8-K

United States

Securities and Exchange Commission

Washington, D.C. 20549

_______________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 31, 2006

Chesapeake Utilities Corporation

(Exact name of registrant as specified in its charter)

Delaware	001-11590	51-0064146
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	File Number)	Identification No.)

909 Silver Lake Boulevard, Dover, Delaware 19904

(Address of principal executive offices, including Zip Code)

(302) 734-6799

(Registrant's Telephone Number, including Area Code)

_______________________________________________________________

(Former name, former address and former fiscal year, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.02. Termination of a Material Definitive Agreement.

Chesapeake Utilities Corporation (“Chesapeake” or “the Company”) and Paul M. Barbas were parties to an Executive Employment Agreement (“Agreement”) dated August 4, 2003. Mr. Barbas has resigned from the Company effective September 30, 2006, as described more fully below and in the attached press release, and will no longer be employed by the Company pursuant to the Agreement. The Agreement contains certain limited noncompetition covenants to which Mr. Barbas will be subject for a period of 15 months commencing September 30, 2006.

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On September 7, 2006, Chesapeake issued a press release announcing that Paul M. Barbas resigned as Executive Vice President and Chief Operating Officer of the Company effective September 30, 2006. The Company received Mr. Barbas’ notice of resignation on August 31, 2006, which indicated that Mr. Barbas was pursuing another career opportunity.

A copy of the press release announcing Mr. Barbas’ resignation is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibit 99.1 — Press Release of Chesapeake Utilities Corporation, dated September 7, 2006.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Chesapeake Utilities Corporation

/s/ John R. Schimkaitis

—————————————

John R. Schimkaitis

President and Chief Executive Officer

Date: September 7, 2006

EX-99.1

Exhibit 99.1

[Chesapeake Utilities

Corporation Logo]

FOR IMMEDIATE RELEASE

September 7, 2006

NYSE Symbol: CPK

CHESAPEAKE UTILITIES CORPORATION ANNOUNCES

CHIEF OPERATING OFFICER RESIGNATION

DOVER, DE - John R. Schimkaitis, President and CEO of Chesapeake Utilities Corporation (NYSE: CPK) headquartered in Dover, DE, announced today that Paul M. Barbas, Executive Vice President and Chief Operating Officer, has resigned from the Company effective September 30, 2006 to pursue another career opportunity.

“Over the last three years, Paul has been instrumental in helping the Company expand and execute its growth strategy. Paul’s understanding of the overall natural gas industry, his relationships within the industry and his past experience with unregulated businesses have bode well for Chesapeake. We are saddened to see Paul leave but are excited for him as he moves on to the next level of his career plan,” noted Mr. Schimkaitis.

“Fortunately, we have a deep management team that has many years of experience and that has worked closely with both Paul and myself in developing and executing the Company’s strategic plan,” added Mr. Schimkaitis.

“Being part of the Chesapeake team has been an honor. While I am excited about my next career opportunity, I will miss working with all of the employees and the directors of the Company. Over the last three years, Chesapeake has generated significant growth and is positioned for additional expansion well into the future,” noted Mr. Barbas.

Mr. Barbas joined Chesapeake in August 2003 as Vice President, was subsequently promoted to Executive Vice President in October 2004 and then to Chief Operating Officer in December 2005.

Matters discussed in this release may include forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements. Please refer to the Cautionary Statement in the Company’s report on Form 10-K for further information on the risks and uncertainties related to the Company’s forward-looking statements.

Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, marketing and transmission, propane gas distribution and wholesale marketing, advanced information services and other related businesses. Information about Chesapeake’s businesses is available at www.chpk.com.

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FOR MORE INFORMATION:

John R. Schimkaitis, President and CEO

302.734.6799