TECO Energy Announces Organizational Changes and New Leadership Team

Company Efficiencies Expected in Electric and Gas Operations and Support
Functions to Better Serve Customers
TAMPA, Fla.--(Business Wire)--
TECO Energy, Inc. (NYSE:TE) today announced a new senior executive team
structure as part of its response to industry changes, economic uncertainties
and the overall need to maintain a lean and efficient organization. The changes
include establishing a single management team over the electric and gas
divisions of Tampa Electric Company, and the integration of operating and
support functions. A new Business Strategy team will also be created at TECO
Energy to identify opportunities that position the group of companies for growth
in an environment of significant industry policy changes.

Chairman of the Board and Chief Executive Officer Sherrill W. Hudson said, "Many
companies, local and nationwide, have been affected by the sluggish economy and
slowdown in growth. TECO Energy is no exception. As we balance current and
future environmental, economic and energy factors, it is clear that we need to
continue to improve efficiencies in order to enhance our strong financial
position moving forward.

"Our companies have already taken numerous steps to reduce costs by implementing
process improvements and limiting compensation and new hires. The organizational
change is designed to ensure a continued focus on cost management through
enhanced productivity and efficiency through untapped synergies."

Hudson and President and Chief Operating Officer John B. Ramil will remain in
their current roles, with Ramil assuming additional direct reports. Key changes
in the TECO Energy senior management team reporting to Ramil include:

Gordon L. Gillette (formerly Executive Vice President-Finance and Chief
Financial Officer, and President of TECO Guatemala) is named the new president
for both Tampa Electric and Peoples Gas. Gillette will be responsible for
operations of the utilities including Energy Supply, Energy Delivery Operations
and Engineering, Customer Care, Fuels Management, TECO Foundation and Regulatory
Affairs.

Phil L. Barringer (formerly Vice President - Controller, Operations) is named
the President of TECO Guatemala and Vice President - Human Resources. Barringer
will be responsible for all aspects of the company`s Guatemalan operations
including generation and energy sales. Barringer will also be responsible for
corporate human resource activities.

Sandra W. Callahan (formerly Vice President - Treasury and Risk Management) is
named Vice President - Finance and Accounting and Chief Financial Officer
responsible for all corporate and operational accounting functions, corporate
taxes, investor relations, corporate finance and risk oversight.

Charles A. Attal III will continue in his current position as Senior Vice
President - General Counsel and Chief Legal Officer. In addition to his current
legal responsibilities, Attal will assume additional responsibility for state
and federal governmental affairs.

Deirdre A. Brown (formerly Vice President - Customer Service and Regulatory
Affairs) is named Vice President - Business Strategy and Compliance and Chief
Ethics and Compliance Officer. Brown will lead a newly created department for
business strategy and compliance in addition to financial and business analysis,
corporate compliance, audit services, corporate communications and corporate
safety responsibilities. She will be responsible for policy and strategy
development and coordination of efficiency improvements.

J. J. Shackleford (President, TECO Coal) and Clinton E. Childress (Senior Vice
President and Chief Human Resource Officer) will continue in their current
positions and will report to Ramil. In addition, Barringer will report to
Childress on his Human Resources responsibilities.

Ramil said, "A financially strong TECO Energy will best raise the capital
necessary to serve customers in a reliable, economical and environmentally
friendly way. Over the next few months, this new leadership team will review
their organizations and identify ways to capitalize on productivity improvements
and synergies."

Ramil also explained that "Managing operating and capital expenditures,
improving cash flow and maintaining reliable service are basic expectations from
our customers, team members and shareholders. I am confident these changes will
result in a stronger company that is well positioned for the significant changes
in our industry."

The new TECO Energy corporate structure has allowed Tampa Electric Company
President Chuck Black and Peoples Gas President Bill Cantrell to retire after 36
and 34 years of distinguished service, respectively.

"Both Chuck and Bill leave a legacy of extraordinary contributions to TECO
Energy" said John Ramil.

TECO Energy, Inc. (NYSE:TE) is a diversified energy-related holding company
based in Tampa. Its principal businesses are Tampa Electric, Peoples Gas, TECO
Guatemala and TECO Coal.

Note:This press release contains forward-looking statements, which are subject
to the inherent uncertainties in predicting future results and conditions.Actual
results may differ materially from those forecasted.The forecasted results are
based on the company`s current expectations and assumptions, and the company
does not undertake to update that information or any other information contained
in this release, except as may be required by law.The company`s ability to
realize the benefit of productivity improvements and synergies and increase its
financial strength is dependent upon many factors.Important factors are
described under "Risk Factors" in TECO Energy, Inc.`s and Tampa Electric
Company`s combined Annual Report on Form 10-K for the period ended Dec. 31,
2008.

TECO Energy, Inc.
Media:
Rick Morera, 813-228-4945
or
Investors:
Mark Kane, 813-228-1772

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