Florida Public Utilities

Another Notch On FPU’s Propane Belt

February 1, 2012–Flo-Gas Corporation, the propane subsidiary of Florida Public Utilities, purchased the assets of Barefoot Bay Propane Gas Company, providing piped propane gas and related services to residential and commercial customers in the community of Barefoot Bay in Brevard County, Florida.

Barefoot Bay is an adult community with almost 400 active accounts who will be welcomed to the fold with a hand-delivered greeting before the end of the month.  Florida Public Utilities acquired one long-term employee who will remain in service as a propane coordinator.

Purchased from Severn Trent, this acquisition supports the Company’s strategic initiative to grow the propane arm of Florida Public Utilities by expanding its presence throughout the state of Florida.

With aggressive commitment, Kevin Webber, Vice President of Business Development and Gas Operations and Barry Kennedy, Director, Gas Operations, have sought, and will continue to seek, lucrative business opportunities to further advance the tactical objectives identified for our propane entity.  Now, with the addition of Bob Hill, the new Director of Propane Operations, the trio will maintain its vigilance.