Bronx, United States, Aug 06, 2020, 11:04 /Comserve / -- Chesapeake Utilities Corporation completed the acquisition of Elkton Gas which was initially a part of South Jersey Industries (SJI).
DOVER, Del., Aug. 3, 2020 - Chesapeake Utilities Corporation completed the acquisition of Elkton Gas which was initially a part of South Jersey Industries (SJI). Elkton Gas is now the latest wholly owned subsidiary of Chesapeake Utilities after all the proposed closing conditions were satisfied. The Maryland Public Service Commission gave the final regulatory approval to Chesapeake Utilities for the acquisition.
Elkton Gas was incorporated in 1863 and provides a safe, affordable, and reliable service by distributing natural gas to around 7000 customers (both residential and commercial) within Cecil County of Maryland. Even after the acquisition, Elkton Gas will continue to operate through its already established office. The local personnel who were working with Elkton will continue to do so in their current office.
Chesapeake has two types of energy businesses – regulated and unregulated. Elkton Gas is a part of its regulated business. The regulated business includes natural gas transmission and distribution operations along with electric distribution in the Delmarva Peninsula and Florida respectively.
On the other hand, Chesapeake’s unregulated energy business mainly consists of creating natural gas infrastructures, mobile gas transportation services, distribution of propane operations, and a combined heat and power plant again in Florida at the Amelia Island.
Even though Chesapeake Utilities serves a different franchised area of Cecil County in Maryland with natural gas services, it has been managing expansion into this area from its Delaware offices. After the addition of Elkton Gas, the team and facilities will allow the entire county to be served locally right from their existing offices.
Eastern Shore Natural Gas Company, which is an interstate pipeline company, is a wholly owned subsidiary of Chesapeake Utilities Corporation. Elkton Gas has been a long-term customer of this company.
About Chesapeake Utilities
Chesapeake Utilities Corporation provides a diverse range of services in energy distribution. It works with Natural Gas transmission and distribution, mobile CNG services, and electricity distribution and generation.
About South Jersey Industries
South Jersey Industries delivers energy services to around 700,000 customers. It provides safe, reliable, and cost-effective natural gas as one of its services. They also provide fuel management services and promote efficient, clean, and renewable energy.
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