DOVER,
Del., Dec. 19, 2023 /PRNewswire/ -- Chesapeake
Utilities Corporation (NYSE: CPK) announced today that its
subsidiary, Sharp Energy, has acquired the propane operating assets
of J.T. Lee and Son's in Cape Fear, North
Carolina. Through this acquisition, Sharp Energy expands its
customer base in North Carolina,
including adding approximately 3,000 customers and distribution of
approximately 800,000 gallons of propane annually. The transaction
also includes a bulk plant with 60,000 gallons of propane storage,
enabling the Company to realize efficiencies with additional
storage capacity and overlapping delivery territories.
"We are excited to welcome J.T. Lee and Son's customers and
employees into the Sharp Energy family," said Andy Hesson, vice president, Sharp Energy. "J.T.
Lee, which has served customers for more than 60 years, will
increase our North Carolina
footprint and provide cost savings and other synergistic benefits
as a result of the expanded Wilmington service area."
About Sharp Energy
Sharp Energy distributes propane to
residential, commercial and industrial customers in Pennsylvania, Maryland, Delaware, Virginia, North
Carolina, South Carolina
and Florida and maintains local
offices in the areas served to better support customers and
communities where we operate. Sharp Energy is a proud partner of
Alliance AutoGas, a national network of companies that have joined
together to deliver a comprehensive alternative fueling solution
including EPA-certified propane AutoGas vehicle conversions,
on-site fueling infrastructure, fuel supply, safety and operational
training, and ongoing technical support. To learn more about Sharp
Energy, visit www.sharpenergy.com.
About Chesapeake Utilities Corporation
Chesapeake
Utilities Corporation is a diversified energy delivery company,
listed on the New York Stock Exchange. Chesapeake Utilities
Corporation offers sustainable energy solutions through its natural
gas transmission and distribution, electricity generation and
distribution, propane gas distribution, mobile compressed natural
gas utility services and solutions and other businesses. For more
information, visit www.chpk.com.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
For more information,
contact:
Brianna Patterson
Manager, Public Relations and Strategic Communications
419-314-1233
bpatterson@chpk.com
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SOURCE Chesapeake Utilities Corporation