Chesapeake Utilities Corporation
is a publicly held American
energy services company focusing on distribution of natural gas
in the Delaware
. The corporate headquarters are located in Dover, Delaware
. In Delaware, the company operates the only natural gas distribution system in Kent
Counties. The company serves all consumer types in Delaware and Maryland, but markets primarily to commercial and industrial customers in Florida, where it operates as Peninsula Energy Services Company, Inc.
The Dover Gas and Light Company
was formed in 1859
. This company was incorporated
in Delaware in 1947
as Chesapeake Utilities Corporation and has made at least thirteen corporate acquisitions since that time. Trading of common stock on the NASDAQ Exchange
(formerly traded as CHPK
) began in 1985 and on the New York Stock Exchange
(currently traded as CPK
) in 1993.
The company is involved in a number of other businesses through wholly owned subsidiaries
. The subsidiary Eastern Shore Natural Gas Company
conducts natural gas transmission operations in Pennsylvania
, while subsidiaries Sharp Energy
are involved in propane distribution to all customer types. In addition, subsidiary BravePoint
provides information-technology business services.
The President and Chief Executive Officer
(CEO) is John R. Schimkaitis, who has held this position since 1999 (President since 1997). Presidents exist for each of the four subsidiaries Sharp Energy, Xeron, BravePoint
and OnSight Energy. The Chief Operating Officer
was Paul M. Barbas, who held this position from 2003 until 2006. Paul left Chesapeake to become CEO of Dayton Power and Light in 2006.
Information was obtained from multiple parts of the company website:Staff Chesapeake Utilities Corporation corporate web site
. (2006). Retrieved on 2006-09-01..