A renewable energy agreement between Rayonier Performance Fibers, LLC and the Florida Public Utilities Company (FPUC) was commemorated today at an event held at Rayonier’s Fernandina Beach, FL mill. Attendees included Adam H. Putnam, Commissioner of the Florida Department of Agriculture and Consumer Services, and other dignitaries. Under the terms of the 10-year agreement approved by the Florida Public Service Commission in July, Rayonier will sell FPUC excess energy generated by a 22.5 mega-watt turbine generator recently installed at its Fernandina mill.
About Florida Public Utilities CompanyFlorida Public Utilities Company is a wholly-owned subsidiary of Chesapeake Utilities Corporation. Chesapeake Utilities Corporation (NYSE:CPK) 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 further information, please contact Bonnie Erdek at Florida Public Utilities Company, 561.838.1766 or email email@example.com. About Rayonier Rayonier (NYSE:RYN) is a leading international forest products company with three core businesses: Forest Resources, Real Estate and Performance Fibers. The company owns, leases or manages 2.7 million acres of timber and land in the United States and New Zealand. The company's holdings include approximately 200,000 acres with residential and commercial development potential along the Interstate 95 corridor between Savannah, GA and Daytona Beach, FL. Its Performance Fibers business is one of the world's leading producers of high-value specialty cellulose fibers, which are used in products such as filters, pharmaceuticals and LCD screens. Approximately 45 percent of the company's sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com. For further information, please contact Mike Bell at Rayonier, 904.321.5537 or email firstname.lastname@example.org. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50438807&lang=en