Chesapeake Utilities Corporation CPK Florida electric distribution — Rate Case ROE
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Where this comes from
Reported directly by Chesapeake Utilities Corporation in its filing.
Tagged under the XBRL concept cpk:RateCaseROE.
The source filing: Chesapeake Utilities Corporation’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 5:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-054477
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 — rate case ROE?
- Chesapeake Utilities Corporation (CPK) reported florida electric distribution — rate case ROE of 11.3% in Q2 2026.
- How has Chesapeake Utilities Corporation's florida electric distribution — rate case ROE changed year-over-year?
- Chesapeake Utilities Corporation's florida electric distribution — rate case ROE decreased by 0.0% year-over-year, from 11.3% to 11.3%.
- What does florida electric distribution — rate case ROE mean?
- This metric represents the Return on Equity authorized by regulators for the electric distribution utility during a formal rate case proceeding. It defines the profit margin the utility is permitted to earn on its rate base, serving as a primary benchmark for financial performance. A higher authorized ROE indicates a more favorable regulatory climate and supports stronger earnings growth.
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