New Issue-Tampa Electric sells $150 mln in 10-yr notes

May 13 (Reuters) - Tampa Electric Co, an operating unit of
TECO Energy Inc (TE.N: Quote, Profile, Research, Stock Buzz), on Tuesday sold $150 million in 10-year
senior notes, said market sources.

BNP Paribas Securities and Morgan Stanley were the joint
bookrunning managers for the sale.
BORROWER: TAMPA ELECTRIC COMPANY
AMT $150 MLN COUPON 6.10 PCT MATURITY 5/15/2018
TYPE SR NOTES ISS PRICE 100 FIRST PAY 11/15/2008
MOODY'S Baa2 YIELD 6.10 PCT SETTLEMENT 5/16/2008
S&P BBB-MINUS SPREAD 225 BPS PAY FREQ SEMI-ANNUAL
FITCH BBB-PLUS MORE THAN TREAS CALLABLE N/A