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Segment Information
 6 Months Ended
Jun. 30, 2022
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.

The remainder of our operations is 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,
2022202120222021
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy$91,830 $80,374 $215,888 $201,095 
Unregulated Energy47,640 30,708 146,462 101,173 
Total operating revenues, unaffiliated customers$139,470 $111,082 $362,350 $302,268 
Intersegment Revenues (1)
Regulated Energy$363 $536 $4,196 $1,012 
Unregulated Energy5,823 4,065 7,819 8,358 
Other businesses85 133 691 265 
Total intersegment revenues$6,271 $4,734 $12,706 $9,635 
Operating Income
Regulated Energy$25,841 $22,760 $60,539 $55,466 
Unregulated Energy560 (465)20,613 18,575 
Other businesses and eliminations68 283 182 134 
Operating income26,469 22,578 81,334 74,175 
Other income, net2,584 1,453 3,498 1,828 
Interest charges5,825 5,054 11,164 10,159 
Income before Income Taxes23,228 18,977 73,668 65,844 
Income Taxes6,177 5,164 19,683 17,565 
Net Income$17,051 $13,813 $53,985 $48,279 
    
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.


(in thousands)June 30, 2022December 31, 2021
Identifiable Assets
Regulated Energy segment$1,637,003 $1,629,191 
Unregulated Energy segment 447,209 439,114 
Other businesses and eliminations33,130 46,564 
Total identifiable assets $2,117,342 $2,114,869