Maryland, Virginia, Florida and Ohio.
The origins of Chesapeake Utilities can be traced back to the early 1900s, when the Eastern Shore Gas Company began providing natural gas service to customers in Salisbury, Maryland. In 1947, the company changed its name to Chesapeake Utilities Corporation and began expanding its services to other locations in Delaware, Maryland and Virginia.
Today, Chesapeake Utilities operates through its various subsidiary companies, including Chesapeake Utilities, Sandpiper Energy, Peninsula Energy Services Company, Eastern Shore Natural Gas Company, Florida Public Utilities Company, and Sharp Energy.
In addition to its primary energy businesses, Chesapeake Utilities also operates a propane cylinder exchange service, owns and operates propane terminals, and provides heating, ventilation, air conditioning, and refrigeration services through its subsidiary Sharp Energy.
The company is committed to sustainable and responsible business practices, and has received numerous awards and accolades for its environmental stewardship and commitment to diversity and inclusion. Chesapeake Utilities is also actively involved in community outreach and philanthropy through its charitable foundation and employee volunteer programs.
In recent years, Chesapeake Utilities has made significant investments in renewable energy and sustainable technologies, including natural gas vehicle fueling stations, electric vehicle charging infrastructure, and solar panel projects. The company continues to grow and develop, with a focus on meeting the energy needs of its customers while also promoting environmental responsibility.
The origins of Chesapeake Utilities can be traced back to the early 1900s, when the Eastern Shore Gas Company began providing natural gas service to customers in Salisbury, Maryland. In 1947, the company changed its name to Chesapeake Utilities Corporation and began expanding its services to other locations in Delaware, Maryland and Virginia.
Today, Chesapeake Utilities operates through its various subsidiary companies, including Chesapeake Utilities, Sandpiper Energy, Peninsula Energy Services Company, Eastern Shore Natural Gas Company, Florida Public Utilities Company, and Sharp Energy.
In addition to its primary energy businesses, Chesapeake Utilities also operates a propane cylinder exchange service, owns and operates propane terminals, and provides heating, ventilation, air conditioning, and refrigeration services through its subsidiary Sharp Energy.
The company is committed to sustainable and responsible business practices, and has received numerous awards and accolades for its environmental stewardship and commitment to diversity and inclusion. Chesapeake Utilities is also actively involved in community outreach and philanthropy through its charitable foundation and employee volunteer programs.
In recent years, Chesapeake Utilities has made significant investments in renewable energy and sustainable technologies, including natural gas vehicle fueling stations, electric vehicle charging infrastructure, and solar panel projects. The company continues to grow and develop, with a focus on meeting the energy needs of its customers while also promoting environmental responsibility.
What is special about the company?
There are several things that could be considered special about Chesapeake Utilities:
1. Longevity: The company was founded in 1859, making it one of the oldest natural gas companies in the United States.
2. Diversified Operations: Chesapeake Utilities is not only involved in natural gas distribution, but also operates propane and electricity distribution businesses, as well as providing energy-related services.
3. Service Area: The company primarily serves customers in Delaware, Maryland, and Pennsylvania, but also has operations in other states such as Florida and Ohio.
4. Commitment to Sustainability: Chesapeake Utilities is committed to investing in renewable and sustainable energy sources. In 2020, over 40% of the company's energy portfolio came from renewable sources.
5. Community Involvement: The company has a strong focus on giving back to the communities it serves through philanthropy and volunteerism.
6. Employee Development: Chesapeake Utilities values employee development and offers various training and development programs to support personal and professional growth.
7. Strong Financial Performance: The company has consistently shown strong financial performance, with increasing revenues and profits over the years.
8. Customer Satisfaction: Chesapeake Utilities has a reputation for providing efficient and reliable service to its customers, with high levels of customer satisfaction.
9. Corporate Responsibility: The company is committed to operating in an ethical and socially responsible manner, with a focus on safety, compliance, and transparent reporting.
10. Industry Leadership: Chesapeake Utilities is recognized as a leader in the natural gas industry, with multiple awards and accolades for its operations and services.
1. Longevity: The company was founded in 1859, making it one of the oldest natural gas companies in the United States.
2. Diversified Operations: Chesapeake Utilities is not only involved in natural gas distribution, but also operates propane and electricity distribution businesses, as well as providing energy-related services.
3. Service Area: The company primarily serves customers in Delaware, Maryland, and Pennsylvania, but also has operations in other states such as Florida and Ohio.
4. Commitment to Sustainability: Chesapeake Utilities is committed to investing in renewable and sustainable energy sources. In 2020, over 40% of the company's energy portfolio came from renewable sources.
5. Community Involvement: The company has a strong focus on giving back to the communities it serves through philanthropy and volunteerism.
6. Employee Development: Chesapeake Utilities values employee development and offers various training and development programs to support personal and professional growth.
7. Strong Financial Performance: The company has consistently shown strong financial performance, with increasing revenues and profits over the years.
8. Customer Satisfaction: Chesapeake Utilities has a reputation for providing efficient and reliable service to its customers, with high levels of customer satisfaction.
9. Corporate Responsibility: The company is committed to operating in an ethical and socially responsible manner, with a focus on safety, compliance, and transparent reporting.
10. Industry Leadership: Chesapeake Utilities is recognized as a leader in the natural gas industry, with multiple awards and accolades for its operations and services.
What the company's business model?
Chesapeake Utilities is a diversified energy company that provides natural gas distribution, transmission, and supply; propane distribution and supply; and other services related to natural gas and electricity. The company’s business model is focused on delivering safe, reliable, and affordable energy products and services to residential, commercial, and industrial customers in the Mid-Atlantic and Florida regions.
The company's primary business segments include natural gas distribution, regulated transmission and distribution of natural gas in Delaware, Maryland and Florida; propane distribution, the sale of propane to residential and commercial customers in Delaware, Maryland and Virginia; and combined natural gas and electricity sales to commercial and industrial customers in select geographic areas in Florida.
Chesapeake Utilities also has non-regulated operations that include its propane sales and services operations in Pennsylvania, Virginia, and surrounding states; natural gas marketing and natural gas supply activities; and the operation of energy-related businesses in Johnston Island and St. Croix, the US Virgin Islands. These non-regulated operations provide additional revenue and diversification for the company.
Additionally, the company has a strong focus on customer service and maintaining positive relationships with its customers, as well as promoting energy conservation and environmental sustainability initiatives. Chesapeake Utilities also pursues growth opportunities through expansion into new markets and acquisitions.
Overall, the company's business model is designed to provide a stable and diverse revenue stream while meeting the energy needs of its customers and promoting long-term growth and sustainability.
The company's primary business segments include natural gas distribution, regulated transmission and distribution of natural gas in Delaware, Maryland and Florida; propane distribution, the sale of propane to residential and commercial customers in Delaware, Maryland and Virginia; and combined natural gas and electricity sales to commercial and industrial customers in select geographic areas in Florida.
Chesapeake Utilities also has non-regulated operations that include its propane sales and services operations in Pennsylvania, Virginia, and surrounding states; natural gas marketing and natural gas supply activities; and the operation of energy-related businesses in Johnston Island and St. Croix, the US Virgin Islands. These non-regulated operations provide additional revenue and diversification for the company.
Additionally, the company has a strong focus on customer service and maintaining positive relationships with its customers, as well as promoting energy conservation and environmental sustainability initiatives. Chesapeake Utilities also pursues growth opportunities through expansion into new markets and acquisitions.
Overall, the company's business model is designed to provide a stable and diverse revenue stream while meeting the energy needs of its customers and promoting long-term growth and sustainability.
Interesting facts about the company
1. The Chesapeake Utilities Corporation was founded in 1859 as the Salisbury Gas Light Company in Salisbury, Maryland. It operated as a gas lighting business for more than 100 years before branching out into other areas of utility services.
2. Today, the company has operations in six states including Maryland, Delaware, Florida, Ohio, Pennsylvania, and Virginia.
3. The Chesapeake Utilities Corporation provides a wide range of utility services including natural gas distribution, propane distribution, electric distribution, and energy-related products and services.
4. In 2019, the company celebrated its 160th anniversary and was recognized as one of the oldest continuously operating utility companies in the United States.
5. Chesapeake Utilities is the parent company of Chesapeake Utilities, Eastern Shore Natural Gas, Peninsula Pipeline, Chesapeake Utilities Energy Marketing, PESCO, and many other subsidiaries.
6. The company is committed to using renewable energy sources, and in 2018, it launched a partnership to develop solar energy projects at its facilities.
7. Chesapeake Utilities has been recognized for its commitment to diversity and inclusion. In 2020, the company received the Diversity and Inclusion Champion award from the Social Responsibility Division of the National Association of Women Business Owners.
8. The company is actively involved in community service and charitable initiatives. Chesapeake Utilities has partnered with organizations such as Habitat for Humanity, the American Red Cross, and the United Way to help those in need.
9. In 2019, the company was listed as one of Fortune Magazine’s 100 Fastest-Growing Companies in America, ranking #63 on the list.
10. Chesapeake Utilities has a strong focus on maintaining a sustainable and environmentally responsible business. It has been recognized by the Department of Natural Resources for its conservation and sustainability efforts.
See Company Due Diligence:
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