Profile: TECO Energy Inc (TE.N)
20 Dec 2013
TECO Energy, Inc. (TECO Energy), incorporated on January 16, 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 TEC and, through its subsidiary TECO Diversified, owns TECO Coal. TEC, a Florida corporation and TECO Energy’s subsidiary, has two business segments. Its Tampa Electric division provides retail electric service to more than 687,000 customers in West Central Florida with a net winter system generating capacity of 4,668 megawatts. Peoples Gas System (PGS), the gas division of TEC, is engaged in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in Florida.
TECO Coal, a Kentucky corporation, has 10 subsidiaries located in Eastern Kentucky, Tennessee and Virginia. These entities own mineral rights, own or operate surface and underground mines and own interests in coal processing and loading facilities. On December 19, 2012, the Company sold San Jose power station and related facilities in Guatemala.
Tampa Electric-Electric Operations
Tampa Electric Company is a public utility operating within the state of Florida. The Company’s Tampa Electric division is engaged in the generation, purchase, transmission, distribution and sale of electric energy. The retail territory served consists of 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 in long-term reserve standby located near Sebring, a city 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 approximately 345,000 customers. The system includes approximately 11,200 miles of mains and 6,600 miles of service lines.
TECO Energy Inc
TECO Plaza, 702 North Franklin S
TAMPA FL 33602