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Chesapeake Utilities Corporation's Subsidiary Aspire Energy of Ohio Celebrates 10 Years as Part of Company, Looks to Capture Growth Opportunities

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Chesapeake Utilities (NYSE: CPK) marks a significant milestone as its subsidiary Aspire Energy of Ohio celebrates 10 years since the merger with Gatherco Inc. in April 2015. The company has enhanced its natural gas infrastructure and service delivery across Ohio over the past decade.

Aspire Energy operates an extensive network spanning 40 counties in Ohio, including over 2,300 miles of pipelines, six compressor stations, and three mechanical refrigeration units for natural gas liquids extraction. The company serves multiple local distribution companies and manages Consumers Gas Cooperative, serving over 10,000 members in Orrville, Ohio.

In 2020, the company established Aspire Energy Express (AEX), an intrastate pipeline company that connects the Rockies Express Gas Pipeline to the 1,875 MW Guernsey Power Station. With Ohio's manufacturing sector growth driving increased power generation demands, Aspire Energy is positioned to expand its service territory through infrastructure additions and investments.

Chesapeake Utilities (NYSE: CPK) segna una pietra miliare significativa poiché la sua controllata Aspire Energy of Ohio celebra 10 anni dalla fusione con Gatherco Inc. avvenuta nell'aprile 2015. Negli ultimi dieci anni, l'azienda ha migliorato la propria infrastruttura di gas naturale e la consegna dei servizi in Ohio.

Aspire Energy gestisce una vasta rete che si estende su 40 contee in Ohio, inclusi oltre 2.300 miglia di tubazioni, sei stazioni di compressione e tre unità di refrigerazione meccanica per l'estrazione di liquidi di gas naturale. L'azienda serve diverse compagnie di distribuzione locali e gestisce il Consumers Gas Cooperative, che serve oltre 10.000 membri a Orrville, Ohio.

Nel 2020, l'azienda ha istituito Aspire Energy Express (AEX), una compagnia di pipeline intrastatale che collega il Rockies Express Gas Pipeline alla stazione di potenza Guernsey da 1.875 MW. Con la crescita del settore manifatturiero dell'Ohio che guida un aumento della domanda di generazione di energia, Aspire Energy è posizionata per espandere il proprio territorio di servizio attraverso aggiunte infrastrutturali e investimenti.

Chesapeake Utilities (NYSE: CPK) marca un hito significativo ya que su subsidiaria Aspire Energy of Ohio celebra 10 años desde la fusión con Gatherco Inc. en abril de 2015. La compañía ha mejorado su infraestructura de gas natural y la entrega de servicios en Ohio durante la última década.

Aspire Energy opera una extensa red que abarca 40 condados en Ohio, incluyendo más de 2,300 millas de tuberías, seis estaciones de compresión y tres unidades de refrigeración mecánica para la extracción de líquidos de gas natural. La compañía atiende a múltiples empresas de distribución local y gestiona Consumers Gas Cooperative, que sirve a más de 10,000 miembros en Orrville, Ohio.

En 2020, la compañía estableció Aspire Energy Express (AEX), una empresa de tuberías intrastatales que conecta el Rockies Express Gas Pipeline con la central eléctrica Guernsey de 1,875 MW. Con el crecimiento del sector manufacturero de Ohio impulsando una mayor demanda de generación de energía, Aspire Energy está posicionada para expandir su territorio de servicio a través de adiciones e inversiones en infraestructura.

체서피크 유틸리티(Chesapeake Utilities) (NYSE: CPK)는 자회사 아스파이어 에너지 오하이오(Aspire Energy of Ohio)가 2015년 4월 Gatherco Inc.와의 합병 이후 10주년을 맞이하며 중요한 이정표를 세웁니다. 지난 10년 동안 이 회사는 오하이오 전역에서 천연가스 인프라와 서비스 제공을 개선해왔습니다.

아스파이어 에너지는 오하이오의 40개 카운티에 걸쳐 2,300마일 이상의 파이프라인, 6개의 압축기 스테이션, 천연가스 액체 추출을 위한 3개의 기계 냉각 장치를 포함하는 광범위한 네트워크를 운영합니다. 이 회사는 여러 지역 배급 회사에 서비스를 제공하며, 오하이오 오르빌에서 10,000명 이상의 회원을 보유한 Consumers Gas Cooperative를 관리합니다.

2020년, 이 회사는 아스파이어 에너지 익스프레스(Aspire Energy Express, AEX)를 설립하여 로키스 익스프레스 가스 파이프라인을 1,875 MW의 건지 발전소와 연결하는 주 내 파이프라인 회사입니다. 오하이오의 제조업 성장으로 전력 생성 수요가 증가함에 따라 아스파이어 에너지는 인프라 추가 및 투자를 통해 서비스 지역을 확장할 수 있는 위치에 있습니다.

Chesapeake Utilities (NYSE: CPK) marque une étape importante alors que sa filiale Aspire Energy of Ohio célèbre 10 ans depuis la fusion avec Gatherco Inc. en avril 2015. Au cours de la dernière décennie, l'entreprise a amélioré son infrastructure de gaz naturel et la livraison de services à travers l'Ohio.

Aspire Energy exploite un vaste réseau s'étendant sur 40 comtés en Ohio, y compris plus de 2 300 miles de pipelines, six stations de compression et trois unités de réfrigération mécanique pour l'extraction de liquides de gaz naturel. L'entreprise sert plusieurs sociétés de distribution locales et gère le Consumers Gas Cooperative, qui dessert plus de 10 000 membres à Orrville, Ohio.

En 2020, l'entreprise a établi Aspire Energy Express (AEX), une société de pipeline intrastatale qui relie le Rockies Express Gas Pipeline à la centrale électrique Guernsey de 1 875 MW. Avec la croissance du secteur manufacturier de l'Ohio qui entraîne une augmentation des demandes de production d'énergie, Aspire Energy est bien positionnée pour étendre son territoire de service grâce à des ajouts et des investissements dans l'infrastructure.

Chesapeake Utilities (NYSE: CPK) markiert einen bedeutenden Meilenstein, da ihre Tochtergesellschaft Aspire Energy of Ohio 10 Jahre seit der Fusion mit Gatherco Inc. im April 2015 feiert. Das Unternehmen hat in den letzten zehn Jahren seine Erdgasinfrastruktur und die Servicebereitstellung in Ohio verbessert.

Aspire Energy betreibt ein umfangreiches Netzwerk, das 40 Landkreise in Ohio umfasst, einschließlich über 2.300 Meilen von Pipelines, sechs Kompressoren und drei mechanische Kühleinheiten zur Extraktion von Erdgasflüssigkeiten. Das Unternehmen bedient mehrere lokale Verteilungsunternehmen und verwaltet die Consumers Gas Cooperative, die über 10.000 Mitglieder in Orrville, Ohio, versorgt.

Im Jahr 2020 gründete das Unternehmen Aspire Energy Express (AEX), ein intrastaatliches Pipeline-Unternehmen, das die Rockies Express Gas Pipeline mit dem 1.875 MW Guernsey-Kraftwerk verbindet. Mit dem Wachstum des Fertigungssektors in Ohio, das die Nachfrage nach Energieerzeugung erhöht, ist Aspire Energy in der Lage, ihr Dienstgebiet durch Infrastrukturinvestitionen und -erweiterungen auszubauen.

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DOVER, Del., April 2, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) celebrates the 10-year anniversary of its Ohio subsidiary. On April 1, 2015, the Company completed the merger of Gatherco Inc. into Aspire Energy of Ohio LLC to deliver energy through natural gas midstream services, processing and transportation services. Since the merger, the Ohio team has significantly improved the safety, resiliency, and reliability of the natural gas systems, while continuing to meet the growing needs of customers and communities. 

In a state with a robust workforce, low cost of doing business and natural resources at the ready, Aspire Energy seeks to expand its service territory across Ohio with infrastructure additions and other investments to deliver efficient, affordable and reliable energy to communities, commercial properties, and industrial facilities. 

"It is an honor to work with the Aspire Energy team to deliver safe, reliable service to our customers year after year," said Kyle Moore, general manager, Ohio. "Our employees are part of the communities we serve, and that sense of community drives who we are and what we do. I'm looking forward to the next 10 years!" 

"Ohio is experiencing tremendous growth, especially in the manufacturing sector, which brings significant power generation needs," said Jeff Sylvester, senior vice president and chief operating officer. "Aspire Energy is in a good position to take advantage of the anticipated demand for energy coming as a result of the significant investments being made by companies choosing to build facilities and operate in Ohio."

Aspire Energy owns and operates natural gas gathering infrastructure, including over 2,300 miles of pipelines, throughout 40 counties in Ohio. Aspire Energy supplies natural gas to several local distribution companies (LDCs) and cooperatives, and the company owns and operates six compressor stations and three mechanical refrigeration units, instrumental in extracting natural gas liquids (NGLs) from both conventional and shale gas. 

Aspire Energy also manages Consumers Gas Cooperative, a member-owned, not-for-profit natural gas cooperative based in Orrville, Ohio, that provides natural gas service to over 10,000 members. 

Aspire Energy Express (AEX) was created in 2020 as an intrastate pipeline company, and built and operates an interconnect between the Rockies Express Gas Pipeline and the Guernsey Power Station, an 1,875 MW power plant near Byesville, Ohio. AEX pursues opportunities to build intrastate pipelines for underserved markets throughout Ohio. 

About Chesapeake Utilities Corporation

Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange (NYSE:CPK). Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. For more information, visit www.chpk.com.

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Alexander Nye
Director, Strategic Communications
727.754.0136
ANye@chpk.com

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SOURCE Chesapeake Utilities Corporation

FAQ

What infrastructure assets does Aspire Energy of Ohio (CPK) currently operate?

Aspire Energy operates 2,300+ miles of pipelines across 40 Ohio counties, 6 compressor stations, 3 mechanical refrigeration units, and manages service to 10,000+ cooperative members.

When did Chesapeake Utilities (CPK) acquire Gatherco Inc. to form Aspire Energy of Ohio?

The merger was completed on April 1, 2015, when Gatherco Inc. became Aspire Energy of Ohio , a subsidiary of Chesapeake Utilities

What is Aspire Energy Express (AEX) and when was it established?

AEX was established in 2020 as an intrastate pipeline company, connecting the Rockies Express Gas Pipeline to the 1,875 MW Guernsey Power Station near Byesville, Ohio.

How many members does Aspire Energy serve through Consumers Gas Cooperative?

Aspire Energy manages Consumers Gas Cooperative, serving over 10,000 members in Orrville, Ohio.

What growth opportunities is Aspire Energy (CPK) pursuing in Ohio?

Aspire Energy is expanding its service territory through infrastructure additions and investments, targeting increased energy demand from Ohio's growing manufacturing sector.
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