Chesapeake Utilities Corporation announced the completion of the acquisition of Florida City Gas (FCG), which is now a wholly-owned subsidiary of the Company.

This deal is anticipated to position Chesapeake Utilities' regulated activities at around 87% of its overall business composition. The capital expenditure outlook for Chesapeake Utilities is expected to range between US$1.5 billion and US$1.8 billion for the five years concluding in 2028, marking a 65% rise from its previous plan. About 60% of the company's forthcoming five-year capital investment strategy will be directed to Florida. This allocation will cover various initiatives, including pipeline replacement programs, expansions to accommodate customer growth, and enhanced transmission capabilities to reach new developments and satisfy rising demand.