Chesapeake Utilities Corporation Announces Sale of 49% Ownership Interest in Florida Energy Pathway Project
Chesapeake Utilities Corporation announced the sale of a 49% ownership interest in its Florida Energy Pathway Project to NextEra Energy Resources, which will acquire a minority interest in the South Florida natural gas infrastructure project. The announcement was made in Dover, Delaware.
Why it matters — A CPK watcher would care because bringing in NextEra Energy Resources as a minority partner could help fund and de-risk a major infrastructure project while potentially unlocking capital for Chesapeake Utilities.