CPK - Florida regulator greenlights Chesapeake Utility's infrastructure expansion in Nassau

• Chesapeake Utilities ( NYSE: CPK ) on Monday said it received approval from the Florida Public Service Commission to provide natural gas service to about 4,000 new residences and businesses in the Nassau County, Florida, Wildlight development.
• Upon its projected completion over a 10-year period, the Wildlight development will include about 22,000 residential units and numerous commercial businesses.
• Chesapeake's unit Peninsula Pipeline Company will build additional upstream transmission facilities to enable FPU to expand service into the latest phase of the development.
• PPC will construct new infrastructure in two phases.
• Phase one involves the construction of three new pipeline segments, and Phase two involves the installation of two new steel pipeline segments.

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