TECO ENERGY, INC.

TECO ENERGY, INC.

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Company Overview
TECO Energy, Inc. is the management holding company of a group engaged in diversified energy-related operations in the United States. The company is a leading energy holding company located in Tampa, Florida, traded on the New York Stock Exchange and part of the S&P 500 Index, an index containing the stocks of 500 corporations with large capital, most of which are American.
TECO Energy is responsible for strategic planning for the group and budget coordination as well as all major decisions relating to investments. The company also supervises the subsidiary companies and collects their financial data for analysis and comparison with targets and budgets. It is also responsible for the preparation of regular consolidated financial reports.
The company’s five core businesses are: the Florida utility businesses – Tampa Electric, a regulated utility serving more than 635,000 customers, and Peoples Gas System, Florida’s largest natural gas distributor serving more than 330,000 customers; TECO Coal – a coal mining operation producing both conventional coal and synthetic fuel and is headquartered in Corbin, Kentucky; TECO Transport – a river, gulf and ocean transportation business, transporting coal and other dry bulk commodities to ports along the Mississippi River and abroad; and TECO Guatemala – owns two power plants with long term sales agreements, as well as an ownership interest in Guatemala’s largest distribution utility.
The company’s vision is to be a company where people want to work, an organization that is an asset to the community, and a business in which investors want to invest.
Business Summary
TECO Energy, Inc. (TECO Energy) is a holding company for regulated utilities and other businesses. TECO Energy owns no operating assets but holds all of the common stock of Tampa Electric Company, and through its subsidiary TECO Diversified, Inc., owns TECO Coal Corporation and through its subsidiary TECO Wholesale Generation, Inc., owns TECO Guatemala, Inc. (TECO Guatemala), Tampa Electric Company and TECO Energy’s largest subsidiary, has two business segments. Tampa Electric division (Tampa Electric) provides retail electric service to more than 667,000 customers in West Central Florida with a net winter system generating capability of 4,719 megawatts. Peoples Gas System (PGS), is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in Florida. On March 13, 2009, TECO Guatemala sold its 16.5% interest in the Central American fiber optic telecommunications provider Navega.
Description and history
TECO Energy, Inc. (TECO Energy), incorporated in 1981, is a holding company for regulated utilities and other businesses. TECO Energy owns no operating assets but holds all of the common stock of Tampa Electric Company, and through its subsidiary TECO Diversified, Inc., owns TECO Coal Corporation and through its subsidiary TECO Wholesale Generation, Inc., owns TECO Guatemala, Inc. (TECO Guatemala), Tampa Electric Company and TECO Energy’s largest subsidiary, has two business segments. Tampa Electric division (Tampa Electric) provides retail electric service to more than 667,000 customers in West Central Florida with a net winter system generating capability of 4,719 megawatts. Peoples Gas System (PGS), the gas division of Tampa Electric Company, is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in Florida. On March 13, 2009, TECO Guatemala sold its 16.5% interest in the Central American fiber optic telecommunications provider Navega.

TECO Coal Corporation (TECO Coal) has 13 subsidiaries, located in Eastern Kentucky, Tennessee and Virginia. These entities own mineral rights, own or operate surface and underground mines, own interests in coal processing and loading facilities. TECO Guatemala primarily has investments in unconsolidated subsidiaries that participate in two contracted power plants and has an interest in Distribucion Electrica CentroAmericana II, S.A. (DECA II), which has an ownership interest in Guatemala’s distribution utility, Empresa Electrica de Guatemala, S.A. (EEGSA) and affiliated energy-related companies.

Tampa Electric-Electric Operations

Tampa Electric Company is a public utility operating within the state of Florida. Tampa Electric’s Tampa Electric division is engaged in the generation, purchase, transmission, distribution and sale of electric energy. The retail territory served comprises an area of about 2,000 square miles in West Central Florida, including Hillsborough County and parts of Polk, Pasco and Pinellas Counties. The principal communities served are Tampa, Winter Haven, Plant City and Dade City. In addition, Tampa Electric engages in wholesale sales to utilities and other resellers of electricity. It has three electric generating stations in or near Tampa, one electric generating station in southwestern Polk County, Florida, and one electric generating station located near Sebring, a city located in Highlands County in South Central Florida.

Peoples Gas System-Gas Operations

PGS operates as the Peoples Gas System division of Tampa Electric Company. PGS is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in the State of Florida. Gas is delivered to the PGS system through three interstate pipelines. PGS does not engage in the exploration for or production of natural gas. PGS operates a natural gas distribution system that serves more than 334,000 customers. The system includes approximately 11,000 miles of mains and 6,500 miles of service lines.

Business Line
The management holding company of a group engaged in diversified energy-related operations
Subsidiary
BCH MECHANICAL, INC.
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
2/1/1965
US SIC Code
4911
Company Address
Teco Plaza
702, North Franklin Street
City province or state postal code
33602, TAMPA, FL
Phone: +1 813 228 1111
Fax: +1 813 228 1670
Country address: UNITED STATES OF AMERICA
Website url: www.tecoenergy.com