Chesapeake Utilities redeems some Florida Public bonds, will call more

By Angela McDaniels

Tacoma, Wash., May 18 - Chesapeake Utilities Corp. redeemed two of Florida Public Utilities Co.'s five series of first mortgage bonds and plans to redeem two additional series, according to presentation slides included in an 8-K filing with the Securities and Exchange Commission.

The company acquired Florida Public Utilities in October.

Chesapeake Utilities said it has total short-term debt capacity of approximately $130 million with $100 million available.

The company planned to make the presentation at the American Gas Association's Financial Forum, which is being held in Palm Beach, Fla., on Monday and Tuesday.

Chesapeake Utilities is a Dover, Del.-based diversified utility company. Florida Public Utilities distributes natural gas, propane and electricity and is based in West Palm Beach, Fla.

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