MEDIUMBuilt-inRegulatory
Florida PSC regulated operations
“10-K Item 1: 'FCG provided notice to the Florida PSC of its intent to file a petition ... Florida Electric division filed a petition with the Florida PSC'”
CPK · Concentration risk · 10-K extracted
Chesapeake Utilities Corporatio (CPK) concentration risks
Updated
The most significant concentration Chesapeake Utilities Corporatio discloses is Florida PSC regulated operations, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Chesapeake Utilities Corporatio’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
Guernsey Power Station
“10-K Item 1: 'Our transmission business in Ohio, Aspire Energy Express, services one customer, Guernsey Power Station, to which it is the sole supplier.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The utility's disclosed concentration profile is modest in scale, covering a moderate regulatory dependency and a low-share single-customer dependency in a transmission sub-segment, both structural in character and typical of a regulated distribution utility operating across multiple service territories. The moderate exposure is regulatory: the Florida PSC has jurisdiction over the company's Florida natural gas distribution and electric operations, covering the largest regulated franchise in the company's portfolio. The filing references pending rate cases and petitions before the Florida PSC, which is the structural mechanism through which returns are set and recovered. For any regulated utility, the primary regulator of the largest franchise is inherently a moderate structural concentration, since that single commission controls the allowed return on a meaningful portion of invested capital. The low-share customer exposure is more idiosyncratic: the Ohio transmission business, Aspire Energy Express, services one customer — Guernsey Power Station — to which it is the sole supplier. A single-customer, single-supplier arrangement in a sub-segment is a dependency by definition, but the low disclosed size indicates it represents a small share of the overall enterprise. The symbiotic nature of the sole-supplier relationship provides some contractual stability, but any change in Guernsey Power Station's operating status or demand would directly affect that business unit. The two exposures do not compound each other — one is regulatory and Florida-focused, the other is contractual and Ohio-located. The overall profile is consistent with a diversified multi-state regulated utility where concentration risks are modest and well-understood within normal regulatory frameworks.
For the engine’s reasoning on CPK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Utilities - Regulated Gas
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| MDU | MDU Resources Group, Inc. | 3 | 0 | 0 | 3 |
| ATO | Atmos Energy Corporation | 1 | 0 | 0 | 1 |
| BKH | Black Hills Corporation | 0 | 2 | 0 | 2 |
| CPK● | Chesapeake Utilities Corporatio | 0 | 1 | 1 | 2 |
| CTRI | Centuri Holdings, Inc. | 0 | 1 | 0 | 1 |
| NI | NiSource Inc | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.