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Newsroom Archives — 2002

12/20/02:
TECO Energy completes sale of coalbed methane properties
TECO Energy (NYSE:TE) today announced that its TECO Coalbed Methane subsidiary has completed the sale of substantially all of its assets in Alabama to the Municipal Gas Authority of Georgia.


12/20/02:
TECO Energy files registration statement relating to recent 144A offering and universal shelf registration statement with the Securities and Exchange Commission
Tampa, FL, December 20, 2002 - TECO Energy (NYSE:TE) announced that it has filed an Exchange Offer Registration Statement with the Securities and Exchange Commission (SEC), as is customary following the company’s recent issuance of $380 million of 5-year notes in a Rule 144A offering.


11/16/02:
TECO Energy expands John Ramil's leadership role
TECO Energy Chairman and CEO Robert Fagan today announced the promotion of John B. Ramil to Executive Vice President for TECO Energy.


11/13/02:
TECO Energy comments on status of $350-million credit facility, Moody's outlook
TECO Energy (NYSE:TE) today reported that the company exercised its right to convert a $350-million credit facility to a one-year term loan while it continues to work toward renewing it with the banks.


11/11/02:
TECO Energy reports progress on its plan, credit facilities and bond exchange and responds to investor concerns
TECO Energy (NYSE:TE) reported today that it is making good progress on the execution of its recently announced 2003 plan. In related news, the company announced that it has received written commitments for the renewal of Tampa Electric's $300 million credit facility.


10/23/02:
TECO Energy completes common stock offering, including overallotment shares
TECO Energy (NYSE:TE) announced that it has completed its public offering and sale of new common shares.


10/17/02:
TECO Energy reports detailed third quarter results, total earnings per share up almost 6 percent to $.76 per share
TECO Energy, Inc. (NYSE: TE) today reported third quarter earnings from continuing operations of $.72 per share (basic), up 7 percent from $.67 per share in 2001.


10/16/02:
TECO Energy declares quarterly dividend
At its meeting today, the Board of Directors of TECO Energy, Inc. declared a quarterly dividend of 35.5 cents per share on the company’s common stock.


10/11/02:
TECO Energy sells 17 million shares of common stock
TECO Energy (NYSE: TE) today reported that it has entered into an underwriting agreement for the sale by the company of 17 million primary shares of its common stock at a price to the public of $11 per share through underwriters led by Morgan Stanley.


10/8/02:
TECO Energy reports preliminary third quarter results and announces plans to sell new shares
TECO Energy, Inc. (NYSE:TE) today reported preliminary third quarter results and announced it is accelerating a portion of its 2003 plan and increasing its certainty by selling new shares.


9/24/02:
TECO Energy comments on recent rating agency actions
TECO Energy, Inc. management today commented on the recent ratings actions by Fitch, Moody’s Investors Service and Standard and Poor’s.


9/24/02:
TECO Energy to host webcast on Wednesday, Sept. 25
TECO Energy today announced that Chairman, President and CEO Robert D. Fagan and Senior Vice President and CFO Gordon L. Gillette will host a webcast on Wednesday, September 25, 2002 at 9:00 a.m. Eastern Standard Time.


9/23/02:
TECO Energy expects solid EPS growth and double-digit net income growth for 2002, provides 2003 outlook
TECO Energy’s top management today said the company expects 2002 earnings-per-share to increase over 2001, and that net income is expected to grow by more than 10 percent.


9/9/02:
TECO Energy accelerates 2003 budget process, calls cash flow and dividend “top priorities”
TECO Energy today announced that it has accelerated its 2003 budgeting process, which is currently underway. In the next few weeks, the company will respond definitively to recent market reports questioning its future earnings and dividend payment prospects.


8/14/02:
TECO Energy certifies annual, quarterly and interim reports to SEC
TECO Energy today reported that CEO Robert Fagan and CFO Gordon Gillette have filed certifications of the company’s financial reports with the Securities and Exchange Commission (SEC).


7/18/02:
TECO Energy reports second quarter earnings per share up 11 percent to $.59 per share on 19 percent higher net income
TECO Energy, Inc. (NYSE:TE) today reported second quarter earnings of $.59 per share (basic), up 11 percent from $.53 per share in 2001.


7/17/02:
TECO Energy declares quarterly dividend
At its meeting today, the Board of Directors of TECO Energy, Inc. declared a quarterly dividend of 35.5 cents per share...


6/18/02:
TECO Energy completes common stock offering, including over-allotment shares
TECO Energy (NYSE:TE) today announced that it completed its public offering of a total of 15.525 million new common shares.


5/30/02:
TECO Energy affirms 2002 earnings guidance
TECO Energy, Inc. (NYSE: TE) today affirmed its earnings guidance to the financial community in conjunction with its announced offering of 13.5 million shares of common stock.


5/30/02:
TECO Energy announces common stock offering
TECO Energy, Inc. (NYSE: TE) announced today that it plans to offer 13.5 million shares of its common stock through underwriters jointly led by Credit Suisse First Boston and UBS Warburg.


5/21/02:
TECO Energy defines company's role in energy trading and power marketing
TECO Energy affirmed today that the company has never traded in the California energy markets, and that none of its subsidiaries has been involved in any region of the country in so-called “wash” or “round-trip” trades that have been widely reported.


4/17/02:
TECO Energy announces dividend increase
TECO Energy announced today that its quarterly dividend will increase nearly 3 percent, from 34.5 cents per share to 35.5 cents per share.


4/17/02:
TECO Energy first quarter net income up 8 percent; Earnings per share total $.54
TECO Energy, Inc. (NYSE:TE) today reported first quarter net income increased 8 percent to $75.4 million, compared with $69.7 million in 2001. Earnings per share for the quarter were $.54 (basic), unchanged from the same period in 2001.


3/5/02:
TECO Energy annual report available; Shelf registration statement to be filed with the SEC
TECO Energy, Inc. (NYSE: TE) today announced that its 2001 Annual Report to Shareholders will be available on the Investor Relations page of its Web site on or about March 5, 2002.


1/28/02:
TECO Transport unveils new subsidiary identities
TECO Energy’s TECO Transport subsidiary has unveiled new identities for its three subsidiaries...


1/23/02:
Underwriter exercises overallotment option for additional convertible securities
TECO Energy, Inc. (NYSE: TE) today announced that its underwriter, Goldman Sachs & Co., exercised its overallotment option to purchase an additional $49.1 million of TECO Energy’s equity security units originally issued on January 15, 2002.


1/22/02:
Financing resumes on TECO Energy/Panda Energy independent power projects
TECO Power Services Corporation and Panda Energy International, Inc. today announced that they have resolved all outstanding issues related to the $1.6-billion, five-year non-recourse bank financing for the construction of the two largest independent power projects in the nation, and that funding has resumed.


1/16/02:
TECO Energy declares quarterly dividend
At its meeting today, the Board of Directors of TECO Energy, Inc. (NYSE: TE) declared a quarterly dividend of 34.5 cents per share...


1/15/02:
TECO Energy completes sale of $400 million of securities
TECO Energy, Inc. (NYSE: TE) today reported that it has completed the previously announced sale of $400 million of mandatorily convertible securities, now traded as TE PRU.


1/9/02:
TECO Energy announces sale of $400 million of mandatorily convertible securities
TECO Energy, Inc. (NYSE: TE) announced today that it has entered into an underwriting agreement with Goldman Sachs & Co. for the sale of 16 million of mandatorily convertible securities in the form of 9.5 percent equity security units at $25 per unit.


1/9/02:
TECO Energy reports fourth quarter and full-year 2001 earnings and updates financial outlook and information
TECO Energy, Inc. (NYSE:TE) today reported its 2001 financial results and provided updated information on its 2002 outlook...

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CHERIE JACOBS
TECO Energy, Tampa Electric, Peoples Gas
TECO Energy, Inc.
702 N. Franklin Street
Tampa, Florida 33602
E-mail: cljacobs@tecoenergy.com Email Icon