Florida Public Utilities Company

What Florida Public Utilities Company does

Florida Public Utilities Company (FPU) is a regulated natural gas and electric distribution utility wholly owned by Chesapeake Utilities Corporation (NYSE:CPK). The company operates approximately 3,154 miles of natural gas distribution mains serving around 103,000 customers across 25 Florida counties, and 908 miles of electric transmission and distribution lines serving approximately 33,000 customers across four counties through its Northeast (Fernandina Beach) and Northwest (Marianna) divisions. Founded in 1863, FPU operates under exclusive franchise authority from the Florida Public Service Commission and is one of the oldest energy providers in the state.

FPU's product portfolio centers on regulated distribution services but is augmented by energy efficiency programs (Efficiency 1st, free energy checkups, smart-home kits), residential and commercial rebate programs for HVAC and appliances, budget billing, solar interconnection, low-income weatherization assistance, and free gas and electric safety training for first responders. The company has invested over $65 million in storm-hardened infrastructure following Hurricane Michael in 2018 and has grown historically through franchise grants and tuck-in acquisitions of small gas operators (Indiantown Gas in 2010, Glades Gas and Fort Meade system in 2013).

FPU generates revenue primarily through regulated recurring monthly tariffs for natural gas and electric distribution, approved by the Florida Public Service Commission. It filed a rate case in August 2024 seeking $12.6M in additional annual revenue after a decade without a base rate case. Its go-to-market motion is direct-to-consumer through a customer portal, phone support (800.427.7712), authorized payment locations, and field service teams, with economic development partnerships supporting commercial and industrial load growth. The company was recognized as a 2025 Escalent Utility Customer Champion with a top-decile Engaged Customer Relationship Index score of 769.

Name

Florida Public Utilities Company

Legal name

Florida Public Utilities Company

Website

https://fpuc.com

Company type

Private

Founded year

1863

Operating status

Operating

Headcount range

251–500 employees

Short description

Florida Public Utilities Company is a regulated utility subsidiary of Chesapeake Utilities Corporation (NYSE:CPK) that distributes natural gas to ~103,000 customers across 25 Florida counties and electricity to ~33,000 customers across 4 counties, operating under Florida Public Service Commission franchise authority.

Ownership category

akta.pro rank

Product category

Regulated Utility Services — Natural Gas and Electric Distribution

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (2212), Pipeline Transportation of Natural Gas (486210)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industries

Regulated Natural Gas Utility (LDC) Customer Acquisition & Switching (EUAAADAA), FERC/PHMSA/State Commission Rule Compliance (Cross-Regulatory) (EUAJAIAH), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• Natural gas distribution
• Electric distribution utility
• Regulated utility services
• Energy efficiency rebates
• Propane distribution

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Others

Revenue model

1. Natural Gas Distribution Services: FPU distributes natural gas to approximately 103,000 customers across 25 Florida counties through its 3,154 miles of natural gas distribution mains, generating revenue through regulated utility rates approved by the Florida Public Service Commission.
2. Electric Distribution Services: FPU distributes electricity to approximately 33,000 customers across four Florida counties through 908 miles of electric transmission and distribution lines, operating in Northeast (Fernandina Beach) and Northwest (Marianna) divisions. Revenue is generated through regulated rates approved by the Florida Public Service Commission.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Florida Public Utilities Company distributes natural gas to approximately 103,000 customers across 25 Florida counties through ~3,154 miles of distribution mains and distributes electricity to approximately 33,000 customers across four Florida counties (Northeast Fernandina Beach division and Northwest Marianna division) via ~908 miles of transmission and distribution lines. The company also offers propane services, residential and commercial energy-efficiency rebates, budget billing, free Efficiency 1st energy checkups, solar interconnection, gas/electric safety training, low-income energy assistance, and economic development incentives to businesses relocating or expanding in its Florida service territories.

Product overview

Florida Public Utilities Company (FPU) is a natural gas and electric distribution utility and wholly-owned subsidiary of Chesapeake Utilities Corporation (NYSE:CPK). It operates as a dual-product utility offering natural gas distribution across 25 Florida counties (serving ~103,000 gas customers via ~3,154 miles of mains) and electric distribution across four counties (serving ~33,000 customers via ~908 miles of lines). FPU's portfolio includes complementary customer programs such as the Efficiency 1st Program (free energy checkups and smart home kits), solar interconnection services, residential and commercial rebate programs (for HVAC, appliances, lighting, and cool roofs), and budget billing. The company also offers gas and electric safety training for first responders, low-income energy outreach, and economic development incentives. FPU's parent company operates the Eight Flags Energy CHP Plant achieving 80% efficiency. FPU has received recognition including the AGA Safety Achievement Award and Escalent's 2025 Utility Customer Champion designation.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Distribution Regulated distribution of natural gas to approximately 103,000 customers across 25 Florida counties through approximately 3,154 miles of distribution mains.
• Electric Distribution

Quantifiable outcome

• Scores of 769 on Escalent's Engaged Customer Relationship Index, placing both utilities in the top decile
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and flagship.

• EscalentcoreStrategic or Co-development Partner · 30 January 2026Escalent is a data analytics firm that evaluates utility customer satisfaction and engagement. FPU and sister company Florida City Gas were recognized as 2025 Utility Customer Champions based on Escalent's Engaged Customer Relationship Index assessment.
• Low Income Weatherization Program OperatorscoreStrategic or Co-development PartnerFPU partners with Department of Economic Opportunity approved Low Income Weatherization Program operators to provide residential energy surveys, weatherization contractor training, energy conservation materials for low-income households, and community conservation events. These efforts include coordination with the Weatherization Assistance Program Technical Assistance Center.
• Approved HVAC ContractorscoreChannel Partner/ Reseller/ DistributorFPU collaborates with select contractors in Fernandina Beach (Nassau County) and Marianna (Jackson, Calhoun, Liberty counties) areas to deliver electric services including HVAC installations, repairs, and solar installations. Contractors participate in rebate programs and receive dealer incentives.
• Social Service AgenciescoreStrategic or Co-development PartnerSocial service organizations throughout FPU's service territory assist income-eligible families with energy assistance programs, bill payment support, and crisis assistance. FPU provides referrals and coordinates with LIHEAP and local agencies.
• Chesapeake Utilities CorporationflagshipStrategic or Co-development PartnerChesapeake Utilities Corporation (NYSE:CPK) is the parent company of Florida Public Utilities. As a diversified energy delivery company, Chesapeake Utilities provides shared services, strategic direction, and operational support including sustainability reporting, corporate responsibility programs, and corporate careers.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Florida City Gas: FPU's sister subsidiary under Chesapeake Utilities Corporation (NYSE:CPK), operating as a regulated natural gas LDC in southern Florida. Directly comparable on regulatory framework, customer programs, and parent ownership; recently co-recognized as a 2025 Utility Customer Champion alongside FPU.
• Peoples Gas System: Florida's other major natural gas LDC, serving customers across the Tampa Bay region and central Florida as a subsidiary of TECO Energy/EMERA. Most direct competitor to FPU inside the same state with similar franchise-based distribution model.
• Atmos Energy: One of the largest U.S. natural gas LDCs serving ~3 million customers across Texas, Kentucky, Tennessee, Louisiana, Mississippi, Colorado, Virginia, and other states. Closest scaled public comparable for FPU's regulated gas distribution rate base economics and rate case cadence.
• ONE Gas: Pure-play natural gas LDC serving ~2.3 million customers across Oklahoma, Kansas, and Texas (spun off from ONEOK). Closest pure regulated-LDC comparable business model - almost all revenue from state-regulated gas distribution.
• Southwest Gas Holdings: Holding company for Southwest Gas Corporation, a regulated LDC serving ~2 million customers across Arizona, Nevada, and California. Comparable regulated rate base growth dynamics and weather-driven seasonality to FPU.
• Atlanta Gas Light: Natural gas LDC serving ~1.6 million customers across Georgia, owned by Southern Company Gas. Adjacent Southeastern U.S. LDC with comparable regulatory structure, climate exposure (hurricanes/tropical storms), and customer programs to FPU.

Others

• Chesapeake Utilities Corporation: NYSE-listed parent of Florida Public Utilities (CPK). Operates the same regulated distribution business plus natural gas transmission, propane distribution, and the Eight Flags CHP plant; relevant for capital allocation and shared-services comparison.

Broad incumbents

• CenterPoint Energy: Large multi-state utility with regulated natural gas distribution in Indiana, Ohio, Minnesota, Mississippi, Louisiana, and Texas alongside electric transmission/distribution in Houston. Scale and diversification contrast to FPU but operates the same regulated gas distribution model in adjacent jurisdictions.
• Florida Power & Light (NextEra Energy): Largest investor-owned utility in Florida and dominant electric distribution provider across most of FPU's gas territory. Provides context on regulatory environment, rate case benchmarks, and storm hardening standards even though FPU's electric franchise is geographically separate.
• Duke Energy Florida: Major investor-owned utility serving central and northern Florida with regulated electric distribution and generation. Overlaps geographically with FPU's electric service footprint in Northwest Florida and shares the same Florida PSC regulatory framework.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fpucfl
• Facebookfacebook.com/florida-public-utilities-138019712920948
• LinkedInlinkedin.com/company/florida-public-utilities-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Florida Public Utilities Company