EXHIBIT 12

Chesapeake Utilities Corporation

Ratio of Earnings to Fixed Charges

	For the Year Ended December 31,
	2013		2012		2011		2010		2009 (a)
(in thousands, except ratio of earnings to fixed charges)
Income from continuing operations	$	32,787	$	28,863	$	27,622	$	26,056	$	15,897
Add:
Income taxes	22,085		19,296		17,989		16,923		10,918
Portion of rents representative of interest factor	542		464		363		356		333
Interest on indebtedness	8,202		8,707		8,954		9,090		7,042
Amortization of debt discount and expense	33		40		46		56		43
Capitalized interest (allowed funds used during construction)	131		111		25		1		41
Earnings as adjusted	$	63,780	$	57,481	$	54,999	$	52,482	$	34,274
Fixed Charges
Portion of rents representative of interest factor	$	542	$	464	$	363	$	356	$	333
Interest on indebtedness	8,202		8,707		8,954		9,090		7,042
Amortization of debt discount and expense	33		40		46		56		43
Capitalized interest (allowed funds used during construction)	131		111		25		1		41
Fixed Charges	$	8,908	$	9,322	$	9,388	$	9,503	$	7,459
Ratio of Earnings to Fixed Charges	7.16		6.17		5.86		5.52		4.59

(a) Includes the results from the merger with Florida Public Utilities Company, which became effective on October 28, 2009.