Transactions - DECEMBER 10, 2019

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Chesapeake Utilities to buy Elkton Gas from South Jersey Industries

by Released

Chesapeake Utilities and South Jersey Industries (SJI) have entered into an agreement under which Chesapeake Utilities will acquire SJI subsidiary Elkton Gas, which operates in Cecil County, Md.

Upon completion of the transaction, Elkton Gas will become a wholly owned subsidiary of Chesapeake Utilities. The acquisition, which is expected to close in first half 2020, is subject to approval by the Maryland Public Service Commission.

Incorporated in 1863, Elkton Gas delivers natural gas to approximately 7,000 residential and commercial customers within a franchised area of Cecil County. Elkton Gas has also been a long-term customer of Eastern Shore Natural Gas Co., an interstate transmission pipeline company that is a wholly owned subsidiary of Chesapeake Utilities Corp.

Chesapeake Utilities currently serves another franchised area of Cecil County with natural gas service and has been managing its expansion into this area largely from its Delaware operations.

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