DOVER, Del., April 26, 2017 /PRNewswire/ -- Sharp Energy,
Inc., the largest propane retailer on the Delmarva Peninsula and a
subsidiary of Chesapeake Utilities Corporation (NYSE: CPK)
(Chesapeake Utilities), announced today that it has constructed and
placed into service an AutoGas propane fueling station for fleet
vehicles located near the Baltimore/Washington International (BWI)
Airport. Airport shuttles, school bus companies, and commercial
fleets can use this new fueling station to power their fleets with
propane, a preferred alternative fuel option that reduces emissions
and yields savings.
"We're excited to add this propane fueling station to the
Company's growing network of clean, reliable and affordable energy
options," said Elaine B. Bittner, Chief Operating Officer of
Sharp Energy, Inc. "Our AutoGas stations support Chesapeake
Utilities' environmental initiatives in supplying propane, a clean
burning alternative fuel, to the rapidly growing number of fleet
vehicles in the area."
MBG Enterprise, a Baltimore
area school bus company that has already begun using the new
AutoGas station to power ten school buses, will be displacing more
than 30,000 gallons of diesel a year. The company has recently
added eight additional propane AutoGas-fueled buses for the start
of the 2017-2018 school year.
"My family and I have been in the transportation industry for
decades and we are always looking for innovative ways to make our
business better," said Mitch
Gunther, owner of MBG Enterprise. "We decided to make the
switch to propane-powered buses last year and we could not be
happier. The simplicity of fueling and the expertise Sharp Energy
has in their infrastructure is fantastic; their customer support is
second to none, another reason we decided to procure more propane
buses this year. I look forward to working with Sharp Energy for
years to come as we transition our school bus fleet."
Propane reduces carbon monoxide emissions up to 60 percent
compared to diesel on a life-cycle basis while reducing
smog-producing hydrocarbons by an estimated 80 percent. Substantial
economic savings are achieved through fuel and maintenance cost
savings. Historically, customers that have converted vehicles to
propane AutoGas have saved $1.00 or
more on each gallon of propane as compared to gasoline.
Sharp Energy has a dozen AutoGas stations operating in
Delaware, Maryland, and Pennsylvania. "Propane
AutoGas is the highest grade of commercial propane, and is the most
widely used alternative to gasoline and diesel fuel in the world
because of its clean, domestic and economic benefits," stated
S. Robert Zola, President of Sharp
Energy, Inc.
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 other businesses. Information about Chesapeake
Utilities Corporation's businesses is available at www.chpk.com or
through our IR App.
About Sharp Energy
Sharp Energy, headquartered
in Georgetown, Delaware,
distributes propane to approximately 38,000 residential, commercial
and industrial customers in Maryland, Delaware, Virginia and Pennsylvania. With four rail facilities and
over 2,500,000 gallons of propane storage, Sharp Energy has
established a solid supply portfolio. Sharp Energy is a proud
partner of Alliance AutoGas, a national network of companies that
have joined together to deliver a comprehensive alternative fueling
solution including EPA-certified propane AutoGas vehicle
conversions, on-site fueling infrastructure, fuel supply, safety
and operational training, and ongoing technical support. To
learn more about Sharp Energy, visit www.sharpenergy.com.
Please note that Chesapeake Utilities Corporation is not
affiliated with Chesapeake Energy, an oil and natural gas
exploration company headquartered in Oklahoma City, Oklahoma.
Cautionary Note Regarding Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as "expect," "likely," "outlook," "forecast," "would,"
"could," "should," "can," "will," "project," "intend," "plan,"
"goal," "target," "continue," "sustain," "believe," "seek,"
"estimate," "anticipate," "may," "possible," "assume," variations
of such words and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to risks,
uncertainties and assumptions that could cause actual results to
vary materially from those indicated, including the factors
described in Item 1A (Risk Factors) of our most recent Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, each of
which is incorporated herein by reference, and in other documents
that we file or furnish with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated or
anticipated by such forward-looking statements. Accordingly, you
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date they are made. Except
to the extent required by law, the Company does not undertake, and
expressly disclaims, any duty or obligation to update publicly any
forward-looking statement after the date of this release, whether
as a result of new information, future events, changes in
assumptions or otherwise.
For more information,
contact:
Mike Stock
Senior Director, Corporate Communications
Chesapeake Utilities Corporation
302.736.7808
mstock@chpk.com
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SOURCE Chesapeake Utilities Corporation