DOVER, Del., Dec. 21, 2016 /PRNewswire/ -- Power
Engineering magazine has named the Chesapeake Utilities
Corporation (NYSE: CPK) Eight Flags Energy Combined Heat and Power
(CHP) Plant "Best CHP Project of the Year." The award was announced
during the POWER-GEN International exposition in Orlando, Florida on December 13.
"This award is meant to recognize innovative and creative power
projects that play a unique role in meeting local and regional
demand for power," said Power Engineering Editor-in-Chief
Russell Ray. "The Eight Flags Energy
CHP Plant goes above and beyond in meeting these standards."
"The Eight Flags Energy CHP Plant is a strategic solution
designed to meet the needs of our customers and communities while
reducing emissions and providing savings," said Michael P. McMasters, President and Chief
Executive Officer of Chesapeake Utilities Corporation. "This
project, the first-of-its-kind for the Company, is an example of
our employees' commitment to developing effective ways to grow
while continuing to deliver value to our customers, investors and
the communities we serve."
The Eight Flags Energy CHP plant is powered by natural gas,
highly-regarded as one of the cleanest, safest and most efficient
energy options. The plant operates on natural gas provided by
Florida Public Utilities Company (FPU) and Peninsula Pipeline
Company, two subsidiaries of Chesapeake Utilities Corporation, and
produces three energy outputs: electricity, steam and heated water.
Rayonier Advanced Materials purchases the steam and heated water
for use in its cellulose specialties production facility. FPU
purchases the electricity for distribution to its electric retail
customers in the area which yields cost-savings and increased
reliability. The Eight Flags Energy CHP Plant, located on the
Rayonier Advanced Materials plant in Amelia
Island, Nassau County,
Florida, generates approximately 20 MW of base load power,
producing enough electricity to meet 50 percent of the Island's
demand.
"This plant is one of the most energy-efficient cogeneration
power plants in the United States,
with a target efficiency of 78 percent," added Jeffry M. Householder, President of Florida
Public Utilities Company. "I'm proud of the team of employees and
partners who worked diligently to bring this project to fruition.
It's a resource that makes a meaningful impact, and I look forward
to continuing to find ways to best serve our customers and the
community."
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy company
engaged in natural gas distribution, transmission, gathering and
processing, and marketing; electricity generation and distribution;
propane gas distribution and wholesale marketing; and other
businesses. Information about Chesapeake Utilities Corporation's
businesses is available at www.chpk.com or through our IR App.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
For more information,
contact:
Mike Stock
Senior Director, Corporate Communications
Chesapeake Utilities Corporation
mstock@chpk.com
302.736.7808
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SOURCE Chesapeake Utilities Corporation