Chesapeake Utilities Corp
CPK
Utilities
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Chesapeake Utilities Corporation operates a regulated natural gas distribution utility serving approximately 113,000 customers across Delaware, Maryland, and Florida. The company’s core business is the transportation and delivery of fossil fuel through its owned and operated pipeline infrastructure. Its operations include maintaining contracts for natural gas transportation and storage, and it has historically invested in expanding this pipeline network to serve new customers.
While Chesapeake Utilities is a regulated distributor, not a producer, its entire business model is predicated on the continued combustion of fossil natural gas. The company’s 2026 Form 10-K acknowledges that a transition away from fossil fuels would “impact demand for our products and services.” Despite this recognized risk, there is no public evidence of a substantive, funded plan to transition its infrastructure away from fossil gas or to phase out its core distribution business in alignment with climate targets.
Chesapeake Utilities Corporation is a natural gas distribution utility serving approximately 315,000 customers across Delaware, Maryland, and Florida. Its core business involves the operation of natural gas pipelines and distribution infrastructure, which carries inherent risks of environmental contamination.
The company has been implicated in environmental damage through its operations. In one legal proceeding, Chesapeake Utilities Corp. was involved in litigation concerning environmental response costs at a site in Maryland, with the court record indicating unresolved liability for remediation. Furthermore, a subsidiary of the company's former corporate affiliate, Chesapeake Energy, agreed to a $1.9 million fine in 2021 for wetlands violations in Pennsylvania related to gas extraction facility construction. A separate 2013 settlement by Chesapeake Appalachia LLC addressed Clean Water Act violations tied to natural gas extraction activities, including unauthorized discharges into waterways. These incidents, associated with the broader natural gas supply chain upon which the utility depends, demonstrate a pattern of operational impacts on wetlands and water resources.
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