Exhibit 12

Chesapeake Utilities Corporation

Ratio of Earnings to Fixed Charges

For the Years Ended December 31,	2011		2010		2009 (a)		2008		2007
(in thousands, except ratio of earnings to fixed charges)
Income from continuing operations	$	27,622	$	26,056	$	15,897	$	13,607	$	13,218
Add:
Income taxes		17,989		16,923		10,918		8,817		8,597
Portion of rents representative of interest factor		363		356		333		294		245
Interest on indebtedness		8,954		9,090		7,042		6,110		6,539
Amortization of debt discount and expense		46		56		43		47		51
Earnings as adjusted	$	54,974	$	52,481	$	34,233	$	28,875	$	28,650
Fixed Charges
Portion of rents representative of interest factor	$	363	$	356	$	333	$	294	$	245
Interest on indebtedness		8,954		9,090		7,042		6,110		6,539
Amortization of debt discount and expense		46		56		43		47		51
Fixed Charges	$	9,363	$	9,502	$	7,418	$	6,451	$	6,835
Ratio of Earnings to Fixed Charges		5.87		5.52		4.61		4.48		4.19

(a) Includes the results from the merger with Florida Public Utilities Company, which became effective on October 28, 2009.