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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
We use the management approach to identify operating segments. We organize our business around differences in regulatory environment 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 subsidiary. 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.

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 financial information about our reportable segments:
Three Months EndedSix Months Ended
June 30,June 30,
2021202020212020
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy$80,374 $73,044 $201,095 $175,512 
Unregulated Energy30,708 24,007 101,173 74,229 
Total operating revenues, unaffiliated customers$111,082 $97,051 $302,268 $249,741 
Intersegment Revenues (1)
Regulated Energy$536 $474 $1,012 $961 
Unregulated Energy4,065 3,733 8,358 7,523 
Other businesses133 133 265 265 
Total intersegment revenues$4,734 $4,340 $9,635 $8,749 
Operating Income
Regulated Energy$22,808 $18,006 $55,673 $45,894 
Unregulated Energy(445)281 18,660 14,142 
Other businesses and eliminations215 (310)(158)75 
Operating income22,578 17,977 74,175 60,111 
Other income (expense), net1,456 (279)1,841 3,039 
Interest charges5,054 5,054 10,159 10,868 
Income from Continuing Operations before Income Taxes18,980 12,644 65,857 52,282 
Income Taxes on Continuing Operations5,165 1,983 17,570 12,580 
Income from Continuing Operations13,815 10,661 48,287 39,702 
Income (Loss) from Discontinued Operations, Net of Tax(2)295 (8)184 
Net Income$13,813 $10,956 $48,279 $39,886 
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.


(in thousands)June 30, 2021December 31, 2020
Identifiable Assets
Regulated Energy segment$1,568,136 $1,547,619 
Unregulated Energy segment 359,971 347,665 
Other businesses and eliminations44,233 37,203 
Total identifiable assets $1,972,340 $1,932,487