Chesapeake Utilities Corporation CPK Florida electric distribution — Annual Rate Case Recovery
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Where this comes from
Reported directly by Chesapeake Utilities Corporation in its filing.
Tagged under the XBRL concept cpk:AnnualRateCaseRecovery.
The source filing: Chesapeake Utilities Corporation’s 10-Q, filed May 6, 2026.
- Filed
- May 6, 2026, 4:55 PM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q4 2026
- Accession
- 0001628280-26-031397
FPU Electric Rate Case: In August 2024, our Florida Electric division filed a petition with the Florida PSC seeking a general base rate increase of $12.6 million with a ROE of 11.3 percent based on a 2025 projected test year. Annualized interim rates of approximately $1.8 million were approved with an effective date of November 1, 2024. In March 2025, the Florida PSC approved the permanent rate increase, but the order was subsequently protested. In May 2025, the Company reached a settlement agreement with the interested parties. This settlement which was approved by the Florida PSC in July 2025, provided for a total revenue increase of approximately $8.6 million on an annual basis, with $1.0 million of the increase deferred from the first year's base rate increase and recovered over three years. A step-up rate increase was also approved for up to $0.7 million, upon completion of the purchase and refurbishment of certain substations, which is expected to be completed in December 2026.
Item 1. Financial Statements
FAQ
- What is Chesapeake Utilities Corporation's florida electric distribution — annual rate case recovery?
- Chesapeake Utilities Corporation (CPK) reported florida electric distribution — annual rate case recovery of $1.8M in Q1 2026.
- How has Chesapeake Utilities Corporation's florida electric distribution — annual rate case recovery changed year-over-year?
- Chesapeake Utilities Corporation's florida electric distribution — annual rate case recovery decreased by 0.0% year-over-year, from $1.8M to $1.8M.
- What does florida electric distribution — annual rate case recovery mean?
- This metric measures the total annual revenue authorized for collection through base rates as determined by the most recent regulatory rate case. It provides a baseline for the utility's predictable cash flow and revenue stability from its regulated distribution operations. Consistent recovery levels are essential for maintaining credit quality and funding ongoing capital expenditures.
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