Chesapeake seeks PSC approval for energy efficiency program

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The New York Stock Exchange welcomes Chesapeake Utilities Corporation (NYSE: CPK) in celebration of the contributions of the company's employees, its 12 straight years of superior earnings growth and total shareholder return, and over 25 years of being listed on the NYSE. Recently appointed President and CEO, Jeff Householder, joined by Chris Taylor, NYSE VP of Listings & Services, rings The Opening Bell®.
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Chesapeake Utilities Corporation has filed for approval of an energy efficiency program aimed at reducing carbon emissions in its Delaware territory.

The application was submitted to the Delaware Public Service Commission (PSC) in September. The Dover-based utility serves areas south of the C&D Canal in Delaware. Delmarva Power operates a natural gas utility north of the canal.

If approved by the Delaware PSC, Chesapeake Utilities anticipates implementing the program in the first half of 2024. The program represents the first-of-its-kind initiative focused on natural gas in Delaware.

“This energy efficiency program furthers our commitment to develop solutions to reduce the carbon footprint of our customers and our community,” stated Shane Breakie, vice president, of sustainability and organic growth Chesapeake Utilities.

The company is at the forefront of reducing emissions in Delaware and the other states within its service territories. Since 2005, the company has played a significant role in achieving a reduction of over 20% in Delaware’s emissions, aligning with the state’s environmental goals, a release stated.

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Chesapeake Utilities Corporation worked with area stakeholders to design the program to provide energy efficiency opportunities for residential, commercial and industrial customers.

“We have collaborated extensively with local agencies in the development of this program, demonstrating our shared commitment to enhancing the well-being of Delaware communities,” stated Derrick Craig, energy conservation manager, Chesapeake Utilities.

For more information about Chesapeake Utilities Corporation and its commitment to sustainability, please visit: Sustainability Reporting – Chesapeake Utilities Corporation (chpk.com)

The program comes as Chesapeake expands its natural gas system in Delaware as new homes are constructed.

At the same time, the Biden Administration has been making the case for energy-efficient fuel pumps to heat and cool homes.

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