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Employee Benefit Plans
 6 Months Ended
Jun. 30, 2022
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Net periodic benefit costs for our pension and post-retirement benefits plans for the three and six months ended June 30, 2022 and 2021 are set forth in the following tables:
Chesapeake
Pension Plan		FPU
Pension Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan
For the Three Months Ended June 30,2022202120222021202220212022202120222021
(in thousands)          
Interest cost$— $34 $449 $429 $13 $12 $6 $6 $6 $6 
Expected return on plan assets— (40)(857)(830)— — — — — — 
Amortization of prior service credit— — — — — — (19)(19)— — 
Amortization of net (gain) loss— 60 124 155 7 7 12 10 — (2)
Total periodic cost (benefit)$— $54 $(284)$(246)$20 $19 $(1)$(3)$6 $4 
Chesapeake
Pension Plan		FPU
Pension Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan
For the Six Months Ended June 30,2022202120222021202220212022202120222021
(in thousands)          
Interest cost$— $68 $898 $858 $26 $24 $12 $12 $12 $12 
Expected return on plan assets— (80)(1,714)(1,660)— — — — — — 
Amortization of prior service credit— — — — — — (38)(38)— — 
Amortization of net (gain) loss— 120 248 310 14 14 24 18 — (4)
Total periodic cost (benefit)$— $108 $(568)$(492)$40 $38 $(2)$(8)$12 $8 

In 2019, we began executing a de-risking strategy for the Chesapeake Pension Plan. In line with this strategy, we fully terminated the Chesapeake Pension Plan during the fourth quarter of 2021, and as of December 31, 2021, there were no remaining assets in the Chesapeake Pension Plan. Accordingly, a portion of the pension settlement expense associated with the termination was allocated to our Regulated Energy operations and was recorded as regulatory assets, previously approved in all of the impacted jurisdictions. The remaining portion of the pension settlement expense totaling $0.6 million was recorded in other expense in our consolidated statement of income in the fourth quarter 2021 which reflected the amount allocated to our Unregulated Energy operations or was deemed not recoverable through the regulatory process.

The components of our net periodic costs have been recorded or reclassified to other expense, net in the condensed consolidated statements of income. Pursuant to their respective regulatory orders, FPU and Chesapeake Utilities continue to record, as a regulatory asset, a portion of their unrecognized postretirement benefit costs related to their regulated operations. The portion of the unrecognized pension and postretirement benefit costs related to FPU’s unregulated operations and Chesapeake Utilities' operations is recorded to accumulated other comprehensive income.
The following tables present the amounts included in the regulatory asset and accumulated other comprehensive income that were recognized as components of net periodic benefit cost during the three and six months ended June 30, 2022 and 2021: 
For the Three Months Ended June 30, 2022Chesapeake
Pension
Plan		FPU
Pension
Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan		Total
(in thousands)
Prior service credit$— $— $— $(19)$— $(19)
Net loss— 124 7 12 — 143 
Total recognized in net periodic benefit cost— 124 7 (7)— 124 
Recognized from accumulated other comprehensive (income)/loss (1)
— 24 7 (7)— 24 
Recognized from regulatory asset— 100 — — — 100 
Total$— $124 $7 $(7)$— $124 
    
For the Three Months Ended June 30, 2021Chesapeake
Pension
Plan		FPU
Pension
Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan		Total
(in thousands)
Prior service credit$— $— $— $(19)$— $(19)
Net loss60 155 7 10 (2)230 
Total recognized in net periodic benefit cost60 155 7 (9)(2)211 
Recognized from accumulated other comprehensive (income)/loss (1)
60 29 7 (9)— 87 
Recognized from regulatory asset— 126 — — (2)124 
Total$60 $155 $7 $(9)$(2)$211 
.
For the Six months ended June 30, 2022Chesapeake
Pension
Plan		FPU
Pension
Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan		Total
(in thousands)
Prior service credit$— $— $— $(38)$— $(38)
Net loss— 248 14 24 — 286 
Total recognized in net periodic benefit cost— 248 14 (14)— 248 
Recognized from accumulated other comprehensive (income)/loss (1)
— 48 14 (14)— 48 
Recognized from regulatory asset— 200 — — — 200 
Total$— $248 $14 $(14)$— $248 
For the Six months ended June 30, 2021Chesapeake
Pension
Plan		FPU
Pension
Plan		Chesapeake SERPChesapeake
Postretirement
Plan		FPU
Medical
Plan		Total
(in thousands)
Prior service credit$— $— $— $(38)$— $(38)
Net loss120 310 14 18 (4)458 
Total recognized in net periodic benefit cost120 310 14 (20)(4)420 
Recognized from accumulated other comprehensive (income)/loss (1)
120 58 14 (20)(1)171 
Recognized from regulatory asset— 252 — — (3)249 
Total$120 $310 $14 $(20)$(4)$420 
(1) See Note 9, Stockholders' Equity.
During the three and six months ended June 30, 2022, we contributed $0.1 million to the FPU Pension Plan. We expect to contribute approximately $0.3 million to the FPU Pension Plan during 2022, which represents the minimum annual contribution payments required.
The Chesapeake SERP, the Chesapeake Postretirement Plan and the FPU Medical Plan are unfunded and are expected to be paid out of our general funds. Cash benefits paid under the Chesapeake SERP for the three and six months ended June 30, 2022 were less than $0.1 million in both periods. We expect to pay total cash benefits of approximately $0.2 million under the Chesapeake SERP in 2022. Cash benefits paid under the Chesapeake Postretirement Plan, primarily for medical claims for both the three and six months ended June 30, 2022 were $0.1 million. We estimate that approximately $0.1 million will be paid for such benefits under the Chesapeake Postretirement Plan in 2022. Cash benefits paid under the FPU Medical Plan, primarily for medical claims for the three and six months ended June 30, 2022, were immaterial. We estimate that approximately $0.1 million will be paid for such benefits under the FPU Medical Plan in 2022.