8-K

United States
Securities and Exchange Commission

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 17, 2010

Chesapeake Utilities Corporation

(Exact name of registrant as specified in its charter)

Delaware	001-11590	51-0064146
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)

909 Silver Lake Boulevard, Dover, Delaware 19904

(Address of principal executive offices, including Zip Code)

(302) 734-6799

(Registrant’s Telephone Number, including Area Code)

(Former name, former address and former fiscal year, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure.

Chesapeake Utilities Corporation, a Delaware corporation (the “Company”), will be meeting with analysts, investors and other members of the financial community at the American Gas Association’s Financial Forum in Palm Beach, Florida on Monday and Tuesday, May 17-18, 2010. At these meetings, the Company will make a presentation, which will include a business update and overview of the Company. Copies of the slide presentation materials and fact sheet that will be distributed at these meetings are furnished as Exhibits 99.1 and 99.2, respectively, to this report.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1 — Chesapeake Utilities Corporation slide presentation materials dated May 17, 2010.

Exhibit 99.2 — Chesapeake Utilities Corporation fact sheet dated May 17, 2010.

This Form 8-K and the exhibits hereto contain “forward-looking statements” that are subject to various assumptions, risks and uncertainties These statements should be read in conjunction with the “Forward-Looking Statements” section in the Company’s Form 10-K for the fiscal year ended December 31, 2009 and Form 10-Q for the quarter ended March 31, 2010 (which sections are incorporated herein by reference), and in conjunction with other SEC reports filed by the Company that discuss important factors that could cause the Company’s actual results to differ materially from those anticipated in such statements.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Chesapeake Utilities Corporation

/s/ Beth W. Cooper Beth W. Cooper

Senior Vice President and Chief Financial Officer

Date: May 17, 2010

EX-99.1

Exhibit 99.1

Chesapeake Utilities Corporation AGA Financial ForumMay 17-18, 2010

2 Forward Looking Statements Safe Harbor StatementSome of the Statements in this document concerning future company performance will be forward-looking within the meanings of the securities laws. Actual results may materially differ from those discussed in these forward-looking statements, and you should refer to the additional information contained in Chesapeake Utilities Corporation's 2009 Form 10-K filed with the SEC and our other SEC filings concerning factors that could cause those results to be different than contemplated in today's discussion.REG G DisclosureToday's discussion includes certain non-GAAP financial measures as defined under SEC Regulation G. Although non-GAAP measures are not intended to replace the GAAP measures for evaluation of Chesapeake's performance, Chesapeake believes that the portions of the presentation, which include certain non-GAAP financial measures, provide helpful comparison for an investor's evaluation purposes.Gross MarginGross Margin is determined by deducting the cost of sales from operating revenue. Cost of sales includes the purchased fuel cost for natural gas, electric and propane distribution operations and the cost of labor spent on different revenue-producing activities. Other companies may calculate gross margin in a different manner.Net Income Excluding Merger Costs and FPU ResultsCertain net income information excludes all merger-related costs incurred in connection with the FPU merger from net income as reported in accordance with GAAP. Certain other net income information further excludes the result of operations of FPU for the period from the merger closing (October 28, 2009) to December 31, 2009 from net income as reported in accordance with GAAP.In addition, certain information is presented, which includes operating statistics of FPU prior to the merger with Chesapeake.

3 Generating Solid Results... Delivering Superior Value Organic GrowthExpand our natural gas and electric distribution and transmission services into new geographic areas within our current service territories and beyondExpand our propane distribution business by leveraging our community gas system strategy and our bulk delivery expertisePursue other organic growth opportunities that generate returns equal to or greater than our cost of capital Our strategy is to grow earnings from a stable utility foundation and invest in related businesses and services that provide opportunities for returns greater than traditional regulated returns. AcquisitionsPursue strategic acquisitions Efficiencies and Performance ImprovementEnhance marketing and communication channels to attract new customers and provide reliable and responsive customer service to existing customersUtilize expertise across our various businesses to improve overall performance Financial StrategyMaintain a capital structure that enables us to access attractively priced capitalMaintain a consistent and competitive dividend

4 2009 Net Income and Earnings Per Share Growth Record Net IncomeOne-year growth rate of 16.8% (19.8% excluding merger costs)Five-year growth rate (annual compound growth rate) of 10.4% (12.1% excluding merger costs) 5.6% EPS and 10.4% NI Diluted EPS Diluted EPS Reported $2.15 Excluding Merger Costs $2.31 Record Earnings Per Share One-year growth rate of 8.6% (11.2% excluding merger costs)Five-year growth rate (annual compound growth rate) of 5.6% (7.1% excluding merger costs)

5 First Quarter 2010 versus 2009 Earnings Record Net Income and EPS growth of 63% and 18.5%, respectivelyChesapeake's standalone earnings and EPS grew 11% and 9%, respectively, over 2009 For the quarter ended March 31, (in thousands except per share amounts) 2010 2009 Change Operating Income Regulated 17,516 $ 9,497 $ 8,019 $ Unregulated 7,760 6,592 1,168 Other 122 (123) 245 Total Operating Income 25,398 15,966 9,432 Other Income Net of Other 115 33 82 Interest Charges 2,363 1,642 721 Income Before Taxes 23,150 14,357 8,793 Income Taxes 9,176 5,764 3,412 Net income 13,974 $ 8,593 $ 5,381 $ Diluted Earnings Per Share 1.47 $ 1.24 $ 0.23 $

6 Our Profile (CHART) (CHART) Note: Customer data reflects 3 months ended March 31, 2010. (CHART)

7 Increased Scale and Scope Increased Scale and Scope

8 Business Structure Electric DistributionFlorida Public Utilities Company Regulated, 89% Unregulated, 9%

Natural Gas Distribution Delmarva Customer Growth 9 2009 Industrial Customer Additions Delaware Technical and Community College Campus Local Hospital Various Manufacturing Plants

10 Natural Gas Distribution Delmarva Recent Developments On March 15, 2010, Delmarva Natural Gas operation signed an agreement with MountaireProvides natural gas service to a poultry processing plant in Millsboro, DEAnticipated annual margin to equate to approximately 850 average residential customersService is expected to begin mid yearOne step closer to reaching the beach with natural gas On April 8, 2010 executed a new precedent agreement pursuant to which we will secure 40,000 dekatherms of natural gas by 2012 from TETCO's TEAM ProjectGas will originate in the Rockies and the Marcellus Shale areaRepresents opportunity to increase supply diversity and reliabilityEnables to further grow and meet customer demand Mountaire Farms TETCO

11 Natural Gas Distribution Florida Accomplishments Successfully settled two rate casesCFG received approval for $2.5 million in new revenueFPU received approval for an $8 million increaseCFG completed a 10-mile distribution system expansion in Citrus and Hernando Counties CFG received FPSC approval to implement a pilot program aimed at promoting renewable energy - solar water heaters backed up by natural gasFPU's central Florida operations converted 6 schools from propane to natural gas

Natural Gas Transmission Growth *Represents annualized revenues. 12 137% increase 2009 Accomplishments 2010 Opportunities 2009 expansion completed 2010 expansion project Contracts with Valero executed Interconnection with Texas Eastern

13 Propane Distribution and Marketing - Executing in all three areas Propane Distribution and Marketing - Executing in all three areas Successful Acquisition of Virginia LP Gas resulting in 1,000 customers added Continued to grow our CGS Systems 390 CGS customers added in 2010 Successful marketing programs Volatility in the Propane Market benefits Xeron Combined operations in Florida

14 Natural Gas Marketing - Building on its foundation Key 2009 Accomplishments Growth on the Delmarva PeninsulaService to the Valero refineryAutomation of manual processes

15 Advanced Information Services Key 2009 AccomplishmentsLooking for recurring revenue opportunitiesImplemented cost containment practicesStreamlined existing processesEnhanced employees' technical skills

16 Status of the Merger Integration Status of the Merger Integration

17 Return on Equity Our returns have been impressive despite pressure on the regulated side to reduce allowable returns.

(in thousands) Capital Expenditures 18 We have invested $170 million in capital expenditures over the last five years and are projected to invest an additional $53.9 million in capital expenditures in 2010.

Total Capitalization 19 Equity/Permanent Capitalization 57.0% 58.5% 62.8% 56.9% 61.0% Equity/Total Capitalization 46.0% 51.1% 50.6% 49.4% 56.1% We are strongly capitalized and not highly leveraged, enabling us to make the capital investments to continue to capture new growth.

20 Balance Sheet Strength Committed to:Solid equity capitalizationTarget is 50-60%; we are on target.Strong liquidityTotal short-term debt capacity of approximately $130 million at competitively priced rates; $100 million availableRedeemed two of five FPU series of first mortgage bonds at more attractive terms and conditions; plans in place to redeem two additional seriesAccess to capital at competitive pricesStrong equity capitalization, liquidity and access to capital support our growth strategy

Competitive and Consistent Dividend 21 Future dividends are at the discretion of the Board and are based upon achieved and expected earnings growth

22 Generating Increased Shareholder Value Our shareholders have experienced solid returns on their Chesapeake investmentsThe strategic combination of Chesapeake and Florida Public Utilities Company adds value for our shareholders and increases opportunities for our customers, employees and the communities we serveChesapeake has performed well relative to its peers and the broader market Growth in Investment Growth in Earnings Growth in Dividend and Shareholder Value

Demonstrated Results - Increased Shareholder Value 23 Over the last ten years, our market capitalization has grown by over 200 percent. Most recently, our merger with FPU increased our market capitalization by $76 million.

25 Future Growth Drivers Sustain above average residential customer growth on Delmarva Pursue opportunities to add new commercial and industrial customers that enhance growth Implement approved natural gas rate cases Possible ESNG system expansions to meet customer growth Execution of Community Gas System strategy Possible expansions to new areas in and beyond current service territories Sustain propane margins Restore profitability of BravePoint Execution of merger integration plan

Organic Growth. Right on Target. Acquisitions. Performance Improvements. Efficiencies. Increased Shareholder Value. Enhanced Earnings.

Chesapeake Utilities Corporation Appendices

28 Chesapeake Historical & Pro Forma Quarterly Information Please see footnotes to Historical Quarterly & Pro-Forma Quarterly information on page 30.

29 FPU Historical & Pro Forma Quarterly Information Please see footnotes to Historical Quarterly & Pro-Forma Quarterly information on page 30.

30 Footnotes to Historical & Pro Forma Quarterly Data Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison pu rposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for comparison purposes, the following items: Certain net income and earnings per share information is presented, which excludes for c omparison purposes, the following items: - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operati ons of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesap eake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to consummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Transaction costs - the costs to co nsummate the merger between Chesapeake and FPU and integrate operations of the two companies following the merger, which have been expensed; - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension cur tailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-tim e charge related to curtailment of FPU's pension plan; and - Pension curtailment - the one-time charge related to curtailment of FPU's pension plan; and - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above it ems. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. - Income tax effect - income tax effect of the above items. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information , which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP finan cial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an altern ative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determine d in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Net income and earnings per share information, which excludes the above items, are non-GAAP financial measures and should not be considered an alternative to net income and earnings per share determined in accordance with GAAP. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been conve rted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stoc k to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented hav e been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, w hich represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to th e average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. Also for comparison purposes, FPU's average shares outstanding for all periods presented have been converted using the conversion ratio of 0.405, which represents the exchange ratio for each share of FPU common stock to Chesapeake common stock at the merger. FPU's earnings per share information for all periods presented have been computed using this conversion to the average outstanding shares. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflec ts the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating income by segment for all periods presented reflects the new segments. As a result of the merger with FPU, Chesapeake changed its operating segments. Chesapeake's operating in come by segment for all periods presented reflects the new segments. Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 20 09 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effe ctive date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeak e's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). Chesapeake's results for the fourth quarter of 2009 include the results of FPU's operations from the effective date of the merger (October 28, 2009). FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FP U did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period. FPU did not file a Form 10-Q for the third quarter of 2009 and did not issue a press release to announce its quarterly results for the period.

EX-99.2

Exhibit 99.2

Growth &Income: C related businesses and services that provide opportunities to achievehesapeake Utilities Corporation is a diversified utility focused ongrowing earnings from a stable utility foundation and investing in returns greater than traditional utility returns. Headquartered in Dover, Delaware, Chesapeake serves approximately 200,000 customers through its regulated energy, unregulated energy and other segments. Company Profile: Regulated Energy — Chesapeake’s regulated energy businesses include natural gas distribution operations in Delaware, Maryland and Florida, natural gas transmission operations on the Delmarva Peninsula and in Florida, and electric distribution operations in Florida. Unregulated Energy — Chesapeake’s unregulated energy businesses include its natural gas distribution marketing subsidiary, its propane distribution operations on the Delmarva Peninsula and in Florida, and its propane wholesale marketing subsidiary based in Houston, Texas.

FinancialHighlights: 2 1,2 2 * Amounts are from continuing operations. 1 The Company began providing electric distribution service effective with the FPU merger consummated on October 28, 2009. 2 Includes FPU’s customers as of the end of the year and Chesapeake’s average customers.

Growth &Income: Chesapeake and FPU Merger Highlights Future Growth Drivers Sustain above average residential customer growth on Six months from announcement date to Delmarva. closing date. Pursue opportunities to add new commercial and Added approximately 100,000 energy industrial customers that enhance growth. distribution customers. Implementation of approved natural gas rate increases. Merger integration going very well: Possible expansions to new areas in and beyond current COMPLETED service territories. Consolidation of substantially all of the Florida Possible Eastern Shore Natural Gas Company system propane distribution operations expansions to meet customer growth. Integration of the key corporate functions Execution of CGS strategy and propane wholesale division growth. Implemented various operational synergies Payoff of FPU short-term debt Continued market opportunities for Xeron and PESCO. Partial redemption of FPU long-term debt at more Sustain propane margins. attractive terms and conditions Restore profitability of BravePoint^® IN PROCESS Execution of merger integration plan. Roll-out and implementation of CPK strategic planning process Policies and procedures review on the operations side Accounting conversion in mid-2010 Conversion of CFG customers to FPU billing system. FPU contributed 32% of consolidated operating income and net income for First Quarter 2010. Raised expectation to accretive in 2010. Will be filing to pursue recovery of acquisition premium in Florida. Comeback filing required in April 2011

OurBusinesses: Regulated Energy: Chesapeake Utilities — The Company’s natural gas distribution operations serve approximately 51,900 residential, commercial and industrial customers in Delaware and Maryland. The Delaware division serves southern New Castle County and is the only natural gas distribution system serving Delaware’s Kent and Sussex Counties. The Maryland division operates the only natural gas distribution system, with the exception of one municipal system, on Maryland’s Eastern Shore. Central Florida Gas — The Company’s Florida natural gas distribution operation provides service to 14,500 residential, commercial and industrial customers in 14 counties. Florida Public Utilities Company — The Company’s newest acquisition, provides natural gas service to 51,100 residential, commercial and industrial customers in seven counties not served by Central Florida Gas. In addition, FPU distributes electricity to approximately 31,000 customers in five counties throughout northeast and northwest Florida. Eastern Shore Natural Gas Company — The Company’s natural gas transmission subsidiary receives natural gas from two upstream interstate pipeline systems in southeastern Pennsylvania. The pipeline transports and delivers natural gas through 384 miles of transmission pipeline to the Company’s Delaware and Maryland divisions as well as four additional non-affiliated local distribution companies, three electric generation customers and 12 industrial customers located in Delaware, the Eastern Shore of Maryland and Pennsylvania. It is the only transmission pipeline south of the Chesapeake and Delaware Canal. Peninsula Pipeline Company, Inc. — The Company’s intrastate pipeline subsidiary, was formed in 2005 to provide natural gas transmission services to industrial customers in Florida. Unregulated Energy: Sharp Energy, Inc. — The Company’s propane distribution subsidiary provides service to approximately 48,700 residential, commercial and industrial customers in Delaware, Maryland, Virginia, Pennsylvania and Florida. Within our propane distribution operations, we market Community Gas Systems™ which can serve an entire subdivision or business with propane gas service from a central fuel storage facility trough looped gas mains, very similar to natural gas systems. Peninsula Energy Services Company, Inc. — The Company’s natural gas marketing subsidiary serves approximately 2,100 customers in Delaware, Maryland and Florida. Xeron, Inc. — The Company’s propane wholesale marketing subsidiary markets propane to large, independent oil and petrochemical companies, wholesalers, propane distributors, pipeline companies and other trading partners primarily in the southeastern region of the U.S. Other: BravePoint^®, Inc.—Headquartered in Norcross, Georgia, the Company’s technology business provides domestic and international customers with a comprehensive suite of technology-related business services and solutions, including managed database administration services, consulting, training and application development for both enterprise and e-business applications. For More Information: Beth W. Cooper, Senior Vice President, Chief Financial Officer, Treasurer & Corporate Secretary 302.734.6022 z bcooper@chpk.com Visit www.chpk.com for our latest news and financial information. 909 Silver Lake Boulevard, Dover, DE 19904 Telephone: 302.734.6799 z Fax: 302.734.6750 z www.chpk.com

First Quarter2010: Highlights Income Statement Data for the Periods Ended March 31, 2010 & 2009 Record Net Income and EPS growth of 63% and (in thousands, except shares and per share data) 18.5%, respectively. Chesapeake’s standalone earnings and EPS grew 11% and 9%, respectively, over 2009. FPU contributed 32% of net income and EPS of the total results. Chesapeake’s CFG division generated increased margin of $600,000 due to new rates. New natural gas distribution, residential, commercial and industrial growth on the Delmarva Peninsula added $443,000 in margin. ESNG’s recent expansions and new services added $323,000 to margin. We entered into a Precedent Agreement with Texas Eastern Transmission, LP (TETLP”), to secure firm transportation service from TETLP to gain access to new supplies of natural gas. Our Delaware division signed an agreement with a Mountaire poultry plant to provide new service equal to approximately 850 average residential heating customers. We have redeemed two series of FPU bonds achieving interest savings. Operating Statistics Share Data * * Does not include the seasonal impact of FPU’s results for seven months. 909 Silver Lake Boulevard, Dover, DE 19904 Telephone: 302.734.6799 z Fax: 302.734.6750 z www.chpk.com

First Quarte2r0 10: Highlights 909 Silver Lake Boulevard, Dover, DE 19904 Telephone: 302.734.6799 ?? Fax: 302.734.6750 ?? www.chpk.com Share Data Record Net Income and EPS growth of 63% and 18.5%, respectively. Chesapeake’s standalone earnings and EPS grew 11% and 9%, respectively, over 2009. FPU contributed 32% of net income and EPS of the total results. Chesapeake’s CFG division generated increased margin of $600,000 due to new rates. New natural gas distribution, residential, commercial and industrial growth on the Delmarva Peninsula added $443,000 in margin. ESNG’s recent expansions and new services added $323,000 to margin. We entered into a Precedent Agreement with Texas Eastern Transmission, LP (TETLP”), to secure firm transportation service from TETLP to gain access to new supplies of natural gas. Our Delaware division signed an agreement with a Mountaire poultry plant to provide new service equal to approximately 850 average residential heating customers. We have redeemed two series of FPU bonds achieving interest savings. Income Statement Data for the Periods Ended March 31, 2010 & 2009 (in thousands, except shares and per share data) Operating Statistics * Does not include the seasonal impact of FPU’s results for seven months. * 909 Silver Lake Boulevard, Dover, DE 19904 Telephone: 302.734.6799 ?? Fax: 302.734.6750 ?? www.chpk.com FinanHciigahl lights: 16.28 17.40 17.41 16.42 15.13 14.06 2004 2005 2006 2007 2008 2009 Price-Earnings Ratio (at year end) Adjusted Peer Group** For the most recent three years, Chesapeake’s compound annual growth rate was 9.01% versus the adjusted peer group’s compound annual growth rate of 3.50%. Despite the economic slowdown, we have captured new commercial and industrial growth opportunities to further grow earnings. We have been growing our dividend over the last five years at a rate greater than the average of the adjusted peer group. 2004 peer data excludes one-time dividend for RGCO upon the sale of its propane business. We have been paying a consistent growing dividend while also investing in the growth of our business. In the last two years, our stock has traded at a discount relative to the adjusted peer group despite achieving above average earnings growth and continued dividend growth. * CPK annual growth rate based upon Bloomberg’s Diluted EPS From Continuing Ops calculations. ** Adjusted Peer Group consists of the Edward Jones Distribution Group excluding one public company that has a shareholder with a 39.9% ownership. *** 2009 was based upon a weighted monthly average of stockholders’ equity. **