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Newsroom Archives — 2003

11/7/03:
Tampa Electric completes new credit facility
TECO Energy’s subsidiary, Tampa Electric Company, today announced that it had successfully closed on a new $250 million unsecured bank credit facility...


11/7/03:
TECO Energy subsidiary signs agreement to exit the propane business
TECO Energy today announced that its TECO Propane Ventures subsidiary, along with affiliates of Atmos Energy Corporation, Piedmont Natural Gas Company, Inc. and AGL Resources, Inc., has entered into an agreement...


11/3/03:
TECO Energy receives private letter ruling for synfuel operations
TECO Energy today reported that it has received its Private Letter Ruling (PLR) from the Internal Revenue Service for its Section 29 synthetic fuel production.


10/23/03:
TECO Energy reports third quarter results
TECO Energy, Inc. (NYSE:TE) today reported third quarter net income of $15.0 million compared with $118.9 million in the third quarter of 2002.


10/22/03:
TECO Energy declares quarterly dividend
At its meeting today, the Board of Directors of TECO Energy, Inc. declared a quarterly dividend of 19 cents per share...


10/21/03:
TECO Energy to webcast presentation to financial community on October 28
TECO Energy, Inc. (NYSE:TE) today announced that it plans to provide a live webcast of its presentation to the financial community...


10/7/03:
TECO Energy implements second phase of restructuring announced on Sept. 2
TECO Energy today announced staffing reductions made as a part of the restructuring initiative announced on September 2.


10/2/03:
TECO Energy completes sale of Hardee Power Station
TECO Energy’s TECO Power Services subsidiary today reported that it completed the sale of Hardee Power Partners, Ltd., the owners of the Hardee Power Station...


9/11/03:
TECO Energy agrees to sell 11 million shares of common stock
TECO Energy, Inc. (NYSE: TE) today reported that it has entered into an agreement for the sale of 11 million shares of its common stock...


9/2/03:
TECO Energy announces corporate consolidation
TECO Energy, Inc. (NYSE: TE) today announced a major corporate reorganization as part of its renewed focus on its core utility operations.


7/23/03:
TECO Energy reports second quarter results
TECO Energy, Inc. (NYSE:TE) today reported a second quarter loss of $101.9 million, compared with net income of $85.7 million for the same period in 2002.


7/22/03:
TECO Energy declares quarterly dividend
At its meeting today, the Board of Directors of TECO Energy, Inc. declared a quarterly dividend of 19 cents per share...


7/10/03:
TECO Energy responds to S&P credit watch
TECO Energy today responded to the announcement by Standard and Poor’s that the rating agency has placed the company on credit watch...


6/16/03:
TECO Energy completes note offering
TECO Energy, Inc. (NYSE: TE) announced the completion of its sale of $300 million of senior unsecured notes on June 13, 2003.


6/9/03:
TECO Energy announces note offering
TECO Energy, Inc. (NYSE: TE) announced today that it plans to offer unsecured notes through underwriters ...


4/25/03:
TECO Energy comments on Fitch ratings action
TECO Energy (NYSE: TE) today responded to Fitch Ratings' action to downgrade its senior unsecured debt rating to BB+.


4/22/03:
TECO Energy reports first quarter results
TECO Energy, Inc. (NYSE:TE) today reported first quarter net income of $2.7 million, compared with $75.4 million in 2002.


4/21/03:
TECO Energy responds to Moody’s ratings action
TECO Energy – (NYSE:TE) today responded to Moody’s Investors Service ratings action to downgrade its senior unsecured debt ratings to Ba1 with a negative outlook.


4/16/03:
TECO Energy officers to file additional form 4 reports this week, related to time-based incentive shares
TECO Energy, Inc. today reported that tomorrow, certain company officers will file Form 4 reports in connection with the vesting of time-vested restricted stock granted in 1998.


4/11/03:
TECO Energy meets cash generation target, outlines steps to further bolster financial position
Concurrent with its meeting with financial analysts today, TECO Energy is announcing the successful completion of the cash generation plan management unveiled in September 2002...


4/3/03:
TECO Energy comments on “Form 4” SEC filings
TECO Energy, Inc. (NYSE: TE) commented on the Form 4 filings with the Securities and Exchange Commission by its executive officers on Wednesday, April 2, 2003.


3/27/03:
TECO Power Services completes sale of Czech power interests, receives more than $30 million in proceeds
TECO Energy, Inc. (NYSE: TE) today announced that Aare-Tessin Ltd. for Electricity (Atel) has purchased the interests in the ECK Generating Project...


3/24/03:
TECO Energy reschedules financial update to April 11, 2003
TECO Energy, Inc. (NYSE: TE) today announced that it has rescheduled its previously announced Webcast to update its 2003 outlook and business drivers from March 28, 2003 to Friday April 11, 2003 at 8:15 AM.


3/12/03:
TECO Energy responds to Moody’s Investor Services credit concerns
TECO Energy, Inc. (NYSE: TE) today responded to the action taken by Moody’s Investor Service today to initiate a review for potential downgrade of the company’s debt.


3/7/03:
TECO Energy comments on executive compensation, Dow Jones coverage
TECO Energy today responded to an article circulated this morning by Dow Jones Newswires, focusing on the compensation of the company’s chief executive, Robert Fagan.


3/4/03:
TECO Energy outlook update planned for March 28, 2003
TECO Energy, Inc. (NYSE:TE) today announced that it plans to webcast an update of its 2003 outlook and business drivers on Friday March 28, 2003 at 8:15 AM.


2/5/03:
TECO Energy receives final $98 million cash installment from coalbed methane sale
TECO Energy (NYSE: TE) today reported that its TECO Coalbed Methane subsidiary has completed the sale of its coalbed methane gas- producing assets in Alabama and received the second installment of the cash proceeds of $98 million.


1/30/03:
TECO Energy names new director
TECO Energy today announced that Sherrill Hudson has been named to its Board of Directors. Hudson retired from Deloitte & Touche, LLP in August 2002, after 37 years of service.


1/22/03:
TECO Energy’s net income rises 9 percent
TECO Energy, Inc. (NYSE: TE) today reported that its full-year 2002 net income from continuing operations rose 9 percent to $298.2 million, up from $273.8 million in 2001.

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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