News Release

TECO Energy establishes relief fund for impacted TECO Transport employees

TAMPA, September 7, 2005

TECO Energy today announced that it has established a fund to help its employees who were impacted by Hurricane Katrina, virtually all of whom are employed by the TECO Bulk Terminal subsidiary of TECO Transport, located in Davant, Louisiana. Called the TECO Bulk Terminal Community Relief Fund, TECO Energy team member contributions to the fund will be matched up to at least $100,000 by TECO Energy.

Chairman and CEO Sherrill Hudson said, “No amount of money can restore what Katrina took away from the people of these areas. The more than 150 men and women of TECO Bulk Terminal have experienced unfathomable loss as a result of this devastating storm. Their company, and their fellow team members, want to do what they can to help them with necessities during their time of need.”

The fund is administered through the Foundation for the Mid South. Tax-deductible contributions can be sent to: 

TECO Bulk Terminal Community Relief Fund
Foundation for the Mid South
134 Amite Street
Jackson, MS 39201

Contributions can also be made by phone at (toll-free) 888-355-8168. Beginning September 8, contributions will be able to be made online at the Foundation for the Mid South’s Web site: www.fndmidsouth.org.

As funding allows, the TECO Bulk Terminal Community Relief Fund may address other needs in the local area, including St. Bernard’s Parrish and Plaquemines Parrish.

TECO Energy, Inc. (NYSE: TE) is an integrated energy-related holding company with regulated utility businesses, complemented by a family of unregulated businesses. Its principal subsidiary, Tampa Electric Company, is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries are engaged in waterborne transportation, coal and synthetic fuel production and electric generation and distribution in Guatemala.

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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