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|SHARP ENERGY AND CHESAPEAKE UTILITIES CORPORATION HOLD GROUNDBREAKING CEREMONY FOR NEW SHARP ENERGY HEADQUARTERS AND AUTOGAS FUELING STATION IN GEORGETOWN, DELAWARE|
Chesapeake Utilities Corporation and Sharp Energy, Inc. held a groundbreaking ceremony for the new Sharp Energy headquarters building and AutoGas fueling station in Georgetown, Delaware. Pictured from left: Delaware State Senator Brian Pettyjohn; Morgan Ellis of Clean Cities Coalition; Craig Crouch, Chief Executive Officer of Kent-Sussex Industries, Inc.; Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation; and S. Robert "Bob" Zola, President of Sharp Energy, Inc. and Austin Cox Home Services.[/caption]Dover, Delaware — Chesapeake Utilities Corporation (NYSE:CPK) ("Chesapeake") and Sharp Energy, Inc., its wholly-owned subsidiary, are pleased to announce the groundbreaking for the new Sharp Energy headquarters building and AutoGas fueling station in Georgetown, Delaware. The groundbreaking ceremony was held September 3, 2015 on the construction site at 22945 East Piney Grove Road, Georgetown, Delaware. The event was hosted by Chesapeake and Sharp Energy and attended by state, local and company officials.
The new 18,000-square-foot building will provide a convenient, central location for both customers and employees and consolidate Sharp Energy's operations. With the construction of this new modern facility, Sharp Energy will be able to house its retail and supply functions in one location, increase its storage capacity and create a centralized public dispensing center for AutoGas. In addition, 20 positions will be moving to the new facility almost doubling the existing number of employees based in Georgetown.
Sharp Energy's new headquarters site will also be the future location for the sixth AutoGas fueling station on Delmarva supporting the Company's environmental initiatives in supplying clean burning propane to fuel the rapidly growing number of fleet vehicles in the area that now run on this clean-burning alternative fuel. AutoGas-powered vehicles produce lower emissions than gasoline vehicles and offer substantial cost savings on fuel and maintenance. AutoGas has a higher octane rating and burns cleaner than gasoline allowing AutoGas powered vehicles to experience less frequent oil changes, increased engine life and lowered associated vehicle downtime in addition to substantial savings on fuel. Almost all propane is produced here in the United States helping to reduce our country's dependence on foreign oil. Since 2010, our region's propane production has gone from 2,000,000 gallons a day to 8,000,000 gallons per day. In fact, billions of dollars are spent annually to expand the propane infrastructure throughout the country.
"Our Company's anticipated future growth in both staff and services has led us to build and improve our facilities so that we may continue to meet the needs and exceed the expectations of our Delmarva energy customers and their communities," said Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation. "We have experienced a significant amount of growth in the past few years and project that to continue. This new location will aid that growth."
"The new headquarters building will be a state-of-the-art facility that will meet the needs of our employees and our customers for many years to come," said S. Robert Zola, President of Sharp Energy.
Sharp Energy’s new facility was designed to meet the Delaware Department of Natural Resources and Environmental Control's new sediment and storm water regulations, which were effective on January 1, 2014. Delaware's new sediment and storm water regulations changed from peak-based to volume-based management in consideration of the potential impacts to the specific watershed. To comply with the new regulations, the site's design incorporates green technology best management practices (GTBMPs) that consist of grassed channels, bio-swales, and filter strips. These GTBMPs clean the runoff through filtration and reduce the amount of rainfall leaving the site.
The $6 million headquarters building is located on 12 acres of land and will house 40 employees. The anticipated completion date is spring 2016 and the project is anticipated to create up to 70 construction jobs.
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Chesapeake Utilities Corporation
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Sydney Davis, External Communications Manager