SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, DC  20549
                              FORM 10-Q
(Mark One)

[x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2001

                                      OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the transition period from        to

Commission file number 0-1055

                    FLORIDA PUBLIC UTILITIES COMPANY
	(Exact name of registrant as specified in its charter)

           Florida                                   59-0539080
(State or other jurisdiction of       (I.R.S. Employer Identification No.)
 incorporation or organization)

401 South Dixie Highway, West Palm Beach, FL          33401
  (Address of principal executive offices)          (Zip Code)

(Registrant's telephone number, including area code)   (561) 832-2461

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

  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period
  that the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.  Yes x    No

           APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
              PROCEEDINGS DURING THE PRECEDING FIVE YEARS

  Indicate by check mark whether the registrant has filed all documents and
  reports required to be filed by Sections 12, 13 or 15(d) of the Securities
  Exchange Act of 1934 subsequent to the distribution of securities under a
  plan confirmed by a court.  Yes     No    N/A

                 APPLICABLE ONLY TO CORPORATE ISSUERS

  Indicate the number of shares outstanding of each of the issuer's classes
  of common stock, as of the latest practicable date.  At July 31, 2001
  there were 2,851,061 shares of $1.50 par value common shares outstanding.


                   FLORIDA PUBLIC UTILITIES COMPANY
         CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
                           (in thousands)

                                        June 30,           December 31,
                                         2001                 2000
ASSETS

Utility Plant                          $139,074             $132,903
  Less accumulated depreciation          50,511               48,703
  Net utility plant                      88,563               84,200
Current Assets
  Cash                                       32                   66
  Accounts receivable                     9,052               11,401
  Allowance for uncollectible accounts     (118)                (162)
  Inventories                             2,761                2,884
  Prepayments and deferrals                 175                  452
  Underrecovery of fuel and conservation    102                  903
      Total                              12,004               15,544
Investments Held in Escrow for
  Environmental Costs                     2,879                2,876
Deferred Charges                          6,470                5,968
      Total                           $ 109,916            $ 108,588

CAPITALIZATION AND LIABILITIES

Capitalization
  Common shareholders' equity          $ 28,653             $ 27,510
  Preferred stock                           600                  600
  Long-term debt                         23,500               23,500
      Total                              52,753               51,610

Current Liabilities
  Notes payable                          21,735               17,900
  Accounts payable                        5,231               10,337
  Insurance accrued                       2,386                2,389
  Interest accrued                          331                  625
  Other                                   4,519                2,577
  Customer deposits                       4,084                4,192
      Total                              38,286               38,020


Deferred Credits                          9,261                8,893

Deferred Income Taxes and
  Regulatory Liability                    9,616               10,065
      Total                           $ 109,916            $ 108,588

See notes to condensed consolidated financial statements.


                      FLORIDA PUBLIC UTILITIES COMPANY
          CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
               (dollars in thousands, except per share data)

                                 hree Months Ended         Six Months Ended
                                       June 30,               June 30,
                                  2001        2000         2001        2000
Revenues
  Electric                     $ 9,464     $ 9,455     $ 19,376    $ 18,713
  Natural gas                   10,946       8,292       29,766      18,516
  Propane gas                    1,275       1,005        3,022       2,437
  Water                            812         787        1,432       1,341
    Total revenues              22,497      19,539       53,596      41,007

  Pass-through expenditures
   including cost of fuel       14,634      12,238       36,563      25,085

Gross Profit                     7,863       7,301       17,033      15,922

Operating Expenses
  Operations                     4,580       3,975        8,792       7,896
  Depreciation                   1,132       1,169        2,405       2,341
  Taxes other
   than income taxes               607         567        1,269       1,167
  Income taxes                     226         249        1,011       1,010
    Total operating expenses     6,545        5,960      13,477      12,414

Operating Income                 1,318        1,341       3,556       3,508

Interest Expense                  (863)        (851)     (1,716)     (1,681)
Other - Net                         25           49         143         125

Net Income                         480          539       1,983       1,952

Preferred Stock Dividends            7            7          14          14

Earnings for Common Stock      $   473      $   532     $ 1,969     $ 1,938

Earnings Per Common Share      $   .17      $   .19     $   .69     $   .69

Dividends Per Common Share     $   .18      $   .17     $   .36     $   .34

Average Shares Outstanding   2,841,669    2,815,001   2,839,233   2,812,901

See notes to condensed consolidated financial statements.

                      FLORIDA PUBLIC UTILITIES COMPANY
	CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                              (in thousands)

                                                       Six Months Ended
                                                           June 30,
                                                     2001            2000

Net Cash Flow provided by Operating Activities    $ 3,370         $ 3,915

Cash Flows from Investing Activities
  Construction expenditures                        (6,719)         (4,192)
  Other                                               303             (24)
    Net cash used in investing activities          (6,416)         (4,216)

Cash Flows from Financing Activities
  Net change in short-term borrowings               3,835           1,000
  Dividends paid                                   (1,034)           (968)
  Other                                               211             203

    Net cash provided by financing activities       3,012             235

Net change in cash                                    (34)            (66)

Cash at beginning of period                            66             165

Cash at end of period                             $    32         $    99


See notes to condensed consolidated financial statements.


                      FLORIDA PUBLIC UTILITIES COMPANY
           NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                  FOR THE SIX MONTHS ENDED JUNE 30, 2001


1. In the opinion of the Company the accompanying unaudited consolidated
financial statements have been prepared in accordance with accounting
principles generally accepted in the United States of America ("generally
accepted accounting principles") for interim financial information and with
the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly,
they do not include all of the information and footnotes required by
generally accepted accounting principles for complete financial statements.
All adjustments, consisting of normal recurring accruals, considered
necessary for a fair presentation have been included.  The operating results
for the period are not necessarily indicative of the results that may be
expected for the full year.  For further information refer to the audited
consolidated financial statements and footnotes thereto included in the
Company's Annual Report on Form 10-K for the year ended December 31, 2000.

2. The First Mortgage Bond Indentures provide for restrictions on the payment
of cash dividends.  At June 30, 2001, under the most restrictive provision,
approximately $6,200,000 of retained earnings were unrestricted.

3. Segment information is summarized as follows (in thousands):

Three months ended:
                            Regulated           Non-Regulated
  June 30, 2001       Gas    Electric   Water     Propane Gas  Consolidated

  Revenues        $10,946      $9,464   $ 812         $1,275        $22,497
  Operating Income    527         540     184             67          1,318

  June 30, 2000

  Revenues          8,292       9,455     787          1,005         19,539
  Operating Income    529         565     224             23          1,341

  Six months ended:
                            Regulated           Non-Regulated
  June 30, 2001       Gas    Electric   Water     Propane Gas  Consolidated

  Revenues        $29,766     $19,376 $ 1,432          $3,022       $53,596
  Operating Income  1,795       1,234     300             227         3,556

  June 30, 2000

  Revenues         18,516      18,713   1,341           2,437        41,007
  Operating Income  1,794       1,218     323             173         3,508

Notes:
   1. Operating income consists of revenues less operating expenses and does
      not include interest and other income.

   2. Total assets have not changed materially from December 31, 2000.

4. Recent Accounting Pronouncements
Effective January 1, 2001, the Company adopted Statement of Financial
Accounting Standards ("SFAS") No. 133 "Accounting for Derivative
Instruments and Hedging Activities" as amended by SFAS No. 138, "Accounting
for Certain Derivative Instruments and Certain Hedging Activities."  The
Statement establishes accounting and reporting standards requiring that
every derivative instrument (including certain derivative instruments
embedded in other contracts) be recorded in the balance sheet as either an
asset or liability measured at its fair value.  The statement requires that
changes in the derivatives' fair value be recognized currently in earnings
unless specific hedge accounting criteria are met.  The effects of applying
SFAS Nos. 133 and 138 through June 30, 2001 were not material to the
Company's financial statements.

In June 2001, the Financial Accounting Standards Board ("FASB") reached
conclusions on several derivative accounting issues related to the utility
industry, which became effective July 1, 2001.  Management believes that
any effect will be limited to the balance sheet, without any material effect
to the income statement.

In July 2001, the FASB issued SFAS No. 141, "Business Combinations," and
SFAS No. 142, "Goodwill and Other Intangible Assets."  SFAS No. 141 requires
that the purchase method of accounting be used for all business combinations
initiated after June 30, 2001 and eliminates the pooling-of-interests method
of accounting.  SFAS No. 142 specifies that, among other things, intangible
assets with an indefinite useful life and goodwill will no longer be
amortized.  The standard requires goodwill to be periodically tested for
impairment and written down to fair value if considered impaired.  The
provisions of SFAS No. 142 are effective for fiscal years beginning after
December 15, 2001, and are effective for interim periods in the initial
year of adoption.  The effects of adopting SFAS Nos. 141 and 142 are not
currently material to the Company's financial statements, although future
acquisitions would be effected by these statements.

                      MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                   FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Financial Condition.  The Company has a $20,000,000 line of credit with its
primary bank, of which $ 16,735,000 is outstanding, and a short-term note of
$5,000,000 of which $2,500,000 is due July 31, 2001 and $2,500,000 due
September 30, 2001.  The line and note provides for interest at LIBOR plus
fifty basis points.  The Company is approved by the Florida Public Service
Commission to borrow up to $25,000,000 on a line of credit basis,
$24,000,000 of which is available for general corporate purposes, with the
remaining $1,000,000 reserved as a contingency for major storm repairs in
the Marianna electric division.

Florida Public Utilities Company (FPUC) filed an application on
December 12, 2000, seeking Commission approval pursuant to Section 366.04,
Florida Statutes <www.leg.state.fl.us/statutes> and Chapter 25-8, Florida
Administrative Code, to issue and sell and/or exchange any combination of
long-term debt, short-term notes and equity securities and/or to assume
liabilities or obligations as guarantor, endorser or surety during calendar
year 2001. FPUC filed an amendment to its original application on
January 19, 2001, which increased the dollar amount of its authority to
$60 million in long-term debt, short-term notes and equity securities, or
any combination thereof.  Notice of FPUC's application was given in the
Florida Administrative Weekly on February 9, 2001.  The Company received
approval from the Florida Public Service Commission to issue a total
aggregate debt amount not to exceed $60 million on March 14, 2001.  On
April 17, 2001, stockholders approved an amendment to the Company's
Certificate of Reincorporation to increase the authorized shares of
Common Stock from 3,500,000 to 6,000,000 shares.

The Company initiated the registration process for issuing insured quarterly
notes for sale to the public, in $5,000 increments, for a total amount not
to exceed $15,000,000.  The Company expects the sale to take place in
September or October 2001.

Overview.  The Company is organized into three regulated operations:
natural gas, electric and water, and a non-regulated operation, propane gas.
The water operations are not significant, approximating 3% of 2001 revenues.
Contributing to variations in gross profits are the effects of seasonal
weather conditions, the timing of rate increases, and the migration of
winter residents and tourists to Florida during the winter season.

Results of Operations.

Summary of Gross Profit:		Quarter Ended June 30,
     (in thousands)                     2001              2000

  Natural Gas                        $ 3,649           $ 3,490
  Propane Gas                        $   726           $   620
  Electric                           $ 2,709           $ 2,438

                                         Year to Date June 30,
                                        2001              2000

  Natural Gas                        $ 8,560           $ 8,177
  Propane Gas                        $ 1,647           $ 1,492
  Electric                           $ 5,454           $ 4,970

Gross Profit.  Gross Profit, defined as gross operating revenues less fuel
costs, conservation costs, and taxes based on revenues that are passed
through to customers, provides a more meaningful basis for evaluating utility
operations. Fuel and conservation costs along with taxes passed through to
customers have no effect on results of operations and fluctuations in such
costs distort the relationship of gross operating revenues and gross profit
(net revenues retained by the Company for operating purposes).

Three Months Ended June 30, 2001 Compared
with Three Months Ended June 30, 2000

Natural and Propane Gas Service.  Natural gas service gross profit increased
$159,000.  The gross profit increased primarily due to increases in customers
and total therm sales, along with $60,000 in newly assessed late fees in
2001. The natural gas segment of the Company experienced an increase in sales
of over 21,000 therms, and a 3% increase in customers over the same quarter
in 2000.  Propane also experienced an increase in unit sales and customers
from the same quarter last year and $10,000 in late fees in 2001.

Electric Service.  Electric service gross profit increased $271,000, KWH
consumption decreased 6% and customer growth was relatively flat.  Last year
there was a reduction to revenue of $172,000 to reserve for estimated
over-earnings.  The Company began charging late fees from customers in 2001
that approximated $35,000 for electric customers during the quarter.

Other - Net.  Income from merchandise and services decreased over $20,000.
The gas division's conservation program contributed to merchandise sales
increases by offering rebates to customers on merchandise purchases.

Operating Expenses.  Operating expenses in 2001 increased by $608,000, or
10%, excluding cost of fuel and conservation expenses, taxes passed on to
customers, and income taxes. In 2001 the Company added to its labor force
resulting in additional payroll expense of $350,000 and other labor related
expenses.  Excluding labor increases, maintenance expenses increased
$135,000 and operation expenses were up $114,000.

The added payroll is supporting growth, a new customer information and
billing system, a start up operation for the new Fernandina propane division,
new conservation programs, a duplication in the quarter of a Human Resource
Manager, two safety directors, the change of all vehicle maintenance to
in-house, and new positions in the water department as required by
regulation and growth. The water positions and related expenditures will be
recovered in future revenue, as they were included in the recent rate cases
approved by the Florida Public Service Commission.  Conservation expenses
including payroll are recovered in revenue.  The safety directors should
assist in lowering workman's compensation insurance costs and lost time.
The start up propane operation is expected to generate adequate revenue to
cover operating costs within two years. Performing vehicle maintenance
in-house should produce savings in the future.

Maintenance increases were due to additional tree trimming in the electric
divisions, substation maintenance work, and unexpected weather related
outages.  It is expected that tree trimming expenses will be reduced during
the remainder of the year.  Operation expenses were up due to a more
sophisticated and outsourced billing system, selling expenses in the natural
gas area due to expanding marketing efforts, and temporary assistance
required by a new customer information system and customer inquiries
regarding higher fuel costs and a new bill format.

Six Months Ended June 30, 2001 Compared
with Six Months Ended June 30, 2000

Natural and Propane Gas Service.  Natural gas service gross profit
increased $383 with transportation revenues accounting for $8,000 of the
increase as additional customers are opting to purchase their own gas and
use our system to transport the gas to their location. The remaining
$375,000 increase in gross profit was due principally to a 4% increase in
average customers and over a 3% increase in consumption, excluding
transportation and off-system sales, resulting from customer growth and
colder weather in January and March of 2001. Late fees began in 2001 and
amounted to over $80,000.

Propane gas gross profit increased $155,000.  The Fernandina start up
operation generated $52,000 of the increase with cold weather in January
and March contributing to the remaining increase, in addition to new late
fees in 2001 of over $12,000.

Electric Service.  Electric service gross profit increased $484,000.
Average customers increased over 2% with consumption about the same level.
Consumption increased for the year, excluding General Service Large Volume
customers, over 5%, which was a major contributing factor to the gross
profit increase.  Also, last year $172,000 was reserved for overearnings
reducing gross profit.  Newly established late fees amounted to over $60,000
in additional revenue.

Operating Expenses.  In 2001, operating expenses increased $1,062,000, or
9.3%, excluding cost of fuel and conservation expenses, taxes passed through
to customers, and income taxes. In 2001 the Company added to its labor force
resulting in additional payroll expense of $470,000 and other labor related
expenses.  Excluding labor increases, maintenance expenses increased over
$200,000 and operation expenses were up $219,000.

The added payroll is supporting growth, a new customer information and
billing system, a start up operation for the new Fernandina propane division,
new conservation programs, a duplication in the quarter of a Human Resource
Manager, two safety directors, the change of all vehicle maintenance to
in-house, and new positions in the water department as required by regulation
and growth.  The water positions and related expenditures will be recovered
in future revenue, as they were included in the recent rate cases approved by
the Florida Public Service Commission.  Conservation program expenses are
recovered through revenues. The safety directors should assist in lowering
workman's compensation insurance costs and lost time.  As the start up
propane operation continues it is expected to generate additional revenue to
cover operating costs. Performing vehicle maintenance in-house should produce
savings in the future.

Maintenance increases were due to the electric division's additional tree
trimming, substation maintenance work, transmission line access, overhead
line balancing related to the cold weather earlier in the year, and
unexpected weather related outages.  In the gas division we had expenses
relating to the repositioning of mains due to road construction projects.
It is expected that tree trimming expenses will be reduced during the
remainder of the year.  Operation expenses were up due to a more
sophisticated and outsourced billing system, selling expenses in the
natural gas area due to expanding marketing efforts, and temporary
assistance required by a new customer information system and customer
inquiries regarding higher fuel costs and a new bill format.


PART II.

                      OTHER INFORMATION

Item 4. Submission of Matters to a vote of Security Holders.

(a) An annual meeting was held April 17, 2001

(b) Not required

(c) To vote for adoption of an amendment to the Company's
Certificate of Reincorporation to increase the number of authorized
shares of Common Stock from 3,500,000 to 6,000,000 shares.
                      For:     1,694,171
                      Against:   217,679
                      Withheld:  364,671

Item 6. Exhibits and reports on Form 8-K

(a) None required

(b) Reports on Form 8-K:
There were no reports on Form 8-K filed for the quarter ending
March 31, 2001.

                      SIGNATURES

     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 thereunto duly authorized.

                                        FLORIDA PUBLIC UTILITIES COMPANY
                                        (Registrant)


                                        By /s/ George M Bachman
                                        George M Bachman
                                        Chief Financial Officer

                                                  AND


                                        By /s/ John T English
                                        John T English
                                        Chief Executive Officer


August 14, 2001