Chesapeake Utilities Targets South Florida with $1.2 Billion Pipeline

The proposed infrastructure, managed by the company’s subsidiary Peninsula Pipeline Company, is designed to deliver nearly 250,000 dekatherms of natural gas per day. The project has already secured firm commitments from several investment-grade shippers, with upstream capacity supported by Florida Gas Transmission’s Phase IX expansion.

Chesapeake Utilities expects the total investment to reach approximately $1.2 billion. To manage the capital requirements, the company is actively evaluating financing strategies, including the potential sale of up to 49% of the project to third-party investors. CEO Jeff Householder noted that the initiative builds on the company's recent acquisition of Florida City Gas, positioning the firm to meet rising local demand while strengthening regional energy reliability. Further financial details regarding the project's long-term impact are expected during the company's second-quarter earnings call in August.