Chesapeake Utilities Sells Minority Stake In Florida Energy Pathway To NextEra Energy Resources; Financial Terms Not Disclosed
Chesapeake Utilities Corporation (NYSE: CPK), through its indirect subsidiary Peninsula Pipeline Holdings, LLC ("Peninsula"), today announced it sold a minority interest in Florida Energy Pathway (FEP), a
Chesapeake Utilities sold a smaller piece of its Florida energy pipeline project to a bigger energy company. This can mean the project is valuable enough that others want to own part of it, so it's worth watching to see if this helps Chesapeake grow.
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