{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-243016","form_type":"8-K","ticker":"CPK","cik":"0000019745","company_name":"CHESAPEAKE UTILITIES CORP","filed_at":"2023-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.151294+00:00","generated_at":"2026-06-10T08:23:41.524236+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Chesapeake Utilities to acquire Florida City Gas for $923.4M cash, expanding FL footprint","bullets":["Acquisition of ~120,000-customer FCG from NextEra Energy (NEE) for $923.4M cash; close expected Q4 2023.","Financing via debt and equity; $965M committed bridge facility from Barclays tied to closing.","Doubles CPK's Florida natural gas ops; regulated net plant +30%, customers +50%.","New capex guidance $1.5-$1.8B (2024-2028); EPS guided $7.75-$8.00 for 2028 (~8% CAGR).","Adds ~$500M of investment opportunities over 5 years; regulated business mix rises to 87%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-243016","json":"https://secwatch.observer/filing/0001193125-23-243016.json","markdown":"https://secwatch.observer/filing/0001193125-23-243016.md","text":"https://secwatch.observer/filing/0001193125-23-243016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/19745/000119312523243016/0001193125-23-243016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/19745/000119312523243016/d483703d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:23:41.524236+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"18c1b3025dd4628747e7d53a4e0ece1d91285d77","claim":"CHESAPEAKE UTILITIES CORP entered into SPA with Florida Power & Light Company valued at approximately $923.4 million (effective 2023-09-26).","evidence_excerpt":"On September 26, 2023, Chesapeake Utilities Corporation, a Delaware corporation (the “Company”), entered into a stock purchase agreement (the “SPA”) with Florida Power & Light Company, a Florida corporation (“FPL”), to acquire all of the outstanding common shares of Pivotal Utility Holdings, Inc., a wholly owned subsidiary of FPL doing business as Florida City Gas (“FCG”), for approximately $923.4 million in cash, subject to customary purchase price adjustments.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523243016/0001193125-23-243016-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Florida Power & Light Company"},{"label":"Value","value":"approximately $923.4 million"},{"label":"Effective","value":"2023-09-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}