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Segment Information
 12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Segment Information SEGMENT INFORMATION
We use the management approach to identify operating segments. We organize our business around differences in regulatory environment and/or products or services, and the operating results of each segment are regularly reviewed by the chief operating decision maker (our Chief Executive Officer) in order to make decisions about resources and to assess performance.
Our operations are entirely domestic and are comprised of two reportable segments:
•Regulated Energy. Includes energy distribution and transmission services (natural gas distribution, natural gas transmission and electric distribution operations). All operations in this segment are regulated, as to their rates and services, by the PSC having jurisdiction in each operating territory or by the FERC in the case of Eastern Shore.
•Unregulated Energy. Includes energy transmission, energy generation (the operations of our Eight Flags' CHP plant), propane operations, and mobile compressed natural gas distribution and pipeline solutions operations. Also included in this segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning, plumbing and electrical services. These operations are unregulated as to their rates and services. Effective in the third quarter of 2019, the natural gas marketing and related services subsidiary (PESCO), previously reported in the Unregulated Energy segment, was reflected in discontinued operations. See Note 4, Acquisitions and Divestitures for additional details of the divestiture of PESCO.
The remainder of our operations are presented as “Other businesses and eliminations,” which consists of unregulated subsidiaries that own real estate leased to Chesapeake Utilities, as well as certain corporate costs not allocated to other operations.
The following table presents information about our reportable segments.
For the Year Ended December 31,
202020192018
(in thousands)   
Operating Revenues, Unaffiliated Customers
Regulated Energy$350,853 $340,857 $343,313 
Unregulated Energy137,345 138,748 147,003 
Total operating revenues, unaffiliated customers$488,198 $479,605 $490,316 
Intersegment Revenues (1)
Regulated Energy$1,893 $2,149 $1,968 
Unregulated Energy15,181 15,403 14,902 
Other businesses528 529 652 
Total intersegment revenues$17,602 $18,081 $17,522 
Operating Income
Regulated Energy$92,124 $86,584 $79,215 
Unregulated Energy20,664 19,938 17,125 
Other businesses and eliminations(65)(237)(1,496)
Operating Income112,723 106,285 94,844 
Other income (expense), net3,222 (1,847)(607)
Interest charges21,765 22,224 16,146 
Income from Continuing Operations before Income Taxes94,180 82,214 78,091 
Income Taxes on Continuing Operations23,538 21,114 21,123 
Income from Continuing Operations70,642 61,100 56,968 
Income (loss) from Discontinued Operations, Net of Tax686 (1,349)(388)
Gain on sale of Discontinued Operations, Net of tax170 5,402 — 
Net Income$71,498 $65,153 $56,580 
Depreciation and Amortization
Regulated Energy$46,079 $35,227 $31,876 
Unregulated Energy11,988 10,130 8,263 
Other businesses and eliminations 50 67 81 
Total depreciation and amortization$58,117 $45,424 $40,220 
Capital Expenditures
Regulated Energy$147,100 130,604 $235,912 
Unregulated Energy46,295 60,034 38,585 
Other businesses2,480 8,348 8,364 
Total capital expenditures$195,875 $198,986 $282,861 
 
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues.
As of December 31,
20202019
Identifiable Assets
Regulated Energy segment$1,547,619 $1,434,066 
Unregulated Energy segment
347,665 296,810 
Other businesses and eliminations37,203 52,322 
Total identifiable assets$1,932,487 $1,783,198