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Peninsula Energy Services Company, Inc. (PESCO) And Wise Gas, Inc., Announce Collaborative Project For Compressed Natural Gas Fueling Infrastructure

Stocks in this article: CPK

According to the US Department of Energy, the nation uses 14 million barrels of oil per day in the form of vehicle fuel.  Natural gas provides an alternative to replace some of this demand.  Natural gas is already used throughout the world as an alternative to both unleaded gasoline and diesel fuel.  It is a safe and proven alternative that is both much cleaner and significantly cheaper than these liquid fuels.  Additionally, because 99% of the natural gas consumed in the United States is produced in North America, the price of natural gas is much less volatile than that of standard motor fuels, and it is also less impacted by geopolitical events. 

"For all of these reasons, both Chesapeake Utilities and Wise Gas believe that natural gas is capable of supplanting conventional fuels in many fleet applications," added Mr. Hancock.

PESCO's natural gas marketing operations serve approximately 3,500 commercial and industrial customers.  PESCO currently provides natural gas supply services in Florida, Delaware, Maryland and Pennsylvania.

Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake's businesses is available at www.chpk.com.

For more information, contact: Bill Hancock, General Manager Peninsula Energy Services Company (PESCO) 863.292.2919  bhancock@pescoenergy.com

SOURCE Chesapeake Utilities Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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